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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 06/30/21 06/30/22 (Unfavorable) 06/30/22
<br />REVENUES
<br />User charges 2,479,490$ 490,228$ 516,605$ 26,377$ 105.4 %
<br />Connection charges 13,750 3,940 3,605 (335) 91.5
<br />Other 531,950 19,932 25,811 5,879 129.5
<br />Interest earnings 6,400 (2,544) 9,772 12,316 ‐384.1
<br />TOTAL REVENUES 3,031,590 511,556 555,793 44,237 108.6
<br />EXPENSES
<br />Personnel expenses 400,590 163,530 173,778 (10,248) 106.3
<br />Supplies and materials 59,500 10,694 23,471 (12,777) 219.5
<br />Other services and charges 306,190 134,515 111,508 23,007 82.9
<br />Water purchases 1,134,000 185,826 204,581 (18,755) 110.1
<br />Depreciation 365,450 ‐ ‐ ‐ N/A
<br />Capital expenses 741,110 ‐ ‐ ‐ N/A
<br />Debt service 250,750 215,875 222,275 (6,400) 103.0
<br />TOTAL EXPENSES 3,257,590 710,440 735,613 (25,173) 103.5
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES (326,000)$ (198,884)$ (179,820)$ 19,064$ 90.4 %
<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, 2022
<br />Q1 Q2 Q3 Q4
<br />2020 ‐445,511.54 971,676.06 2,268,875.28
<br />2021 ‐490,227.97 1,243,040.31 2,747,032.72
<br />2022 1,609.48 516,604.60
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<br />MillionsWater Sales Comparison
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