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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS- BUDGET TO ACTUAL
<br /> MONTH ENDED NOVEMBER,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 $ 6,110,715 $ 589,285 91.20%
<br /> Cost of sales (4,761,250) (3,976,234) (785,016) 83.51%
<br /> Gross profit 1,938,750 2,134,481 (195,731) 110.10%
<br /> Operating revenues:
<br /> User charges - - - 0.00% $ 1,668,900 $ 1,400,460 $ 268,440 83.92% $ 1,291,000 $ 1,089,632 $ 201,368 84.40%
<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 3,655 (155) 104.43% 2,000 40,685 (38,685) 2034.25% 2,300 2,591 (291) 112.65%
<br /> Total operating revenues 3,500 3,655 (155) 104.43% 1,673,400 1,434,878 238,522 85.75% 1,303,300 1,083,215 220,085 83.11%
<br /> Operating expenses:
<br /> Personal services 623,350 566,170 57,180 90.83% 518,100 416,893 101,207 80.47% 27,500 17,457 10,043 63.48%
<br /> Supplies 44,600 18,155 26,445 40.71% 254,100 109,615 144,485 43.14% 5,000 3,080 1,920 61.60%
<br /> Other service charges 217,050 182,763 34,287 84.20% 526,650 573,375 (46,725) 108.87% 1,316,450 1,060,167 256,283 80.53%
<br /> Depreciation* 124,400 - 124,400 0.00% 977,950 - 977,950 0.00% - - - 0.00%
<br /> Total operating expenses 1,009,400 767,088 242,312 75.99% 2,276,800 1,099,883 1,176,917 48.31% 1,348,950 1,080,704 268,246 80.11%
<br /> Operating income(loss) 932,850 113719048 (438,198) 146.97% (603,400) 334,995 (938,395) -55.52% (45,650) 21511 (48,161) -5.50%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 26,100 15,372 10,728 58.90% 81,550 42,587 38,963 52.22% 5,500 4,479 1,021 81.44%
<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 15,372 10,728 58.90% 3,070,700 39,977 3,030,723 1.30% 5,500 4,479 1,021 81.44%
<br /> Income(loss)before contributions and transfers 958,950 1,386,420 (427,470) 144.58% 21467,300 374,972 21092,328 15.20% (40,150) 6,990 (47,140) -17.41%
<br /> Contributions-connection fees - - - 0.00% 454,750 349,499 105,251 76.86% - - - 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 7019361 (396,261) 229.88% 3,808,400 605,821 312029579 15.91% (68,900) (36,160) (32,740) 52.48%
<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) (369,403) (12,249,597) 2.93%
<br /> Bond Payment (560,000) (560,000) - 100.00%
<br /> Revenues over/(under)expenditures 305,100 7019361 (396,261) (31751,600) 91661,043 (13,412,643) (68,900) (36,160) (32,740)
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