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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS- BUDGET TO ACTUAL
<br /> MONTH ENDED NOVEMBER,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 $ 6,044,817 $ 455,183 93.00%
<br /> Cost of sales (4,695,750) (3,970,062) (725,688) 84.55%
<br /> Gross profit 1,804,250 2,074,755 (270,505) 114.99%
<br /> Operating revenues:
<br /> User charges - - - 0.00% $ 1,602,200 $ 1,334,203 $ 267,997 83.27% $ 1,324,000 $ 1,065,156 $ 258,844 80.45%
<br /> Delinquency collections - - - 0.00% 2,500 (2,392) 4,892 -95.68% 7,000 (8,846) 15,846 -126.37%
<br /> Other 400 4,854 (854) 121.35% 287,750 2,067 285,683 0.72% 2,000 2,655 (655) 132.75%
<br /> Total operating revenues 4,000 4,854 (854) 121.35% 1,892,450 1,333,878 558,572 70.48% 1,333,000 1,058,965 274,035 79.44%
<br /> Operating expenses:
<br /> Personal services 611,850 546,996 64,854 89.40% 499,150 442,383 56,767 88.63% 49,250 19,811 29,439 40.23%
<br /> Supplies 29,600 21,789 7,811 73.61% 262,300 96,472 165,828 36.78% 10,200 7,027 3,173 68.89%
<br /> Other service charges 222,900 176,993 45,907 79.40% 687,250 575,829 111,421 83.79% 1,297,400 1,019,004 278,396 78.54%
<br /> Depreciation* 123,150 - 123,150 0.00% 993,600 - 993,600 0.00% - - - 0.00%
<br /> Total operating expenses 987,500 745,778 241,722 75.52% 2,442,300 1,114,684 1,327,616 45.64% 1,356,850 1,045,842 311,008 77.08%
<br /> Operating income(loss) 8209750 113339831 (513,081) 162.51% (549,850) 219,194 (769,044) -39.86% (23,850) 13,123 (36,973) -55.02%
<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 1,349,238 (505,488) 159.91% (502,500) 258,525 (761,025) -51.45% (18,450) 18,420 (36,870) -99.84%
<br /> Contributions-connection fees - - - 0.00% 231,700 446,750 (215,050) 192.81% - - - 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 768,949 (642,699) 609.07% (385,800) 590,275 (9769075) -153.00% (18,450) (6,580) (11,870) 35.66%
<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 7539045 (641,795) (11172,300) 415,275 (19587,575) (18,450) (61580) (11,870)
<br /> *Recorded at year end
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