|
City of Lino Lakes
<br />Sewer Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended September 30, 2025
<br />Budget Actuals Prior Year Variance -
<br />Annual Thru Thru Thru Favorable
<br />Budget 09/30/2025 09/30/2025 09/30/2024 (Unfavorable)
<br />Revenues
<br />Sewer Hook Up Charge 33,000$ 24,750$ 20,820$ 20,080$ 740$
<br />Interest On Investments 70,000 52,500 143,855 148,529 (4,674)
<br />Change in FV of Investments - - 167,880 192,094 (24,214) (A)
<br />Sewer Sales 2,071,925 1,553,944 1,680,209 1,576,605 103,604 (B)
<br />Penalty 35,000 26,250 19,182 32,207 (13,025)
<br /> Total Revenues 2,209,925 1,657,444 2,031,946 1,969,515 62,431
<br />Expenditures
<br />Personal Services 450,592 337,944 291,601 290,087 (1,514)
<br />Supplies 91,200 68,400 20,253 25,870 5,617
<br />Services & Charges 355,405 266,554 179,160 251,196 72,036 (C)
<br />Contractual Services 2,127,555 1,595,666 1,180,103 1,086,744 (93,359) (D)
<br />Capital Outlay 821,000 615,750 720,481 64,742 (655,739) (E)
<br /> Total Expenditures 3,845,752 2,884,314 2,391,598 1,718,639 (672,959)
<br />Revenues Over
<br />(Under) Expenditures (1,635,827)$ (1,226,870)$ (359,652)$ 250,876$ (610,528)$
<br />Item Explanation of items with variance greater than $20,000
<br />(A)Interest rates and unrealized gains are favorable and surpassing budget expectations, but are slightly behind Q3 2024.
<br />(B)Increase in sewer rates combined with an increase in accounts. In addition, there are 97 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 323 of 406
|