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City of Lino Lakes <br />General Fund Budget to Actual (Unaudited) <br />For the Quarter Ended March 31, 2023 <br />(3) Interest rates are favorable and surpassing budget expectations. Portfolio market yield is 4.49% compared to 1.63% at <br />March 31, 2022. <br />(4) Gas franchise fees are surpassing budget expectations as Centennial Utilities customers and usage increase. <br />(5) Favorable variance due to vacancies in the City Clerk and Deputy City Clerk positions slightly offset by unfavorable variance in <br />contracted services due to the annual CivicPlus website maintenance paid in full. <br />(6) Favorable variance due to Economic Development Intern vacancy and lodging tax remittance. March lodging tax was remitted <br />to the Twin Cities Gateway in April (timing difference). <br />(7) February and March engineering services paid in second quarter (timing difference). <br />(8) Unfavorable variance due to the purchase of shop parts to keep in stock, professional services to mount and install new tires on <br />a loader, auto insurance premiums paid through August, and an unreimbursed insurance claim resulting from damage to a plow truck. <br />(9) Unfavorable variance due to general liability, property, and excess liability insurance premiums paid through August. Slightly offset <br />by a favorable variance in professional services which accounts for repairs in City buildings. <br />(10) Favorable variance due to the contracted services budget which is seasonal in nature (i.e. portable restrooms, weed control, trail <br />maintenance, etc.) that will be utilized throughout the Summer/Fall. <br />(11) Contingency does not get any expenditures coded to it, instead that budget is allocated to other line items with budget amendments <br />as needed. <br />5