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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />BUDGET AND ACTUAL
<br />GENERAL FUND
<br />YEAR ENDED DECEMBER 31, 2018
<br />(WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED DECEMBER 31, 2017)
<br />2018 2017
<br />Budgeted Amounts Actual Variance with Actual
<br />Original Final Amounts Final Budget Amount
<br />REVENUES
<br />Charges for Services $ 745,400 $ 745,400 $ 758,935 $ 13,535 $ 652,306
<br />Intergovernmental Grants 25,000 25,000 176,278 151,278 361,049
<br />Interest on Investments 500 500 7,565 7,065 2,319
<br />Miscellaneous 500 500 1,467 967 2,432
<br />Total Revenues 771,400 771,400 944,245 172,845 1,018,106
<br />EXPENDITURES
<br />General and Administrative:
<br />Wages 327,500 327,500 281,092 46,408 300,091
<br />Payroll Taxes and Employee Benefits 83,000 83,000 74,781 8,219 80,106
<br />Legal 3,000 3,000 4,996 (1,996) 4,020
<br />Professional Services 8,400 8,400 19,179 (10,779) 20,039
<br />Information Systems 21,500 21,500 16,012 5,488 15,050
<br />Insurance 5,200 5,200 5,251 (51) 5,110
<br />Office 23,700 23,700 20,106 3,594 20,362
<br />Staff Training 4,000 4,000 3,573 427 2,727
<br />Telephone - - 3,240 (3,240) 2,640
<br />Miscellaneous 5,200 5,200 5,930 (730) 3,915
<br />Programs:
<br />Monitoring 39,000 39,000 22,141 16,859 32,407
<br />Maintenance 5,000 5,000 5,000
<br />Projects 245,900 245,900 297,676 (51,776) 429,995
<br />Total Expenditures 771,400 771,400 753,977 17,423 916,462
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES 190,268 155,422 101,644
<br />Fund Balances - January 1 417,049 417,049 417,049 - 315,405
<br />FUND BALANCES - DECEMBER 31 $ 417,049 $ 417,049 $ 607,317 $ 155,422 $ 417,049
<br />See accompanying Notes to Financial Statements.
<br />(19)
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