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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 /> SEWER 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 $ 2,033,900 $ 1,325 $ 533 $ (791) 40.3%
<br /> Connection charges 8,250 10,740 9,075 (1,665) 84.5
<br /> Other 8,790 615 554 (60) 90.2
<br /> Interest earnings 3,000 689 4,421 3,732 641.3
<br /> TOTAL REVENUES 2,053,940 13,369 14,584 1,215 109.1
<br /> EXPENSES
<br /> Personnel expenses 443,780 74,271 75,354 (1,083) 101.5
<br /> Supplies and materials 13,200 2,949 4,275 (1,325) 144.9
<br /> Other services and charges 331,300 55,090 44,767 10,324 81.3
<br /> Wastewater charges 808,270 253,908 269,422 (15,514) 106.1
<br /> Depreciation 184,310 - - N/A
<br /> Capital expenses 124,390 - - N/A
<br /> Debt service 36,750 6,567 31,125 (24,558) 473.9
<br /> TOTAL EXPENSES 1,942,000 392,787 424,942 (32,156) 108.2
<br /> Bond Proceeds - - - N/A
<br /> Transfers out 126,000 N/A
<br /> EXCESS(DEFICIT)REVENUES OVER EXPENSES $ (14,060) $ (379,418) $ (410,358) $ (30,941) 108.2 %
<br /> Sewer Sales Comparison
<br /> $2.00
<br /> 0
<br /> $1.80
<br /> $1.60
<br /> $1.40
<br /> $1.20
<br /> $1.00
<br /> $0.80
<br /> $0.60
<br /> $0.40
<br /> $0.20
<br /> Q1 Q2 Q3 Q4
<br /> 2018 1,159.61 425,076.18 866,393.58 1,762,274.59
<br /> 2019 1,324.73 466,397.81 947,285.11 1,886,338.25
<br /> -2020 533.31 - - -
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