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Revenues
<br />Water Hook Up Charge
<br />Other Grant
<br />Water Meter Sales
<br />Irrigation Controller Sales
<br />Interest On Investments
<br />Change in FV of Investments
<br />Miscellaneous Revenue
<br />Flat Water Charge
<br />Water Sales
<br />Penalty
<br />Total Revenues
<br />Expenditures
<br />Personal Services
<br />Supplies
<br />Services & Charges
<br />Contractual Services
<br />Capital Outlay
<br />Transfers Out
<br />Total Expenditures
<br />Revenues Over
<br />(Under) Expenditures
<br />City of Lino Lakes
<br />Water Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended June 30, 2024
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budcet 06/30/2024 06/30/2024 06/30/2023 (Unfavorable
<br />$ 41,250 $
<br />20,625 $
<br />16,250 $
<br />12,500 $
<br />3,750
<br />-
<br />-
<br />115
<br />4,895
<br />(4,780)
<br />100,000
<br />50,000
<br />43,472
<br />50,123
<br />(6,651)
<br />5,000
<br />2,500
<br />1,980
<br />2,950
<br />(970)
<br />50,000
<br />25,000
<br />65,892
<br />53,314
<br />12,578
<br />-
<br />-
<br />21,896
<br />31,546
<br />(9,650)
<br />1,800
<br />900
<br />580
<br />190
<br />390
<br />601,760
<br />300,880
<br />291,374
<br />207,671
<br />83,703 (1)
<br />1,450,533
<br />725,267
<br />384,791
<br />382,539
<br />2,252
<br />34,000
<br />17,000
<br />20,557
<br />17,915
<br />2,642
<br />2,284,343
<br />1,142,172
<br />846,907
<br />763,641
<br />83,266
<br />415,378
<br />207,689
<br />172,848
<br />159,358
<br />(13,490)
<br />387,000
<br />193,500
<br />191,174
<br />132,087
<br />(59,087) (2)
<br />356,257
<br />178,129
<br />143,471
<br />145,262
<br />1,791
<br />12,995
<br />6,498
<br />8,160
<br />4,594
<br />(3,566)
<br />157,500
<br />78,750
<br />32,608
<br />9,868
<br />(22,741) (3)
<br />731,760
<br />365,880
<br />-
<br />-
<br />-
<br />2,060,890
<br />1,030,445
<br />548,262
<br />451,169
<br />(97,092)
<br />$ 223,453 $
<br />111,727 $
<br />298,645 $
<br />312,472 $
<br />(13,826)
<br />Item Explanation of items with variance greater than $20,000
<br />(1) Increase in water rates combined with an increase in accounts. The Flat Water Charge increased from $15/Quarter/REU to
<br />$20/Quarter/REU in January 2024 due to financing the Water Treatment Plant. In addition, there were 5,823 accounts in Q2 2024
<br />compared to 5,678 in Q2 2023.
<br />(2) The supply chain for water meters was delayed after the COVID-19 Pandemic; meters are purchased when available from the
<br />supplier and more have been available in 2024 compared to previous years. There are still irrigation controllers on hand from 2024
<br />so more inventory has not been purchased.
<br />(3) Variance from prior year due to timing of capital projects and purchases. A truck (Ford F250 #514) was purchased in 2024
<br />(with 50% charged to Sewer). In the prior year, the Water Tower #2 Rehabilitation Project wrapped up.
<br />VA
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