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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 06/30/22 06/30/23 (Unfavorable) 06/30/23
<br />REVENUES
<br />User charges 2,706,920$ 516,605$ 569,051$ 52,446$ 110.2 %
<br />Connection charges 13,750 3,605 2,230 (1,375) 61.9
<br />Other 702,240 25,811 16,145 (9,666) 62.6
<br />Interest earnings ‐ 9,772 24,220 14,448 247.8
<br />TOTAL REVENUES 3,422,910 555,793 611,646 55,853 110.0
<br />EXPENSES
<br />Personnel expenses 406,710 173,045 182,708 (9,663) 105.6
<br />Supplies and materials 53,000 23,471 13,851 9,620 59.0
<br />Other services and charges 338,180 111,508 179,359 (67,851) 160.8
<br />Water purchases 1,198,380 204,581 245,618 (41,036) 120.1
<br />Depreciation 363,880 ‐ ‐ ‐ N/A
<br />Capital expenses 185,000 ‐ 168 (168) N/A
<br />Debt service 248,050 222,275 223,475 (1,200) 100.5
<br />TOTAL EXPENSES 2,793,200 734,881 845,178 (110,298) 115.0
<br />Bond Proceeds ‐ ‐ ‐ ‐ N/A
<br />Transfers out 100,000 ‐ ‐ ‐ N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES 529,710$ (179,088)$ (233,532)$ (54,445)$ 130.4 %
<br />CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE SIX MONTHS ENDED JUNE 30
<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 939.28 569,050.97
<br /> $‐
<br /> $0.50
<br /> $1.00
<br /> $1.50
<br /> $2.00
<br /> $2.50
<br /> $3.00
<br />MillionsWater Sales Comparison
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