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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS-BUDGET TO ACTUAL
<br /> MONTH ENDED AUGUST,2015
<br /> Liquor Sewer Garbage Stormwater,
<br /> Current Year to Budget %of Current Year to Budget %of Current Year to Budget %of Current Year to Budget %of
<br /> Budget Date Variance Budget Budget Date Variance Budget Budget Date Variance Budget Budget Date Variance Budget
<br /> Sales and cost of sales:
<br /> Sales $6,865,650 $4,515,393 $2,350,257 65.77%
<br /> Cost of sales (4,898,950) (2,963,822) (1,935,128) 60.50%
<br /> Gross profit 1,966,700 1,551,571 415,129 78.89%
<br /> Operating revenues:
<br /> User charges $ - $ - $ - 0.00% $1,758,200 $1,053,008 $ 705,192 59.89% $1,302,000 $ 765,943 $ 536,057 58.83% 418,000 $ 149,620 $ 268,380 35.79%
<br /> Delinquency collections - - - 0.00% 1,300 1,307 (7) 100.54% 12,000 5,666 6,334 47.22% - 281 (281)
<br /> Other 1,900 1,422 478 74.84% 2,000 500 1,500 25.00% 3,500 1,223 2,277 34.94% - - -
<br /> Total operating revenues 1,900 1,422 478 74.84% 1,761,500 1,054,815 706,685 59.88% 1,317,500 772,832 544,668 58.66% 418,000 149,901 268,099 35.86%
<br /> Operating expenses:
<br /> Personal services 624,900 418,161 206,739 66.92% 526,560 286,203 240,357 54.35% 26,650 17,644 9,006 66.21% 87,150 49,324 37,826 56.60%
<br /> Supplies 53,400 45,096 8,304 84.45% 217,700 51,661 166,039 23.73% 5,900 447 5,453 7.58% 14,600 1,674 12,926 11.47%
<br /> Other service charges 221,250 135,845 85,405 61.40% 470,550 247,326 223,224 52.56% 1,315,250 776,115 539,135 59.01% 243,000 140,559 102,441 57.84%
<br /> Depreciation* 123,000 - 123,000 0.00% 977,950 - 977,950 0.00% - - - 0.00% 433,750 - 433,750 0.00%
<br /> Total operating expenses 1,022,550 599,102 423,448 58.59% 2,192,760 585,190 1,607,570 26.69% 1,347,800 794,206 553,594 58.93% 778,500 191,557 586,943 24.61%
<br /> Operating income(loss) 946,050 953,891 (7,841) 100.83% (431,260) 469,625 (900,885) -108.90% (30,300) (21,374) (8,926) 70.54% (360,500) (41,656) (318,844) 11.56%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 25,000 22,289 2,711 89.16% 100,000 57,288 42,712 57.29% 6,250 5,062 1,188 80.99% 900 1,480 (580) 164.44%
<br /> Grant revenue - - - 0.00% 2,800,000 1,034,812 1,765,188 36.96% - - - 0.00% - - - 0.00%
<br /> Interest expense - - - 0.00% (261,050) (161,566) (99,484) 61.89% - - - 0.00% - - - 0.00%
<br /> Total nonoperating revenues(expenses) 25,000 22,289 2,711 89.16% 2,638,950 930,534 1,708,416 35.26% 6,250 5,062 1,188 80.99% 900 1,480 (580) 164.44%
<br /> Income(loss)before contributions and transfers 971,050 976,180 (5,130) 100.53% 2,207,690 1,400,159 807,531 63.42% (24,050) (16,312) (7,738) 67.83% (359,600) (40,176) (319,424) 11.17%
<br /> Contributions-connection fees - - - 0.00% 630,700 387,888 242,812 61.50% - - - 0.00% 50,000 22,330 27,670 44.66%
<br /> Transfers in - - - 0.00% 1,000,000 1,000,000 - 100.00% 14,600 - 14,600 0.00% - 280,761 (280,761)
<br /> Transfers out (656,000) (689,718) 33,718 105.14% (120,000) (120,000) - 100.00% (43,950) (43,950) - 100.00% - - -
<br /> NET INCOME(LOSS) 315,050 286,462 28,588 90.93% 3,718,390 2,668,047 1,050,343 71.75% 53,400 60,262 6,862 112.85% 309,600 262,915 572,515 -84.92%
<br /> Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - - -
<br /> Capital Outlay (10,875,100) (4,928,930) (5,946,170) 45.32% (180,000) (27,821) 15.46%
<br /> Bond Payment - - -
<br /> Revenues over/(under)expenditures 315,050 286,462 28,588 (7,156,710) (2,260,883) (4,895,827) (53,400) (60,262) 6,862 (489,600) 235,094 (572,515)
<br /> *Recorded at year end
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