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CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2022
<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 09/30/21 09/30/22 (Unfavorable) 09/30/22
<br />REVENUES
<br />User charges
<br />$ 2,171,780
<br />$ 1,050,882
<br />$ 1,092,286 $
<br />41,404
<br />103.9 %
<br />Connection charges
<br />8,250
<br />192,464
<br />2,490
<br />(189,974)
<br />1.3
<br />Other
<br />7,990
<br />5,845
<br />3,296
<br />(2,549)
<br />56.4
<br />Interest earnings
<br />3,200
<br />(717)
<br />6,688
<br />7,404
<br />-933.2
<br />TOTAL REVENUES
<br />2,191,220
<br />1,248,474
<br />1,104,760
<br />(143,714)
<br />88.5
<br />EXPENSES
<br />Personnel expenses
<br />474,950
<br />290,793
<br />336,238
<br />(45,445)
<br />115.6
<br />Supplies and materials
<br />16,500
<br />9,769
<br />12,507
<br />(2,738)
<br />128.0
<br />Other services and charges
<br />314,460
<br />206,425
<br />194,704
<br />11,721
<br />94.3
<br />Wastewater charges
<br />817,180
<br />705,966
<br />680,982
<br />24,983
<br />96.5
<br />Depreciation
<br />194,430
<br />-
<br />-
<br />-
<br />N/A
<br />Capital expenses
<br />164,380
<br />51,038
<br />367,111
<br />(316,073)
<br />719.3
<br />Debt service
<br />39,450
<br />40,650
<br />39,450
<br />1,200
<br />97.0
<br />TOTAL EXPENSES
<br />2,021,350
<br />1,304,641
<br />1,630,992
<br />(326,351)
<br />125.0
<br />Bond Proceeds
<br />-
<br />-
<br />-
<br />N/A
<br />Transfers out
<br />126,000
<br />N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES
<br />$ 43,870
<br />$ (56,167)
<br />$ (526,232) $
<br />(470,065)
<br />936.9 %
<br />$2.50
<br />Sewer Sales Comparison
<br />0
<br />$2.00
<br />$1.50
<br />$1.00
<br />$0.50
<br />Q1
<br />Q2
<br />Q3
<br />Q4
<br />-2020
<br />533.31
<br />466,578.34
<br />910,516.36
<br />1,864,971.38
<br />-2021
<br />171.53
<br />518,240.72
<br />1,050,881.97
<br />2,104,021.86
<br />-20221
<br />702.03
<br />544,045.08
<br />1,092,286.43
<br />
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