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Revenues
<br />Penalties & Interest
<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 />Refunds & Reimbursements
<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 September 30, 2024
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budcet 09/30/2024 09/30/2024 09/30/2023 (Unfavorable
<br />$ - $
<br />-
<br />$ 299 $
<br />46 $
<br />253
<br />41,250
<br />30,938
<br />23,750
<br />22,250
<br />1,500
<br />-
<br />-
<br />4,945
<br />6,734
<br />(1,790)
<br />100,000
<br />75,000
<br />62,607
<br />72,147
<br />(9,540)
<br />5,000
<br />3,750
<br />2,880
<br />3,715
<br />(835)
<br />50,000
<br />37,500
<br />111,348
<br />88,824
<br />22,523
<br />(1)
<br />-
<br />-
<br />146,892
<br />32,555
<br />114,337
<br />(1)
<br />1,800
<br />1,350
<br />1,160
<br />2,335
<br />(1,175)
<br />-
<br />-
<br />247
<br />(247)
<br />601,760
<br />451,320
<br />446,070
<br />320,493
<br />125,577
<br />(2)
<br />1,450,533
<br />1,087,900
<br />811,304
<br />1,212,728
<br />(401,424)
<br />(3)
<br />34,000
<br />25,500
<br />34,325
<br />30,636
<br />3,689
<br />2,284,343
<br />1,713,257
<br />1,645,578
<br />1,792,710
<br />(147,132)
<br />415,378
<br />311,534
<br />278,357
<br />238,817
<br />(39,540)
<br />(4)
<br />387,000
<br />290,250
<br />278,722
<br />300,273
<br />21,551
<br />(5)
<br />356,257
<br />267,193
<br />223,807
<br />285,742
<br />61,935
<br />(6)
<br />12,995
<br />9,746
<br />17,159
<br />9,689
<br />(7,470)
<br />157,500
<br />118,125
<br />64,742
<br />41,284
<br />(23,458)
<br />(7)
<br />731,760
<br />548,820
<br />-
<br />-
<br />-
<br />2,060,890
<br />1,545,668
<br />862,787
<br />875,804
<br />13,018
<br />$ 223,453 $
<br />167,590 $
<br />782,792 $
<br />916,906 $
<br />(134,114)
<br />Item Explanation of items with variance greater than $20,000
<br />(1) Interest rates are favorable and surpassing budget expectations.
<br />(2) 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 5,862 accounts in Q3
<br />2024 compared to 5,708 in Q3 2023.
<br />(3) More rainfall was experienced in 2024 resulting in less lawn irrigation. Water consumption was 167,138,000 gallons in Q3 2024
<br />compared to 312,432,000 gallons in Q3 2023.
<br />(4) Unfavorable variance due to a Maintenance Worker vacancy from 2023 filled in 2024.
<br />(5) Favorable variance due to irrigation controllers on hand from 2023; no more have needed to be purchased in 2024.
<br />(6) Favorable variance due to less water main repairs and well house irrigation compared to 2023.
<br />(7) 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.
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