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Revenues
<br />Penalties & Interest
<br />Sewer Hook Up Charge
<br />Interest On Investments
<br />Refunds & Reimbursements
<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 September 30, 2022
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budget 09/30/2022 09/30/2022 09/30/2021 (Unfavorable)
<br />33,000
<br />24,750
<br />80,000
<br />60,000
<br />1,762,586
<br />1,321,940
<br />26,000
<br />19,500
<br />1,901,586
<br />1,426,190
<br />400,372
<br />300,279
<br />60,000
<br />45,000
<br />301,997
<br />226,498
<br />1,094,501
<br />820,876
<br />574,323
<br />430,742
<br />115,015
<br />86,261
<br />2,546,208
<br />1,909,656
<br />$ 23 $
<br />171 $
<br />(149)
<br />23,060
<br />51,167
<br />(28,107) (1)
<br />(463,198)
<br />(15,691)
<br />(447,507) (2)
<br />22
<br />15,276
<br />(15,254)
<br />1,405,917
<br />1,339,127
<br />66,790 (3)
<br />21,383
<br />17,165
<br />4,219
<br />987,207
<br />1,407,214
<br />(420,007)
<br />242,133 221,393 (20,740) (4)
<br />51,783 7,419 (44,364) (5)
<br />185,245 136,834 (48,411) (6)
<br />910,322 749,693 (160,629) (7)
<br />202,875 57,430 (145,445) (8)
<br />1,592,359 1,172,769 (419,590)
<br />$ (644,622) $ (483,467) $ (605,152) $ 234,445 $ (839,597)
<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 115 new customers YTD in 2022 compared to 255 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) Increase primarily due to the reallocation of staff and increase in workers compensation insurance in 2022.
<br />(5) Variance primarily due to more maintenance supplies expense incurred for lift station pump repairs and replacements.
<br />(6) Variance due to an increase in engineering for the East Shadow Lake Drive Sanitary Replacement project and IT
<br />services & support. Payment processing fees for utility billing payments was accounted for within contracted services in 2021.
<br />(7) Met Council Environmental Services Sewer Charges increased 10% in 2022. The increase was budgeted.
<br />(8) Variance from prior year due to timing of capital projects and purchases. Utilities vehicle (50% charged to Water) was replaced in
<br />both years, while expenses for a new lift station generator were also incurred in 2021, and East Shadow Lake Drive Sanitary
<br />Replacement project expenses have been incurred in 2022.
<br />7
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