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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 06/30/20 06/30/21 (Unfavorable) 06/30/21
<br />REVENUES
<br />User charges 2,348,000$ 445,512$ 490,228$ 44,716$ 110.0 %
<br />Connection charges 13,750 15,125 3,940 (11,185) 26.0
<br />Other 56,720 16,747 19,932 3,185 119.0
<br />Interest earnings 7,000 24,154 (2,544) (26,698) ‐10.5
<br />TOTAL REVENUES 2,425,470 501,538 511,556 10,018 102.0
<br />EXPENSES
<br />Personnel expenses 385,190 160,117 163,530 (3,413) 102.1
<br />Supplies and materials 59,500 10,837 10,694 143 98.7
<br />Other services and charges 318,460 141,549 134,515 7,035 95.0
<br />Water purchases 1,050,000 181,058 185,826 (4,768) 102.6
<br />Depreciation 318,040 ‐ ‐ ‐ N/A
<br />Capital expenses 660,000 ‐ ‐ ‐ N/A
<br />Debt service 248,150 214,375 215,875 (1,500) 100.7
<br />TOTAL EXPENSES 3,039,340 707,937 710,440 (2,504) 100.4
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES (713,870)$ (206,399)$ (198,884)$ 7,515$ 96.4 %
<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, 2021
<br />Q1 Q2 Q3 Q4
<br />2019 825.53 480,247.98 1,050,391.99 2,234,866.86
<br />2020 ‐445,511.54 971,676.06 2,268,875.28
<br />2021 ‐490,227.97
<br /> $‐
<br /> $0.50
<br /> $1.00
<br /> $1.50
<br /> $2.00
<br /> $2.50
<br />MillionsWater Sales Comparison
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