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Percent
<br />Received or
<br />Expended
<br />Actual Actual Variance ‐ Based on
<br />Annual Thru Thru Favorable Actuals Thru
<br />Budget 09/30/17 09/30/18 (Unfavorable) 09/30/18
<br />REVENUES
<br />User charges 2,110,000$ 941,357$ 1,005,993$ 64,635$ 106.9 %
<br />Connection charges 9,400 10,395 41,265 30,870 397.0
<br />Other 53,620 44,199 34,915 (9,283) 79.0
<br />Interest earnings 20,000 29,953 4,867 (25,086) 16.2
<br />TOTAL REVENUES 2,193,020 1,025,904 1,087,039 61,136 106.0
<br />EXPENSES
<br />Personnel expenses 320,400 206,664 209,525 (2,861) 101.4
<br />Supplies and materials 30,500 49,057 35,040 14,017 71.4
<br />Other services and charges 305,686 228,977 310,100 (81,123) 135.4
<br />Water purchases 1,100,000 449,567 443,762 5,805 98.7
<br />Depreciation 235,000 ‐ ‐ ‐ N/A
<br />Capital expenses 2,826,000 ‐ 1,591,109 (1,591,109) N/A
<br />Debt service 80,690 ‐ 45,290 (45,290) N/A
<br />TOTAL EXPENSES 4,898,276 934,265 2,634,827 (1,700,562) 282.0
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES (2,805,256)$ 91,638$ (1,547,788)$ (1,639,426)$ ‐1689.0 %
<br />WATER FUND
<br />CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018
<br />Q1 Q2 Q3 Q4
<br />2016 179.47 417,155.75 944,679.74 1,996,170.42
<br />2017 ‐ 416,128.77 941,357.49 2,060,640.34
<br />2018 ‐ 415,073.60 1,005,992.59
<br /> $‐
<br /> $0.50
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<br />MillionsWater Sales Comparison
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