|
<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$ 3,311,103$ 38.32%
<br /> Cost of sales (6,235,750) (2,160,734) 34.65%
<br /> Gross profit 2,404,250 1,150,369 47.85%
<br />Operating revenues:
<br /> User charges - - - 2,745,000$ 972,687$ 35.43%2,070,000$ 659,323$ 31.85%675,000$ 227,365$ 33.68%
<br /> Delinquency collections - - - 1,500 - 0.00%- - - - - -
<br /> Other 9,000 1,947 21.63%195,000 60,039 30.79%- - - - - -
<br /> Total operating revenues 9,000 1,947 21.63%2,941,500 1,032,726 35.11%2,070,000 659,323 31.85%675,000 227,365 33.68%
<br />Operating expenses:
<br /> Personal services 1,268,300 458,741 36.17%901,300 328,616 36.46%29,900 6,377 21.33%- - -
<br /> Supplies 31,500 5,997 19.04%334,900 92,617 27.66%23,250 647 2.78%1,000 - 0.00%
<br /> Other service charges 397,650 195,032 49.05%1,007,950 322,035 31.95%1,844,550 605,658 32.84%302,950 6,734 2.22%
<br /> Depreciation *70,000 - 0.00%1,710,000 - 0.00%- - - 500,000 - 0.00%
<br /> Total operating expenses 1,767,450 659,770 37.33%3,954,150 743,268 18.80%1,897,700 612,682 32.29%803,950 6,734 0.84%
<br />Operating income (loss)645,800 492,547 76.27%(1,012,650) 289,458 -28.58%172,300 46,641 27.07%(128,950) 220,631 -171.10%
<br />Nonoperating revenues (expenses):
<br /> Interest income 135,000 30,278 22.43%135,000 90,599 67.11%10,000 9,387 93.87%30,000 22,680 75.60%
<br /> Interest expense/agent fees - - - (77,550) (39,818) 51.34%- - - - - -
<br /> Total nonoperating revenues (expenses)135,000 30,278 22.43%57,450 50,782 88.39%10,000 9,387 93.87%30,000 22,680 75.60%
<br />Income (loss) before contributions & transfers 780,800 522,825 66.96%(955,200) 340,240 -35.62%182,300 56,029 30.73%(98,950) 243,311 -245.89%
<br />Contributions - connection fees - - - 1,000,000 633,000 63.30%- - - - - -
<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) 522,825 -163.79%(135,200) 973,240 -719.85%122,300 56,029 45.81%(223,950) 243,311 -108.65%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - -
<br /> Capital Outlay - - - (343,000) (169,256) - - - - (150,000) - -
<br /> Bond Payment - - - (530,000) (530,000) - - - - - - -
<br />Revenues over/(under) expenditures (319,200) 522,825 (1,008,200) 273,984 122,300 56,029 (373,950) 243,311
<br /> * Recorded at year-end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED MAY 31, 2025
<br />Liquor Sewer Garbage Stormwater
<br />Page 634 of 637
|