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City of Lino Lakes
<br />Storm Water Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended September 30, 2023
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budget 09/30/2023 09/30/2023 09/30/2022 (Unfavorable)
<br />Revenues
<br />Penalties & Interest -$ -$ 2$ -$ 2
<br />Interest On Investments - - 5,747 (3,125) 8,872
<br />Change in FV of Investments - - 1,569 - 1,569
<br />Penalty - - 9,411 3,564 5,847
<br />Storm Water Utility 536,470 402,353 421,680 366,429 55,251 (1)
<br /> Total Revenues 536,470 402,353 438,408 366,868 71,540
<br />Expenditures
<br />Personal Services 195,385 146,539 95,067 85,156 (9,910)
<br />Supplies 24,000 18,000 - 11,467 11,467
<br />Services & Charges 45,305 33,979 37,906 15,930 (21,977) (2)
<br />Contractual Services 227,500 170,625 166,945 11,794 (155,152) (2)
<br />Capital Outlay 44,280 33,210 - - -
<br /> Total Expenditures 536,470 402,353 299,918 124,347 (175,571)
<br />Revenues Over
<br />(Under) Expenditures -$ -$ 138,490$ 242,522$ (104,032)$
<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.
<br />(3)Municipal Engineer and Contracted Services account for costs in relation to the annual Storm Water Maintenance Project. Prior
<br />to 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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