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<br />
<br />Current
<br /> Budget
<br />
<br /> Year to Date
<br />Actual
<br /> Budget
<br />Variance
<br /> % of
<br /> Budget
<br />
<br /> Current
<br /> Budget
<br />
<br /> Year to Date
<br />Actual
<br /> Budget
<br />Variance
<br /> % of
<br /> Budget
<br />
<br /> Current
<br /> Budget
<br />
<br /> Year to Date
<br />Actual
<br /> Budget
<br />Variance
<br /> % of
<br /> Budget
<br />
<br /> Current
<br /> Budget
<br />
<br /> Year to Date
<br />Actual
<br /> Budget
<br />Variance
<br /> % of
<br /> Budget
<br />Sales and cost of sales:
<br /> Sales 6,934,000$ 6,246,370$ 687,630$ 90.08%
<br /> Cost of sales (4,957,300) (4,225,768) (731,532) 85.24%
<br /> Gross profit 1,976,700 2,020,602 (43,902) 102.22%
<br />Operating revenues:
<br /> User charges -$ -$ -$ 0.00%1,860,000$ 1,590,349$ 269,651$ 85.50%1,310,000$ 1,117,458$ 192,542$ 85.30%420,000$ 376,031$ 43,969$ 89.53%
<br /> Delinquency collections - - - 0.00%1,300 1,479 (179) 113.77%13,000 4,584 8,416 35.26%- 544 (544) 0.00%
<br /> Other 1,700 1,947 (247) 114.53%2,000 - 2,000 0.00%3,500 1,407 2,093 40.20%- 11 (11) 0.00%
<br /> Total operating revenues 1,700 1,947 (247) 114.53%1,863,300 1,591,828 271,472 85.43%1,326,500 1,123,449 203,051 84.69%420,000 376,586 43,414 89.66%
<br />Operating expenses:
<br /> Personal services 659,850 572,658 87,192 86.79%532,650 461,954 70,696 86.73%22,900 19,751 3,149 86.25%80,650 70,021 10,629 86.82%
<br /> Supplies 53,700 15,955 37,745 29.71%217,800 70,076 147,724 32.17%6,300 2,046 4,254 32.48%7,000 6,149 851 87.84%
<br /> Other service charges 231,950 216,015 15,935 93.13%517,200 437,228 79,972 84.54%1,340,700 1,206,713 133,987 90.01%403,150 91,700 311,450 22.75%
<br /> Depreciation *123,000 - 123,000 0.00%1,424,350 - 1,424,350 0.00%- - - 0.00%433,750 - 433,750 0.00%
<br /> Total operating expenses 1,068,500 804,628 263,872 75.30%2,692,000 969,258 1,722,742 36.01%1,369,900 1,228,510 141,390 89.68%924,550 167,870 756,680 18.16%
<br />Operating income (loss)909,900 1,217,921 (308,021) 133.85%(828,700) 622,570 (1,451,270) -75.13%(43,400) (105,061) 61,661 242.08%(504,550) 208,716 (713,266) -41.37%
<br />Nonoperating revenues (expenses):
<br /> Interest income 25,000 40,863 (15,863) 163.45%80,000 72,651 7,349 90.81%6,250 6,545 (295) 104.72%1,500 3,659 (2,159) 243.93%
<br /> Grant revenue - - - 0.00%800,000 425,934 374,066 53.24%- - - 0.00%- - - 0.00%
<br /> Interest expense - - - 0.00%(272,400) (157,686) (114,714) 57.89%- - - 0.00%- - - 0.00%
<br /> Total nonoperating revenues (expenses)25,000 40,863 (15,863) 163.45%607,600 340,899 266,701 56.11%6,250 6,545 (295) 104.72%1,500 3,659 (2,159) 243.93%
<br />Income (loss) before contributions and transfers 934,900 1,258,784 (323,884) 134.64%(221,100) 963,469 (1,184,569) -435.76%(37,150) (98,516) 61,366 265.18%(503,050) 212,375 (715,425) -42.22%
<br />Contributions - connection fees - - - 0.00%492,700 488,082 4,618 99.06%- - - 0.00%51,500 12,362 39,138 24.00%
<br />Sale of assets - - - 0.00%- 36,500 (36,500) 0.00%- - - 0.00%- - - 0.00%
<br />Transfers in - - - 0.00%- - - 0.00%36,600 - 36,600 0.00%- - - 0.00%
<br />Transfers out (718,950) (704,567) (14,383) 98.00%(100,000) (100,000) - 100.00%(45,000) (45,000) - 100.00%(5,000) (5,000) - 100.00%
<br />NET INCOME (LOSS)215,950 554,217 (338,267) 256.64%171,600 1,388,051 (1,216,451) 808.89%(45,550) (143,516) 97,966 315.07%(456,550) 219,737 (676,287) -48.13%
<br />Items reclassified to balance sheet at year end:
<br /> Capital Outlay (5,012,000) (3,479,903) (1,532,097) 69.43%
<br /> Bond Payment (400,000) (400,000) - 100.00%
<br />Revenues over/(under) expenditures 215,950 554,217 (338,267) (5,240,400) (2,491,852) (2,748,548) (45,550) (143,516) 97,966 (456,550) 219,737 (676,287)
<br /> * Recorded at yearend
<br />Stormwater
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED NOVEMBER 30, 2016
<br />Liquor Sewer Garbage
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