Special Revenue FundsSPECIAL REVENUE FUNDS
Special Revenue Funds are Governmental Fund types used to
account for the proceeds of specific revenue sources (other than for
major capital projects) that are legally restricted to expenditures for
specified purposes.
A Special Revenue fund has been established for the following
division:
Golden Valley Human Services Fund
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HUMAN SERVICES FUND DIVISION
This division receives pull tab monies and has various events to raise money for non-profit
organizations that help Golden Valley residents in need. The contributions to various human
service organizations are determined by the City Council based on the recommendation of the
Human Services Foundation, which is separately constituted City Commission.
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CITY OF GOLDEN VALLEY
HUMAN SERVICES FOUNDATION
REVENUE DETAIL
TOTALS $73,709 100.0% $62,081 100.0% $55,500 100.0% $61,120 100.0% $60,500 100.0% $60,500 100.0%
(1) Calculated based on 10% of net profits of the charitable gambling operations operating in the City of Golden Valley.
These contributions are mandated by City ordinance as authorized by State statute.
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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
Lawful Gambling Proceeds
$24,351
33.0%
$27,028
43.5%
$20,000
36.0%
$25,000
40.9%
$25,000
41.3%
$25,000
41.3%
Fund Raising Proceeds
48,791
66.2%
34,146
55.0%
35,000
63.1%
35,620
58.3%
35,000
57.9%
35,000
57.9%
Interest Earnings
567
0.8%
907
1.5%
500
0.9%
500
0.8%
500
0.8%
500
0.8%
TOTALS $73,709 100.0% $62,081 100.0% $55,500 100.0% $61,120 100.0% $60,500 100.0% $60,500 100.0%
(1) Calculated based on 10% of net profits of the charitable gambling operations operating in the City of Golden Valley.
These contributions are mandated by City ordinance as authorized by State statute.
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DIVISION: Human Services (094)
OBJECT DESCRIPTION
Personal Services
6320 Supplies
6440 Other Contractual Services
TOTAL Supplies and Services
TOTALS
CITY OF GOLDEN VALLEY
2013- 2014 OPERATING BUDGET
PROGRAM: Human Services Foundation (2020)
2010 2011 2012 2012 2013 2014
ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT
$14,548
$10,823
$15,000
$12,800
$12,200
$12,200
40,500
43,500
45,000
45,000
45,000
45,000
55,048
54,323
60,000
57,800
57,200
57,200
$55,048
$54,323
$60,000
$57,800
$57,200
$57,200
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CITY OF GOLDEN VALLEY
HUMAN SERVICES FUND
WORKING CAPITAL ANALYSIS
Working Capital @ 01/01/12
Estimated Revenue - 2012
Estimated Expenses - 2012
Excess of Revenue Over (Under) Expenses
Estimated Working Capital @ 12/31/12
Proposed Revenue - 2013
Adopted Expenses - 2013
Excess of Revenue Over (Under) Expenses
Projected Working Capital @ 12/31/13
Concept Revenue - 2014
Concept Expenses - 2014
Excess of Revenue Over (Under) Expenses
Projected Working Capital @ 12/31/14
$103,337
$61,120
57,800
3,320
$106,657
60,500
57,200
3,300
$109,957
60,500
57,200
3,300
$113,257
* Working Capital is defined as current assets minus current liabilities.
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