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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 7,101,300$ 5,218,705$ 1,882,595$ 73.49%
<br /> Cost of sales (5,059,100) (3,437,088) (1,622,012) 67.94%
<br /> Gross profit 2,042,200 1,781,617 260,583 87.24%
<br />Operating revenues:
<br /> User charges - - - 0.00%2,020,000$ 1,411,141$ 608,859$ 69.86%1,550,000$ 1,031,999$ 518,001$ 66.58%468,000$ 322,513$ 145,487$ 68.91%
<br /> Delinquency collections - - - 0.00%2,000 354 1,646 17.70%8,000 1,276 6,724 15.95%- 224 (224) 0.00%
<br /> Other 1,700 1,522 178 89.53%100,000 165,909 (65,909) 165.91%1,500 480 1,020 0.00%- - - 0.00%
<br /> Total operating revenues 1,700 1,522 178 89.53%2,122,000 1,577,404 544,596 74.34%1,559,500 1,033,755 525,745 66.29%468,000 322,737 145,263 68.96%
<br />Operating expenses:
<br /> Personal services 729,050 523,958 205,092 71.87%640,500 417,287 223,213 65.15%23,400 16,721 6,679 71.46%84,100 59,142 24,958 70.32%
<br /> Supplies 20,400 9,411 10,989 46.13%195,000 177,598 17,402 91.08%21,400 15,791 5,609 73.79%2,000 130 1,870 6.50%
<br /> Other service charges 259,550 183,354 76,196 70.64%626,950 453,317 173,633 72.31%1,553,650 1,024,897 528,753 65.97%187,050 37,745 149,305 20.18%
<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 1,134,000 716,723 417,277 63.20%2,887,450 1,048,202 1,839,248 36.30%1,598,450 1,057,409 541,041 66.15%721,150 97,017 624,133 13.45%
<br />Operating income (loss)909,900 1,066,416 (156,516) 117.20%(765,450) 529,202 (1,294,652) -69.14%(38,950) (23,654) (15,296) 60.73%(253,150) 225,720 (478,870) -89.16%
<br />Nonoperating revenues (expenses):
<br /> Interest income 35,000 58,779 (23,779) 167.94%80,000 56,248 23,752 70.31%8,000 3,430 4,570 42.88%5,000 8,768 (3,768) 175.36%
<br /> Interest expense - - - 0.00%(256,150) (148,195) (107,955) 57.85%- - - 0.00%- - - 0.00%
<br /> Total nonoperating revenues (expenses)35,000 58,779 (23,779) 167.94%(176,150) (91,947) (84,203) 52.20%8,000 3,430 4,570 42.88%5,000 8,768 (3,768) 175.36%
<br />Income (loss) before contributions and transfers 944,900 1,125,195 (180,295) 119.08%(941,600) 437,255 (1,378,855) -46.44%(30,950) (20,224) (10,726) 65.34%(248,150) 234,488 (482,638) -94.49%
<br />Contributions - connection fees - - - 0.00%500,000 917,241 (417,241) 183.45%- - - 0.00%27,000 34,688 (7,688) 128.47%
<br />Transfers in - - - 0.00%- - - 0.00%45,000 - 45,000 0.00%- - - 0.00%
<br />Transfers out (742,000) (689,174) (52,826) 92.88%(150,000) (150,000) - 100.00%(46,750) (46,750) - 100.00%(35,000) (35,000) - 100.00%
<br />NET INCOME (LOSS)202,900 436,021 (233,121) 214.89%(591,600) 1,204,496 (1,796,096) -203.60%(32,700) (66,974) 34,274 204.81%(256,150) 234,176 (490,326) -91.42%
<br />Items reclassified to balance sheet at year end:
<br /> Capital Outlay (366,250) (248,994) (117,256) 67.98%
<br /> Bond Payment (415,000) (415,000) - 100.00%
<br />Revenues over/(under) expenditures 202,900 436,021 (233,121) (1,372,850) 540,502 (1,913,352) (32,700) (66,974) 34,274 (256,150) 234,176 (490,326) -91.42%
<br /> * Recorded at yearend
<br />Stormwater
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED SEPTEMBER 30, 2018
<br />Liquor Sewer Garbage
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