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Revenues
<br />Water Hook Up Charge
<br />Water Meter Sales
<br />Irrigation Controller Sales
<br />Interest On Investments
<br />Miscellaneous Revenue
<br />Flat Water Charge
<br />Water Sales
<br />Penalty
<br />Total Revenues
<br />Expenditures
<br />Personal Services
<br />Supplies
<br />Services & Charges
<br />Contractual Services
<br />Depreciation
<br />Capital Outlay
<br />Transfers Out
<br />Total Expenditures
<br />Revenues Over
<br />(Under) Expenditures
<br />City of Lino Lakes
<br />Water Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended March 31, 2022
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budget 03/31/2022 03/31/2022 03/31/2021 (Unfavorable)
<br />$ 41,250 $
<br />10,313
<br />78,260
<br />19,565
<br />5,000
<br />1,250
<br />50,000
<br />12,500
<br />2,500
<br />625
<br />287,680
<br />71,920
<br />1,268,772
<br />317,193
<br />22,000
<br />5,500
<br />1,755,462
<br />438,866
<br />391,147
<br />97,787
<br />285,000
<br />71,250
<br />306,007
<br />76,502
<br />10,258
<br />2,565
<br />783,605
<br />195,901
<br />1,765,015
<br />441,254
<br />407,680
<br />101,920
<br />3,948,712
<br />987,178
<br />$ 6,500 $
<br />16,750
<br />(10,250)
<br />14,524
<br />30,282
<br />(15,758)
<br />1,350
<br />1,235
<br />115
<br />(151,435)
<br />(12,813)
<br />(138,622) (1)
<br />494
<br />635
<br />(141)
<br />71,151
<br />-
<br />71,151 (2)
<br />163,343
<br />157,093
<br />6,250
<br />5,077
<br />4,094
<br />983
<br />111,004
<br />197,276
<br />(86,272)
<br />65,875
<br />62,879
<br />(2,996)
<br />49,249
<br />23,917
<br />(25,332) (3)
<br />48,941
<br />43,702
<br />(5,239)
<br />1,412
<br />2,266
<br />854
<br />36,832
<br />8,088
<br />(28,743) (4)
<br />202,309 140,852 (61,456)
<br />$ (2,193,250) $ (548,313) $ (91,305) $ 56,423 $ (147,728)
<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) Due to rising interest rates unrealized losses on investments are greater than interest earnings.
<br />(2) Previously accounted for in the Area and Unit Fund, the Flat Water Charge was moved to the Water Fund in 2022 as a result of
<br />the rate study performed by Baker Tilly in 2021.
<br />(3) Irrigation controllers were purchased in February in the current year compared to April in the prior year.
<br />(4) Variance from prior year due to timing of capital purchases. Utilities vehicle (50% charged to Sewer) was purchased in February.
<br />In addition, small amount incurred for the Water Tower No. 2 Rehabilitation project.
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