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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$ 6,334,709$ 73.32%
<br /> Cost of sales (6,235,750) (4,267,303) 68.43%
<br /> Gross profit 2,404,250 2,067,406 85.99%
<br />Operating revenues:
<br /> User charges - - - 2,745,000$ 1,977,544$ 72.04%2,070,000$ 1,330,049$ 64.25%675,000$ 451,246$ 66.85%
<br /> Delinquency collections - - - 1,500 1,422 94.80%- 1,013 - - 45 -
<br /> Other 9,000 4,082 45.35%195,000 130,196 66.77%- - - - - -
<br /> Total operating revenues 9,000 4,082 45.35%2,941,500 2,109,162 71.70%2,070,000 1,331,062 64.30%675,000 451,291 66.86%
<br />Operating expenses:
<br /> Personal services 1,268,300 879,080 69.31%901,300 623,642 69.19%29,900 15,554 52.02%- - -
<br /> Supplies 31,500 9,529 30.25%334,900 199,445 59.55%23,250 869 3.74%1,000 - 0.00%
<br /> Other service charges 397,650 446,854 112.37%1,007,950 739,912 73.41%1,844,550 1,198,013 64.95%302,950 25,055 8.27%
<br /> Depreciation *70,000 - 0.00%1,710,000 - 0.00%- - - 500,000 - 0.00%
<br /> Total operating expenses 1,767,450 1,335,462 75.56%3,954,150 1,562,999 39.53%1,897,700 1,214,436 64.00%803,950 25,055 3.12%
<br />Operating income (loss)645,800 736,025 113.97%(1,012,650) 546,163 -53.93%172,300 116,626 67.69%(128,950) 426,237 -330.54%
<br />Nonoperating revenues (expenses):
<br /> Interest income 135,000 37,951 28.11%135,000 114,499 84.81%10,000 11,896 118.96%30,000 28,761 95.87%
<br /> Interest expense/agent fees - - - (77,550) (76,985) 99.27%- - - - - -
<br /> Total nonoperating revenues (expenses)135,000 37,951 28.11%57,450 37,514 65.30%10,000 11,896 118.96%30,000 28,761 95.87%
<br />Income (loss) before contributions & transfers 780,800 773,976 99.13%(955,200) 583,677 -61.11%182,300 128,522 70.50%(98,950) 454,998 -459.83%
<br />Contributions - connection fees - - - 1,000,000 843,426 84.34%- - - - - -
<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) (1,350,000) 122.73%(180,000) (180,000) 100.00%(60,000) (60,000) 100.00%(125,000) (125,000) 100.00%
<br />NET INCOME (LOSS)(319,200) (576,024) 180.46%(135,200) 1,247,103 -922.41%122,300 68,522 56.03%(223,950) 329,998 -147.35%
<br />Items reclassified to balance sheet at year end:
<br /> Bond Proceeds - -
<br /> Capital Outlay - - - (343,000) (261,540) - - - - (150,000) - -
<br /> Bond Payment - - - (530,000) (530,000) - - - - - - -
<br />Revenues over/(under) expenditures (319,200) (576,024) (1,008,200) 455,564 122,300 68,522 (373,950) 329,998
<br /> * Recorded at year-end
<br />CITY OF ELK RIVER
<br />ENTERPRISE FUNDS - BUDGET TO ACTUAL
<br />MONTH ENDED SEPTEMBER 30, 2025
<br />Liquor Sewer Garbage Stormwater
<br />Page 322 of 322
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