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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 1,960,130$ 425,076$ 466,398$ 41,322$ 109.7 %
<br />Connection charges 5,250 19,320 74,265 54,945 384.4
<br />Other 8,070 4,332 67,673 63,342 1562.3
<br />Interest earnings ‐ ‐ 4,272 4,272 N/A
<br />TOTAL REVENUES 1,973,450 448,728 612,608 163,880 136.5
<br />EXPENSES
<br />Personnel expenses 427,470 157,199 174,446 (17,247) 111.0
<br />Supplies and materials 7,700 6,078 5,264 815 86.6
<br />Other services and charges 322,810 99,982 128,141 (28,159) 128.2
<br />Wastewater charges 761,720 459,350 444,339 15,011 96.7
<br />Depreciation 175,460 ‐ ‐ ‐ N/A
<br />Capital expenses 312,500 210,446 ‐ 210,446 0.0
<br />Debt service 12,290 ‐ 12,692 (12,692) N/A
<br />TOTAL EXPENSES 2,019,950 933,054 764,882 168,172 82.0
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 126,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES (172,500)$ (484,327)$ (152,274)$ 332,052$ 31.4 %
<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 />SEWER FUND
<br />Q1 Q2 Q3 Q4
<br />2017 ‐ 422,738.43 853,332.28 1,717,655.93
<br />2018 1,159.61 425,076.18 866,393.58 1,762,274.59
<br />2019 1,324.73 466,397.81
<br /> $‐
<br /> $0.20
<br /> $0.40
<br /> $0.60
<br /> $0.80
<br /> $1.00
<br /> $1.20
<br /> $1.40
<br /> $1.60
<br /> $1.80
<br /> $2.00
<br />MillionsSewer Sales Comparison
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