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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 7,214,750$ 500,463$ 6,714,287$ 6.94%
<br /> Cost of sales (5,119,200) (94,164) (5,025,036) 1.84%
<br /> Gross profit 2,095,550 406,299 1,689,251 19.39%
<br />Operating revenues:
<br /> User charges - - - 0.00%2,150,000$ -$ 2,150,000$ 0.00%1,644,000$ 50$ 1,643,950$ 0.00%502,000$ -$ 502,000$ 0.00%
<br /> Delinquency collections - - - 0.00%500 - 500 0.00%3,000 - 3,000 0.00%- - - 0.00%
<br /> Other 2,700 - 2,700 0.00%105,000 - 105,000 0.00%1,000 155 845 0.00%- - - 0.00%
<br /> Total operating revenues 2,700 - 2,700 0.00%2,255,500 - 2,255,500 0.00%1,648,000 205 1,647,795 0.01%502,000 - 502,000 0.00%
<br />Operating expenses:
<br /> Personal services 794,950 47,587 747,363 5.99%697,250 40,575 656,675 5.82%26,500 1,455 25,045 5.49%92,000 5,086 86,914 5.53%
<br /> Supplies 20,000 816 19,184 4.08%211,400 2,190 209,210 1.04%18,400 - 18,400 0.00%3,000 - 3,000 0.00%
<br /> Other service charges 260,700 16,756 243,944 6.43%681,150 30,991 650,159 4.55%1,553,850 6,695 1,547,155 0.43%605,350 - 605,350 0.00%
<br /> Depreciation *121,000 - 121,000 0.00%1,575,000 - 1,575,000 0.00%- - - 0.00%455,000 - 455,000 0.00%
<br /> Total operating expenses 1,196,650 65,159 1,131,491 5.45%3,164,800 73,756 3,091,044 2.33%1,598,750 8,150 1,590,600 0.51%1,155,350 5,086 1,150,264 0.44%
<br />Operating income (loss)901,600 341,140 560,460 37.84%(909,300) (73,756) (835,544) 8.11%49,250 (7,945) 57,195 -16.13%(653,350) (5,086) (648,264) 0.78%
<br />Nonoperating revenues (expenses):
<br /> Interest income 60,000 - 60,000 0.00%70,000 - 70,000 0.00%5,500 - 5,500 0.00%5,000 - 5,000 0.00%
<br /> Interest expense - - - 0.00%(247,800) - (247,800) 0.00%- - - 0.00%- - - 0.00%
<br /> Total nonoperating revenues (expenses)60,000 - 60,000 0.00%(177,800) - (177,800) 0.00%5,500 - 5,500 0.00%5,000 - 5,000 0.00%
<br />Income (loss) before contributions and transfers 961,600 341,140 620,460 35.48%(1,087,100) (73,756) (1,013,344) 6.78%54,750 (7,945) 62,695 -14.51%(648,350) (5,086) (643,264) 0.78%
<br />Contributions - connection fees - - - 0.00%500,000 25,280 474,720 5.06%- - - 0.00%30,000 - 30,000 0.00%
<br />Transfers out (700,000) - (700,000) 0.00%(150,000) - (150,000) 0.00%(48,000) - (48,000) 0.00%(15,000) - (15,000) 0.00%
<br />NET INCOME (LOSS)261,600 341,140 (79,540) 130.41%(737,100) (48,476) (688,624) 6.58%6,750 (7,945) 14,695 -117.70%(633,350) (5,086) (628,264) 0.80%
<br />Items reclassified to balance sheet at year end:
<br /> Capital Outlay (100,000) (58,000) - (58,000) 0.00%(170,000)
<br /> Bond Payment (420,000) - (420,000) 0.00%
<br />Revenues over/(under) expenditures 161,600 341,140 (179,540) (1,215,100) (48,476) (1,166,624) 6,750 (7,945) 14,695 (803,350) (5,086) (628,264) 0.63%
<br /> * Recorded at yearend
<br />Stormwater
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED JANUARY 31, 2019
<br />Liquor Sewer Garbage
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