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CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE THREE MONTHS ENDED MARCH 31
<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 03/31/23 03/31/24 (Unfavorable) 03/31/24
<br />REVENUES
<br />User charges
<br />$ 2,537,260
<br />$ 1,044 $
<br />543 $
<br />(501)
<br />52.0 %
<br />Connection charges
<br />8,250
<br />-
<br />-
<br />-
<br />N/A
<br />Other
<br />11,920
<br />735
<br />840
<br />105
<br />114.3
<br />Interest earnings
<br />-
<br />3,053
<br />3,466
<br />413
<br />113.5
<br />TOTAL REVENUES
<br />2,557,430
<br />4,831
<br />4,848
<br />17
<br />100.4
<br />EXPENSES
<br />Personnel expenses
<br />513,890
<br />100,644
<br />108,122
<br />(7,478)
<br />107.4
<br />Supplies and materials
<br />15,500
<br />1,676
<br />5,777
<br />(4,100)
<br />344.6
<br />Other services and charges
<br />322,220
<br />48,659
<br />52,758
<br />(4,099)
<br />108.4
<br />Wastewater charges
<br />901,680
<br />281,790
<br />300,561
<br />(18,771)
<br />106.7
<br />Depreciation
<br />221,570
<br />-
<br />-
<br />N/A
<br />Capital expenses
<br />1,424,800
<br />-
<br />26,484
<br />(26,484)
<br />N/A
<br />Debt service
<br />37,050
<br />34,425
<br />33,889
<br />536
<br />98.4
<br />TOTAL EXPENSES
<br />3,436,710
<br />467,193
<br />527,590
<br />(60,397)
<br />112.9
<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 />$ (1,005,280)
<br />$ (462,362) $
<br />(522,742) $
<br />(60,380)
<br />113.1 %
<br />
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