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3.4 EDSR 01-21-2014 ITEM # 3.4 1-16-2014 02:47 PM CITY OF ELK RIVER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: DECEMBER 31ST, 2013 920-EDA FINANCIAL SUMMARY 100.00% OF YEAR COMP. CURRENT CURRENT YEAR TO DATE % OF BUDGET BUDGET PERIOD ACTUAL BUDGET BALANCE REVENUE SUMMARY EDA 303,000.00 138,191.61 290,717.06 95.95 12,282.94 TOTAL REVENUES 303,000.00 138,191.61 290,717.06 95.95 12,282.94 EXPENDITURE SUMMARY Economic Development Economic Development 272,800.00 23,972.56 195,244.71 71.57 77,555.29 TOTAL Economic Development 272,800.00 23,972.56 195,244.71 71.57 77,555.29 TOTAL EXPENDITURES 272,800.00 23,972.56 195,244.71 71.57 77,555.29 REVENUES OVER/(UNDER) EXPENDITURES 30,200.00 114,219.05 95,472.35 ( 65,272.35) 1-16-2014 02:47 PM CITY OF ELK RIVER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF DECEMBER 31ST, 2013 920-EDA 100.00% OF YEAR COMP. CURRENT CURRENT YEAR TO DATE % OF BUDGET REVENUES BUDGET PERIOD ACTUAL BUDGET BALANCE EDA Taxes 920-3-0000-3111 Current Ad Valorem Taxes 292,500.00 137,773.61 282,235.05 96.49 10,264.95 TOTAL Taxes 292,500.00 137,773.61 282,235.05 96.49 10,264.95 Intergovernmental Rev 920-3-0000-3322 MV Credit 0.00 61.04 118.96 0.00 ( - 118.96) 920-3-0000-3342 Other Local Grants 0.00 0.00 1,150.00 0.00 ( 1,150.00) TOTAL Intergovernmental Rev 0.00 61.04 1,268.96 0.00 ( 1,268.96) Other Revenue 920-3-0000-3621 Interest Income 7,000.00 356.96 3,713.05 53.04 3,286.95 TOTAL Other Revenue 7,000.00 356.96 3,713.05 53.04 3,286.95 Transfers In 920-3-0000-3949 Transfer-HRA 3,500.00 0.00 3,500.00 100.00 0.00 TOTAL Transfers In 3,500.00 0.00 3,500.00 100.00 0.00 TOTAL EDA 303,000.00 138,191.61 290,717.06 95.95 12,282.94 TOTAL REVENUE 303,000.00 138,191.61 290,717.06 95.95 12,282.94 1-16-2014 02:47 PM CITY OF ELK RIVER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: DECEMBER 31ST, 2013 920-EDA Economic Development 100.008 OF YEAR COMP. Economic Development CURRENT CURRENT YEAR TO DATE 8 OF BUDGET DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL BUDGET BALANCE Personal Services 920-4-6210-4101 Regular Pay 78,000.00 4,922.10 56,833.87 72.86 21,166.13 920-4-6210-4103 Part-time Pay 20,600.00 3,492.00 15,477.00 75.13 5,123.00 920-4-6210-4104 PERA 6,450.00 443.65 3,913.31 60.67 2,536.69 920-4-6210-4105 FICA 5,850.00 497.00 3,959.16 67.68 1,890.84 920-4-6210-4107 Medicare 1,350.00 116.24 925.98 68.59 424.02 920-4-6210-4108 Insurance 11,150.00 424.81 8,645.51 77.54 2,504.49 920-4-6210-4109 Workers Comp 500.00 0.00 530.25 106.05 ( 30.25) TOTAL Personal Services 123,900.00 9,895.80 90,285.08 72.87 33,614.92 Supplies 920-4-6210-4201 Office Supplies 2,700.00 76.29 2,322.99 86.04 377.01 TOTAL Supplies 2,700.00 76.29 2,322.99 86.04 377.01 Other Services & Charges 920-4-6210-4304 Legal Fees 10,000.00 0.00 7,649.78 76.50 2,350.22 920-4-6210-4319 Other Professional Services 20,000.00 3,592.66 7,285.41 36.43 12,714.59 920-4-6210-4321 Telephone 1,050.00 38.18 499.39 47.56 550.61 920-4-6210-4322 Postage 2,000.00 108.98 380.02 19.00 1,619.98 920-4-6210-4331 Travel, Conferences & Schools 16,300.00 1,187.17 13,317.60 81.70 2,982.40 920-4-6210-4349 Advertising/Marketing 67,200.00 9,002.68 46,211.14 68.77 20,988.86 920-4-6210-4359 Publishing 400.00 70.80 509.30 127.33 ( 109.30) 920-4-6210-4361 Insurance 150.00 0.00 0.00 0.00 150.00 920-4-6210-4433 Dues & Subscriptions 1,600.00 0.00 1,784.00 111.50 ( 184.00) 920-4-6210-4440 Miscellaneous 2,500.00 0.00 0.00 0.00 2,500.00 TOTAL Other Services & Charges 121,200.00 14,000.47 77,636.64 64.06 43,563.36 Capital Outlay Transfers Out 920-4-6210-4721 Transfer-General Fund 25,000.00 0.00 25,000.00 100.00 0.00 TOTAL Transfers Out 25,000.00 0.00 25,000.00 100.00 0.00 TOTAL Economic Development 272,800.00 23,972.56 195,244.71 71.57 77,555.29 TOTAL Economic Development 272,800.00 23,972.56 195,244.71 71.57 77,555.29 TOTAL EXPENDITURES 272,800.00 23,972.56 195,244.71 71.57 77,555.29 REVENUES OVER/(UNDER) EXPENDITURES 30,200.00 114,219.05 95,472.35 ( 65,272.35)