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CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE SIX MONTHS ENDED JUNE 30
<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 06/30/22 06/30/23 (Unfavorable) 06/30/23
<br />REVENUES
<br />User charges
<br />$ 2,272,980
<br />$ 544,045 $
<br />599,128 $
<br />55,083
<br />110.1 %
<br />Connection charges
<br />8,250
<br />2,490
<br />4,140
<br />1,650
<br />166.3
<br />Other
<br />6,910
<br />2,214
<br />1,780
<br />(434)
<br />80.4
<br />Interest earnings
<br />-
<br />3,141
<br />10,562
<br />7,421
<br />336.3
<br />TOTAL REVENUES
<br />2,288,140
<br />551,890
<br />615,610
<br />63,720
<br />111.5
<br />EXPENSES
<br />Personnel expenses
<br />479,200
<br />207,438
<br />218,803
<br />(11,365)
<br />105.5
<br />Supplies and materials
<br />16,500
<br />9,175
<br />14,790
<br />(5,615)
<br />161.2
<br />Other services and charges
<br />310,370
<br />158,176
<br />134,257
<br />23,919
<br />84.9
<br />Wastewater charges
<br />845,370
<br />476,688
<br />422,684
<br />54,003
<br />88.7
<br />Depreciation
<br />198,440
<br />-
<br />-
<br />-
<br />N/A
<br />Capital expenses
<br />842,000
<br />204,681
<br />5,311
<br />199,370
<br />2.6
<br />Debt service
<br />38,250
<br />35,025
<br />34,425
<br />600
<br />98.3
<br />TOTAL EXPENSES
<br />2,730,130
<br />1,091,182
<br />830,271
<br />260,911
<br />76.1
<br />Bond Proceeds
<br />-
<br />-
<br />-
<br />-
<br />N/A
<br />Transfers out
<br />126,000
<br />-
<br />N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES
<br />$ (567,990)
<br />$ (539,292) $
<br />(214,661) $
<br />324,632
<br />39.8 %
<br />$2.50
<br />Sewer Sales Comparison
<br />o
<br />�
<br />$2.00
<br />i
<br />I
<br />$1.50
<br />$1.00
<br />$0.50
<br />$-
<br />Q1
<br />Q2
<br />Q3
<br />Q4
<br />171.53
<br />518,240.72
<br />1,050,881.97
<br />2,104,021.86
<br />5--2021
<br />2022
<br />702.30
<br />544,045.08
<br />1,092,286.43
<br />2,203,72023
<br />1,043.75
<br />599,128.48
<br />
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