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City of Lino Lakes
<br />Storm Water Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended March 31, 2023
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budget 03/31/2023 03/31/2023 03/31/2022 (Unfavorable)
<br />Revenues
<br />Interest On Investments -$ -$ 1,471$ (172)$ 1,642$
<br />Change in FV of Investments - - 3,067 - 3,067
<br />Penalty - - 2,086 - 2,086
<br />Storm Water Utility 536,470 134,118 113,716 62,954 50,763 (1)
<br /> Total Revenues 536,470 134,118 120,340 62,782 57,559
<br />Expenditures
<br />Personal Services 195,385 48,846 41,625 17,913 (23,712) (2)
<br />Supplies 24,000 6,000 - - -
<br />Services & Charges 45,305 11,326 4,178 1,722 (2,455)
<br />Contractual Services 227,500 56,875 116,505 549 (115,956) (3)
<br />Capital Outlay 44,280 11,070 - - -
<br /> Total Expenditures 536,470 134,118 162,308 20,185 (142,123)
<br />Revenues Over
<br />(Under) Expenditures -$ -$ (41,968)$ 42,597$ (84,564)$
<br />Item Explanation of items with variance greater than $20,000
<br />(1) In 2022 the City Council approved the establishment of a Storm Water Utility to fund the operation and management of the
<br />City's Storm Water Infrastructure. The fee for single family residential is $12 per quarter. The fee for multi-family residential,
<br />commercial, institutional, and industrial properties is $175 per acre of impervious per quarter. Residents currently not connected
<br />to city water and sewer received an annual storm water utility bill due in May 2022.
<br />(2) Unfavorable variance due to the reallocation of staff and workers compensation insurance premiums.
<br />(3) Contracted services accounts for contractor payments in relation to the annual Storm Water Maintenance Project. Prior to
<br />the implementation of the Storm Water Utility, maintenance project costs were accounted for in the Storm Water Maintenance
<br />Fund which was supported by property taxes.
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