Laserfiche WebLink
City of Lino Lakes <br />General Fund Budget to Actual (Unaudited) <br />For the Quarter Ended March 31, 2025 <br />(B) Most of these annual, formula -based intergovernmental revenues are received during the 3rd and 4th quarters <br />Early Distribution of Municipal State Aid for Streets received in Q 1, approximately $15,000 ahead of prior year. <br />(C) Interest rates are favorable and surpassing budget expectations and Q1 2024 performance. <br />(D) Annual fees of $105K for (2025) financial ERP software (BS&A) was paid in January 2025. <br />(E) Low level of activity in Q1 of 2025, as most Engineering activity year-to-date has been projects -related and/or developer <br />paid activity. Expense is approximately $8K less than Q1 of 2024. <br />(F) Under budget for Q1 2025 but comparable to prior year Q1 activity, budget savings in health insurance expense due to actual <br />enrollments vs budgeted enrollments. <br />(G) Under budget for Q1 2025 but comparable to prior year Q1 activity. Expense is approximately $14K less than Q1 of 2024, <br />primarily in contracted services. <br />(H) Favorable variances in Supplies, Patching Materials, Utilities, and Contracted Services, some of which are seasonal in nature. <br />Expense is approximately $24K ahead of Q1 2024, related to planned increase in personal services expense. <br />(I) Property & Liability Insurance expensed in January, similar to 2024. Electic and Gas Utilities ahead of 2025 budget, and <br />approximately $15K and $7K, more than Q1 2024, respectively, Supplies and Small tools are slightly ahead of 2025 budget. <br />and Q 1 2024 <br />(J) Favorable variances Temporary/Seasonal Wages, Utilities, and Contracted Services which are seasonal in nature (i.e. seasonal <br />workers, irrigation, portable restrooms, weed control, trail maintenance, etc.) and will be utilized throughout the Summer/Fall. <br />(K) Low level of activity in Q1 of 2025. Expense is approximately $500 more than Q1 of 2024. <br />