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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS- BUDGET TO ACTUAL
<br /> MONTH ENDED OCTOBER,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 $ 5,549,799 $ 1,150,201 82.83%
<br /> Cost of sales (4,761,250) (3,684,141) (1,077,109) 77.38%
<br /> Gross profit 1,938,750 1,865,658 73,092 96.23%
<br /> Operating revenues:
<br /> User charges - - - 0.00% $ 1,668,900 $ 1,256,189 $ 412,711 75.27% $ 1,291,000 $ 980,489 $ 310,511 75.95%
<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 3,238 262 92.51% 2,000 40,685 (38,685) 2034.25% 2,300 2,528 (228) 109.91%
<br /> Total operating revenues 3,500 3,238 262 92.51% 1,673,400 1,290,607 382,793 77.12% 1,303,300 974,009 329,291 74.73%
<br /> Operating expenses:
<br /> Personal services 623,350 518,632 104,718 83.20% 518,100 384,488 133,612 74.21% 27,500 15,585 11,915 56.67%
<br /> Supplies 44,600 15,929 28,671 35.72% 254,100 102,692 151,408 40.41% 5,000 2,116 2,884 42.32%
<br /> Other service charges 217,050 167,804 49,246 77.31% 526,650 533,231 (6,581) 101.25% 1,316,450 951,801 364,649 72.30%
<br /> Depreciation* 124,400 - 124,400 0.00% 977,950 - 977,950 0.00% - - - 0.00%
<br /> Total operating expenses 1,009,400 702,365 307,035 69.58% 2,276,800 1,020,411 1,256,389 44.82% 1,348,950 969,502 379,448 71.87%
<br /> Operating income(loss) 932,850 111669531 (233,681) 125.05% (603,400) 270,196 (873,596) -44.78% (45,650) 41507 (50,157) -9.87%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 26,100 14,285 11,815 54.73% 81,550 39,784 41,766 48.78% 5,500 4,180 1,320 76.00%
<br /> Grant revenue - - - 0.00% 3,000,000 - 3,000,000 0.00% - - - 0.00%
<br /> Interest expense - - - 0.00% (10,850) (2,610) (8,240) 24.06% - - - 0.00%
<br /> Total nonoperating revenues(expenses) 26,100 14,285 11,815 54.73% 3,070,700 37,174 3,033,526 1.21% 5,500 4,180 1,320 76.00%
<br /> Income(loss)before contributions and transfers 958,950 1,180,816 (221,866) 123.14% 21467,300 3079370 21159,930 12.46% (40,150) 81687 (48,837) -21.64%
<br /> Contributions-connection fees - - - 0.00% 454,750 153,299 301,451 33.71% - - - 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 495,757 (190,657) 162.49% 3,808,400 342,019 394669381 8.98% (68,900) (34,463) (34,437) 50.02%
<br /> Items reclassified to balance sheet at year end:
<br /> Bond Proceeds 5,619,000 9,984,625 (4,365,625) 177.69%
<br /> Capital Outlay (12,619,000) (366,180) (12,252,820) 2.90%
<br /> Bond Payment (560,000) (560,000) - 100.00%
<br /> Revenues over/(under)expenditures 305,100 495,757 (190,657) (31751,600) 9,400,464 (139152,064) (68,900) (34,463) (34,437)
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