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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 06/30/18 06/30/19 (Unfavorable) 06/30/19
<br />REVENUES
<br />User charges 2,321,570$ 415,074$ 480,248$ 65,174$ 115.7 %
<br />Connection charges 5,250 19,320 123,215 103,895 637.8
<br />Other 51,240 15,941 15,096 (845) 94.7
<br />Interest earnings 6,490 (727) 15,353 16,080 ‐2112.7
<br />TOTAL REVENUES 2,384,550 449,608 633,912 184,304 141.0
<br />EXPENSES
<br />Personnel expenses 355,770 135,430 138,106 (2,676) 102.0
<br />Supplies and materials 35,500 12,812 13,130 (318) 102.5
<br />Other services and charges 303,220 123,625 124,737 (1,112) 100.9
<br />Water purchases 1,100,000 190,087 190,779 (692) 100.4
<br />Depreciation 260,020 ‐ ‐ ‐ N/A
<br />Capital expenses 562,500 543,907 29,842 514,065 5.5
<br />Debt service 79,010 ‐ 81,594 (81,594) N/A
<br />TOTAL EXPENSES 2,696,020 1,005,861 578,188 427,673 57.5
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES (411,470)$ (556,253)$ 55,724$ 611,977$ ‐10.0 %
<br />WATER FUND
<br />CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE SIX MONTHS ENDED JUNE 30, 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 825.53 480,247.98
<br /> $‐
<br /> $0.50
<br /> $1.00
<br /> $1.50
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<br />MillionsWater Sales Comparison
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