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Attachment 1 <br />City of Roseville <br />Quarterly Financial Report <br />As of June 30, 2025 <br />Tickmark Explanations for Budget VS Actual Variances <br />A. Taxes will be received in June/July and December/January- current collections rate is consistent with <br />prior years. <br />B. State Aids and other grants are received in the third and fourth quarter. <br />C. Majority of these revenues are received later in the year <br />D. Franchise fees are received quarterly at the end of the following month, payment to North Suburban <br />follows the receipt of these fees <br />E. Internal allocations for Garage, Phones, postage, copier and IT costs are made quarterly at the end of <br />the following month <br />F. Legal service invoices for five months only - this is the normal process. <br />G. Professional services, training, maintenance and capital costs occur later in the year in these <br />departments. <br />H. Parks & Rec is seasonal in nature - fees and building rental come in higher first quarter and then <br />smooth out, expenditures occur more heavily in summer and fall <br />I. Water has 5 months of St. Paul Regional Water charges <br />J. Utility revenues are based on service delivery; bills issued in Jan and Feb of 2025 are partially accrued <br />back to the 2024 books as they are for services delivered in 2024. This is an annual occurrence. <br />K. Vehicle purchased in first quarter skews the percentage spent to date. <br />L. NYFS contract paid in full at the beginning of the year and recycling carts purchased in first quarter. <br />Qbhf!233!pg!286 <br /> <br />