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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 09/30/24 09/30/25 (Unfavorable) 09/30/25
<br /> REVENUES
<br /> User charges $ 1,605,560 $ 896,279 $ 1,036,993 $ 140,714 115.7 %
<br /> Connection charges 2,000 2,600 2,750 150 105.8
<br /> Other 12,000 23,778 211,544 187,765 889.6
<br /> Interest earnings - - - - N/A
<br /> TOTAL REVENUES 1,619,560 922,658 1,251,287 328,629 135.6
<br /> EXPENSES
<br /> Personnel expenses 591,850 379,997 414,316 (34,319) 109.0
<br /> Supplies and materials 119,450 57,191 64,847 (7,656) 113.4
<br /> Other services and charges 584,401 366,987 317,800 49,187 86.6
<br /> Water purchases - - - - N/A
<br /> Depreciation 194,770 - - - N/A
<br /> Capital expenses 70,000 841,508 94,646 746,862 11.2
<br /> Debt service 431,497 433,355 431,205 2,150 99.5
<br /> TOTAL EXPENSES 1,991,968 2,079,038 1,322,815 756,224 63.6
<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) $ (1,156,381) $ (71,528) $ 1,084,853 6.2%
<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 305,786.46 572,129.18 987,857.57 1,428,487.42
<br /> -2024 274,254.09 562,261.32 896,279.11 1,358,126.55
<br /> -2025 331,123.19 668,043.11 1,036,993.04
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