|
Percent
<br />Received or
<br />Expended
<br />Actual Actual Variance ‐Based on
<br />Annual Thru Thru Favorable Actuals Thru
<br />Budget 03/31/22 03/31/23 (Unfavorable) 03/31/23
<br />REVENUES
<br />User charges 2,706,920$ 1,609$ 939$ (670)$ 58.4 %
<br />Connection charges 13,750 ‐ ‐ ‐ N/A
<br />Other 702,240 10,904 (3,127) (14,031) ‐28.7
<br />Interest earnings ‐ 1,395 7,318 5,923 524.6
<br />TOTAL REVENUES 3,422,910 13,908 5,130 (8,778) 36.9
<br />EXPENSES
<br />Personnel expenses 406,710 67,971 85,044 (17,073) 125.1
<br />Supplies and materials 53,000 15,950 1,333 14,617 8.4
<br />Other services and charges 338,180 34,323 58,330 (24,007) 169.9
<br />Water purchases 1,198,380 ‐ ‐ ‐ N/A
<br />Depreciation 363,880 ‐ ‐ ‐ N/A
<br />Capital expenses 185,000 ‐ ‐ ‐ N/A
<br />Debt service 248,050 222,275 223,475 (1,200) 100.5
<br />TOTAL EXPENSES 2,793,200 340,519 368,182 (27,663) 108.1
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES 529,710$ (326,611)$ (363,052)$ (36,441)$ 111.2 %
<br />CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE THREE MONTHS ENDED MARCH 31
<br />WATER FUND
<br />Q1 Q2 Q3 Q4
<br />2021 ‐490,227.97 1,243,040.31 2,747,032.72
<br />2022 1,609.48 516,604.60 1,174,144.35 2,762,395.33
<br />2023 939.28 ‐‐‐
<br /> $‐
<br /> $0.50
<br /> $1.00
<br /> $1.50
<br /> $2.00
<br /> $2.50
<br /> $3.00
<br />MillionsWater Sales Comparison
|