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4.4 EDA REVENUE EXPENDITURE REPORT 08-19-2024 8-12-2024 11:08 AM CITY OF ELK RIVER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JULY 31ST, 2024 920-EDA FINANCIAL SUMMARY 58.33% OF YEAR COMP. CURRENT CURRENT YEAR TO DATE % OF BUDGET BUDGET PERIOD ACTUAL BUDGET BALANCE ___________________________________________________________________________________________________________________ REVENUE SUMMARY EDA 434,950.00 213,918.13 454,781.12 104.56 ( 19,831.12) TOTAL REVENUES 434,950.00 213,918.13 454,781.12 104.56 ( 19,831.12) ============= ============= ============= ======= ============= EXPENDITURE SUMMARY Economic Development Economic Development 434,950.00 16,716.05 136,258.74 31.33 298,691.26 TOTAL Economic Development 434,950.00 16,716.05 136,258.74 31.33 298,691.26 TOTAL EXPENDITURES 434,950.00 16,716.05 136,258.74 31.33 298,691.26 ============= ============= ============= ======= ============= REVENUES OVER/(UNDER) EXPENDITURES 0.00 197,202.08 318,522.38 ( 318,522.38) Page 9 of 33 8-12-2024 11:08 AM CITY OF ELK RIVER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JULY 31ST, 2024 920-EDA 58.33% OF YEAR COMP. CURRENT CURRENT YEAR TO DATE % OF BUDGET REVENUES BUDGET PERIOD ACTUAL BUDGET BALANCE ___________________________________________________________________________________________________________________ EDA === Taxes 920-3-0000-3111 Property Taxes 415,950.00 213,918.13 222,447.08 53.48 193,502.92 TOTAL Taxes 415,950.00 213,918.13 222,447.08 53.48 193,502.92 Intergovernmental Rev _____________ _____________ _____________ _______ _____________ Other Revenue 920-3-0000-3621 Interest Income 15,000.00 0.00 38,666.69 257.78 ( 23,666.69) 920-3-0000-3626 Contributions 0.00 0.00 6,400.00 0.00 ( 6,400.00) TOTAL Other Revenue 15,000.00 0.00 45,066.69 300.44 ( 30,066.69) Other Financing Sources 920-3-0000-3910 Sale of Assets 0.00 0.00 187,267.35 0.00 ( 187,267.35) TOTAL Other Financing Sources 0.00 0.00 187,267.35 0.00 ( 187,267.35) Transfers In 920-3-0000-3949 Transfer-HRA 4,000.00 0.00 0.00 0.00 4,000.00 TOTAL Transfers In 4,000.00 0.00 0.00 0.00 4,000.00 _____________________________________________________________________________ TOTAL EDA 434,950.00 213,918.13 454,781.12 104.56 ( 19,831.12) ___________________________________________________________________________________________________________________ TOTAL REVENUE 434,950.00 213,918.13 454,781.12 104.56 ( 19,831.12) ============= ============= ============= ======= ============= Page 10 of 33 8-12-2024 11:08 AM CITY OF ELK RIVER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JULY 31ST, 2024 920-EDA Economic Development 58.33% OF YEAR COMP. Economic Development CURRENT CURRENT YEAR TO DATE % OF BUDGET DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL BUDGET BALANCE ___________________________________________________________________________________________________________________ Personal Services 920-4-6210-4101 Regular Pay 123,900.00 9,453.04 56,718.26 45.78 67,181.74 920-4-6210-4103 Part-time Pay 12,600.00 1,050.00 6,300.00 50.00 6,300.00 920-4-6210-4104 PERA 9,500.00 716.47 4,298.88 45.25 5,201.12 920-4-6210-4105 FICA 8,350.00 582.16 3,546.29 42.47 4,803.71 920-4-6210-4107 Medicare 2,000.00 138.30 842.42 42.12 1,157.58 920-4-6210-4108 Insurance 24,300.00 2,392.20 14,353.20 59.07 9,946.80 920-4-6210-4109 Workers Comp 550.00 0.00 509.57 92.65 40.43 TOTAL Personal Services 181,200.00 14,332.17 86,568.62 47.78 94,631.38 Supplies 920-4-6210-4201 Office Supplies 2,500.00 0.98 130.42 5.22 2,369.58 920-4-6210-4212 Fuels & Lubes 50.00 5.58 5.58 11.16 44.42 TOTAL Supplies 2,550.00 6.56 136.00 5.33 2,414.00 Services & Charges 920-4-6210-4304 Legal Fees 10,000.00 0.00 1,952.00 19.52 8,048.00 920-4-6210-4319 Professional Services 27,000.00 0.00 0.00 0.00 27,000.00 920-4-6210-4321 Telephone 400.00 0.00 0.00 0.00 400.00 920-4-6210-4322 Postage 200.00 0.00 0.00 0.00 200.00 920-4-6210-4331 Travel, Conferences & Schools 10,450.00 108.32 3,066.92 29.35 7,383.08 920-4-6210-4349 Advertising/Marketing 67,200.00 2,140.00 13,086.50 19.47 54,113.50 920-4-6210-4359 Publishing 350.00 129.00 318.20 90.91 31.80 920-4-6210-4361 Insurance 250.00 0.00 77.00 30.80 173.00 920-4-6210-4404 Software Services 11,100.00 0.00 14,598.40 131.52 ( 3,498.40) 920-4-6210-4433 Dues & Subscriptions 4,750.00 0.00 5,415.00 114.00 ( 665.00) 920-4-6210-4440 Miscellaneous 73,500.00 0.00 11,040.10 15.02 62,459.90 TOTAL Services & Charges 205,200.00 2,377.32 49,554.12 24.15 155,645.88 Capital Outlay _____________ _____________ _____________ _______ _____________ Transfers Out 920-4-6210-4721 Transfer-General Fund 46,000.00 0.00 0.00 0.00 46,000.00 TOTAL Transfers Out 46,000.00 0.00 0.00 0.00 46,000.00 ___________________________________________________________________________________________________________________ TOTAL Economic Development 434,950.00 16,716.05 136,258.74 31.33 298,691.26 ___________________________________________________________________________________________________________________ TOTAL Economic Development 434,950.00 16,716.05 136,258.74 31.33 298,691.26 ___________________________________________________________________________________________________________________ TOTAL EXPENDITURES 434,950.00 16,716.05 136,258.74 31.33 298,691.26 ============= ============= ============= ======= ============= REVENUES OVER/(UNDER) EXPENDITURES 0.00 197,202.08 318,522.38 ( 318,522.38) Page 11 of 33