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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 8,640,000$ 598,488$ 6.93%
<br /> Cost of sales (6,235,750) (372,540) 5.97%
<br /> Gross profit 2,404,250 225,948 9.40%
<br />Operating revenues:
<br /> User charges - - - 2,745,000$ 232,326$ 8.46%2,070,000$ 164,444$ 7.94%675,000$ 56,712$ 8.40%
<br /> Delinquency collections - - - 1,500 - 0.00%- - - - - -
<br /> Other 9,000 185 2.06%195,000 - 0.00%- - - - - -
<br /> Total operating revenues 9,000 185 2.06%2,941,500 232,326 7.90%2,070,000 164,444 7.94%675,000 56,712 8.40%
<br />Operating expenses:
<br /> Personal services 1,268,300 127,751 10.07%901,300 92,096 10.22%29,900 - 0.00%- - -
<br /> Supplies 31,500 1,093 3.47%334,900 9,522 2.84%23,250 - 0.00%1,000 - 0.00%
<br /> Other service charges 397,650 2,196 0.55%2,717,350 8,333 0.31%1,844,550 23,866 1.29%302,950 1,440 0.48%
<br /> Depreciation *70,000 - 0.00%1,705,000 - 0.00%- - - 500,000 - 0.00%
<br /> Total operating expenses 1,767,450 131,040 7.41%5,658,550 109,951 1.94%1,897,700 23,866 1.26%803,950 1,440 0.18%
<br />Operating income (loss)645,800 95,093 14.72%(2,717,050) 122,375 -4.50%172,300 140,578 81.59%(128,950) 55,272 -42.86%
<br />Nonoperating revenues (expenses):
<br /> Interest income 135,000 - 0.00%135,000 - 0.00%10,000 - 0.00%30,000 - 0.00%
<br /> Interest expense/agent fees - - - (77,000) (39,818) 51.71%- - - - - -
<br /> Total nonoperating revenues (expenses)135,000 - 0.00%58,000 (39,818) -68.65%10,000 - 0.00%30,000 - 0.00%
<br />Income (loss) before contributions & transfers 780,800 95,093 12.18%(2,659,050) 82,557 -3.10%182,300 140,578 77.11%(98,950) 55,272 -55.86%
<br />Contributions - connection fees - - - 1,000,000 275,173 27.52%- - - - - -
<br />Transfers in (ARPA funds)- - 0.00%
<br />Sale of assets - - 0.00%- - 0.00%- - 0.00%- - 0.00%
<br />Transfers out (1,100,000) - 0.00%(175,000) - 0.00%(60,000) - 0.00%(125,000) - 0.00%
<br />NET INCOME (LOSS)(319,200) 95,093 -29.79%(1,834,050) 357,730 -19.50%122,300 140,578 114.95%(223,950) 55,272 -24.68%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - -
<br /> Capital Outlay (91,000) - - (343,000) - - - - - (150,000) - -
<br /> Bond Payment (Payoff 2014B Refunded Debt)- - - (530,000) (530,000) - - - - - - -
<br />Revenues over/(under) expenditures (410,200) 95,093 (2,707,050) (172,270) 122,300 140,578 (373,950) 55,272
<br /> * Recorded at year-end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED JANUARY 31, 2025
<br />Liquor Sewer Garbage Stormwater
<br />Page 227 of 227
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