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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS- BUDGET TO ACTUAL
<br /> MONTH ENDED MAY,2013
<br /> Liquor Sewer Garbage
<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 $ 6,500,000 $ 2,487,827 $ 4,012,173 38.27%
<br /> Cost of sales (4,695,750) (1,412,183) (3,283,567) 30.07%
<br /> Gross profit 1,804,250 1,075,644 728,606 59.62%
<br /> Operating revenues:
<br /> User charges - - - 0.00% $ 1,602,200 $ 519,529 $ 1,082,671 32.43% $ 1,324,000 $ 409,540 $ 914,460 30.93%
<br /> Delinquency collections - - - 0.00% 2,500 (9,401) 11,901 -376.04% 7,000 (13,978) 20,978 -199.69%
<br /> Other 400 1,379 2,621 34.48% 287,750 2,067 285,683 0.72% 2,000 1,134 866 56.70%
<br /> Total operating revenues 4,000 1,379 2,621 34.48% 1,892,450 512,195 1,380,255 27.07% 1,333,000 396,696 936,304 29.76%
<br /> Operating expenses:
<br /> Personal services 611,850 233,314 378,536 38.13% 499,150 187,739 311,411 37.61% 49,250 9,590 39,660 19.47%
<br /> Supplies 29,600 3,393 26,207 11.46% 262,300 32,681 229,619 12.46% 10,200 1,104 9,096 10.82%
<br /> Other service charges 222,900 63,924 158,976 28.68% 687,250 149,363 537,887 21.73% 1,297,400 390,241 907,159 30.08%
<br /> Depreciation* 123,150 - 123,150 0.00% 993,600 - 993,600 0.00% - - - 0.00%
<br /> Total operating expenses 987,500 300,631 686,869 30.44% 2,442,300 369,783 2,072,517 15.14% 1,356,850 400,935 955,915 29.55%
<br /> Operating income(loss) 8209750 7769392 44,358 94.60% (549,850) 142,412 (692,262) -25.90% (23,850) (41239) (19,611) 17.77%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 23,000 4,267 18,733 18.55% 72,250 12,551 59,699 17.37% 5,400 1,543 3,857 28.57%
<br /> Miscellaneous revenue - - - 0.00% - 518 (518) 0.00% - - - 0.00%
<br /> Interest expense - - - 0.00% (24,900) (14,434) (10,466) 57.97% - - - 0.00%
<br /> Total nonoperating revenues(expenses) 23,000 4,267 18,733 18.55% 47,350 (1,365) 48,715 -2.88% 5,400 1,543 3,857 28.57%
<br /> Income(loss)before contributions and transfers 843,750 780,659 63,091 92.52% (502,500) 141,047 (643,547) -28.07% (18,450) (2,696) (15,754) 14.61%
<br /> Contributions-connection fees - - - 0.00% 231,700 90,915 140,785 39.24% - - - 0.00%
<br /> Transfers in - - - 0.00% - - - 0.00% 25,000 - 25,000 0.00%
<br /> Transfers out (717,500) - (717,500) 0.00% (115,000) (15,000) (100,000) 13.04% (25,000) - (25,000) 0.00%
<br /> NET INCOME(LOSS) 1269250 780,659 (654,409) 618.34% (385,800) 216,962 (6029762) -56.24% (18,450) (2,696) (15,754) 14.61%
<br /> Items reclassified to balance sheet at year end:
<br /> Capital Outlay (15,000) (469) (14,531) 3.13% (611,500) - (611,500) 0.00%
<br /> Bond Payment - - - 0.00% (175,000) (175,000) - 100.00%
<br /> Revenues over/(under)expenditures 111,250 7809190 (668,940) (11172,300) 41,962 (11214,262) (18,450) (21696) (15,754)
<br /> *Recorded at year end
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