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CITY OF ARDEN HILLS,MINNESOTA
<br /> STATEMENT OF REVENUES AND EXPENSES
<br /> BUDGET AND ACTUAL
<br /> FOR THE THREE MONTHS ENDED MARCH 31,2020
<br /> WATER FUND
<br /> Percent
<br /> Received or
<br /> Expended
<br /> Actual Actual Variance- Based on
<br /> Annual Thru Thru Favorable Actuals Thru
<br /> Budget 03/31/19 03/31/20 (Unfavorable) 03/31/20
<br /> REVENUES
<br /> User charges $ 2,279,240 $ 826 $ (525) $ (1,350) -63.5 %
<br /> Connection charges 13,750 17,340 15,125 (2,215) 87.2
<br /> Other 56,930 878 5,697 4,819 648.9
<br /> Interest earnings 15,000 3,765 10,748 6,983 285.5
<br /> TOTAL REVENUES 2,364,920 22,809 31,045 8,237 136.1
<br /> EXPENSES
<br /> Personnel expenses 370,230 62,050 68,160 (6,109) 109.8
<br /> Supplies and materials 57,500 9,968 9,371 597 94.0
<br /> Other services and charges 283,160 47,233 57,742 (10,509) 122.2
<br /> Water purchases 1,100,000 - - N/A
<br /> Depreciation 286,000 - - N/A
<br /> Capital expenses 93,710 7,505 - 7,505 0.0
<br /> Debt service 250,250 42,219 214,375 (172,156) 507.8
<br /> TOTAL EXPENSES 2,440,850 168,974 349,647 (180,673) 206.9
<br /> Bond Proceeds - - - N/A
<br /> Transfers out 100,000 N/A
<br /> EXCESS(DEFICIT)REVENUES OVER EXPENSES $ (175,930) $ (146,166) $ (318,602) $ (172,436) 218.0%
<br /> Water Sales Comparison
<br /> $2.50
<br /> 0
<br /> $2.00
<br /> $1.50
<br /> $1.00
<br /> $0.50
<br /> Q1 Q2 Q3 Q4
<br /> -2018 - 415,073.60 1,005,992.59 2,209,965.77
<br /> -]20
<br /> 19 825.53 480,247.98 1,050,391.99 2,234,866.86
<br /> 20
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