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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 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 06/30/23 06/30/24 (Unfavorable) 06/30/24
<br />REVENUES
<br />User charges
<br />$ 2,537,260 $
<br />599,128 $
<br />603,871 $
<br />4,742
<br />100.8 %
<br />Connection charges
<br />8,250
<br />4,140
<br />825
<br />(3,315)
<br />19.9
<br />Other
<br />11,920
<br />1,780
<br />1,791
<br />11
<br />100.6
<br />Interest earnings
<br />-
<br />10,562
<br />15,517
<br />4,956
<br />146.9
<br />TOTAL REVENUES
<br />2,557,430
<br />615,610
<br />622,004
<br />6,394
<br />101.0
<br />EXPENSES
<br />Personnel expenses
<br />513,890
<br />218,803
<br />226,359
<br />(7,555)
<br />103.5
<br />Supplies and materials
<br />15,500
<br />14,790
<br />11,585
<br />3,205
<br />78.3
<br />Other services and charges
<br />322,220
<br />134,257
<br />132,675
<br />1,582
<br />98.8
<br />Wastewater charges
<br />901,680
<br />422,684
<br />525,982
<br />(103,297)
<br />124.4
<br />Depreciation
<br />221,570
<br />-
<br />-
<br />N/A
<br />Capital expenses
<br />1,424,800
<br />5,311
<br />63,115
<br />(57,804)
<br />1188.4
<br />Debt service
<br />37,050
<br />34,425
<br />37,114
<br />(2,689)
<br />107.8
<br />TOTAL EXPENSES
<br />3,436,710
<br />830,271
<br />996,829
<br />(166,558)
<br />120.1
<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 />(214,661) $
<br />(374,825) $
<br />(160,165)
<br />174.6 %
<br />Sewer Sales Comparison
<br />$3.00
<br />0
<br />$2.50
<br />$2.00
<br />$1.50
<br />$1.00
<br />$0.50
<br />Q1
<br />Q2
<br />-2022
<br />702.30
<br />544,045.08
<br />1,092,286.43
<br />2,203,729.07
<br />-2023
<br />1,043.75
<br />599,128.48
<br />1,218,783.66
<br />2,387,424.52
<br />-2024
<br />542.70
<br />603,870.79
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