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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 8,161,000$ 4,800,135$ 58.82%
<br /> Cost of sales (6,028,000) (3,128,981) 51.91%
<br /> Gross profit 2,133,000 1,671,154 78.35%
<br />Operating revenues:
<br /> User charges - - - 2,630,000$ 1,380,133$ 52.48%2,009,800$ 975,939$ 48.56%630,000$ 335,587$ 53.27%
<br /> Delinquency collections - - - 1,000 1,026 102.61%- 1,207 - - 82 -
<br /> Other 9,000 2,520 28.00%180,000 89,972 49.98%- - - - - -
<br /> Total operating revenues 9,000 2,520 28.00%2,811,000 1,471,131 52.33%2,009,800 977,146 48.62%630,000 335,669 53.28%
<br />Operating expenses:
<br /> Personal services 1,070,500 647,406 60.48%863,500 433,837 50.24%45,550 25,374 55.71%- - -
<br /> Supplies 28,100 21,487 76.47%324,600 121,736 37.50%23,400 1,328 5.68%1,000 315 31.54%
<br /> Other service charges 355,950 197,972 55.62%972,410 753,321 77.47%1,773,250 832,749 46.96%453,600 58,013 12.79%
<br /> Depreciation *100,000 - 0.00%1,705,000 - 0.00%- - - 495,000 - 0.00%
<br /> Total operating expenses 1,554,550 866,866 55.76%3,865,510 1,308,894 33.86%1,842,200 859,451 46.65%949,600 58,328 6.14%
<br />Operating income (loss)587,450 806,809 137.34%(1,054,510) 162,237 -15.39%167,600 117,695 70.22%(319,600) 277,341 -86.78%
<br />Nonoperating revenues (expenses):
<br /> Interest income 125,000 59,275 47.42%125,000 144,102 115.28%8,000 14,216 177.70%25,000 33,255 133.02%
<br /> Interest expense/agent fees - - - (82,800) (42,918) 51.83%- - - - - -
<br /> Total nonoperating revenues (expenses)125,000 59,275 47.42%42,200 101,184 239.77%8,000 14,216 177.70%25,000 33,255 133.02%
<br />Income (loss) before contributions & transfers 712,450 866,084 121.56%(1,012,310) 263,421 -26.02%175,600 131,911 75.12%(294,600) 310,595 -105.43%
<br />Contributions - connection fees - - - 1,000,000 231,867 23.19%- - - - - -
<br />Transfers in (ARPA funds)- 350,000 0.00%
<br />Sale of assets - - 0.00%- 1,700 0.00%- - 0.00%- - 0.00%
<br />Transfers out (1,250,000) (1,000,000) 80.00%(175,000) (175,000) 100.00%(58,000) (58,000) 100.00%(175,000) (135,000) 77.14%
<br />NET INCOME (LOSS)(537,550) (133,916) 24.91%(187,310) 671,988 -358.76%117,600 73,911 62.85%(469,600) 175,595 -37.39%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - -
<br /> Capital Outlay (91,000) - - (173,000) (419,281) - - - - - - -
<br /> Bond Payment (Payoff 2014B Refunded Debt)- - - (520,000) (520,000) - - - - - - -
<br />Revenues over/(under) expenditures (628,550) (133,916) (880,310) (267,293) 117,600 73,911 (469,600) 175,595
<br /> * Recorded at year-end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED JULY 31, 2024
<br />Liquor Sewer Garbage Stormwater
<br />Page 326 of 327
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