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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$ 1,837,714$ 21.27%
<br /> Cost of sales (6,235,750) (1,134,036) 18.19%
<br /> Gross profit 2,404,250 703,678 29.27%
<br />Operating revenues:
<br /> User charges - - - 2,745,000$ 482,308$ 17.57%2,070,000$ 327,956$ 15.84%675,000$ 113,446$ 16.81%
<br /> Delinquency collections - - - 1,500 - 0.00%- - - - - -
<br /> Other 9,000 1,277 14.19%195,000 13,837 7.10%- - - - - -
<br /> Total operating revenues 9,000 1,277 14.19%2,941,500 496,144 16.87%2,070,000 327,956 15.84%675,000 113,446 16.81%
<br />Operating expenses:
<br /> Personal services 1,268,300 277,127 21.85%901,300 197,890 21.96%29,900 2,189 7.32%- - -
<br /> Supplies 31,500 2,981 9.46%334,900 33,601 10.03%23,250 200 0.86%1,000 - 0.00%
<br /> Other service charges 397,650 72,565 18.25%1,007,950 170,538 16.92%1,844,550 301,102 16.32%302,950 3,598 1.19%
<br /> Depreciation *70,000 - 0.00%1,710,000 - 0.00%- - - 500,000 - 0.00%
<br /> Total operating expenses 1,767,450 352,673 19.95%3,954,150 402,029 10.17%1,897,700 303,491 15.99%803,950 3,598 0.45%
<br />Operating income (loss)645,800 352,283 54.55%(1,012,650) 94,116 -9.29%172,300 24,464 14.20%(128,950) 109,848 -85.19%
<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 - - - (77,550) (39,818) 51.34%- - - - - -
<br /> Total nonoperating revenues (expenses)135,000 - 0.00%57,450 (39,818) -69.31%10,000 - 0.00%30,000 - 0.00%
<br />Income (loss) before contributions & transfers 780,800 352,283 45.12%(955,200) 54,298 -5.68%182,300 24,464 13.42%(98,950) 109,848 -111.01%
<br />Contributions - connection fees - - - 1,000,000 459,846 45.98%- - - - - -
<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%(180,000) - 0.00%(60,000) - 0.00%(125,000) - 0.00%
<br />NET INCOME (LOSS)(319,200) 352,283 -110.36%(135,200) 514,144 -380.28%122,300 24,464 20.00%(223,950) 109,848 -49.05%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - -
<br /> Capital Outlay - - - (343,000) - - - - - (150,000) - -
<br /> Bond Payment - - - (530,000) (530,000) - - - - - - -
<br />Revenues over/(under) expenditures (319,200) 352,283 (1,008,200) (15,856) 122,300 24,464 (373,950) 109,848
<br /> * Recorded at year-end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED MARCH 31, 2025
<br />Liquor Sewer Garbage Stormwater
<br />Page 194 of 197
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