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05-08-2023 City Council Packet
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05-08-2023 City Council Packet
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5/17/2023 1:21:17 PM
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City Council
Council Document Type
Council Packet
Meeting Date
05/08/2023
Council Meeting Type
Regular
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City of Lino Lakes <br />Rookery Activity Center Fund Budget to Actual (Unaudited) <br />For the Quarter Ended March 31, 2023 Percent <br />Received or <br />Expended <br />Budget Actuals Variance - Based on <br />Annual Thru Thru Favorable Budget Thru <br />Budget 03/31/2023 03/31/2023 (Unfavorable) 03/31/2023 <br />Revenues <br />Property Taxes 325,000$ 81,250$ -$ (81,250)$ *- % <br />Charges For Services 1,414,843 353,711 326,447 (27,264) 92.3 <br />Miscellaneous Revenue 82,978 20,745 16,049 (4,695) 77.4 <br /> Total Revenues 1,822,821 455,705 342,496 (113,209) 75.2 <br />Expenditures <br />Personal Services 1,313,172 328,293 287,082 41,211 87.4 <br />Supplies 89,100 22,275 22,662 (387) 101.7 <br />Services & Charges 305,503 76,376 87,852 (11,476) 115.0 <br />Contractual Services 282,030 70,508 41,124 29,383 (1)58.3 <br /> Total Expenditures 1,989,805 497,451 438,720 58,731 88.2 <br />Revenues Over <br />(Under) Expenditures (166,984)$ (41,746)$ (96,224)$ (54,478)$ <br />* Property tax settlements are received from Anoka County in July (with 70% advance in June) and December. <br />Item Explanation of items with variance greater than $15,000 and percentage less than 80% or greater than 120% <br />(1) Favorable variance primarily a result of fees due to Endurance Fitness in accordance with the Professional Management Services <br />Agreement. The monthly fee is remitted within the applicable month, but the quarterly fee is remitted within 45 day of quarter end <br />(timing difference). The quarterly fee accounts for revenue sharing of personal training and spinning classes. <br />6
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