11-14-2022 City Council Packet - Laserfiche WebLink

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City of Lino Lakes General Fund Budget to Actual (Unaudited) For the Quarter Ended September 30, 2022 (2) Municipal State Aid (MSA) for street maintenance has been received in full and is $26K over the annual budget amount. Police State Aid also contributed to the favorable variance as the revenue was received in full at the end of September. Partially offsetting the favorable variances from state aid is the solid waste grant from Anoka County which is paid out in one-half increments. The first half was received in Q3 2022 and the second half will not be received until Q 12023. (3) Favorable variance within development activity charges as Land Use Administration, Aerial Map Fee, and Engineering/Planning fees are over budget. (4) Unfavorable variance driven by trial court fines received from Anoka County. (5) Due to rising interest rates unrealized losses on investments are greater than interest earnings. (6) Variance due to Economic Development Intern vacancy (from January to June) and lodging tax remittance. August & September lodging tax was passed through in Quarter 4 (timing difference). (7) Variance primarily due to zoning ordinance updates. The expense is incurred in the 2040 Comp Plan Update Fund; the General Fund dollars are transferred in Quarter 4. (8) August & September engineering services were paid in Quarter 4 (timing difference). (9) Favorable variance due to new Maintenance Worker position vacancy (from January to mid -August), reallocation of Public Services Administrative Assistant, and cost savings realized on trail maintenance within contracted services. (10) Variance due to Recycling Intern vacancy (from January to May) and contracted services. Solid waste expenditures are reimbursed from Anoka County so less expenditures than expected are offset by less grant revenue received. (11) Emerald ash borer grant reimbursable tree removal costs incurred which are not reflected in the contracted services budget. In addition, more diseased trees removed than anticipated.