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CITY OF ARDEN HILLS, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024
<br />SEWER FUND
<br />Percent
<br />Received or
<br />Expended
<br />Actual
<br />Actual
<br />Variance -
<br />Based on
<br />Annual
<br />Thru
<br />Thru
<br />Favorable
<br />Actuals Thru
<br />Budget
<br />09/30/23
<br />09/30/24
<br />(Unfavorable)
<br />09/30/24
<br />REVENUES
<br />User charges
<br />$ 2,537,260
<br />$ 1,218,784
<br />$ 1,215,162
<br />$ (3,622)
<br />99.7 %
<br />Connection charges
<br />8,250
<br />4,140
<br />27,225
<br />23,085
<br />657.6
<br />Other
<br />11,920
<br />70,827
<br />19,870
<br />(50,957)
<br />28.1
<br />Interest earnings
<br />-
<br />23,770
<br />15,517
<br />(8,253)
<br />65.3
<br />TOTAL REVENUES
<br />2,557,430
<br />1,317,521
<br />1,277,774
<br />(39,747)
<br />97.0
<br />EXPENSES
<br />Personnel expenses
<br />513,890
<br />350,377
<br />375,136
<br />(24,759)
<br />107.1
<br />Supplies and materials
<br />15,500
<br />15,592
<br />13,469
<br />2,123
<br />86.4
<br />Other services and charges
<br />322,220
<br />178,156
<br />180,434
<br />(2,278)
<br />101.3
<br />Wastewater charges
<br />901,680
<br />704,474
<br />751,402
<br />(46,928)
<br />106.7
<br />Depreciation
<br />221,570
<br />-
<br />-
<br />N/A
<br />Capital expenses
<br />1,424,800
<br />120,900
<br />437,241
<br />(316,341)
<br />361.7
<br />Debt service
<br />37,050
<br />38,250
<br />37,114
<br />1,136
<br />97.0
<br />TOTAL EXPENSES
<br />3,436,710
<br />1,407,748
<br />1,794,795
<br />(387,047)
<br />127.5
<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 />$ (90,227)
<br />$ (517,021) $
<br />(426,794)
<br />573.0 %
<br />
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