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City of Lino Lakes
<br />Sewer 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 />Sewer Hook Up Charge 29,000$ 7,250$ 13,400$ 5,000$ 8,400
<br />Interest On Investments 80,000 20,000 (20,887) - (20,887) (1)
<br />Sewer Sales 1,700,000 425,000 445,970 431,639 14,330
<br />Penalty 26,000 6,500 5,312 5,565 (253)
<br />Sale of Fixed Assets - - 7,100 - 7,100
<br /> Total Revenues 1,835,000 458,750 450,894 442,205 8,689
<br />Expenditures
<br />Personal Services 319,608 79,902 67,199 71,337 4,138
<br />Supplies 80,099 20,025 584 11,073 10,489
<br />Services & Charges 218,503 54,626 31,623 33,606 1,983
<br />Contractual Services 998,488 249,622 330,935 347,093 16,158
<br />Depreciation 500,000 125,000 - - - *
<br />Capital Outlay 111,000 27,750 - 24,533 24,533 (2)
<br /> Total Expenditures 2,227,698 556,925 430,341 487,642 57,301
<br />Revenues Over
<br />(Under) Expenditures (392,698)$ (98,175)$ 20,554$ (45,437)$ 65,991$
<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) Interest and unrealized gain (loss) on investments is allocated monthly in 2021 compared to annually in 2020. The negative
<br />amount is due to rising interest rates. Unrealized losses on investments are greater than interest earnings.
<br />(2) Variance from prior year due to timing of capital purchases. Utilities vehicle (50% charges to Sewer) was purchased in March
<br />2020.
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