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Enterprise Fund
ENTERPRISE FUNDS Enterprise Funds are Proprietary Fund types used to report an activity for which a fee is charged to external users for goods or services. This is similar to private business enterprises. Water and Sanitary Sewer Utility Brookview Golf Course Motor Vehicle Licensing Storm Sewer Utility Conservation/Recycling 72 WATER AND SEWER UTILITY DIVISION This division of the Public Works Department operates and maintains the City's water and sanitary sewer systems. STAFFING Public Works Maintenance Manager .34 Administrative Assistant 1 Supervisor 1 Utility Maintenance Workers 8 Utility Crew Leader 1 The Public Works Maintenance Manager position supervises the Maintenance Departments that include Streets, Parks, Utilities and Vehicles. REVENUES Water Usage rates will increase starting in April 2013 by 2.9% or 4.57 per 1000 gallons. Sanitary Sewer rates will change to nine flat rates based on consumption for the residential accounts. Commercial rates will increase to 3.69 per 1000 gallons. EXPENSES Personal Services comprise 11 % of the total expenses. The City of Golden Valley buys water from the City of Minneapolis through the Golden Valley -Crystal -New Hope Joint Water Commission. Wastewater is treated at the Pig's Eye plant in St. Paul and billed by Metropolitan Council Environmental Services (MCES) based on flow. The City is responsible to maintain the distribution lines within city limits. 73 CITY OF GOLDEN VALLEY, MINNESOTA WATER AND SEWER UTILITY FUND REVENUE DETAIL 74 Actual 2010 Actual 2011 Adopted 2012 Estimated 2012 Adopted 2013 Concept 2014 Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Water Charges (1) $3,809,608 51.1% $4,165,576 52.1% $4,022,955 51.8% $4,022,955 51.8% $4,103,415 51.6% $4,201,750 52.5% Sewer Charges (2) 3,149,569 42.3% 3,147,177 39.4% 3,236,245 41.6% 3,236,245 41.6% 3,300,970 41.5% 3,300,970 41.2% Meter Sales 3,793 0.1% 7,699 0.1% 5,000 0.1% 5,000 0.1% 5,000 0.1% 5,000 0.1% MCES Grant Program 13,286 0.2% 182,352 2.3% - 0.0% - 0.0% - 0.0% - 0.0% Late Payment Penalties 149,544 2.0% 166,847 2.1% 120,000 1.5% 120,000 1.5% 120,000 1.5% 120,000 1.5% Charges For Other Services 52,866 0.7% 43,480 0.5% 210,000 2.7% 210,000 2.7% 210,000 2.6% 210,000 2.6% State Water Testing Fee Pass Through 45,657 0.6% 45,773 0.6% 43,000 0.6% 43,000 0.6% 43,000 0.5% 43,000 0.5% Sale of Assets - - - - 55,000 0.7% 10,000 0.1% Miscellaneous Revenue 104,140 1.4% 103,736 1.3% 10,000 0A% 10,000 0.1% 10,000 0.1% 10,000 0.1% Certificate of Compliance 80,325 1.1% 76,500 1.0% 60,000 0.8% 60,000 0.8% 60,000 0.8% 60,000 0.7% Interest Earnings 41,210 0.6% 56,203 0.7% 65,000 0.8% 65,000 0.8% 50,000 0.6% 50,000 0.6% TOTALS $7,449,998 100.0% $7,995,343 100.0% $7,772,200 100.0% $7,772,200 100.0% $7,957,385 100.0% $8,010,720 100.0% 74 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Utility Maintenance (082) 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT 75 Personal Services 6110 Salaries -Regular Employees $548,742 $595,410 $623,600 $674,905 $681,675 $688,495 6111 Overtime -Regular Employees 19,377 26,951 23,000 23,000 23,000 23,000 6130 Salaries -Temporary Employees 33,074 38,558 36,250 36,250 36,435 36,625 6150 Employee Insurance 129,924 136,959 157,940 157,780 164,220 159,360 6160 Retirement 77,452 91,000 90,450 114,240 112,070 113,130 TOTAL Personal Services 808,569 888,878 931,240 1,006,175 1,017,400 1,020,610 Supplies and Services 6320 Operating Supplies 212,234 200,701 176,250 175,045 156,300 156,300 6324 Clothing 6,266 7,956 7,100 7,200 7,200 7,200 6331 Equipment Parts 3,943 9,821 16,750 17,100 13,500 13,500 6340 Professional Services 106,504 101,797 143,695 142,695 139,080 139,080 6343 Telephone 5,845 6,084 9,750 8,100 8,600 8,600 6371 Electric Service -NSP 2,123 2,371 2,600 2,600 2,600 2,600 6411 Conferences and Schools 7,164 9,638 15,245 15,445 13,245 13,245 6413 Dues and Subscriptions 1,148 1,494 1,580 1,890 1,890 1,890 6440 Other Contractual Service 2,006,921 2,091,383 2,605,420 2,633,230 2,286,420 2,636,420 6840 Merchandise for Resale 2,130,612 2,993,314 2,764,180 2,985,000 2,913,715 3,146,165 TOTAL Supplies and Services 4,482,760 5,424,559 5,742,570 5,988,305 5,542,550 6,125,000 Vehicle Maintenance Charges 7401 Maintenance Charges -Labor 40,108 38,290 41,000 41,000 42,000 43,000 7402 Maintenance Charges -Parts 31,270 35,418 40,000 40,000 40,500 41,000 7403 Motor Fuels 34,346 39,652 33,000 43,490 43,490 47,430 TOTAL Vehicle Maintenance Chgs 105,724 113,360 114,000 124,490 125,990 131,430 Capital Outlay 6960 Capital Outlay 663,704 2,372,969 1,391,000 1,225,000 1,175,000 970,000 TOTAL Capital Outlay 663,704 2,372,969 1,391,000 1,225,000 1,175,000 970,000 Transfers 7110 Permanent Transfer -Reserve Fund - - - - - - 7220 Overhead Transfer -General Fund 275,000 275,000 275,000 275,000 275,000 275,000 TOTAL Transfers 275,000 275,000 275,000 275,000 275,000 275,000 TOTALS $6,335,757 $9,074,766 $8,453,810 $8,618,970 $8,135,940 $8,522,040 75 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Utility Maintenance (082) PROGRAM: Administration (7121) 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Supplies and Services 6320 Operating Supplies $30,103 $39,259 $27,300 $27,300 $28,300 $28,300 6324 Clothing 6,266 7,956 7,100 7,200 7,200 7,200 6331 Equipment Parts 3,943 9,821 16,750 17,100 13,500 13,500 6340 Professional Services 26,812 14,567 25,195 25,195 23,580 23,580 6343 Telephone 4,280 4,818 9,250 7,600 8,100 8,100 6411 Conferences and Schools 7,164 9,638 15,245 15,445 13,245 13,245 6413 Dues and Subscriptions 1,148 1,494 1,580 1,890 1,890 1,890 6440 Other Contractual Services 620 - 6,200 6,200 6,200 6,200 6840 Merchandise for Resale 18,766 25,390 25,000 25,000 25,000 25,000 TOTAL Supplies and Services 99,102 112,943 133,620 132,930 127,015 127,015 Vehicle Maintenance Charges 7401 Maintenance Charges -Labor 40,108 38,290 41,000 41,000 42,000 43,000 7402 Maintenance Charges -Parts 31,270 35,418 40,000 40,000 40,500 41,000 7403 Motor Fuels 34,346 39,652 33,000 43,490 43,490 47,430 TOTAL Vehicle Maintenance Chgs 105,724 113,360 114,000 124,490 125,990 131,430 Capital Outlay 6960 Capital Outlay 663,704 2,372,969 1,391,000 1,225,000 1,175,000 970,000 TOTAL Capital Outlay 663,704 2,372,969 1,391,000 1,225,000 1,175,000 970,000 Transfers 7220 Overhead Transfer -General Fund 275,000 275,000 275,000 275,000 275,000 275,000 TOTAL Transfers 275,000 275,000 275,000 275,000 275,000 275,000 TOTALS $1,143,530 $2,874,272 $1,913,620 $1,757,420 $1,703,005 $1,503,445 76 DIVISION: Utility Maintenance (082) OBJECT DESCRIPTION CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET PROGRAM: Sewer Maintenance (7122) 2010 2011 2012 2012 2013 2014 ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT 77 Personal Services 6110 Salaries -Regular Employees $247,181 $254,087 $311,800 $337,455 $340,840 $344,250 6111 Overtime -Regular Employees 5,083 3,917 6,000 6,000 6,000 6,000 6130 Salaries -Temporary Employees 16,509 19,954 18,125 18,125 18,310 18,500 6150 Employee Insurance 61,915 59,512 78,970 78,390 81,610 79,180 6160 Retirement 34,674 38,258 45,225 50,620 54,535 55,080 TOTAL Personal Services 365,362 375,728 460,120 490,590 501,295 503,010 Supplies and Services 6320 Operating Supplies 84,158 89,061 70,950 69,745 50,000 50,000 6340 Professional Services 18,552 34,273 65,000 65,000 63,000 63,000 6343 Telephone 1,565 1,266 500 500 500 500 6371 Electric Service 2,123 2,371 2,600 2,600 2,600 2,600 6440 Other Contractual Service 1,592,657 1,655,692 1,842,220 1,869,030 1,673,720 1,873,720 TOTAL Supplies and Services 1,699,055 1,782,663 1,981,270 2,006,875 1,789,820 1,989,820 TOTALS $2,064,417 $2,158,391 $2,441,390 $2,497,465 $2,291,115 $2,492,830 77 DIVISION: Utility Maintenance (082) OBJECT DESCRIPTION CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET PROGRAM: Water Maintenance (7123) 2010 2011 2012 2012 ACTUAL ACTUAL ADOPTED ESTIMATED 2013 2014 ADOPTED CONCEPT 78 Personal Services 6110 Salaries -Regular Employees $301,561 $341,323 $311,800 $337,450 $340,835 $344,245 6111 Overtime -Regular Employees 14,294 23,034 17,000 17,000 17,000 17,000 6130 Salaries -Temporary Employees 16,565 18,604 18,125 18,125 18,125 18,125 6150 Employee Insurance 68,009 77,447 78,970 79,390 82,610 80,180 6160 Retirement 42,778 52,742 45,225 63,620 57,535 58,050 TOTAL Personal Services 443,207 513,150 471,120 515,585 516,105 517,600 Supplies and Services 6320 Operating Supplies 97,973 72,381 78,000 78,000 78,000 78,000 6340 Professional Services 61,140 52,957 53,500 52,500 52,500 52,500 6440 Other Contractual Service 413,644 435,691 757,000 758,000 606,500 756,500 6840 Merchandise for Resale(Water) 2,111,846 2,967,924 2,739,180 2,960,000 2,888,715 3,121,165 TOTAL Supplies and Services 2,684,603 3,528,953 3,627,680 3,848,500 3,625,715 4,008,165 TOTALS $3,127,810 $4,042,103 $4,098,800 $4,364,085 $4,141,820 $4,525,765 78 CITY OF GOLDEN VALLEY WATER AND SEWER UTILITY FUND NET ASSETS ANALYSIS Net Assets - 01/01/12 $6,755,192 Estimated Revenue - 2012 $7,772,200 Estimated Expenses - 2012 8,618,970 Change in Net Assets Over (Under) Expenses (846,770) Net Assets - 12/31/12 $5,908,422 Adopted Revenue - 2013 7,957,385 Adopted Expenses - 2013 8,135,940 Change in Net Assets Over (Under) Expenses (178,555) Net Assets - 12/31/13 $5,729,867 Concept Revenue - 2014 8,010,720 Concept Expenses - 2014 8,522,040 Change in Net Assets Over (Under) Expenses (511,320) Net Assets - 12/31/14 $5,218,547 Inventory and Accounts Receivable at 12/31/11 is $2,012,110. 79 BROOKVIEW GOLF COURSE DIVISION This division operates and maintains the Brookview Golf Course, which operates one 18 hole regulation course, one 9 hole par 3 course, pro shop, grill and a driving range. STAFFING Golf Operations Manager Assistant Operations Manager Administrative Assistant Greens Superintendent Mechanic Turf Foreman Turf Assistant REVENUE Rates for the 18 -hole regulation course and Par 3 will remain the same per round. The number of rounds played in 2012 was 42,231 on the 18 -hole regulation course and 17,020 rounds on the Par 3. EXPENDITURES Personal Services comprise 55% of the total expenses. Brookview Golf Course is dependent on the weather and golfers for a successful year. CITY OF GOLDEN VALLEY, MINNESOTA BROOKVIEW GOLF FUND REVENUE DETAIL 81 Actual 2010 Actual 2011 Adopted 2012 Estimated 2012 Adopted 2013 Concept 2014 Percent Percent Percent Percent Percent Percent Revenue Amount Of Total Amount Of Total Amount Of Total Amount Of Total Amount Of Total Amount Of Total Fees and Lessons: Goff Course $840,142 46.9% $796,576 50.0% $879,100 49.9% $837,010 50.2% $880,780 51.1% $880,780 51.1% Driving Range 104,626 5.8% 99,334 6.2% 107,700 6.1% 105,000 6.3% 105,000 6.1°% 105,000 6.1% Par 3 185,217 10.3% 155,950 9.8% 195,150 11.1% 170,000 10.2% 180,000 10.4% 180,000 10.4% Handicap 9,736 0.5% 9,411 0.6% 10,000 0.6% 10,000 0.6% 10,000 0.6% 10,000 0.6% Patron Cards 37,013 2.1% 37,305 2.3% 41,000 2.3% 40,500 2.4% 41,825 2.4% 41,825 2.4% Golf Lessons 18,342 1.0% 14,361 0.9% 17,000 1.0% 18,475 1.1% 14,500 0.8% 14,500 0.8% Pro Shop Sales 77,243 4.3% 77,265 4.9% 82,000 4.7°% 75,000 4.5% 78,500 4.6% 78,500 4.6% Pro Shop Rentals 229,017 12.8% 214,903 13.5% 235,200 13.3% 228,600 13.7°% 228,600 13.3% 228,600 13.3% Concession Sales 211,797 11.8% 208,049 13.1% 218,200 12.4% 213,000 12.8% 214,700 12.4% 214,700 12.4% Other 105,402 5.9% 1,512 0.1% 1,000 0.1% 1,000 0.1% 1,000 0.1% 1,000 0.1% Interest Earnings 7,069 0.4% 9,609 0.6% 15,000 0.9% 10,000 0.6% 10,000 0.6% 10,000 0.6% Less: Credit Card Charges (35,557) -2.0% (31,375) -2.0% (38,000) -2.2% (40,000) -2.4% (40,000) -2.3°% (40,000) -2.3% TOTALS $1,790,047 100.0% $1,592,900 100.0% $1,763,350 100.0% $1,668,585 100.0°% $1,724,905 100.0% $1,724,905 100.0% 81 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET Division: Golf Course (085) 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT TOTAL Supplies and Services 499,568 474,532 561,080 553,485 560,700 549,505 Vehicle Maintenance 7403 Motor Fuels 27,941 33,976 32,000 34,000 35,000 35,000 TOTAL Vehicle Maintenance Charges 27,941 33,976 32,000 34,000 35,000 35,000 Capital Outlay 6960 Capital Outlay 298,412 18,236 64,190 62,910 34,030 66,300 TOTAL Capital Outlay 298,412 18,236 64,190 62,910 34,030 66,300 Transfers Personal Services 7110 Permanent Transfer -General Fund 50,000 50,000 6110 Salaries -Regular Employees $390,440 $417,445 $416,095 $420,250 $424,465 $428,710 6130 Salaries -Temporary Employees 344,170 302,170 331,845 339,520 330,785 334,460 6150 Employee Insurance 81,174 94,193 90,375 97,110 97,325 98,320 6160 Retirement 90,990 95,328 102,440 105,955 106,210 107,310 6343 TOTAL Personal Services 906,774 909,136 940,755 962,835 958,785 968,800 TOTAL Supplies and Services 499,568 474,532 561,080 553,485 560,700 549,505 Vehicle Maintenance 7403 Motor Fuels 27,941 33,976 32,000 34,000 35,000 35,000 TOTAL Vehicle Maintenance Charges 27,941 33,976 32,000 34,000 35,000 35,000 Capital Outlay 6960 Capital Outlay 298,412 18,236 64,190 62,910 34,030 66,300 TOTAL Capital Outlay 298,412 18,236 64,190 62,910 34,030 66,300 Transfers Supplies and Services 7110 Permanent Transfer -General Fund 50,000 50,000 6320 Operating Supplies 98,835 106,195 138,435 127,135 129,800 120,775 6324 Clothing 2,107 2,094 2,200 2,200 2,300 2,200 6331 Equipment Parts 20,674 20,196 23,000 23,000 23,000 23,000 6335 Landscape Materials 33,975 11,884 33,100 31,100 32,600 32,600 6343 Telephone 6,623 4,355 6,450 5,450 5,450 5,450 6344 Use of Personal Auto 339 411 500 500 500 500 6371 Electric Service 11,404 14,380 16,800 16,100 16,600 16,600 6375 Waste Disposal 12,521 14,112 20,000 20,000 18,000 18,000 6382 Contractual Maintenance 4,483 3,351 5,050 5,600 5,550 5,550 6390 Rentals 134,169 134,725 139,700 139,700 139,700 139,700 6411 Conferences and Schools 2,977 1,358 2,645 2,420 2,390 2,750 6413 Dues and Subscriptions 3,831 4,482 4,365 4,240 4,260 4,280 6440 Other Contractual Services 35,655 33,223 37,835 36,540 40,050 37,600 6839 Pop for Resale 21,352 20,022 21,000 21,500 21,500 21,500 6840 Merchandise for Resale 54,075 45,544 55,000 56,000 57,000 57,000 6841 Beer for Resale 26,321 26,717 26,000 29,000 29,000 29,000 6842 Food for Resale 30,227 31,483 29,000 33,000 33,000 33,000 TOTAL Supplies and Services 499,568 474,532 561,080 553,485 560,700 549,505 Vehicle Maintenance 7403 Motor Fuels 27,941 33,976 32,000 34,000 35,000 35,000 TOTAL Vehicle Maintenance Charges 27,941 33,976 32,000 34,000 35,000 35,000 Capital Outlay 6960 Capital Outlay 298,412 18,236 64,190 62,910 34,030 66,300 TOTAL Capital Outlay 298,412 18,236 64,190 62,910 34,030 66,300 Transfers 7110 Permanent Transfer -General Fund 50,000 50,000 50,000 50,000 50,000 50,000 7220 Overhead Transfer -General Fund 85,000 85,000 85,000 85,000 85,000 85,000 7315 Debt Service -Interest 3,038 3,037 - 2,700 1,350 - TOTAL Transfers 138,038 138,037 135,000 137,700 136,350 135,000 TOTALS $1,870,733 $1,573,917 1,733,025 $1,750,930 $1,724,865 $1,754,605 82 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Brookview Golf Course (085) PROGRAM: Golf Operations (7151) 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries -Regular Employees $177,741 $190,976 $192,475 $194,395 $196,350 $198,315 6130 Salaries -Temporary Employees 91,011 76,609 89,945 83,720 84,315 84,975 6150 Employee Insurance 32,987 38,535 35,650 37,540 37,915 38,295 6160 Retirement 32,251 36,547 39,875 42,360 42,785 43,215 TOTAL Personal Services 333,990 342,667 357,945 358,015 361,365 364,800 Supplies and Services 6320 Operating Supplies 13,140 12,373 23,800 20,075 31,500 16,500 6343 Telephone 6,413 4,177 6,200 5,200 5,200 5,200 6344 Use of Personal Auto 339 411 500 500 500 500 6382 Contractual Maintenance 1,448 1,002 2,000 2,000 2,000 2,000 6390 Rentals 88,045 88,373 89,500 89,500 89,500 89,500 6411 Conferences and Schools 1,013 220 975 550 750 750 6413 Dues and Subscriptions 2,559 2,527 2,695 2,695 2,745 2,745 6440 Other Contractual Service 17,801 15,877 18,950 17,450 17,950 17,950 TOTAL Supplies and Services 130,758 124,960 144,620 137,970 150,145 135,145 Vehicle Maintenance 7403 Motor Fuels 8,760 12,164 12,000 12,000 12,000 12,000 TOTAL Vehicle Maintenance Chg 8,760 12,164 12,000 12,000 12,000 12,000 Transfers 7110 Permanent Transfers -General Fund 50,000 50,000 50,000 50,000 50,000 50,000 7220 Overhead Transfer -General Fund 85,000 85,000 85,000 85,000 85,000 85,000 7315 Debt Service -Interest 3,038 3,037 - 2,700 1,350 - TOTAL Transfers 138,038 138,037 135,000 137,700 136,350 135,000 TOTALS 611,546 617,828 649,565 645,685 659,860 646,945 83 DIVISION: Brookview Golf Course (085) OBJECT DESCRIPTION TOTAL Supplies and Services Vehicle Maintenance 7403 Motor Fuels CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET PROGRAM: Golf Maintenance (7152) 2010 2011 2012 2012 2013 2014 ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT $212,699 Personal Services 6110 Salaries -Regular Employees 6130 Salaries -Temporary Employees 6150 Employee Insurance 6160 Retirement 6343 TOTAL Personal Services TOTAL Supplies and Services Vehicle Maintenance 7403 Motor Fuels CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET PROGRAM: Golf Maintenance (7152) 2010 2011 2012 2012 2013 2014 ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT $212,699 Supplies and Services 6320 Operating Supplies 6324 Clothing 6331 Equipment Parts 6335 Landscape Materials 6343 Telephone 6371 Electric Service -NSP 6375 Waste Disposal 6390 Rentals 6411 Conferences and Schools 6413 Dues and Subscriptions 6440 Other Contractual Services TOTAL Supplies and Services Vehicle Maintenance 7403 Motor Fuels CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET PROGRAM: Golf Maintenance (7152) 2010 2011 2012 2012 2013 2014 ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT $212,699 $226,469 $223,620 $225,855 $228,115 $230,395 91,504 75,514 89,900 99,800 100,685 101,600 40,358 45,716 43,870 48,850 49,340 49,835 39,305 40,859 39,580 42,335 42,760 43,185 383,866 388,558 396,970 416,840 420,900 425,015 64,351 71,039 77,485 71,810 75,700 75,700 2,107 2,094 2,200 2,200 2,300 2,200 20,674 20,196 23,000 23,000 23,000 23,000 33,975 11,884 33,100 31,100 32,600 32,600 210 178 250 250 250 250 9,265 12,107 14,000 13,500 14,000 14,000 12,521 14,112 20,000 20,000 18,000 18,000 46,124 46,352 50,200 50,200 50,200 50,200 1,964 1,138 1,670 1,870 1,640 2,000 1,272 1,955 1,670 1,545 1,515 1,535 17,118 16,483 16,885 18,140 21,150 18,700 209,581 197,538 240,460 233,615 240,355 238,185 19,181 21,812 20,000 22,000 23,000 23,000 TOTAL Vehicle Maintenance Charges 19,181 21,812 20,000 22,000 23,000 23,000 Capital Outlay 6960 Capital Outlay 298,412 18,236 64,190 62,910 34,030 66,300 TOTAL Capital Outlay 298,412 18,236 64,190 62,910 34,030 66,300 TOTALS $911,040 $626,144 $721,620 $735,365 $718,285 $752,500 84 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Brookview Golf Course (085) PROGRAM: Pro Shop (7153) 85 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries -Temporary Employees $44,020 $42,981 $42,000 $44,000 $38,745 $38,745 6150 Employee Insurance 2,054 2,770 2,055 2,640 2,325 2,325 6160 Retirement 5,745 5,222 5,745 5,280 5,300 5,300 TOTAL Personal Services 51,819 50,973 49,800 51,920 46,370 46,370 Supplies and Services 6320 Operating Supplies 3,920 3,016 6,800 4,320 4,025 10,000 6840 Merchandise for Resale 54,075 45,544 55,000 56,000 57,000 57,000 TOTAL Supplies and Services 57,995 48,560 61,800 60,320 61,025 67,000 TOTALS $109,814 $99,533 $111,600 $112,240 $107,395 $113,370 85 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Brookview Golf Course (085) PROGRAM: Grill (7154) 86 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries -Temporary Employees $60,415 $54,242 $58,000 $56,000 $56,000 $58,000 6150 Employee Insurance 3,114 3,873 4,640 3,920 3,960 4,060 6160 Retirement 7,703 6,955 9,100 7,840 7,920 8,120 TOTAL Personal Services 71,232 65,070 71,740 67,760 67,880 70,180 Supplies and Services 6320 Operating Supplies 13,514 14,931 25,400 25,990 15,400 15,400 6382 Contractual Maintenance 3,035 2,349 3,050 3,600 3,550 3,550 6839 Pop for Resale 21,352 20,022 21,000 21,500 21,500 21,500 6841 Beer for Resale 26,321 26,717 26,000 29,000 29,000 29,000 6842 Food for Resale 30,227 31,483 29,000 33,000 33,000 33,000 TOTAL Supplies and Services 94,449 95,502 104,450 113,090 102,450 102,450 TOTALS $165,681 $160,572 $176,190 $180,850 $170,330 $172,630 86 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Brookview Golf Course (085) PROGRAM: Driving Range (7155) 87 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries -Temporary Employees $35,599 $33,596 $32,000 $36,000 $36,140 $36,240 6150 Employee Insurance 1,655 1,908 2,560 2,560 2,565 2,585 6160 Retirement 3,251 3,104 5,010 5,010 5,065 5,110 TOTAL Personal Services 40,505 38,608 39,570 43,570 43,770 43,935 Supplies and Services 6320 Operating Supplies 599 4,422 2,950 2,940 1,075 1,075 6371 Electric Service 1,709 1,586 1,800 1,800 1,800 1,800 TOTAL Supplies and Services 2,308 6,008 4,750 4,740 2,875 2,875 TOTALS $42,813 $44,616 $44,320 $48,310 $46,645 $46,810 87 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Brookview Golf Course (085) PROGRAM: Par 3 Course (7156) 88 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries -Temporary Employees $21,621 $19,228 $20,000 $20,000 $14,900 $14,900 6150 Employee Insurance 1,006 1,391 1,600 1,600 1,220 1,220 6160 Retirement 2,735 2,641 3,130 3,130 2,380 2,380 TOTAL Personal Services 25,362 23,260 24,730 24,730 18,500 18,500 Supplies and Services 6320 Operating Supplies 3,311 414 2,000 2,000 2,100 2,100 6371 Electric Service -NSP 430 687 1,000 800 800 800 6440 Other Contractual Services 736 863 2,000 950 950 950 TOTAL Supplies and Services 4,477 1,964 5,000 3,750 3,850 3,850 TOTALS $29,839 $25,224 $29,730 $28,480 $22,350 $22,350 88 CITY OF GOLDEN VALLEY BROOKVIEW GOLF FUND NET ASSETS ANALYSIS Net Assets @ 01/01/12 $1,026,102 Estimated Revenue - 2012 $1,668,585 Estimated Expenses - 2012 1,750,930 Changes in Net Assets Over (Under) Expenses (82,345) Net Assets @12/31/12 $943,757 Adopted Revenue - 2013 1,724,905 Adopted Expenses - 2013 1,724,865 Changes in Net Assets Over (Under) Expenses 40 Net Assets @12/31/13 $943,797 Concept Revenue - 2014 1,724,905 Concept Expenses - 2014 1,754,605 Changes in Net Assets Over (Under) Expenses (29,700) Net Assets @12/31/14 $914,097 • MOTOR VEHICLE LICENSING DIVISION The motor vehicle licensing department was closed on April 1, 2011. The City reopened on August 1, 2012. This division operates a deputy registrar office that handles the registration and licensing of motor vehicles, boats, bicycles, snowmobiles, ATV's and the issuance of fishing and hunting licenses. This department processes limited drivers licenses. The majority of the registration fees are remitted to the State but this office retains a portion as a fee for its services. CITY OF GOLDEN VALLEY MOTOR VEHICLE LICENSING FUND REVENUE DETAIL Passport Fees Actual 2010 Actual 2011 Adopted 2012 Estimated 2012 Adopted 2013 Concept 2014 0 0.0% Percent 0.0% Percent Percent 13,794 Percent 5,657 Percent 0.0% Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Registration Fees $464,406 86.5% $120,933 82.7% $90,000 92.0% $374,315 93.6% $377,270 93.6% DNR Transactions 16,567 3.1% 3,521 2.4% 3,000 3.1% 15,000 3.8% 15,000 3.7% Limited Licenses 4,765 0.9% 995 0.7% 2,800 2.9% 4,600 1,2% 4,600 1.1% Passport Fees 31,542 5.9% 7,830 5.4% 0 0.0% 0 0.0% 0 0.0% Miscellaneous 13,794 2.6% 5,657 3.9% 0.0% 4,000 1.0% 4,000 1.0% Interest Earnings 5,807 1.1% 7,346 5.0% 2,000 2.0% 2,000 0.5% 2,000 0.5% TOTALS $536,881 100.0% $146,282 100.0% $0 0.0% $97,800 100.0% $399,915 100.0% $402,870 100.0% 91 DIVISION: Motor Vehicle (086) OBJECT DESCRIPTION TOTAL Personal Services Personal Services 6110 Salaries -Regular Employees 6111 Overtime -Regular Employees 6130 Salaries -Temporary Employees 6150 Employee Insurance 6160 Retirement TOTAL Personal Services TOTAL Supplies and Services Transfers 7110 Permanent Transfers 7220 Overhead Transfers TOTAL Transfers TOTALS CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET 2010 2011 ACTUAL ACTUAL $251,610 Supplies and Services 6320 Operating Supplies 6340 Professional Services 6343 Telephone 6344 Use of Personal Auto 6382 Contractual Maintenance 6390 Rentals 6411 Conferences and Schools 6413 Dues and Subscriptions 6440 Contractual Services TOTAL Supplies and Services Transfers 7110 Permanent Transfers 7220 Overhead Transfers TOTAL Transfers TOTALS CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET 2010 2011 ACTUAL ACTUAL $251,610 $124,484 - 293 7,911 3,306 45,021 21,607 34,166 16,901 338,708 166,591 2,271 981 - 23,114 542 - 1,099 330 695 495 22,000 22,000 151 7 575 575 (261) 10,892 27,072 58,394 2012 2012 2013 2014 ADOPTED ESTIMATED ADOPTED CONCEPT $520,780 $379,985 $0 $283,165 $399,915 $402,870 $0 $153,040 $209,935 $212,045 - 36,350 49,860 50,360 - 24,490 33,585 33,930 0 213,880 293,380 296,335 - 12,700 1,400 1,400 - 4,595 400 400 - 200 200 200 - 10,750 23,200 23,200 - 3,215 320 320 - 615 615 615 - 400 400 400 0 32,475 26,535 26,535 125,000 30,000 125,000 30,000 - 36,810 50,000 - - 30,000 50,000 30,000 155,000 155,000 0 36,810 80,000 80,000 $520,780 $379,985 $0 $283,165 $399,915 $402,870 92 CITY OF GOLDEN VALLEY MOTOR VEHICLE LICENSING FUND NET ASSETS ANALYSIS * Net Assets @ 01/01/12 Estimated Revenue - 2012 Estimated Expenses - 2012 Excess of Revenue Over (Under) Expenses Estimated Net Assets @ 12/31/12 Adopted Revenue - 2013 Adopted Expenses - 2013 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31/13 Concept Revenue - 2014 Concept Expenses - 2014 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31/14 $97,800 283,165 399,915 399,915 402,870 402,870 * Net Assets is defined as current assets minus current liabilities. 93 $742,811 (185, 365) $557,446 $557,446 $557,446 STORM WATER UTILITY DIVISION This division of the Public Works Department operates and maintains the City's storm water utility system. STAFFING Public Works charges a percentage of their time to perform the needed duties to maintain the storm utility system. REVENUES Storm water rates will not increase in 2012. Each residential lot is considered .33 acre and charged a flat quarterly rate per unit. Commercial properties are charged per acreage and multiplied by a residential equivalency factor per City ordinance. EXPENSES This division includes storm sewer maintenance, street cleaning, environmental controls, and debt service on the storm utility bonds sold in 2004 and 2006 and mature in 2019 and 2021. 94 CITY OF GOLDEN VALLEY STORM SEWER UTILITY FUND REVENUE DETAIL 95 Actual 2010 Actua12011 Adopted 2012 Estimated 2012 Adopted 2013 Concept 2014 Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Storm Sewer Charges (1) $2,279,838 98.2% $2,279,633 82.7% $2,228,920 66.6% $2,228,920 65.9% $2,228,920 90.1% $2,228,920 67.1% State of Minnesota 0.0% 56,686 2.1% 25,370 0.7% Bassett Creek Watershed Commission 0.0% 222,939 8.1% 1,080,200 32.3% 1,080,200 31.9% 196,000 7.9% 850,000 25.6% Other 568 135,000 0.0% 0.0% 200,000 6.0% Interest Earnings 41,575 1.8% 61,573 2.2% 40,000 1.2% 50,000 1.5% 50,000 2.0% 44,140 1.3% TOTALS $2,321,981 100.0% $2,755,831 95.1% $3,349,120 100.0% $3,384,490 100.0% $2,474,920 100.0% $3,323,060 100.0% 95 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET Division, Storm Sewer Utility Maintenance (093) 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT KA Personal Services 6110 Salaries -Regular Employees $154,555 $146,604 $154,615 $179,415 $179,980 $180,515 6111 Overtime -Regular Employees 12,224 7,775 10,000 10,000 10,000 10,000 6130 Salaries -Temporary Employees 4,636 3,503 4,600 4,600 4,650 4,700 6150 Employee Insurance 34,839 30,361 37,230 40,370 46,080 46,210 6160 Retirement 22,371 20,682 23,690 24,225 27,955 28,045 TOTAL Personal Services 228,625 208,925 230,135 258,610 268,665 269,470 Supplies and Services 6320 Operating Supplies 14,371 13,385 19,600 19,600 19,600 19,600 6324 Clothing 176 58 - - - - 6334 Street Maintenance Materials 8,656 6,694 9,500 9,500 9,500 9,500 6340 Professional Services 75,314 55,375 171,700 176,200 185,700 185,700 6342 Postage - - 2,250 2,250 2,250 2,250 6343 Telephone 209 123 - - 470 470 6344 Use of Personal Auto 40 - - - - - 6352 General Notices and Publications -- . - 5,500 5,500 5,500 5,500 6371 Electric Service 294 294 500 300 400 400 6372 Gas Service 146 162 500 200 300 300 6375 Waste Disposal - - 500 500 500 500 6382 Contractual Maintenance 4,450 - - - - - 6390 Rentals 254 1,547 1,000 1,000 1,000 1,000 6411 Conferences and Schools 1,220 1,240 400 5,985 5,985 5,985 6413 Dues & Subscriptions - 1,026 - 1,210 1,210 1,210 6440 Other Contractual Services 103,256 109,230 140,915 115,080 129,160 129,160 TOTAL Supplies and Services 208,386 189,134 352,365 337,325 361,575 361,575 Vehicle Maintenance Charges 7401 Maintenance Charges -Labor 9,684 10,042 13,250 13,300 13,300 13,300 7402 Maintenance Charges -Parts 9,626 6,794 8,750 8,700 8,750 8,750 7403 Motor Fuels 4,550 6,084 8,760 8,760 8,760 8,760 TOTAL Vehicle Maintenance Chgs 23,860 22,920 30,760 30,760 30,810 30,810 Capital Outlay 6960 Capital Outlay 818,916 862,495 2,376,200 2,356,200 1,235,000 2,065,000 TOTAL Capital Outlay 818,916 862,495 2,376,200 2,356,200 1,235,000 2,065,000 Transfers 7220 Overhead Transfer -General Fund 100,000 100,000 150,000 150,000 150,000 150,000 TOTAL Transfers 100,000 100,000 150,000 150,000 150,000 150,000 Debt Services 7310 Debt Service -Principal 280,000 295,000 305,000 305,000 320,000 330,000 7315 Debt Service -Interest 147,134 140,298 128,125 128,125 115,140 101,510 7320 Fiscal Charges 7,463 6,587 2,000 2,000 2,000 2,000 KA CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET Division: Storm Sewer Utility Maintenance (093) 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT TOTAL Debt Services 434,597 441,885 435,125 435,125 437,140 433,510 TOTALS $1,814,384 $1,825,359 $3,574,585 $3,568,020 $2,483,190 $3,310,365 M CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Storm Sewer Maintenance (093) PROGRAM: Storm Utility (7301) 98 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries -Regular Employees $42,003 $38,120 $52,615 $53,115 $53,680 $54,215 6111 Overtime -Regular Employees 4,412 740 2,000 2,000 2,000 2,000 6130 Salaries -Temporary Employees 4,636 3,503 4,600 4,600 4,650 4,700 6150 Employee Insurance 12,029 8,475 12,600 12,750 12,875 13,005 6160 Retirement 6,345 4,422 8,500 8,575 8,660 8,750 TOTAL Personal Services 69,425 55,260 80,315 81,040 81,865 82,670 Supplies and Services 6320 Operating Supplies 14,371 13,001 14,000 14,000 14,000 14,000 6340 Professional Services 14,368 13,613 13,700 14,700 24,200 24,200 6371 Electric Service 294 294 500 300 400 400 6372 Gas Service 146 162 500 200 300 300 6375 Waste Disposal - - 500 500 500 500 6390 Rentals 254 1,547 1,000 1,000 1,000 1,000 6440 Other Contractual Service 103,256 109,230 140,915 115,080 129,160 129,160 TOTAL Supplies and Services 132,689 137,847 171,115 145,780 169,560 169,560 Capital Outlay - 6960 Capital Outlay 818,916 862,495 2,376,200 2,356,200 1,235,000 2,065,000 TOTAL Capital Outlay 818,916 862,495 2,376,200 2,356,200 1,235,000 2,065,000 Transfers 7220 Overhead Transfer -General Fund 100,000 100,000 150,000 150,000 150,000 150,000 TOTAL Transfers 100,000 100,000 150,000 150,000 150,000 150,000 TOTALS $1,121,030 $1,155,602 $2,777,630 $2,733,020 $1,636,425 $2,467,230 98 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Storm Sewer Utility (093) PROGRAM: Street Cleaning (7302) 99 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries -Regular Employees $37,203 $46,575 $52,000 $52,000 $52,000 $52,000 6111 Overtime -Regular Employees 7,812 7,035 8,000 8,000 8,000 8,000 6150 Employee Insurance 11,711 11,576 16,120 16,120 16,120 16,120 6160 Retirement 5,731 7,416 8,150 8,150 8,150 8,150 TOTAL Personal Services 62,457 72,602 84,270 84,270 84,270 84,270 Supplies and Services 6334 Street Maintenance Materials 8,656 6,694 9,500 9,500 9,500 9,500 TOTAL Supplies and Services 8,656 6,694 9,500 9,500 9,500 9,500 Vehicle Maintenance Charges 7401 Maintenance Charges -Labor 9,222 9,249 12,500 12,500 12,500 12,500 7402 Maintenance Charges -Parts 8,893 6,588 8,000 8,000 8,000 8,000 7403 Motor Fuels 3,955 5,311 7,510 7,510 7,510 7,510 TOTAL Vehicle Maintenance Chgs 22,070 21,148 28,010 28,010 28,010 28,010 TOTALS $93,183 $100,444 $121,780 $121,780 $121,780 $121,780 99 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Storm Sewer Utility (093) PROGRAM: Environmental Control (7303) IDM 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries -Regular Employees $75,349 $61,909 $50,000 $74,300 $74,300 $74,300 6150 Employee Insurance 11,099 10,310 8,510 11,500 17,085 17,085 6160 Retirement 10,295 8,844 7,040 7,500 11,145 11,145 TOTAL Personal Services 96,743 81,063 65,550 93,300 102,530 102,530 Supplies and Services 6320 Operating Supplies - 384 5,600 5,600 5,600 5,600 6324 Clothing 176 58 - - - - 6340 Professional Services 60,946 41,762 158,000 161,500 161,500 161,500 6342 Postage - - 2,250 2,250 2,250 2,250 6343 Telephone 209 123 - - 470 470 6344 Use of Personal Auto 40 - - - - - 6352 General Notices & Public Information - - 5,500 5,500 5,500 5,500 6382 Contractual Maintenance 4,450 - - - - - 6411 Conferences and Schools 1,220 1,240 400 5,985 5,985 5,985 6413 Dues & Subscriptions - 1,026 - 1,210 1,210 1,210 TOTAL Supplies and Services 67,041 44,593 171,750 182,045 182,515 182,515 Vehicle Maintenance Charges 7401 Maintenance Charges -Labor 462 793 750 800 800 800 7402 Maintenance Charges -Parts 733 206 750 700 750 750 7403 Motor Fuels 595 773 1,250 1,250 1,250 1,250 TOTAL Vehicle Maintenance Chgs 1,790 1,772 2,750 2,750 2,800 2,800 TOTALS $165,574 $127,428 $240,050 $278,095 $287,845 $287,845 IDM CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Storm Sewer Utility (093) PROGRAM: Debt Service (7304) 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 7310 Debt Service -Principal $280,000 $295,000 $305,000 $305,000 $320,000 $330,000 7315 Debt Service -Interest 147,134 140,298 128,125 128,125 115,140 101,510 7320 Fiscal Charges 7,463 6,587 2,000 2,000 2,000 2,000 TOTAL Debt Services $434,597 $441,885 $435,125 $435,125 $437,140 $433,510 101 CITY OF GOLDEN VALLEY STORM SEWER UTILITY FUND NET ASSETS ANALYSIS Net Assets @ 01/01/12 Estimated Revenue - 2012 Estimated Expenses - 2012 Excess of Revenue Over (Under) Expenses Estimated Net Assets @ 12/31/12 Adopted Revenue - 2013 Adopted Expenses - 2013 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31/13 Concept Revenue - 2014 Concept Expenses - 2014 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31/14 102 $3,384,490 3,568,020 2,474,920 2,483,190 3,323,060 3,310,365 $4,816,609 (183,530) $4,633,079 (8,270) $4,624,809 12,695 $4,637,504 CONSERVATION/RECYCLING DIVISION This division coordinates the City's conservation and recycling projects. Current projects include curbside recycling, brush pickup, Mighty Tidy Day, and leaf drop off. Curbside recycling is handled by a private contractor under a contract negotiated by a three city group including Plymouth and Minnetonka. These recycling services are provided for approximately 6,900 households in the City. REVENUES User fees are charged on the city utility bill for all residential customers that receive curbside recycling pickup service. EXPENSES A transfer of $51,500 is made to the General Fund to offset the personal costs related to the administration of the program. 103 CITY OF GOLDEN VALLEY CONSERVATION / RECYCLING FUND REVENUE DETAIL Notes: (1) Based on the following quarterly charges to residential units: April April 2010 2011 2012 2013 2014 Single - Family (Up to a 4-Plex) $8.00 $10.00 $10.00 $10.00 $10.00 104 Actual 2010 Actual 2010 Adopted 2012 Estimated 2012 Adopted 2013 Concept 2014 Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total County Grant 58,227 20.5% 56,026 17.0% $51,425 15.5% $56,855 15.7% $56,500 15.6% $56,500 15.6% Recycling Charges (1) 220,807 77.6% 266,858 80.8% 276,000 83.0% 274,950 76.0% 274,950 76.1% 274,950 76.1% Mighty Tidy Day charges 25,000 6.9% 25,000 6.9% 25,000 6.9% Interest Earnings 5,583 2.0% 7,473 2.3% 5,000 1.5% 5,000 1.4% 5,000 1.4% 5,000 1.4% TOTALS $284,617 100.0% $330,357 100.0% $332,425 100.0% $361,805 100.0% $361,450 100.0% $361,450 100.0% Notes: (1) Based on the following quarterly charges to residential units: April April 2010 2011 2012 2013 2014 Single - Family (Up to a 4-Plex) $8.00 $10.00 $10.00 $10.00 $10.00 104 CITY OF GOLDEN VALLEY 2013 - 2014 OPERATING BUDGET DIVISION: Recycling (081) PROGRAM: Recycling (7001) 105 2010 2011 2012 2012 2013 2014 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Supplies and Services 6320 Operating Supplies $0 $5,890 $5,000 $5,000 $3,000 $3,000 6340 Professional Services 226,924 151,308 355,555 315,845 324,800 328,950 6342 Postage 6,474 4,933 8,900 8,900 8,900 8,900 6352 General Notices & Information 5,921 4,513 9,050 9,050 9,050 9,050 TOTAL Supplies and Services 239,319 166,644 378,505 338,795 345,750 349,900 Transfers 7220 Overhead Transfer -General Fund 51,500 51,500 51,500 51,500 51,500 51,500 7220 Overhead Transfer -Street Debt Service - - - - - - 7220 Overhead Transfer -Equipment CIP 23,600 23,600 23,600 23,600 - - 7220 Overhead Transfer -Storm Utility - - - - - - TOTAL Transfers 75,100 75,100 75,100 75,100 51,500 51,500 TOTALS $314,419 $241,744 $453,605 $413,895 $397,250 $401,400 105 CITY OF GOLDEN VALLEY CONSERVATION / RECYCLING FUND NET ASSETS * Net Assets @ 01/01/12 Estimated Revenue - 2012 Estimated Expenses - 2012 Excess of Revenue Over (Under) Expenses Estimated Net Assets @ 12/31/12 Adopted Revenue - 2013 Adopted Expenses - 2013 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31/13 Concept Revenue - 2014 Concept Expenses - 2014 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31/14 $361,805 413,895 361,450 397,250 361,450 401,400 * Net Assets is defined as current assets minus current liabilities. 106 $956,581 (52,090) $904,491 (35,800) $868,691 (39,950) $828,741