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Exhibit C
<br /> CITY OF MOUNDS VIEW,MINNESOTA
<br /> STATEMENT OF REVENUES AND EXPENSES
<br /> BUDGET AND ACTUAL
<br /> FOR THE NINE MONTHS ENDED SEPTEMBER 30
<br /> WATER FUND
<br /> Percent
<br /> Received or
<br /> Expended
<br /> Actual Actual Variance- Based on
<br /> Annual Thru Thru Favorable Actuals Thru
<br /> Budget 09/30/23 09/30/24 (Unfavorable) 09/30/24
<br /> REVENUES
<br /> User charges $ 1,526,244 $ 987,858 $ 896,279 $ (91,579) 90.7%
<br /> Connection charges 2,000 1,900 2,600 700 136.8
<br /> Other 10,000 19,672 23,778 4,106 120.9
<br /> Interest earnings 2,000 - - - N/A
<br /> TOTAL REVENUES 1,540,244 1,009,430 922,658 (86,773) 91.4
<br /> EXPENSES
<br /> Personnel expenses 561,390 351,291 379,997 (28,706) 108.2
<br /> Supplies and materials 92,752 84,980 57,191 27,789 67.3
<br /> Other services and charges 415,557 329,009 366,987 (37,977) 111.5
<br /> Water purchases - - - N/A
<br /> Depreciation 200,000 - - N/A
<br /> Capital expenses 615,000 700,877 841,508 (140,631) 120.1
<br /> Debt service 434,148 434,755 433,355 1,400 99.7
<br /> TOTAL EXPENSES 2,318,847 1,900,913 2,079,038 (178,125) 109.4
<br /> Bond Proceeds - - - N/A
<br /> Transfers in - N/A
<br /> Transfers out 183,258 N/A
<br /> EXCESS(DEFICIT)REVENUES OVER EXPENSES $ (961,861) $ (891,483) $ (1,156,381) $ (264,898) 129.7%
<br /> Water Sales Comparison
<br /> $1.60
<br /> 0
<br /> $1.40
<br /> $1.20
<br /> $1.00
<br /> $0.80
<br /> $0.60
<br /> $0.40
<br /> $0.20
<br /> $- Q1 Q2 Q3 Q4
<br /> -2022 1 280,465.17 534,094.59 873,641.22 1,388,104.32
<br /> -2023 305,786.46 572,129.18 987,857.87 1,428,487.42
<br /> -2024 274,254.09 562,261.32 896,279.11
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