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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS- BUDGET TO ACTUAL
<br /> MONTH ENDED OCTOBER,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 $ 5,456,929 $ 1,043,071 83.95%
<br /> Cost of sales (4,695,750) (3,595,767) (1,099,983) 76.57%
<br /> Gross profit 1,804,250 1,861,162 (56,912) 103.15%
<br /> Operating revenues:
<br /> User charges - - - 0.00% $ 1,602,200 $ 1,198,815 $ 403,385 74.82% $ 1,324,000 $ 956,365 $ 367,635 72.23%
<br /> Delinquency collections - - - 0.00% 2,500 (2,392) 4,892 -95.68% 7,000 (8,846) 15,846 -126.37%
<br /> Other 400 4,407 (407) 110.18% 287,750 2,067 285,683 0.72% 2,000 2,475 (475) 123.75%
<br /> Total operating revenues 4,000 4,407 (407) 110.18% 1,892,450 1,198,490 693,960 63.33% 1,333,000 949,994 383,006 71.27%
<br /> Operating expenses:
<br /> Personal services 611,850 500,240 111,610 81.76% 499,150 404,058 95,092 80.95% 49,250 19,811 29,439 40.23%
<br /> Supplies 29,600 20,370 9,230 68.82% 262,300 84,011 178,289 32.03% 10,200 7,027 3,173 68.89%
<br /> Other service charges 222,900 161,904 60,996 72.64% 687,250 477,633 209,617 69.50% 1,297,400 912,383 385,017 70.32%
<br /> Depreciation* 123,150 - 123,150 0.00% 993,600 - 993,600 0.00% - - - 0.00%
<br /> Total operating expenses 987,500 682,514 304,986 69.12% 2,442,300 965,702 1,476,598 39.54% 1,356,850 939,221 417,629 69.22%
<br /> Operating income(loss) 8209750 111839055 (362,305) 144.14% (549,850) 232,788 (782,638) -42.34% (23,850) 10,773 (34,623) -45.17%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 23,000 15,407 7,593 66.99% 72,250 46,469 25,781 64.32% 5,400 5,297 103 98.09%
<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 15,407 7,593 66.99% 47,350 39,331 8,019 83.06% 5,400 5,297 103 98.09%
<br /> Income(loss)before contributions and transfers 843,750 1,198,462 (354,712) 142.04% (502,500) 272,119 (774,619) -54.15% (18,450) 16,070 (34,520) -87.10%
<br /> Contributions-connection fees - - - 0.00% 231,700 420,529 (188,829) 181.50% - - - 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) 1269250 618,173 (491,923) 489.64% (385,800) 577,648 (9639448) -149.73% (18,450) (8,930) (91520) 48.40%
<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 111,250 602,269 (491,019) (11172,300) 402,648 (19574,948) (18,450) (81930) (91520)
<br /> *Recorded at year end
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