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CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS-BUDGET TO ACTUAL
<br /> MONTH ENDED SEPTEMBER,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 $5,065,491 $1,800,159 73.78%
<br /> Cost of sales (4,898,950) (3,346,599) (1,552,351) 68.31%
<br /> Gross profit 1,966,700 1,718,892 247,808 87.40%
<br /> Operating revenues:
<br /> User charges $ - $ - $ - 0.00% $1,758,200 $1,206,549 $ 551,651 68.62% $1,302,000 $ 876,812 $ 425,188 67.34% 418,000 $ 187,088 $ 230,912 44.76%
<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 1,348 2,152 38.51% - - -
<br /> Total operating revenues 1,900 1,422 478 74.84% 1,761,500 1,208,356 553,144 68.60% 1,317,500 883,826 433,674 67.08% 418,000 187,369 230,631 44.83%
<br /> Operating expenses:
<br /> Personal services 624,900 466,662 158,238 74.68% 526,560 320,278 206,282 60.82% 26,650 19,806 6,844 74.32% 87,150 55,553 31,597 63.74%
<br /> Supplies 53,400 49,167 4,233 92.07% 217,700 67,759 149,941 31.12% 5,900 663 5,237 11.24% 14,600 1,674 12,926 11.47%
<br /> Other service charges 221,250 153,419 67,831 69.34% 470,550 271,865 198,685 57.78% 1,315,250 886,268 428,982 67.38% 243,000 147,127 95,873 60.55%
<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 1,022,550 669,248 353,302 65.45% 2,192,760 659,902 1,532,858 30.09% 1,347,800 906,737 441,063 67.28% 778,500 204,354 574,146 26.25%
<br /> Operating income(loss) 946,050 1,051,066 (105,016) 111.10% (431,260) 548,454 (979,714) -127.17% (30,300) (22,911) (7,389) 75.61% (360,500) (16,985) (343,515) 4.71%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 25,000 24,978 22 99.91% 100,000 65,792 34,208 65.79% 6,250 5,646 604 90.34% 900 1,736 (836) 192.89%
<br /> Grant revenue - - - 0.00% 2,800,000 1,221,847 1,578,153 43.64% - - - 0.00% - - - 0.00%
<br /> Interest expense - - - 0.00% (261,050) (162,016) (99,034) 62.06% - - - 0.00% - - - 0.00%
<br /> Total nonoperating revenues(expenses) 25,000 24,978 22 99.91% 2,638,950 1,125,623 1,513,327 42.65% 6,250 5,646 604 90.34% 900 1,736 (836) 192.89%
<br /> Income(loss)before contributions and transfers 971,050 1,076,044 (104,994) 110.81% 2,207,690 1,674,077 533,613 75.83% (24,050) (17,265) (6,785) 71.79% (359,600) (15,249) (344,351) 4.24%
<br /> Contributions-connection fees - - - 0.00% 630,700 415,698 215,002 65.91% - - - 0.00% 50,000 22,440 27,560 44.88%
<br /> Transfers in - - - 0.00% 1,000,000 1,000,000 - 100.00% 14,600 - 14,600 0.00% - 280,763 (280,763)
<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) 315,050 386,326 71,276 122.62% 3,718,390 2,969,775 748,615 79.87% 53,400 61,215 7,815 114.63% 309,600 287,954 597,554 -93.01%
<br /> Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - - -
<br /> Capital Outlay (10,875,100) (6,316,118) (4,558,982) 58.08% (180,000) (27,821) 15.46%
<br /> Bond Payment - - -
<br /> Revenues over/(under)expenditures 315,050 386,326 (71,276) (7,156,710) (3,346,343) (3,810,367) (53,400) (61,215) 7,815 (489,600) 260,133 (597,554)
<br /> *Recorded at year end
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