Both revenues and expenditures have increased through the first three quarters of the city of Coon Rapids 2012 budget year compared with the same period a year ago.
According to a report presented to the Coon Rapids City Council by Kevin Vouk, manager of accounting/treasurer, revenues through three quarters, ending Sept. 30, are 2 percent ahead of the same time in 2011.
General property taxes are up 2.4 percent compared with the first three quarters of 2011 as a result of the tax levy that was approved by the council and all other revenues have increased 1.3 percent, Vouk reported.
Overall, general fund revenues are $283,558 more than the first three quarters of 2011, with reductions in fines and forfeitures, investment income, intergovernmental revenue and utilities tax.
Expenditures have gone up 2.7 percent over the same period a year ago, he stated in his report.
According to Vouk, there have been increases in salaries and health and workers compensation insurance benefits, as well as maintenance and repairs costs, general supplies and utilities costs.
But Vouk reported that there was a decrease of $47,636 in motor fuel costs through the third quarter this year compared with the same period in 2011.
Expenditures through three quarters this year are running $465,824 ahead of the same period a year ago with the only decrease coming in the community services.
Vouk also presented figures for the first three quarters of the 2012 budget year for the city’s enterprise funds – water, sewer, storm water drainage and golf.
• Water fund operating revenue is up $1,031,176 (26.9 percent) due to an increase in water usage in the summer and fall because of the very dry conditions, while operating expenses increased $264,699 caused largely by an increase in emergency repairs to water mains compared with 2011. Net income of $557,728 through Sept. 30 compares with a net loss of $232,534 for the same time a year ago.
• Sewer fund saw operating revenues increased 1.7 percent or $79,827 through three quarters primarily due to a rate structure change, while operating expenses dropped $212,207 because of a decrease in disposal charges. Net income shows an increase of $275,360 over the same period in 2011.
• Storm water drainage fund operating revenue was up $3,108 through Sept. 30, but operating expenses were up $45,478 because of an increase in storm drain repairs. Net income through Sept. 30 is down from the same period a year ago by $36,228.
• Golf fund operating revenue was up $212,301, but operating expenses jumped $268,877 through three quarters as a result of utility and depreciation costs associated with the new clubhouse. Net income is down $43,955 from the same period a year ago.
Peter Bodley is at [email protected]