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Exhibit D
<br />CITY OF MOUNDS VIEW, MINNESOTA
<br />STATEMENT OF REVENUES AND EXPENSES
<br />BUDGET AND ACTUAL
<br />FOR THE THREE MONTHS ENDED MARCH 31
<br />SEWER FUND
<br />Percent
<br />Received or
<br />Expended
<br />Actual Actual Variance - Based on
<br />Annual Thru Thru Favorable Actuals Thru
<br />Budget 03/31/24 03/31/25 (Unfavorable) 03/31/25
<br />REVENUES
<br />User charges
<br />$ 2,168,530 $
<br />488,026 $
<br />541,828 $
<br />53,802
<br />111.0 %
<br />Connection charges
<br />-
<br />1,900
<br />2,050
<br />150
<br />107.9
<br />Other
<br />15,800
<br />9,397
<br />10,964
<br />1,567
<br />116.7
<br />Interest earnings
<br />-
<br />-
<br />-
<br />-
<br />N/A
<br />TOTAL REVENUES
<br />2,184,330
<br />499,323
<br />554,842
<br />55,519
<br />111.1
<br />EXPENSES
<br />Personnel expenses
<br />510,420
<br />100,743
<br />87,051
<br />13,692
<br />86.4
<br />Supplies and materials
<br />44,525
<br />4,159
<br />5,592
<br />(1,433)
<br />134.4
<br />Other services and charges
<br />1,370,290
<br />444,803
<br />435,317
<br />9,486
<br />97.9
<br />Wastewater charges
<br />-
<br />-
<br />-
<br />-
<br />N/A
<br />Depreciation
<br />129,780
<br />N/A
<br />Capital expenses
<br />1,030,000
<br />N/A
<br />Debt service
<br />-
<br />-
<br />-
<br />-
<br />N/A
<br />TOTAL EXPENSES
<br />3,085,015
<br />549,705
<br />527,960
<br />21,745
<br />96.0
<br />Bond Proceeds
<br />-
<br />-
<br />-
<br />-
<br />N/A
<br />Transfers in
<br />-
<br />N/A
<br />Transfers out
<br />101,490
<br />-
<br />-
<br />N/A
<br />EXCESS (DEFICIT) REVENUES OVER EXPENSES
<br />$ (1,002,175) $
<br />(50,382) $
<br />26,882 $
<br />77,264
<br />-53.4 %
<br />$2.50
<br />Sewer Sales Comparison
<br />0
<br />$2.00
<br />$1.50
<br />$1.00
<br />$0.50
<br />$-
<br />Q1
<br />Q2
<br />Q3
<br />Q4
<br />490,244.68
<br />995,588.27
<br />1,479,681.97
<br />1,966,065.34
<br />P2023
<br />2024
<br />488,026.04
<br />1,018,855.26
<br />1,551,353.71
<br />2,138,897.67
<br />2025
<br />541,828.24
<br />
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