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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 03/31/18 03/31/19 (Unfavorable) 03/31/19
<br />REVENUES
<br />User charges 2,321,570$ (10,059)$ 826$ 10,884$ ‐8.2 %
<br />Connection charges 5,250 5,775 17,340 11,565 300.3
<br />Other 51,240 3,559 878 (2,681) 24.7
<br />Interest earnings 6,490 (3,721) 3,765 7,486 ‐101.2
<br />TOTAL REVENUES 2,384,550 (4,446) 22,809 27,254 ‐513.1
<br />EXPENSES
<br />Personnel expenses 355,770 58,033 62,050 (4,018) 106.9
<br />Supplies and materials 35,500 7,353 9,968 (2,615) 135.6
<br />Other services and charges 303,220 74,553 47,233 27,320 63.4
<br />Water purchases 1,100,000 ‐ ‐ ‐ N/A
<br />Depreciation 260,020 ‐ ‐ ‐ N/A
<br />Capital expenses 562,500 ‐ 7,505 (7,505) N/A
<br />Debt service 79,010 ‐ 42,219 (42,219) N/A
<br />TOTAL EXPENSES 2,696,020 139,939 168,974 (29,036) 120.7
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES (411,470)$ (144,384)$ (146,166)$ (1,781)$ 101.2 %
<br />WATER FUND
<br />CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE THREE MONTHS ENDED MARCH 31, 2019
<br />Q1 Q2 Q3 Q4
<br />2017 ‐ 416,128.77 941,357.49 2,060,640.34
<br />2018 ‐ 415,073.60 1,005,992.59 2,209,965.77
<br />2019 825.53 ‐ ‐ ‐
<br /> $‐
<br /> $0.50
<br /> $1.00
<br /> $1.50
<br /> $2.00
<br /> $2.50
<br />MillionsWater Sales Comparison
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