|
CITY OF ELK RIVER
<br /> ENTERPRISE FUNDS-BUDGET TO ACTUAL
<br /> MONTH ENDED OCTOBER,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 $5,697,853 $1,167,797 82.99%
<br /> Cost of sales (4,898,950) (3,789,240) (1,109,710) 77.35%
<br /> Gross profit 1,966,700 1,908,613 58,087 97.05%
<br /> Operating revenues:
<br /> User charges $ - $ - $ - - $1,758,200 $1,359,900 $ 398,300 77.35% $1,302,000 $ 987,732 $ 314,268 75.86% $ 418,000 $ 223,240 $ 194,760 53.41%
<br /> Delinquency collections - - - - 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 1,355 2,145 38.71% - - - -
<br /> Total operating revenues 1,900 1,422 478 74.84% 1,761,500 1,361,707 399,793 77.30% 1,317,500 994,753 322,747 75.50% 418,000 223,521 194,479 53.47%
<br /> Operating expenses:
<br /> Personal services 624,900 518,578 106,322 82.99% 526,560 356,967 169,593 67.79% 26,650 21,969 4,681 82.44% 87,150 61,848 25,302 70.97%
<br /> Supplies 53,400 49,673 3,727 93.02% 217,700 67,037 150,663 30.79% 5,900 1,483 4,417 25.14% 14,600 1,674 12,926 11.47%
<br /> Other service charges 221,250 169,642 51,608 76.67% 470,550 348,335 122,215 74.03% 1,315,250 1,005,549 309,701 76.45% 243,000 148,913 94,087 61.28%
<br /> Depreciation* 123,000 - 123,000 0.00% 977,950 - 977,950 0.00% - - - - 433,750 - 433,750 0.00%
<br /> Total operating expenses 1,022,550 737,893 284,657 72.16% 2,192,760 772,339 1,420,421 35.22% 1,347,800 1,029,001 318,799 76.35% 778,500 212,435 566,065 27.29%
<br /> Operating income(loss) 946,050 1,172,142 (226,092) 123.90% (431,260) 589,368 (1,020,628) -136.66% (30,300) (34,248) 3,948 113.03% (360,500) 11,086 (371,586) -3.08%
<br /> Nonoperating revenues(expenses):
<br /> Interest income 25,000 27,276 (2,276) 109.10% 100,000 74,064 25,936 74.06% 6,250 6,125 125 98.00% 900 1,968 (1,068) 218.67%
<br /> Grant revenue - - - - 2,800,000 1,333,299 1,466,701 47.62% - - - - - - - -
<br /> Interest expense - - - - (261,050) (162,016) (99,034) 62.06% - - - - - - - -
<br /> Total nonoperating revenues(expenses) 25,000 27,276 (2,276) 109.10% 2,638,950 1,245,347 1,393,603 47.19% 6,250 6,125 125 98.00% 900 1,968 (1,068) 218.67%
<br /> Income(loss)before contributions and transfers 971,050 1,199,418 (228,368) 123.52% 2,207,690 1,834,715 372,975 83.11% (24,050) (28,123) 4,073 116.94% (359,600) 13,054 (372,654) -3.63%
<br /> Contributions-connection fees - - - - 630,700 429,603 201,097 68.12% - - - - 50,000 22,440 27,560 44.88%
<br /> Transfers in - - - - 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) 315,050 509,700 194,650 161.78% 3,718,390 3,144,318 574,072 84.56% 53,400 72,073 18,673 134.97% 309,600 316,257 625,857 -102.15%
<br /> Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - - -
<br /> Capital Outlay (10,875,100) (7,100,505) (3,774,595) 65.29% (180,000) (27,821) 15.46%
<br /> Bond Payment - - -
<br /> Revenues over/(under)expenditures 315,050 509,700 (194,650) (7,156,710) (3,956,187) (3,200,523) (53,400) (72,073) 18,673 (489,600) 288,436 (625,857)
<br /> *Recorded at year end
<br />
|