|
Exhibit C
<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 /> WATER 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 $ 1,605,560 $ 274,254 $ 331,123 $ 56,869 120.7%
<br /> Connection charges 2,000 1,000 1,950 950 195.0
<br /> Other 12,000 5,707 5,272 (435) 92.4
<br /> Interest earnings - - - - N/A
<br /> TOTAL REVENUES 1,619,560 280,961 338,345 57,384 120.4
<br /> EXPENSES
<br /> Personnel expenses 591,850 113,136 122,454 (9,318) 108.2
<br /> Supplies and materials 119,450 17,481 15,801 1,680 90.4
<br /> Other services and charges 584,401 126,743 93,832 32,911 74.0
<br /> Water purchases - - - - N/A
<br /> Depreciation 194,770 - - - N/A
<br /> Capital expenses 70,000 212,750 9,005 203,745 4.2
<br /> Debt service 431,497 394,861 396,311 (1,450) 100.4
<br /> TOTAL EXPENSES 1,991,968 864,972 637,404 227,568 73.7
<br /> Bond Proceeds - - - - N/A
<br /> Transfers in - N/A
<br /> Transfers out 167,742 - N/A
<br /> EXCESS(DEFICIT)REVENUES OVER EXPENSES $ (540,150) $ (584,010) $ (299,058) $ 284,952 51.2 %
<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 /> -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 1,358,126.55
<br /> -2025 331,123.19
<br />
|