|
City of Lino Lakes
<br />Sewer Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended June 30, 2024
<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 />Sewer Hook Up Charge 33,000$ 16,500$ 16,600$ 13,260$ 3,340$
<br />Interest On Investments 70,000 35,000 98,322 89,303 9,019
<br />Change in FV of Investments - - 122,179 29,384 92,795 (A)
<br />Sewer Sales 2,071,925 1,035,963 1,111,818 1,043,361 68,457 (B)
<br />Penalty 35,000 17,500 6,472 19,179 (12,707)
<br /> Total Revenues 2,209,925 1,104,963 1,355,391 1,194,487 160,904
<br />Expenditures
<br />Personal Services 450,592 225,296 193,376 181,366 (12,010)
<br />Supplies 91,200 45,600 3,192 22,725 19,533
<br />Services & Charges 355,405 177,703 111,163 182,261 71,098 (C)
<br />Contractual Services 2,127,555 1,063,778 788,331 762,741 (25,590) (D)
<br />Capital Outlay 821,000 410,500 719,256 32,608 (686,648) (E)
<br /> Total Expenditures 3,845,752 1,922,876 1,815,318 1,181,701 (633,617)
<br />Revenues Over
<br />(Under) Expenditures (1,635,827)$ (817,914)$ (459,927)$ 12,786$ (472,713)$
<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 sewer rates combined with an increase in accounts. In addition, there are 40 additional sewer accounts
<br />at the end of Q2 2025, compared to Q2 2024.
<br />(C) Additional professional services in Q1 & Q2 in 2024 for lift station maintenance activities with no similar level of activity
<br />through Q2 2025.
<br />(D) Met Council MCES charges increased 4.2% over 2024 rate.
<br />(E) 2025 CIP Items - Purchase of Vactor Truck (#518) - $637,341, Utilities Truck (#317) - $33,035 (Sewer Portion),
<br /> Lift Station #53 Generator Replacement - $37,375
<br />Page 56 of 228
|