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Revenues
<br />Water Hook Up Charge
<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 March 31, 2025
<br />Budget
<br />Actuals
<br />Prior Year
<br />Variance -
<br />Annual Thru
<br />Thru
<br />Thru
<br />Favorable
<br />Budget 03/31/2025
<br />03/31/2025
<br />03/31/2024
<br />(Unfavorable)
<br />$ 41,250 $
<br />10,313 $
<br />12,500 $
<br />7,000 $
<br />5,500
<br />85,000
<br />21,250
<br />30,547
<br />17,116
<br />13,430
<br />5,000
<br />1,250
<br />-
<br />45
<br />(45)
<br />60,000
<br />15,000
<br />42,467
<br />39,105
<br />3,362
<br />-
<br />-
<br />51,863
<br />7,769
<br />44,094
<br />1,800
<br />450
<br />860
<br />405
<br />455
<br />768,700
<br />192,175
<br />178,448
<br />137,268
<br />41,179
<br />1,538,774
<br />384,694
<br />222,267
<br />184,633
<br />37,634
<br />40,000
<br />10,000
<br />-
<br />9,687
<br />(9,687)
<br />2,540,524
<br />635,131
<br />538,951
<br />403,028
<br />135,923
<br />439,852
<br />109,963
<br />438,000
<br />109,500
<br />549,285
<br />137,321
<br />12,995
<br />3,249
<br />741,000
<br />185,250
<br />888,700
<br />222,175
<br />3,069,832
<br />767,458
<br />(A)
<br />(B)
<br />(C)
<br />100,351
<br />86,577
<br />(13,774)
<br />40,952
<br />75,681
<br />34,728 (D)
<br />166,852
<br />87,672
<br />(79,180) (E)
<br />3,551
<br />3,177
<br />(375)
<br />311,707
<br />253,106
<br />(58,601)
<br />$ (529,308) $ (132,327) $ 227,244 $ 149,922 $ 77,323
<br />Item Explanation of items with variance greater than $20,000
<br />(A) Interest rates and unrealized gains are favorable and surpassing budget expectations and Q 1 2024 performance.
<br />(B) Increase in water rates combined with an increase in accounts. The Flat Water Charge increased from $20/Quarter/REU to
<br />$25/Quarter/REU in Q1 2025 due to financing a Water Treatment Plant. In addition, there were 6,282 accounts in Q1 2025
<br />compared to 5,802 accounts in Q1 2024.
<br />(C) Approximately 10% increase in water consumption, with the resulting revenue increase due to the increased number of billed
<br />accounts, and rate increase.
<br />(D) Supplies variance to Q1 2024 is due to $40,000 less in Water Meters purchased in 2025, timing differences in purchases. Water
<br />meter inventory is purchased on a periodic basis to anticipate new connections and replacement needs, supply chain/availability
<br />issues have persisted in recent years.
<br />(E) Approximately $75K in 2025 expenses for well and pump rehabs, and watermain repairs, no similar Q 1 2024 activity.
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