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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS- BUDGET TO ACTUAL
<br /> MONTH ENDED AUGUST,2014
<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 $ 6,700,000 $ 4,455,170 $ 2,244,830 66.50%
<br /> Cost of sales (4,761,250) (2,849,388) (1,911,862) 59.85%
<br /> Gross profit 1,938,750 1,605,782 332,968 82.83%
<br /> Operating revenues:
<br /> User charges - - - 0.00% $ 1,668,900 $ 966,440 $ 702,460 57.91% $ 1,291,000 $ 762,065 $ 528,935 59.03%
<br /> Delinquency collections - - - 0.00% 2,500 (6,267) 8,767 -250.68% 10,000 (9,008) 19,008 -90.08%
<br /> Other 3,500 2,823 677 80.66% 2,000 40,685 (38,685) 2034.25% 2,300 1,887 413 82.04%
<br /> Total operating revenues 3,500 2,823 677 80.66% 1,673,400 1,000,858 672,542 59.81% 1,303,300 754,944 548,356 57.93%
<br /> Operating expenses:
<br /> Personal services 623,350 421,612 201,738 67.64% 518,100 317,406 200,694 61.26% 27,500 11,829 15,671 43.01%
<br /> Supplies 44,600 13,968 30,632 31.32% 254,100 89,256 164,844 35.13% 5,000 2,016 2,984 40.32%
<br /> Other service charges 217,050 131,066 85,984 60.39% 526,650 481,964 44,686 91.52% 1,316,450 739,318 577,132 56.16%
<br /> Depreciation* 124,400 - 124,400 0.00% 977,950 - 977,950 0.00% - - - 0.00%
<br /> Total operating expenses 1,009,400 566,646 442,754 56.14% 2,276,800 888,626 1,388,174 39.03% 1,348,950 753,163 595,787 55.83%
<br /> Operating income(loss) 932,850 110419959 (109,109) 111.70% (603,400) 112,232 (715,632) -18.60% (45,650) 11781 (47,431) -3.90%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 26,100 13,256 12,844 50.79% 81,550 32,141 49,409 39.41% 5,500 3,886 1,614 70.65%
<br /> Grant revenue - - - 0.00% 3,000,000 - 3,000,000 0.00% - - - 0.00%
<br /> Interest expense - - - 0.00% (10,850) (1,810) (9,040) 16.68% - - - 0.00%
<br /> Total nonoperating revenues(expenses) 26,100 13,256 12,844 50.79% 3,070,700 30,331 3,040,369 0.99% 5,500 3,886 1,614 70.65%
<br /> Income(loss)before contributions and transfers 958,950 1,055,215 (96,265) 110.04% 21467,300 142,563 21324,737 5.78% (40,150) 5,667 (45,817) -14.11%
<br /> Contributions-connection fees - - - 0.00% 454,750 108,299 346,451 23.82% - - - 0.00%
<br /> Transfers in - - - 0.00% 1,000,000 - 1,000,000 0.00% 14,400 - 14,400 0.00%
<br /> Transfers out (653,850) (685,059) 31,209 104.77% (113,650) (118,650) 5,000 104.40% (43,150) (43,150) - 100.00%
<br /> NET INCOME(LOSS) 3059100 3709156 (65,056) 121.32% 3,808,400 132,212 316769188 3.47% (68,900) (37,483) (31,417) 54.40%
<br /> Items reclassified to balance sheet at year end:
<br /> Bond Proceeds 5,619,000 10,021,221 (4,402,221) 178.35%
<br /> Capital Outlay (12,619,000) (218,981) (12,400,019) 1.74%
<br /> Bond Payment (560,000) (560,000) - 100.00%
<br /> Revenues over/(under)expenditures 305,100 3709156 (65,056) (31751,600) 91374,452 (139126,052) (68,900) (37,483) (31,417)
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