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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$ 3,984,859$ 48.83%
<br /> Cost of sales (6,028,000) (2,579,026) 42.78%
<br /> Gross profit 2,133,000 1,405,833 65.91%
<br />Operating revenues:
<br /> User charges - - - 2,630,000$ 1,144,771$ 43.53%2,009,800$ 811,167$ 40.36%630,000$ 279,135$ 44.31%
<br /> Delinquency collections - - - 1,000 - 0.00%- 117 - - 19 -
<br /> Other 9,000 2,510 27.89%180,000 76,359 42.42%- - - - - -
<br /> Total operating revenues 9,000 2,510 27.89%2,811,000 1,221,130 43.44%2,009,800 811,284 40.37%630,000 279,154 44.31%
<br />Operating expenses:
<br /> Personal services 1,070,500 563,321 52.62%863,500 376,946 43.65%45,550 21,869 48.01%- - -
<br /> Supplies 28,100 20,406 72.62%324,600 111,229 34.27%23,400 1,328 5.68%1,000 315 31.54%
<br /> Other service charges 355,950 158,435 44.51%972,410 669,641 68.86%1,773,250 704,862 39.75%453,600 57,153 12.60%
<br /> Depreciation *100,000 - 0.00%1,705,000 - 0.00%- - - 495,000 - 0.00%
<br /> Total operating expenses 1,554,550 742,162 47.74%3,865,510 1,157,816 29.95%1,842,200 728,059 39.52%949,600 57,468 6.05%
<br />Operating income (loss)587,450 666,181 113.40%(1,054,510) 63,314 -6.00%167,600 83,225 49.66%(319,600) 221,685 -69.36%
<br />Nonoperating revenues (expenses):
<br /> Interest income 125,000 50,778 40.62%125,000 124,659 99.73%8,000 12,167 152.09%25,000 28,396 113.58%
<br /> Interest expense/agent fees - - - (82,800) (42,918) 51.83%- - - - - -
<br /> Total nonoperating revenues (expenses)125,000 50,778 40.62%42,200 81,742 193.70%8,000 12,167 152.09%25,000 28,396 113.58%
<br />Income (loss) before contributions & transfers 712,450 716,959 100.63%(1,012,310) 145,056 -14.33%175,600 95,392 54.32%(294,600) 250,081 -84.89%
<br />Contributions - connection fees - - - 1,000,000 107,826 10.78%- - - - - -
<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) - 0.00%(175,000) - 0.00%(58,000) - 0.00%(175,000) - 0.00%
<br />NET INCOME (LOSS)(537,550) 716,959 -133.38%(187,310) 604,581 -322.77%117,600 95,392 81.12%(469,600) 250,081 -53.25%
<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) 716,959 (880,310) (334,700) 117,600 95,392 (469,600) 250,081
<br /> * Recorded at year-end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED JUNE 30, 2024
<br />Liquor Sewer Garbage Stormwater
<br />Page 385 of 389
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