|
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED APRIL, 2016
<br />
<br />LiquorSewerGarbageStormwater
<br />
<br />Current Year to Date Budget % of Current Year to Date Budget % of Current Year to Date Budget % of Current Year to Date Budget % of
<br /> Budget Actual Variance Budget Budget Actual Variance Budget Budget Actual Variance Budget Budget Actual Variance Budget
<br />Sales and cost of sales:
<br /> Sales$ 6,934,000 $ 1,991,480 $ 4,942,520 28.72%
<br /> Cost of sales (4,957,300) (1,075,429) (3,881,871)21.69%
<br /> 1,976,700 916,051
<br /> Gross profit 1,060,649 46.34%
<br />Operating revenues:
<br /> User charges$ - $ - $ - 0.00%$ 1,860,000 $ 463,432 $ 1,396,568 24.92%$ 1,310,000 $ 332,071 $ 977,929
<br /> 25.35%$ 420,000 $ 112,208 $ 307,792 26.72%
<br /> Delinquency collections - - -0.00% 1,300 - 1,3000.00% 13,000
<br /> - 13,000 0.00% - - -0.00%
<br /> Other 1,700 734 96643.18% 2,000 - 2,0000.00% 3,500 625
<br /> 2,87517.86% - - -0.00%
<br /> 1,700 734 1,863,300 463,432 1,326,500 332,696 420,000 112,208
<br /> Total operating revenues 96643.18% 1,399,868 24.87% 993,804 25.08% 307,792 26.72%
<br />Operating expenses:
<br /> Personal services 659,850 193,600 466,250 29.34% 532,650 156,422 376,228 29.37% 22,900 6,520 16,380
<br /> 28.47% 80,650 23,711 56,939 29.40%
<br /> Supplies 53,700 7,314 46,386 13.62% 217,800 22,062 195,738 10.13% 6,300 1,884 4,41629.90%
<br /> 7,000 - 7,0000.00%
<br /> Other service charges 231,950 52,214 179,736 22.51% 517,200 105,527 411,673 20.40% 1,340,700 346,758 993,942
<br /> 25.86% 403,150 71,098 332,052 17.64%
<br /> Depreciation * 123,000 - 123,000 0.00% 1,424,350 - 1,424,350 0.00% -
<br /> - -0.00% 433,750 - 433,750 0.00%
<br /> 1,068,500 253,128 2,692,000 284,011 1,369,900 355,162 924,550 94,809
<br /> Total operating expenses 815,372 23.69% 2,407,989 10.55% 1,014,738 25.93% 829,741 10.25%
<br /> 909,900 663,657 (828,700) 179,421 (43,400) (22,466) (504,550) 17,399
<br />Operating income (loss) 246,243 72.94% (1,008,121)-21.65% (20,934)51.76% (521,949)-3.45%
<br />Nonoperating revenues (expenses):
<br />
<br /> Interest income 25,000 8,288 16,712 33.15% 80,000 17,675 62,325 22.09% 6,250 1,506
<br /> 4,74424.10% 1,500 529 97135.27%
<br /> Grant revenue - - -0.00% 800,000 187,020 612,980 23.38% -
<br /> - -0.00% - - -0.00%
<br /> Interest expense - - -0.00% (272,400) (23,033) (249,367)8.46% -
<br /> - -0.00% - - -0.00%
<br /> 25,000 8,288 607,600 181,662 6,250 1,506 1,500 529
<br /> Total nonoperating revenues (expenses) 16,712 33.15% 425,938 29.90% 4,74424.10% 97135.27%
<br />Income (loss) before contributions and transfers 934,900 671,945 262,955 71.87% (221,100) 361,083 (582,183)-163.31% (37,150)
<br /> (20,960) (16,190)56.42% (503,050) 17,928 (520,978)-3.56%
<br />Contributions - connection fees - - -0.00% 492,700 79,325 413,375 16.10%
<br /> - - -0.00% 51,500 5,506 45,994 10.69%
<br />Transfers in - - -0.00% - - -0.00% 36,600
<br /> - 36,600 0.00% - - -0.00%
<br />Transfers out (718,950) - (718,950)0.00% (100,000) - (100,000)0.00% (45,000) -
<br /> (45,000)0.00% - - -0.00%
<br />NET INCOME (LOSS) 215,950 671,945 (455,995)311.16% 171,600 440,408 (268,808)256.65% (45,550) (20,960) (24,590)46.02%
<br /> (451,550) 23,434 (474,984)-5.19%
<br />Items reclassified to balance sheet at year end:
<br /> Capital Outlay (5,012,000) (1,324,731) (3,687,269)26.43% (180,000) -
<br /> Bond Payment (400,000) (400,000) -100.00%
<br />Revenues over/(under) expenditures 215,950 671,945 (455,995) (5,240,400) (1,284,323) (3,956,077) (45,550) (20,960) (24,590)
<br /> (631,550) 23,434 (474,984)
<br /> * Recorded ar yearend
<br />
|