|
<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$ 6,280,399$ 76.96%
<br /> Cost of sales (6,028,000) (4,242,374) 70.38%
<br /> Gross profit 2,133,000 2,038,024 95.55%
<br />Operating revenues:
<br /> User charges - - - 2,630,000$ 1,846,876$ 70.22%2,009,800$ 1,305,771$ 64.97%630,000$ 448,589$ 71.20%
<br /> Delinquency collections - - - 1,000 1,026 102.61%- 1,207 - - 82 -
<br /> Other 9,000 3,040 33.78%180,000 119,993 66.66%- - - - - -
<br /> Total operating revenues 9,000 3,040 33.78%2,811,000 1,967,895 70.01%2,009,800 1,306,978 65.03%630,000 448,671 71.22%
<br />Operating expenses:
<br /> Personal services 1,070,500 861,671 80.49%863,500 584,351 67.67%45,550 34,050 74.75%- - -
<br /> Supplies 28,100 27,976 99.56%324,600 175,555 54.08%23,400 1,880 8.03%1,000 315 31.54%
<br /> Other service charges 355,950 281,255 79.02%972,410 920,843 94.70%1,773,250 1,127,300 63.57%453,600 60,347 13.30%
<br /> Depreciation *100,000 - 0.00%1,705,000 - 0.00%- - - 495,000 - 0.00%
<br /> Total operating expenses 1,554,550 1,170,902 75.32%3,865,510 1,680,749 43.48%1,842,200 1,163,230 63.14%949,600 60,663 6.39%
<br />Operating income (loss)587,450 870,162 148.13%(1,054,510) 287,146 -27.23%167,600 143,748 85.77%(319,600) 388,009 -121.40%
<br />Nonoperating revenues (expenses):
<br /> Interest income 125,000 75,523 60.42%125,000 192,353 153.88%8,000 19,130 239.12%25,000 44,791 179.16%
<br /> Interest expense/agent fees - - - (82,800) (82,735) 99.92%- - - - - -
<br /> Total nonoperating revenues (expenses)125,000 75,523 60.42%42,200 109,618 259.76%8,000 19,130 239.12%25,000 44,791 179.16%
<br />Income (loss) before contributions & transfers 712,450 945,686 132.74%(1,012,310) 396,764 -39.19%175,600 162,878 92.76%(294,600) 432,800 -146.91%
<br />Contributions - connection fees - - - 1,000,000 499,807 49.98%- - - - - -
<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) (1,250,000) 100.00%(175,000) (175,000) 100.00%(58,000) (58,000) 100.00%(175,000) (175,000) 100.00%
<br />NET INCOME (LOSS)(537,550) (304,314) 56.61%(187,310) 1,073,271 -572.99%117,600 104,878 89.18%(469,600) 257,800 -54.90%
<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) (304,314) (880,310) 133,990 117,600 104,878 (469,600) 257,800
<br /> * Recorded at year-end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED SPTEMBER 30, 2024
<br />Liquor Sewer Garbage Stormwater
<br />Page 290 of 294
|