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City of Lino Lakes
<br />Storm 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 />Budget 06/30/2024 06/30/2024 06/30/2023 (Unfavorable
<br />Revenues
<br />Interest On Investments $
<br />3,000 $
<br />1,500 $
<br />4,884 $
<br />3,019 $
<br />1,865
<br />Change in FV of Investments
<br />-
<br />-
<br />1,988
<br />1,393
<br />594
<br />Penalty
<br />10,000
<br />5,000
<br />5,828
<br />6,803
<br />(975)
<br />Storm Water Utility
<br />536,470
<br />268,235
<br />312,208
<br />306,895
<br />5,313
<br />Total Revenues
<br />549,470
<br />274,735
<br />324,908
<br />318,111
<br />6,797
<br />Expenditures
<br />Personal Services
<br />199,361
<br />99,681
<br />94,788
<br />65,016
<br />(29,772) (1)
<br />Supplies
<br />24,000
<br />12,000
<br />604
<br />-
<br />(604)
<br />Services & Charges
<br />45,150
<br />22,575
<br />10,429
<br />13,780
<br />3,352
<br />Contractual Services
<br />227,500
<br />113,750
<br />(4,190)
<br />116,793
<br />120,983 (2)
<br />Capital Outlay
<br />53,459
<br />26,730
<br />-
<br />-
<br />-
<br />Total Expenditures
<br />549,470
<br />274,735
<br />101,631
<br />195,590
<br />93,959
<br />Revenues Over
<br />(Under) Expenditures $
<br />- $
<br />- $
<br />223,276 $
<br />122,521 $
<br />100,756
<br />Item Explanation of items with variance greater than $20,000
<br />(1) Personal Services are higher in 2024 due to a vacancy in the Storm Water Maintenance Worker position in 2023.
<br />(2) 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.
<br />9
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