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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 09/30/19 09/30/20 (Unfavorable) 09/30/20
<br />REVENUES
<br />User charges 2,279,240$ 1,050,392$ 971,676$ (78,716)$ 92.5 %
<br />Connection charges 13,750 123,215 16,805 (106,410) 13.6
<br />Other 56,930 26,879 31,276 4,397 116.4
<br />Interest earnings 15,000 24,111 31,526 7,415 130.8
<br />TOTAL REVENUES 2,364,920 1,224,597 1,051,283 (173,313) 85.8
<br />EXPENSES
<br />Personnel expenses 370,230 209,067 245,445 (36,378) 117.4
<br />Supplies and materials 57,500 20,867 19,980 887 95.7
<br />Other services and charges 283,160 222,951 212,079 10,872 95.1
<br />Water purchases 1,100,000 423,614 413,423 10,191 97.6
<br />Depreciation 286,000 ‐ ‐ ‐ N/A
<br />Capital expenses 93,710 30,955 46,161 (15,207) 149.1
<br />Debt service 250,250 81,594 250,250 (168,656) 306.7
<br />TOTAL EXPENSES 2,440,850 989,048 1,187,338 (198,290) 120.0
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES (175,930)$ 235,549$ (136,054)$ (371,603)$ ‐57.8 %
<br />WATER FUND
<br />CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE NINE MONTHS ENDED SEPTEMBER 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 ‐445,511.54 971,676.06 ‐
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<br />MillionsWater Sales Comparison
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