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City of Lino Lakes
<br />Storm Water Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended March 31, 2024
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budget 03/31/2024 03/31/2024 03/31/2023 (Unfavorable)
<br />Revenues
<br />Interest On Investments 3,000$ 750$ 2,604$ 1,471$ 1,133$
<br />Change in FV of Investments - - 400 3,067 (2,667)
<br />Penalty 10,000 2,500 1,691 2,086 (395)
<br />Storm Water Utility 536,470 134,118 116,550 113,716 2,834
<br /> Total Revenues 549,470 137,368 121,245 120,340 904
<br />Expenditures
<br />Personal Services 199,361 49,840 52,060 41,625 (10,435)
<br />Supplies 24,000 6,000 487 - (487)
<br />Services & Charges 45,150 11,288 3,636 4,178 541
<br />Contractual Services 227,500 56,875 (13,678) 116,505 130,183 (1)
<br />Capital Outlay 53,459 13,365 - - -
<br /> Total Expenditures 549,470 137,368 42,506 162,308 119,802
<br />Revenues Over
<br />(Under) Expenditures -$ -$ 78,738$ (41,968)$ 120,706$
<br />Item Explanation of items with variance greater than $20,000
<br />(1) Negative expense in current year due to reversal of 2023 Surface Water Management Project retainage at 12/31/2023 that has
<br />yet to be paid to the contractor in 2024. Favorable variance due to timing difference in expenditures as projects are typically
<br />completed in the winter spanning multiple fiscal years.
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