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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 06/30/19 06/30/20 (Unfavorable) 06/30/20
<br />REVENUES
<br />User charges 2,279,240$ 481,936$ 445,512$ (36,425)$ 92.4 %
<br />Connection charges 13,750 123,215 15,125 (108,090) 12.3
<br />Other 56,930 15,096 16,747 1,652 110.9
<br />Interest earnings 15,000 15,353 24,154 8,801 157.3
<br />TOTAL REVENUES 2,364,920 635,600 501,538 (134,062) 78.9
<br />EXPENSES
<br />Personnel expenses 370,230 138,106 160,117 (22,011) 115.9
<br />Supplies and materials 57,500 13,130 10,837 2,293 82.5
<br />Other services and charges 283,160 124,737 141,549 (16,813) 113.5
<br />Water purchases 1,100,000 190,779 181,058 9,721 94.9
<br />Depreciation 286,000 ‐ ‐ ‐ N/A
<br />Capital expenses 93,710 29,842 ‐ 29,842 0.0
<br />Debt service 250,250 81,594 214,375 (132,781) 262.7
<br />TOTAL EXPENSES 2,440,850 578,188 707,937 (129,749) 122.4
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES (175,930)$ 57,412$ (206,399)$ (263,811)$ ‐359.5 %
<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, 2020
<br />Q1 Q2 Q3 Q4
<br />2018 ‐415,073.60 1,005,992.59 2,209,965.77
<br />2019 825.53 480,247.98 1,050,391.99 2,234,866.86
<br />2020 ‐445,511.54 ‐‐
<br /> $‐
<br /> $0.50
<br /> $1.00
<br /> $1.50
<br /> $2.00
<br /> $2.50
<br />MillionsWater Sales Comparison
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