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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS- BUDGET TO ACTUAL
<br /> MONTH ENDED SEPTEMBER,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 $ 4,912,080 $ 1,587,920 75.57%
<br /> Cost of sales 4,695,750 3,187,208 1,508,542 67.87%
<br /> Gross profit 1,804,250 1,724,872 79,378 95.60%
<br /> Operating revenues:
<br /> User charges - - - 0.00% $ 1,602,200 $ 1,062,966 $ 539,234 66.34% $ 1,324,000 $ 846,805 $ 477,195 63.96%
<br /> Delinquency collections - - - 0.00% 2,500 (2,392) 4,892 -95.68% 7,000 (8,846) 15,846 -126.37%
<br /> Other 400 4,290 290 107.25% 287,750 2,067 285,683 0.72% 2,000 2,452 452 122.60%
<br /> Total operating revenues 4,000 4,290 290 107.25% 1,892,450 1,062,641 829,809 56.15% 1,333,000 840,411 492,589 63.05%
<br /> Operating expenses:
<br /> Personal services 611,850 450,825 161,025 73.68% 499,150 364,490 134,660 73.02% 49,250 18,304 30,946 37.17%
<br /> Supplies 29,600 15,698 13,902 53.03% 262,300 65,015 197,285 24.79% 10,200 6,677 3,523 65.46%
<br /> Other service charges 222,900 144,061 78,839 64.63% 687,250 362,902 324,348 52.80% 1,297,400 809,495 487,905 62.39%
<br /> Depreciation* 123,150 - 123,150 0.00% 993,600 - 993,600 0.00% - - - 0.00%
<br /> Total operating expenses 987,500 610,584 376,916 61.83% 2,442,300 792,407 1,649,893 32.45% 1,356,850 834,476 522,374 61.50%
<br /> Operating income(loss) 820,750 19118,578 297,828 136.29% (549,850) 270,234 (820,084) -49.15% 23,850 51935 29,785 -24.88%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 23,000 13,830 9,170 60.13% 72,250 41,463 30,787 57.39% 5,400 4,764 636 88.22%
<br /> Miscellaneous revenue - - - 0.00% - 6,462 (6,462) 0.00% - - - 0.00%
<br /> Interest expense - - - 0.00% (24,900) (13,600) (11,300) 54.62% - - - 0.00%
<br /> Total nonoperating revenues(expenses) 23,000 13,830 9,170 60.13% 47,350 34,325 13,025 72.49% 5,400 4,764 636 88.22%
<br /> Income(loss)before contributions and transfers 843,750 11132,408 (288,658) 134.21% (502,500) 304,559 (807,059) -60.61% (18,450) 10,699 (29,149) -57.99%
<br /> Contributions-connection fees - - - 0.00% 231,700 369,939 (138,239) 159.66% - - - 0.00%
<br /> Transfers in - - - 0.00% - - - 0.00% 25,000 - 25,000 0.00%
<br /> Transfers out (717,500) (580,289) (137,211) 80.88% (115,000) (115,000) - 100.00% (25,000) (25,000) - 100.00%
<br /> NET INCOME(LOSS) 126,250 552,119 (425,869) 437.32% (385,800) 559,498 (945,298) -145.02% (18,450) (14,301) (49149) 77.51%
<br /> Items reclassified to balance sheet at year end:
<br /> Capital Outlay (15,000) (15,904) 904 106.03% (611,500) - (611,500) 0.00%
<br /> Bond Payment - - - 0.00% (175,000) (175,000) - 100.00%
<br /> Revenues over/(under)expenditures 111,250 536,215 (424,965) (11172,300) 384,498 (11556,798) (18,450) (14,301) (41149)
<br /> *Recorded at year end
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