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<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED JULY, 2015
<br />
<br />LiquorSewerGarbageStormwater
<br />
<br />Current Year to Budget % of Current Year to Budget % of Current Year to Budget % of Current Year to Budget % of
<br /> Budget DateVariance Budget Budget DateVariance Budget Budget DateVariance Budget Budget DateVariance Budget
<br />Sales and cost of sales:
<br /> Sales$ 6,865,650$ 3,908,942$ 2,956,70856.93%
<br /> Cost of sales (4,898,950) (2,470,214) (2,428,736)50.42%
<br /> 1,966,700 1,438,728
<br /> Gross profit 527,97273.15%
<br />Operating revenues:
<br /> User charges$ -$ -$ -0.00%$ 1,758,200$ 896,820$ 861,38051.01%$ 1,302,000$ 655,384$ 646,61650.34%$ 418,000$ 112,067$
<br /> 305,93326.81%
<br /> Delinquency collections - - -0.00% 1,300 1,307 (7)100.54% 12,000 5,666
<br /> 6,33447.22% - 281 (281)
<br /> Other 1,900 1,122 77859.05% 2,000 500 1,50025.00% 3,500 1,179 2,32133.69%
<br /> - - -
<br /> 1,900 1,122 1,761,500 898,627 1,317,500 662,229 418,000 112,348
<br /> Total operating revenues 77859.05% 862,87351.01% 655,27150.26% 305,65226.88%
<br />Operating expenses:
<br /> Personal services 624,900 369,194 255,70659.08% 526,560 251,452 275,10847.75% 26,650 15,482 11,16858.09% 87,150
<br /> 43,097 44,05349.45%
<br /> Supplies 53,400 44,364 9,03683.08% 217,700 38,752 178,94817.80% 5,900 250 5,6504.24% 14,600
<br /> 1,159 13,4417.94%
<br /> Other service charges 221,250 112,311 108,93950.76% 470,550 224,698 245,85247.75% 1,315,250 638,317 676,93348.53% 243,000
<br /> 136,898 106,10256.34%
<br /> Depreciation * 123,000 - 123,0000.00% 977,950 - 977,9500.00% - - -0.00%
<br /> 433,750 - 433,7500.00%
<br /> 1,022,550 525,869 2,192,760 514,902 1,347,800 654,049 778,500 181,154
<br /> Total operating expenses 496,68151.43% 1,677,85823.48% 693,75148.53% 597,34623.27%
<br /> 946,050 913,981 (431,260) 383,725 (30,300) 8,180 (360,500) (68,806)
<br />Operating income (loss) 32,06996.61% (814,985) -88.98% (38,480) -27.00% (291,694) 19.09%
<br />Nonoperating revenues (expenses):
<br />
<br /> Interest income 25,000 20,164 4,83680.66% 100,000 48,730 51,27048.73% 6,250 4,572 1,67873.15%
<br /> 900 1,311 (411) 145.67%
<br /> Grant revenue - - -0.00% 2,800,000 907,700 1,892,3000.00% - - -0.00%
<br /> - - -0.00%
<br /> Interest expense - - -0.00% (261,050) (23,364) (237,686) 8.95% - -
<br /> -0.00% - - -0.00%
<br /> 25,000 20,164 2,638,950 933,066 6,250 4,572 900 1,311
<br /> Total nonoperating revenues (expenses) 4,83680.66% 1,705,88435.36% 1,67873.15% (411) 145.67%
<br />Income (loss) before contributions and transfers 971,050 934,145 36,90596.20% 2,207,690 1,316,791 890,89959.65% (24,050) 12,752 (36,802)
<br /> -53.02% (359,600) (67,495) (292,105) 18.77%
<br />Contributions - connection fees - - -0.00% 630,700 249,302 381,39839.53% - -
<br /> -0.00% 50,000 9,460 40,5400.00%
<br />Transfers in - - -0.00% 1,000,000 1,000,000 -0.00% 14,600 - 14,6000.00%
<br /> - 280,761 (280,761)
<br />Transfers out (656,000) (689,718) 33,718105.14% (120,000) (120,000) -100.00% (43,950) (43,950) -100.00%
<br /> - - -
<br />NET INCOME (LOSS) 315,050 244,427 70,62377.58% 3,718,390 2,446,093 1,272,29765.78% (53,400) (31,198) (22,202) 58.42% (309,600)
<br /> 222,726 (532,326) -71.94%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - - -
<br /> Capital Outlay (10,875,100) (4,002,626) (6,872,474)36.81% (180,000) (27,821)
<br /> Bond Payment - - -
<br />Revenues over/(under) expenditures 315,050 244,427 70,623 (7,156,710) (1,556,533) (5,600,177) (53,400) (31,198) (22,202) (489,600)
<br /> 194,905 (532,326)
<br /> * Recorded at year end
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