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4.4 EDA REVENUE AND EXPENDITURE REPORT 10-21-2024 10-15-2024 03:48 PM CITY OF ELK RIVER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: SEPTEMBER 30TH, 2024 920-EDA FINANCIAL SUMMARY 75.00% OF YEAR COMP. CURRENT CURRENT YEAR TO DATE % OF BUDGET BUDGET PERIOD ACTUAL BUDGET BALANCE ___________________________________________________________________________________________________________________ REVENUE SUMMARY EDA 434,950.00 6,088.43 474,045.37 108.99 ( 39,095.37) TOTAL REVENUES 434,950.00 6,088.43 474,045.37 108.99 ( 39,095.37) ============= ============= ============= ======= ============= EXPENDITURE SUMMARY Economic Development Economic Development 434,950.00 21,508.70 220,248.25 50.64 214,701.75 TOTAL Economic Development 434,950.00 21,508.70 220,248.25 50.64 214,701.75 TOTAL EXPENDITURES 434,950.00 21,508.70 220,248.25 50.64 214,701.75 ============= ============= ============= ======= ============= REVENUES OVER/(UNDER) EXPENDITURES 0.00 ( 15,420.27) 253,797.12 ( 253,797.12) Page 12 of 124 10-15-2024 03:48 PM CITY OF ELK RIVER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: SEPTEMBER 30TH, 2024 920-EDA 75.00% 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 0.00 222,467.50 53.48 193,482.50 TOTAL Taxes 415,950.00 0.00 222,467.50 53.48 193,482.50 Intergovernmental Rev _____________ _____________ _____________ _______ _____________ Other Revenue 920-3-0000-3621 Interest Income 15,000.00 6,088.43 57,910.52 386.07 ( 42,910.52) 920-3-0000-3626 Contributions 0.00 0.00 6,400.00 0.00 ( 6,400.00) TOTAL Other Revenue 15,000.00 6,088.43 64,310.52 428.74 ( 49,310.52) 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 6,088.43 474,045.37 108.99 ( 39,095.37) ___________________________________________________________________________________________________________________ TOTAL REVENUE 434,950.00 6,088.43 474,045.37 108.99 ( 39,095.37) ============= ============= ============= ======= ============= Page 13 of 124 10-15-2024 03:48 PM CITY OF ELK RIVER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: SEPTEMBER 30TH, 2024 920-EDA Economic Development 75.00% 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 14,392.94 80,675.36 65.11 43,224.64 920-4-6210-4103 Part-time Pay 12,600.00 1,050.00 8,400.00 66.67 4,200.00 920-4-6210-4104 PERA 9,500.00 1,086.98 6,110.67 64.32 3,389.33 920-4-6210-4105 FICA 8,350.00 888.45 5,023.81 60.17 3,326.19 920-4-6210-4107 Medicare 2,000.00 210.00 1,192.33 59.62 807.67 920-4-6210-4108 Insurance 24,300.00 2,392.20 19,137.60 78.76 5,162.40 920-4-6210-4109 Workers Comp 550.00 0.00 509.57 92.65 40.43 TOTAL Personal Services 181,200.00 20,020.57 121,049.34 66.80 60,150.66 Supplies 920-4-6210-4201 Office Supplies 2,500.00 13.51 160.59 6.42 2,339.41 920-4-6210-4212 Fuels & Lubes 50.00 0.00 5.58 11.16 44.42 TOTAL Supplies 2,550.00 13.51 166.17 6.52 2,383.83 Services & Charges 920-4-6210-4304 Legal Fees 10,000.00 518.75 2,776.75 27.77 7,223.25 920-4-6210-4319 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 40.87 3,187.79 30.51 7,262.21 920-4-6210-4349 Advertising/Marketing 67,200.00 298.00 14,832.50 22.07 52,367.50 920-4-6210-4359 Publishing 350.00 0.00 318.20 90.91 31.80 920-4-6210-4361 Insurance 250.00 27.00 104.00 41.60 146.00 920-4-6210-4404 Software Services 11,100.00 0.00 14,598.40 131.52 ( 3,498.40) 920-4-6210-4433 Dues & Subscriptions 4,750.00 590.00 6,175.00 130.00 ( 1,425.00) 920-4-6210-4440 Miscellaneous 73,500.00 0.00 11,040.10 15.02 62,459.90 TOTAL Services & Charges 205,200.00 1,474.62 53,032.74 25.84 152,167.26 Capital Outlay _____________ _____________ _____________ _______ _____________ Transfers Out 920-4-6210-4721 Transfer-General Fund 46,000.00 0.00 46,000.00 100.00 0.00 TOTAL Transfers Out 46,000.00 0.00 46,000.00 100.00 0.00 ___________________________________________________________________________________________________________________ TOTAL Economic Development 434,950.00 21,508.70 220,248.25 50.64 214,701.75 ___________________________________________________________________________________________________________________ TOTAL Economic Development 434,950.00 21,508.70 220,248.25 50.64 214,701.75 ___________________________________________________________________________________________________________________ TOTAL EXPENDITURES 434,950.00 21,508.70 220,248.25 50.64 214,701.75 ============= ============= ============= ======= ============= REVENUES OVER/(UNDER) EXPENDITURES 0.00 ( 15,420.27) 253,797.12 ( 253,797.12) Page 14 of 124