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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 7,004,150$ 1,455,206$ 5,548,944$ 20.78%
<br /> Cost of sales (5,008,100) (718,795) (4,289,305) 14.35%
<br /> Gross profit 1,996,050 736,411 1,259,639 36.89%
<br />Operating revenues:
<br /> User charges - - - 0.00%1,915,000$ 317,030$ 1,597,970$ 16.56%1,366,000$ 222,208$ 1,143,792$ 16.27%445,000$ 76,026$ 368,974$ 17.08%
<br /> Delinquency collections - - - 0.00%2,000 - 2,000 0.00%10,500 - 10,500 0.00%- - - 0.00%
<br /> Other 1,700 1,300 400 76.47%2,000 - 2,000 0.00%2,500 196 2,304 7.84%- - - 0.00%
<br /> Total operating revenues 1,700 1,300 400 76.47%1,919,000 317,030 1,601,970 16.52%1,379,000 222,404 1,156,596 16.13%445,000 76,026 368,974 17.08%
<br />Operating expenses:
<br /> Personal services 663,300 147,275 516,025 22.20%555,800 121,183 434,617 21.80%24,450 4,011 20,439 16.40%86,000 16,642 69,358 19.35%
<br /> Supplies 20,700 2,640 18,060 12.75%206,800 13,079 193,721 6.32%21,400 54 21,346 0.25%2,000 - 2,000 0.00%
<br /> Other service charges 241,500 38,321 203,179 15.87%552,000 109,103 442,897 19.77%1,457,200 231,052 1,226,148 15.86%458,200 206,475 251,725 45.06%
<br /> Depreciation *125,000 - 125,000 0.00%1,425,000 - 1,425,000 0.00%- - - 0.00%448,000 - 448,000 0.00%
<br /> Total operating expenses 1,050,500 188,236 862,264 17.92%2,739,600 243,365 2,496,235 8.88%1,503,050 235,117 1,267,933 15.64%994,200 223,117 771,083 22.44%
<br />Operating income (loss)947,250 549,475 397,775 58.01%(820,600) 73,665 (894,265) -8.98%(124,050) (12,713) (111,337) 10.25%(549,200) (147,091) (402,109) 26.78%
<br />Nonoperating revenues (expenses):
<br /> Interest income 35,000 13,814 21,186 39.47%80,000 13,990 66,010 17.49%8,000 1,169 6,831 14.61%4,000 1,808 2,192 45.20%
<br /> Grant revenue - - - 0.00%- 40,887 (40,887) 0.00%- - - 0.00%- - - 0.00%
<br /> Interest expense - - - 0.00%(264,350) (22,368) (241,982) 8.46%- - - 0.00%- - - 0.00%
<br /> Total nonoperating revenues (expenses)35,000 13,814 21,186 39.47%(184,350) 32,509 (216,859) -17.63%8,000 1,169 6,831 14.61%4,000 1,808 2,192 45.20%
<br />Income (loss) before contributions and transfers 982,250 563,289 418,961 57.35%(1,004,950) 106,174 (1,111,124) -10.57%(116,050) (11,544) (104,506) 9.95%(545,200) (145,283) (399,917) 26.65%
<br />Contributions - connection fees - - - 0.00%500,000 349,330 150,670 69.87%- - - 0.00%53,000 27,837 25,163 52.52%
<br />Transfers in - - - 0.00%- - - 0.00%44,600 - 44,600 0.00%- - - 0.00%
<br />Transfers out (762,850) - (762,850) 0.00%(125,000) - (125,000) 0.00%(46,150) - (46,150) 0.00%(15,000) - (15,000) 0.00%
<br />NET INCOME (LOSS)219,400 563,289 (343,889) 256.74%(629,950) 455,504 (1,085,454) -72.31%(117,600) (11,544) (106,056) 9.82%(507,200) (117,446) (389,754) 23.16%
<br />Items reclassified to balance sheet at year end:
<br /> Capital Outlay (100,500) (352,528) 252,028 350.77%(150,000) - (150,000) 0.00%
<br /> Bond Payment (405,000) (405,000) - 100.00%
<br />Revenues over/(under) expenditures 219,400 563,289 (343,889) (1,135,450) (302,024) (833,426) (117,600) (11,544) (106,056) (657,200) (117,446) (539,754) 17.87%
<br /> * Recorded at yearend
<br />Stormwater
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED MARCH 31, 2017
<br />Liquor Sewer Garbage
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