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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 SIX MONTHS ENDED JUNE 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 06/30/24 06/30/25 (Unfavorable) 06/30/25
<br /> REVENUES
<br /> User charges $ 1,605,560 $ 562,261 $ 668,043 $ 105,782 118.8%
<br /> Connection charges 2,000 1,700 2,150 450 126.5
<br /> Other 12,000 13,050 56,295 43,245 431.4
<br /> Interest earnings - - - - N/A
<br /> TOTAL REVENUES 1,619,560 577,011 726,488 149,477 125.9
<br /> EXPENSES
<br /> Personnel expenses 591,850 249,146 285,149 (36,002) 114.5
<br /> Supplies and materials 119,450 41,110 39,632 1,478 96.4
<br /> Other services and charges 584,401 248,879 203,712 45,167 81.9
<br /> Water purchases - - - - N/A
<br /> Depreciation 194,770 - - - N/A
<br /> Capital expenses 70,000 704,563 13,911 690,652 2.0
<br /> Debt service 431,497 397,044 396,311 733 99.8
<br /> TOTAL EXPENSES 1,991,968 1,640,741 938,715 702,027 57.2
<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) $ (1,063,730) $ (212,227) $ 851,504 20.0%
<br /> Water Sales Comparison
<br /> $1.60
<br /> c
<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 0.2 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 /> -20251 331,123.19 668,043.11
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