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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS- BUDGET TO ACTUAL
<br /> MONTH ENDED SEPTEMBER 30,2012
<br /> Current Year to Date Budget %of Current Year to Date Budget %of Current Year to Date Budget %of
<br /> Budget Actual Variance Budget Budget Actual Variance Budget Budget Actual Variance Budget
<br /> Sales and cost of sales:
<br /> Sales $ 6,250,000 $ 4,706,360 $ 1,543,640 75.30%
<br /> Cost of sales (4,517,250) (3,089,716) (1,427,534) 68.40%
<br /> Gross profit 1,732,750 1,616,644 116,106 93.30%
<br /> Operating revenues:
<br /> User charges - - - 0.00% $ 1,554,450 $ 1,014,475 $ 539,975 65.26% $ 1,299,000 $ 853,622 $ 445,378 65.71%
<br /> Delinquency collections - - - 0.00% 2,500 (8,858) 11,358 -354.32% 7,000 (7,552) 14,552 -107.89%
<br /> Other 5,000 3,005 1,995 60.10% 287,500 3,263 284,237 1.13% 28,600 16,788 11,812 58.70%
<br /> Total operating revenues 5,000 3,005 1,995 60.10% 1,844,450 1,008,880 835,570 54.70% 1,334,600 862,858 471,742 64.65%
<br /> Operating expenses:
<br /> Personal services 583,400 429,251 154,149 73.58% 480,550 348,553 131,997 72.53% 52,900 33,882 19,018 64.05%
<br /> Supplies 26,600 11,438 15,162 43.00% 174,900 79,010 95,890 45.17% 10,600 3,842 6,758 36.25%
<br /> Other service charges 226,450 88,158 138,292 38.93% 461,950 306,288 155,662 66.30% 1,260,000 815,057 444,943 64.69%
<br /> Depreciation* 123,150 - 123,150 0.00% 993,600 - 993,600 0.00% - - - 0.00%
<br /> Total operating expenses 959,600 528,847 430,753 55.11% 2,111,000 733,851 1,377,149 34.76% 1,323,500 852,781 470,719 64.43%
<br /> Operating income(loss) 778,150 1,090,802 (312,652) 140.18% (266,550) 275,029 (541,579) -103.18% 11,100 10,077 1,023 90.78%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 25,250 8,925 16,325 35.35% 48,550 30,556 17,994 62.94% 5,000 3,492 1,508 69.84%
<br /> Interest expense (29,250) (13,425) (15,825) 45.90% (31,050) (17,268) (13,782) 55.61% - - - 0.00%
<br /> Total nonoperating revenues(expenses) (4,000) (4,500) 500 112.50% 17,500 13,288 4,212 75.93% 5,000 3,492 1,508 69.84%
<br /> Income(loss)before contributions and transfers 774,150 1,086,302 (312,152) 140.32% (249,050) 288,317 (537,367) -115.77% 16,100 13,569 2,531 84.28%
<br /> Contributions-connection fees - - - 0.00% 111,400 189,090 (77,690) 169.74% - - - 0.00%
<br /> Transfers in - - - 0.00% - - - 0.00% 37,000 - 37,000 0.00%
<br /> Transfers out (394,350) (408,510) 14,160 103.59% (115,000) (115,000) - 100.00% (25,000) (25,000) - 100.00%
<br /> NET INCOME(LOSS) 379,800 677,792 (297,992) 178.46% (252,650) 362,407 (615,057) -143.44% 28,100 (11,431) 39,531 -40.68%
<br /> Items reclassified to balance sheet at year end:
<br /> Capital Outlay (55,000) (40,690) (14,310) 73.98% (1,041,500) (133,374) (908,126) 12.81%
<br /> Bond Payment (730,000) (730,000) - 100.00% (170,000) (170,000) - 100.00%
<br /> Revenues over/(under)expenditures (405,200) (92,898) (312,302) (1,464,150) 59,033 (1,523,183) 28,100 (11,431) 39,531
<br /> *Recorded at year end
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