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City of Lino Lakes
<br />Water Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended June 30, 2025
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budget 06/30/2025 06/30/2025 06/30/2024 (Unfavorable)
<br />Revenues
<br />Water Hook Up Charge 41,250$ 20,625$ 20,760$ 16,250$ 4,510$
<br />Water Meter Sales 85,000 42,500 54,647 43,472 11,175
<br />Irrigation Controller Sales 5,000 2,500 1,485 1,980 (495)
<br />Interest On Investments 60,000 30,000 73,577 65,892 7,685
<br />Change in FV of Investments - - 90,369 21,896 68,473 (A)
<br />Miscellaneous Revenue 1,800 900 5,171 695 4,476
<br />Flat Water Charge 768,700 384,350 379,119 291,374 87,745 (B)
<br />Water Sales 1,538,774 769,387 558,861 384,791 174,070 (C)
<br />Penalty 40,000 20,000 5,108 20,557 (15,449)
<br /> Total Revenues 2,540,524 1,270,262 1,189,097 846,907 342,190
<br />Expenditures
<br />Personal Services 439,852 219,926 186,967 172,848 (14,119)
<br />Supplies 438,000 219,000 136,497 191,174 54,677 (D)
<br />Services & Charges 549,285 274,643 308,967 143,471 (165,496) (E)
<br />Contractual Services 12,995 6,498 12,866 8,160 (4,706)
<br />Capital Outlay 741,000 370,500 34,270 32,608 (1,662)
<br />Transfers Out 888,700 444,350 - - -
<br /> Total Expenditures 3,069,832 1,534,916 679,567 548,261 (131,306)
<br />Revenues Over
<br />(Under) Expenditures (529,308)$ (264,654)$ 509,530$ 298,646$ 210,884$
<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 Q2 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 are 40 additional water accounts
<br />at the end of Q2 2025, compared to Q2 2024.
<br />(C) Approximately 30% increase in water consumption through Q2 2025 vs 2024, with the remaing revenue increase due to the
<br /> increased number of billed 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.
<br />Water meter inventory is purchased on a periodic basis to anticipate new connections and replacement needs,
<br /> supply chain/availability issues have persisted in recent years.
<br />(E) Approximately $100K in 2025 expenses for well and pump rehabs, and watermain repairs, no similar activity through Q2 2024.
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