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Revenues
<br />Sewer Hook Up Charge
<br />Interest On Investments
<br />Sewer 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 />Total Expenditures
<br />Revenues Over
<br />(Under) Expenditures
<br />City of Lino Lakes
<br />Sewer Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended June 30, 2022
<br />Budget
<br />Actuals
<br />Prior Year
<br />Variance -
<br />Annual
<br />Thru
<br />Thru
<br />Thru
<br />Favorable
<br />Budget
<br />06/30/2022
<br />06/30/2022
<br />06/30/2021
<br />(Unfavorable)
<br />$ 33,000
<br />$ 16,500
<br />$ 12,220
<br />$ 34,094
<br />$ (21,874) (1)
<br />80,000
<br />40,000
<br />(329,115)
<br />(10,805)
<br />(318,310) (2)
<br />1,762,586
<br />881,293
<br />934,395
<br />891,433
<br />42,963 (3)
<br />26,000
<br />13,000
<br />11,568
<br />11,562
<br />7
<br />1,901,586
<br />950,793
<br />629,068
<br />926,283
<br />(297,214)
<br />400,372
<br />200,186
<br />60,000
<br />30,000
<br />301,997
<br />150,999
<br />1,094,501
<br />547,251
<br />574,323
<br />287,162
<br />115,015
<br />57,508
<br />2,546,208
<br />1,273,104
<br />162,093
<br />145,755
<br />(16,339)
<br />19,843
<br />1,619
<br />(18,224)
<br />116,630
<br />90,354
<br />(26,276) (4)
<br />637,090
<br />581,382
<br />(55,708) (5)
<br />33,169
<br />47,430
<br />14,261
<br />968,826
<br />866,540
<br />(102,286)
<br />$ (644,622) $ (322,311) $ (339,758) $ 59,742 $ (399,500)
<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) Roughly 63 new customers YTD in 2022 compared to 171 in 2021.
<br />(2) Due to rising interest rates unrealized losses on investments are greater than interest earnings.
<br />(3) Increase in sales primarily due to the Watermark Residential Development.
<br />(4) Variance due to an increase in engineering for East Shadow Sanitary Replace and IT services & support. Payment processing fees
<br />for utility billing payments was accounted for within contracted services in 2021.
<br />(5) Met Council Environmental Services Sewer Charges increased 10% in 2022. The increase was budgeted.
<br />7
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