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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$ 6,440,694$ 660,606$ 90.70%
<br /> Cost of sales (5,059,100) (4,309,106) (749,994) 85.18%
<br /> Gross profit 2,042,200 2,131,588 (89,388) 104.38%
<br />Operating revenues:
<br /> User charges - - - 0.00%2,020,000$ 1,765,730$ 254,270$ 87.41%1,550,000$ 1,292,940$ 257,060$ 83.42%468,000$ 404,020$ 63,980$ 86.33%
<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%100,000 191,552 (91,552) 191.55%1,500 493 1,007 0.00%- - - 0.00%
<br /> Total operating revenues 1,700 1,522 178 89.53%2,122,000 1,957,636 164,364 92.25%1,559,500 1,294,709 264,791 83.02%468,000 404,244 63,756 86.38%
<br />Operating expenses:
<br /> Personal services 729,050 668,476 60,574 91.69%640,500 524,530 115,970 81.89%23,400 21,492 1,908 91.85%84,100 75,706 8,394 90.02%
<br /> Supplies 20,400 13,971 6,429 68.49%195,000 212,438 (17,438) 108.94%21,400 15,953 5,447 74.55%2,000 133 1,867 6.65%
<br /> Other service charges 259,550 238,180 21,370 91.77%626,950 530,495 96,455 84.62%1,553,650 1,293,399 260,251 83.25%187,050 40,281 146,769 21.53%
<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 1,134,000 920,627 213,373 81.18%2,887,450 1,267,463 1,619,987 43.90%1,598,450 1,330,844 267,606 83.26%721,150 116,120 605,030 16.10%
<br />Operating income (loss)909,900 1,212,483 (302,583) 133.25%(765,450) 690,173 (1,455,623) -90.17%(38,950) (36,135) (2,815) 92.77%(253,150) 288,124 (541,274) -113.82%
<br />Nonoperating revenues (expenses):
<br /> Interest income 35,000 63,710 (28,710) 182.03%80,000 61,474 18,526 76.84%8,000 3,650 4,350 45.63%5,000 9,678 (4,678) 193.56%
<br /> Interest expense - - - 0.00%(256,150) (148,195) (107,955) 57.85%- - - 0.00%- - - 0.00%
<br /> Total nonoperating revenues (expenses)35,000 63,710 (28,710) 182.03%(176,150) (86,721) (89,429) 49.23%8,000 3,650 4,350 45.63%5,000 9,678 (4,678) 193.56%
<br />Income (loss) before contributions and transfers 944,900 1,276,193 (331,293) 135.06%(941,600) 603,452 (1,545,052) -64.09%(30,950) (32,485) 1,535 104.96%(248,150) 297,802 (545,952) -120.01%
<br />Contributions - connection fees - - - 0.00%500,000 1,108,001 (608,001) 221.60%- - - 0.00%27,000 35,408 (8,408) 131.14%
<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)202,900 587,019 (384,119) 289.31%(591,600) 1,561,453 (2,153,053) -263.94%(32,700) (79,235) 46,535 242.31%(256,150) 298,210 (554,360) -116.42%
<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 202,900 587,019 (384,119) (1,372,850) 897,459 (2,270,309) (32,700) (79,235) 46,535 (256,150) 298,210 (554,360) -116.42%
<br /> * Recorded at yearend
<br />Stormwater
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED NOVEMBER 30, 2018
<br />Liquor Sewer Garbage
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