05-23-2022 Council Packet - Laserfiche WebLink

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City of Lino Lakes General Fund Budget to Actual (Unaudited) For the Quarter Ended March 31, 2022 (2) Variance primarily due to Police Other Revenues over budget; School Resource Officer and Eagle Brook Church reimbursements are the main revenues accounted for in Police Other Revenues. Following a decrease in reimbursable activity during the COVID-19 Pandemic this budget could potentially be increased. (3) Due to rising interest rates unrealized losses on investments are greater than interest earnings. (4) Circle Pines Gas Franchise Fee greater than anticipated for first quarter. (5) Budgeted transfers are recorded in full each January. (6) Variance primarily due to payroll timing difference (three weeks of March paid in April). (7) Variance due to Economic Development Intern vacancy and lodging tax remittance. March lodging tax was passed through in May (timing difference) while lodging revenues are typically higher in the summer/fall. (8) February and March retainer paid in second quarter (timing difference) while hourly engineering consultant services are under budget. (9) Variance due to payroll timing difference (three weeks of March paid in April) and Building Inspector vacancy. (10) Woodridge Estates Street Lights and Wiring project within capital outlay will be completed later in the year. Contracted services consist of mostly seasonal expenses (patching/street repairs, median and round -a -bout maintenance). (11) Unfavorable variance due to general liability, property, and excess liability insurance premiums (paid through the end of August 2022) partially offset by a favorable variance in professional services for building and HVAC repairs. (12) Variance due to payroll timing difference (three weeks of March paid in April), new Maintenance Worker position vacancy, and reallocation of Public Services Administrative Assistant; remaining budget is mostly seasonal and will be utilized throughout the summer and fall. Negative expense in capital outlay contributing to the variance is due to Tower Park Hard Court Facility retainage at 12/31/2021 which has not yet been paid. (13) Emerald ash borer grant reimbursable tree removal costs incurred before the grant has been received. Outside of the grant, more diseased trees removed than anticipated. (14) Budgeted transfers are recorded in full each January slightly offset by a favorable contingency variance. Contingency does not get any expenditures coded to it, instead that budget is allocated to other line items with budget amendments as needed.