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City of Lino Lakes
<br />Water Fund Budet to Actual (Unaudited)
<br />For the Quarter Ended March 31, 2021
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budget 03/31/2021 03/31/2021 03/31/2020 (Unfavorable)
<br />Revenues
<br />Water Hook Up Charge 36,500$ 9,125$ 16,750$ 6,250$ 10,500
<br />Water Meter Sales 50,000 12,500 30,282 9,311 20,971 (1)
<br />Irrigation Controller Sales - - 1,235 - 1,235
<br />Interest On Investments 50,000 12,500 (12,813) - (12,813)
<br />Miscellaneous Revenue 2,500 625 635 106 529
<br />Water Sales 1,080,000 270,000 157,093 172,267 (15,174)
<br />Penalty 22,000 5,500 4,094 3,788 306
<br />Sale of Fixed Assets - - 7,100 - 7,100
<br /> Total Revenues 1,241,000 310,250 204,376 191,722 12,654
<br />Expenditures
<br />Personal Services 312,737 78,184 62,879 67,060 4,181
<br />Supplies 240,000 60,000 23,917 49,668 25,751 (2)
<br />Services & Charges 300,181 75,045 43,702 48,366 4,664
<br />Contractual Services 11,000 2,750 (3,495) (7,468) (3,973)
<br />Depreciation 605,000 151,250 - - - *
<br />Capital Outlay 55,000 13,750 8,088 24,533 16,445
<br /> Total Expenditures 1,523,918 380,980 135,092 182,160 47,068
<br />Revenues Over
<br />(Under) Expenditures (282,918)$ (70,730)$ 69,284$ 9,562$ 59,722$
<br />*Depreciation is factored out of contractual services. Depreciation is a non-cash expense calculated at year end.
<br />Item Explanation of items with variance greater than $20,000
<br />(1) Residential development is generating more water meter sales compared to this time last year.
<br />(2) Variance from prior year due to level of water meter inventory.
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