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<br />
<br />Current
<br /> Budget
<br />
<br /> Year to Date
<br />Actual
<br /> % of
<br /> Budget
<br />
<br /> Current
<br /> Budget
<br />
<br /> Year to Date
<br />Actual
<br /> % of
<br /> Budget
<br />
<br /> Current
<br /> Budget
<br />
<br /> Year to Date
<br />Actual
<br /> % of
<br /> Budget
<br />
<br /> Current
<br /> Budget
<br />
<br /> Year to Date
<br />Actual
<br /> % of
<br /> Budget
<br />Sales and cost of sales:
<br /> Sales 7,441,000$ 1,986,029$ 26.69%
<br /> Cost of sales (5,280,000) (1,313,181) 24.87%
<br /> Gross profit 2,161,000 672,848 31.14%
<br />Operating revenues:
<br /> User charges - - - 2,230,000$ 566,985$ 25.43%1,666,000$ 413,214$ 24.80%550,000$ 137,575$ 25.01%
<br /> Delinquency collections - - - 500 110 22.00%2,000 - 0.00%- - -
<br /> Other 4,900 600 12.24%120,000 46,970 39.14%- - - - - -
<br /> Total operating revenues 4,900 600 12.24%2,350,500 614,065 26.12%1,668,000 413,214 24.77%550,000 137,575 25.01%
<br />Operating expenses:
<br /> Personal services 902,050 260,191 28.84%723,700 190,474 26.32%28,350 8,625 30.42%98,400 27,412 27.86%
<br /> Supplies 18,200 11,431 62.81%221,000 59,297 26.83%19,400 1,476 7.61%2,300 - 0.00%
<br /> Other service charges 268,000 55,380 20.66%668,200 173,771 26.01%1,483,400 337,050 22.72%482,900 8,984 1.86%
<br /> Depreciation *123,000 - 0.00%1,641,000 - 0.00%- - - 458,000 - 0.00%
<br /> Total operating expenses 1,311,250 327,002 24.94%3,253,900 423,542 13.02%1,531,150 347,151 22.67%1,041,600 36,396 3.49%
<br />Operating income (loss)854,650 346,446 40.54%(903,400) 190,523 -21.09%136,850 66,063 48.27%(491,600) 101,179 -20.58%
<br />Nonoperating revenues (expenses):
<br /> Interest income 60,000 26,215 43.69%50,000 28,505 57.01%4,000 2,098 52.44%3,000 4,497 149.90%
<br /> Interest expense - - - (239,300) (20,300) 8.48%- - - - - -
<br /> Total nonoperating revenues (expenses)60,000 26,215 43.69%(189,300) 8,205 -4.33%4,000 2,098 52.44%3,000 4,497 149.90%
<br />Income (loss) before contributions & transfers 914,650 372,661 40.74%(1,092,700) 198,728 -18.19%140,850 68,161 48.39%(488,600) 105,676 -21.63%
<br />Contributions - connection fees - - - 100,000 107,145 107.15%- - - - - -
<br />Transfers out (700,000) - 0.00%(155,000) - 0.00%(50,000) - 0.00%(15,500) - 0.00%
<br />NET INCOME (LOSS)214,650 372,661 173.61%(1,147,700) 305,873 -26.65%90,850 68,161 75.03%(504,100) 105,676 -20.96%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Payment - - - (430,000) (430,000) - - - - - - -
<br />Revenues over/(under) expenditures 214,650 372,661 (1,577,700) (124,127) 90,850 68,161 (504,100) 105,676
<br /> * Recorded at yearend
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED APRIL, 2020
<br />Liquor Sewer Garbage Stormwater
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