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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$ 2,511,800$ 29.07%
<br /> Cost of sales (6,235,750) (1,684,097) 27.01%
<br /> Gross profit 2,404,250 827,703 34.43%
<br />Operating revenues:
<br /> User charges - - - 2,745,000$ 727,592$ 26.51%2,070,000$ 493,331$ 23.83%675,000$ 170,393$ 25.24%
<br /> Delinquency collections - - - 1,500 - 0.00%- - - - - -
<br /> Other 9,000 1,692 18.80%195,000 45,209 23.18%- - - - - -
<br /> Total operating revenues 9,000 1,692 18.80%2,941,500 772,801 26.27%2,070,000 493,331 23.83%675,000 170,393 25.24%
<br />Operating expenses:
<br /> Personal services 1,268,300 367,985 29.01%901,300 262,721 29.15%29,900 4,283 14.32%- - -
<br /> Supplies 31,500 4,402 13.97%334,900 66,140 19.75%23,250 382 1.64%1,000 - 0.00%
<br /> Other service charges 397,650 93,245 23.45%1,007,950 253,816 25.18%1,844,550 432,770 23.46%302,950 5,265 1.74%
<br /> Depreciation *70,000 - 0.00%1,710,000 - 0.00%- - - 500,000 - 0.00%
<br /> Total operating expenses 1,767,450 465,632 26.34%3,954,150 582,677 14.74%1,897,700 437,435 23.05%803,950 5,265 0.65%
<br />Operating income (loss)645,800 363,763 56.33%(1,012,650) 190,124 -18.77%172,300 55,896 32.44%(128,950) 165,128 -128.06%
<br />Nonoperating revenues (expenses):
<br /> Interest income 135,000 10,150 7.52%135,000 30,173 22.35%10,000 3,124 31.24%30,000 7,484 24.95%
<br /> Interest expense/agent fees - - - (77,550) (39,818) 51.34%- - - - - -
<br /> Total nonoperating revenues (expenses)135,000 10,150 7.52%57,450 (9,644) -16.79%10,000 3,124 31.24%30,000 7,484 24.95%
<br />Income (loss) before contributions & transfers 780,800 373,913 47.89%(955,200) 180,480 -18.89%182,300 59,020 32.38%(98,950) 172,612 -174.44%
<br />Contributions - connection fees - - - 1,000,000 571,800 57.18%- - - - - -
<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) 373,913 -117.14%(135,200) 752,280 -556.42%122,300 59,020 48.26%(223,950) 172,612 -77.08%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - -
<br /> Capital Outlay - - - (343,000) (139,703) - - - - (150,000) - -
<br /> Bond Payment - - - (530,000) (530,000) - - - - - - -
<br />Revenues over/(under) expenditures (319,200) 373,913 (1,008,200) 82,577 122,300 59,020 (373,950) 172,612
<br /> * Recorded at year-end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED APRIL 30, 2025
<br />Liquor Sewer Garbage Stormwater
<br />Page 197 of 197
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