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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$ 4,079,366$ 54.82%
<br /> Cost of sales (5,280,000) (2,543,622) 48.17%
<br /> Gross profit 2,161,000 1,535,744 71.07%
<br />Operating revenues:
<br /> User charges - - - 2,230,000$ 1,141,703$ 51.20%1,666,000$ 835,505$ 50.15%550,000$ 279,683$ 50.85%
<br /> Delinquency collections - - - 500 110 22.00%2,000 648 32.40%- 148 -
<br /> Other 4,900 1,200 24.49%120,000 102,850 85.71%- - - - - -
<br /> Total operating revenues 4,900 1,200 24.49%2,350,500 1,244,663 52.95%1,668,000 836,153 50.13%550,000 279,831 50.88%
<br />Operating expenses:
<br /> Personal services 902,050 510,018 56.54%723,700 370,808 51.24%28,350 16,668 58.79%98,400 53,396 54.26%
<br /> Supplies 18,200 19,553 107.43%221,000 134,005 60.64%19,400 17,728 91.38%2,300 - 0.00%
<br /> Other service charges 268,000 187,878 70.10%668,200 343,203 51.36%1,483,400 734,817 49.54%482,900 17,118 3.54%
<br /> Depreciation *123,000 - 0.00%1,641,000 - 0.00%- - - 458,000 - 0.00%
<br /> Total operating expenses 1,311,250 717,449 54.71%3,253,900 848,016 26.06%1,531,150 769,213 50.24%1,041,600 70,514 6.77%
<br />Operating income (loss)854,650 819,495 95.89%(903,400) 396,647 -43.91%136,850 66,940 48.91%(491,600) 209,317 -42.58%
<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 914,650 845,710 92.46%(1,092,700) 404,852 -37.05%140,850 69,038 49.02%(488,600) 213,814 -43.76%
<br />Contributions - connection fees - - - 100,000 267,919 267.92%- - - - - -
<br />Transfers out (700,000) (755,147) 107.88%(155,000) (155,000) 100.00%(50,000) (50,000) 100.00%(15,500) (15,500) 100.00%
<br />NET INCOME (LOSS)214,650 90,563 42.19%(1,147,700) 517,771 -45.11%90,850 19,038 20.96%(504,100) 198,314 -39.34%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Payment - - - (430,000) (430,000) - - - - - - -
<br />Revenues over/(under) expenditures 214,650 90,563 (1,577,700) 87,771 90,850 19,038 (504,100) 198,314
<br /> * Recorded at yearend
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED JULY, 2020
<br />Liquor Sewer Garbage Stormwater
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