Q1 2026 Financial Results
Through the first quarter of 2026, the Association’s core water revenue remains strong, expenses are generally being managed well, and the first-quarter loss is consistent with our normal seasonal pattern. However, cash flow remains tight due to capital spending, including work on the Clark Well.
Total revenue for Q1 2026 was $564,090, which was 4% below forecast. Water Sales Income was $384,676, beating forecast by 2% and increasing 3% over Q1 2025. 3rd Party Water Sales were also strong at $159,509, which was 13% above forecast and 13% above the same quarter last year. The revenue shortfall was primarily in Other Income and Membership Fee Income.
Total operating expenses were $614,852, about 1% below forecast and $77,087 lower than Q1 2025, showing improvement in year-over-year cost control. Wages and Benefits, our largest expense category, came in $62,254 below forecast.
The main areas requiring continued attention are Professional Fees, Taxes, and Distribution costs, all of which exceeded forecast for the quarter.
The Association ended Q1 with a net loss of $50,762, compared with a forecasted loss of $34,094. While the loss was wider than planned, it was an improvement over the $70,962 loss in Q1 2025. Q1 is typically our weakest quarter because of seasonal revenue patterns and certain annual expenses that occur early in the year.