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<br />Current
<br /> Budget
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<br /> Budget
<br />Variance
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<br />Variance
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<br /> Current
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<br />Sales and cost of sales:
<br /> Sales 6,865,650$ 6,242,396$ 623,254$ 90.92%
<br /> Cost of sales (4,898,950) (4,283,916) (615,034) 87.45%
<br /> Gross profit 1,966,700 1,958,480 8,220 99.58%
<br />Operating revenues:
<br /> User charges -$ -$ -$ - 1,758,200$ 1,511,637$ 246,563$ 85.98%1,302,000$ 1,097,797$ 204,203$ 84.32%418,000$ 258,610$ 159,390$ 61.87%
<br /> Delinquency collections - - - - 1,300 1,307 (7) 100.54%12,000 5,666 6,334 47.22%- 281 (281)
<br /> Other 1,900 1,722 178 90.63%2,000 500 1,500 25.00%3,500 1,782 1,718 50.91%- - - -
<br /> Total operating revenues 1,900 1,722 178 90.63%1,761,500 1,513,444 248,056 85.92%1,317,500 1,105,245 212,255 83.89%418,000 258,891 159,109 61.94%
<br />Operating expenses:
<br /> Personal services 624,900 568,208 56,692 90.93%526,560 394,229 132,331 74.87%26,650 24,132 2,518 90.55%87,150 68,075 19,075 78.11%
<br /> Supplies 53,400 50,463 2,937 94.50%217,700 81,592 136,108 37.48%5,900 1,537 4,363 26.05%14,600 1,674 12,926 11.47%
<br /> Other service charges 221,250 190,649 30,601 86.17%470,550 381,876 88,674 81.16%1,315,250 1,117,572 197,678 84.97%243,000 150,945 92,055 62.12%
<br /> Depreciation *123,000 - 123,000 0.00%977,950 - 977,950 0.00%- - - - 433,750 - 433,750 0.00%
<br /> Total operating expenses 1,022,550 809,320 213,230 79.15%2,192,760 857,697 1,335,063 39.11%1,347,800 1,143,241 204,559 84.82%778,500 220,694 557,806 28.35%
<br />Operating income (loss)946,050 1,150,882 (204,832) 121.65%(431,260) 655,747 (1,087,007) -152.05%(30,300) (37,996) 7,696 125.40%(360,500) 38,197 (398,697) -10.60%
<br />Nonoperating revenues (expenses):
<br /> Interest income 25,000 30,601 (5,601) 122.40%100,000 84,230 15,770 84.23%6,250 6,773 (523) 108.37%900 2,323 (1,423) 258.11%
<br /> Grant revenue - - - - 2,800,000 1,597,724 1,202,276 57.06%- - - - - - - -
<br /> Interest expense - - - - (261,050) (162,016) (99,034) 62.06%- - - - - - - -
<br /> Total nonoperating revenues (expenses)25,000 30,601 (5,601) 122.40%2,638,950 1,519,938 1,119,012 57.60%6,250 6,773 (523) 108.37%900 2,323 (1,423) 258.11%
<br />Income (loss) before contributions and transfers 971,050 1,181,483 (210,433) 121.67%2,207,690 2,175,685 32,005 98.55%(24,050) (31,223) 7,173 129.83%(359,600) 40,520 (400,120) -11.27%
<br />Contributions - connection fees - - - - 630,700 452,778 177,922 71.79%- - - - 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)315,050 491,765 (176,715) 156.09%3,718,390 3,508,463 209,927 94.35%(53,400) (75,173) 21,773 140.77%(309,600) 343,723 (653,323) -111.02%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - - -
<br /> Capital Outlay (10,875,100) (9,040,067) (1,835,033) 83.13%(180,000) (27,821) 15.46%
<br /> Bond Payment - - -
<br />Revenues over/(under) expenditures 315,050 491,765 (176,715) (7,156,710) (5,531,604) (1,625,106) (53,400) (75,173) 21,773 (489,600) 315,902 (653,323)
<br /> * Recorded at year end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED NOVEMBER, 2015
<br />Liquor Sewer Garbage Stormwater
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