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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 7,670,500$ 1,210,270$ 15.78%
<br /> Cost of sales (5,403,500) (585,871) 10.84%
<br /> Gross profit 2,267,000 624,399 27.54%
<br />Operating revenues:
<br /> User charges - - - 2,350,000$ 192,077$ 8.17%1,735,000$ 141,777$ 8.17%575,000$ 47,700$ 8.30%
<br /> Delinquency collections - - - 500 - 0.00%- - - - - -
<br /> Other 4,800 1,234 25.71%120,000 10,071 8.39%- - - - - -
<br /> Total operating revenues 4,800 1,234 25.71%2,470,500 202,148 8.18%1,735,000 141,777 8.17%575,000 47,700 8.30%
<br />Operating expenses:
<br /> Personal services 971,550 124,860 12.85%743,800 90,908 12.22%32,550 4,028 12.37%- - -
<br /> Supplies 19,600 2,742 13.99%260,100 40,848 15.70%19,400 - 0.00%1,000 420 42.00%
<br /> Other service charges 306,500 27,714 9.04%700,400 61,470 8.78%1,483,900 125,887 8.48%522,900 - 0.00%
<br /> Depreciation *124,000 - 0.00%1,646,000 - 0.00%- - - 458,000 - 0.00%
<br /> Total operating expenses 1,421,650 155,315 10.93%3,350,300 193,226 5.77%1,535,850 129,915 8.46%981,900 420 0.04%
<br />Operating income (loss)850,150 470,318 55.32%(879,800) 8,922 -1.01%199,150 11,862 5.96%(406,900) 47,280 -11.62%
<br />Nonoperating revenues (expenses):
<br /> Interest income 50,000 5,158 10.32%50,000 6,847 13.69%3,000 456 15.20%5,000 1,258 25.16%
<br /> Interest expense - - - (231,100) (19,584) 8.47%- - - - - -
<br /> Total nonoperating revenues (expenses)50,000 5,158 10.32%(181,100) (12,736) 7.03%3,000 456 15.20%5,000 1,258 25.16%
<br />Income (loss) before contributions & transfers 900,150 475,475 52.82%(1,060,900) (3,814) 0.36%202,150 12,318 6.09%(401,900) 48,539 -12.08%
<br />Contributions - connection fees - - - 100,000 299,945 299.94%- - - - - -
<br />Sale of assets - - 0.00%- - 0.00%- - 0.00%- - 0.00%
<br />Transfers in - - 0.00%- - 0.00%- - 0.00%- - 0.00%
<br />Transfers out (750,000) - 0.00%(160,000) - 0.00%(52,000) - 0.00%(121,000) - 0.00%
<br />NET INCOME (LOSS)150,150 475,475 316.67%(1,120,900) 296,131 -26.42%150,150 12,318 8.20%(522,900) 48,539 -9.28%
<br />Items reclassified to balance sheet at year end:
<br /> Capital Outlay (20,000) (9,000) - (135,000) - - -
<br /> Bond Payment - - - (440,000) (440,000) - - - - - - -
<br />Revenues over/(under) expenditures 130,150 466,475 (1,695,900) (143,869) 150,150 12,318 (522,900) 48,539
<br /> * Recorded at yearend
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED FEBRUARY, 2021
<br />Liquor Sewer Garbage Stormwater
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