|
Revenues
<br />Penalties & Interest
<br />Sewer Hook Up Charge
<br />Interest On Investments
<br />Change in FV of Investments
<br />Refunds & Reimbursements
<br />Sewer Sales
<br />Penalty
<br />Total Revenues
<br />Expenditures
<br />Personal Services
<br />Supplies
<br />Services & Charges
<br />Contractual Services
<br />Capital Outlay
<br />Total Expenditures
<br />Revenues Over
<br />(Under) Expenditures
<br />City of Lino Lakes
<br />Sewer Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended September 30, 2024
<br />Budget
<br />Actuals
<br />Prior Year
<br />Variance -
<br />Annual
<br />Thru
<br />Thru
<br />Thru
<br />Favorable
<br />Budget
<br />09/30/2024
<br />09/30/2024
<br />09/30/2023
<br />(Unfavorable)
<br />$ -
<br />$ -
<br />$ 318
<br />$ 47
<br />$ 271
<br />33,000
<br />24,750
<br />20,080
<br />18,630
<br />1,450
<br />80,000
<br />60,000
<br />148,529
<br />154,252
<br />(5,723)
<br />-
<br />-
<br />192,094
<br />55,422
<br />136,672 (1)
<br />-
<br />-
<br />602
<br />-
<br />602
<br />1,979,432
<br />1,484,574
<br />1,576,003
<br />1,496,390
<br />79,614 (2)
<br />30,000
<br />22,500
<br />31,889
<br />29,123
<br />2,766
<br />2,122,432
<br />1,591,824
<br />1,969,515
<br />1,753,864
<br />215,652
<br />428,714
<br />321,536
<br />290,087
<br />249,766
<br />(40,321) (3)
<br />90,200
<br />67,650
<br />25,870
<br />8,726
<br />(17,145)
<br />348,113
<br />261,085
<br />251,196
<br />252,614
<br />1,418
<br />1,373,738
<br />1,030,304
<br />1,086,744
<br />1,031,020
<br />(55,724) (4)
<br />157,500
<br />118,125
<br />64,742
<br />31,250
<br />(33,492) (5)
<br />2,398,265
<br />1,798,699
<br />1,718,640
<br />1,573,375
<br />(145,264)
<br />$ (275,833)
<br />$ (206,875)
<br />$ 250,876
<br />$ 180,488
<br />$ 70,388
<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 sewer rates combined with an increase in accounts. There were 5,862 accounts in Q3 2024 compared to 5,708 in
<br />Q3 2023.
<br />(3) Unfavorable variance due to a Maintenance Worker vacancy from 2023 filled in 2024.
<br />(4) Unfavorable variance due to Met Council Environmental Services Sewer Charge increase in 2024.
<br />(5) 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 Water). In the prior year, a towable generator was purchased.
<br />8
<br />
|