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Enterprise Funds
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 76 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 7 Public Works Inspector 1 Utility Crew Leader 2 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 2014 by 3.94% or 4.75 per 1000 gallons. Sanitary Sewer rates will change to nine flat rates based on consumption for the residential accounts. Commercial rates will increase to 3.80 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. 77 CITY OF GOLDEN VALLEY,MINNESOTA WATER AND SEWER UTILITY FUND REVENUE DETAIL Actual 2011 Actual 2072 Adopted 2073 Estimated 2013 Adopted 2014 Concept 2015 Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amounl of Total WaterCharges (1) $4,165,576 52.1% $4,555,732 54.8% $4,103,415 51.6% $4,103,415 53.0% $4,251,750 52.1% $4,358,045 44.6% SewerCharges (2) 3,147,177 39.4% 3,226,861 38.8% 3,300,970 41.5% 2,960,245 36.5k 3,300,970 40.4% 3,300,970 33.8% Meter Sales 7,699 0.1% 4,754 0.1% 5,000 0.1% 5,000 0.1% 5,000 0.1% 5,000 0.1°k MCESGrantProgram 182,352 2.3% - 0.0% - 0.0% 125,520 1.6% 118,730 1.5% 118,730 1.2% LatePaymentPenalties 166,847 2,1/ 127,313 1.5% 120,000 1.5% 110,000 1.4% 110,000 1.3% 110,000 1.1% Charges For Other Services 43,460 0.5% 96,724 1.2% 210,000 2.6% 210,000 2.7% 210,000 2.6% 210,000 2.1% StateWaterTestingFeePassThrough 45,773 0.6% 45,623 0.6% 43,000 0.5% 45,000 0.6� 45,000 0.6� 45,000 0.5% SaleofAssets - 65,978 55,000 0.7% 55,000 0.7% 10,000 0.1% 10,000 0.1% Miscellaneous Revenue 103,736 1.3% 84,026 1.0% 10,000 0.1% 10,000 0.1% 10,000 0.1% 10,000 0.1% Certificate of Compliance 76,500 1.0% 76,350 0.9% 60,000 0.8% 70,000 0.9% 70,000 0.9% 70,000 0.7% Bond Proceeds 1,500,000 15.3% InterestEarnings 56,203 0.7% 34,035 0.4% 50,000 0.6% 35,000 0.5% 35,000 0.4% 40,000 0.4% TOTALS 57,995,343 100.Oh Ea.317,596 99.2°� 57.957,385 100.Ok E7,749,180 100.0% 58,166,450 100.0% E9,777.745 100.0°6 78 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Utility Maintenance(082) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $595,410 $591,621 $681,675 $708,960 $770,225 $785,625 6111 Overtime-Regular Employees 26,951 36,885 23,000 23,000 23,000 23,000 6130 Salaries-Temporary Employees 38,558 24,166 36,435 36,435 37,350 38,095 6150 Employee Insurance 136,959 114,848 164,220 170,750 185,100 188,560 6160 Retirement 91,000 89,903 112,070 116,435 130,220 136,390 TOTAL Personal Services 888,878 857,423 1,017,400 1,055,580 1,145,895 1,171,670 Supalies and Services 6320 Operating Supplies 200,701 204,918 156,300 160,550 164,100 164,100 6324 Clothing 7,956 8,297 7,200 7,400 7,400 7,400 6331 Equipment Parts 9,821 3,249 13,500 13,500 13,500 13,500 6340 Professional Services 101,797 151,593 139,080 145,680 144,460 144,460 6343 Telephone 6,084 6,703 8,600 7,520 7,550 7,550 6371 Electric Service-NSP 2,371 2,307 2,600 2,600 2,600 2,600 6390 Rental Service - 5,212 - - - - 6411 Conferences and Schools 9,638 9,063 13,245 13,245 12,795 13,245 6413 Dues and Subscriptions 1,494 935 1,890 1,800 1,800 1,800 6440 Other Contractual Service 2,091,383 2,586,782 2,286,420 2,307,130 2,583,960 2,808,940 6840 Merchandise for Resale 2,993,314 2,889,906 2,913,715 2,913,715 2,892,975 3,032,615 TOTAL Supplies and Services 5,424,559 5,868,965 5,542,550 5,573,140 5,831,140 6,196,210 Vehicle Maintenance Charaes 7401 Maintenance Charges-Labor 38,290 33,009 42,000 42,000 43,000 43,000 7402 Maintenance Charges-Parts 35,418 21,591 40,500 40,500 41,000 41,000 7403 Motor Fuels 39,652 40,153 43,490 43,490 43,400 45,500 TOTAL Vehicle Maintenance Chgs 113,360 94,753 125,990 125,990 127,400 129,500 Capital Outlay 6960 CapitalOutlay 2,372,969 1,129,045 1,175,000 1,341,535 850,000 1,810,000 TOTAL Capital Outlay 2,372,969 1,129,045 1,175,000 1,341,535 850,000 1,810,000 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 $9,074,766 $8,225,186 $8,135,940 $8,371,245 $8,229,435 $9,582,380 79 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Utility Maintenance(082) PROGRAM: Administration(7121) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Supplies and Services 6320 Operating Supplies $39,259 $54,603 $28,300 $28,300 $28,300 $28,300 6324 Clothing 7,956 8,297 7,200 7,400 7,400 7,400 6331 Equipment Parts 9,821 3,249 13,500 13,500 13,500 13,500 6340 Professional Services 14,567 13,615 23,580 22,580 22,960 22,960 6343 Telephone 4,818 6,083 8,100 6,900 6,900 6,900 6390 Rental Service - 5,212 - - - - 6411 Conferences and Schoois 9,638 9,063 13,245 13,245 12,795 13,245 6413 Dues and Subscriptions 1,494 935 1,890 1,800 1,800 1,800 6440 Other Contractuai Services - - 6,200 6,200 6,200 6,200 6840 Merchandise for Resale 25,390 3,279 25,000 25,000 25,000 25,000 TOTAL Supplies and Services 112,943 104,336 127,015 124,925 124,855 125,305 Vehicle Maintenance Charpes 7401 Maintenance Charges-Labor 38,290 33,009 42,000 42,000 43,000 43,000 7402 Maintenance Charges-Parts 35,418 21,591 40,500 40,500 41,000 41,000 7403 Motor Fuels 39,652 40,153 43,490 43,490 43,400 45,500 TOTAL Vehicle Maintenance Chgs 113,360 94,753 125,990 125,990 127,400 129,500 Capital Outlay 6960 CapitalOutlay 2,372,969 1,129,045 1,175,000 1,341,535 850,000 1,810,000 TOTAL Capital Outlay 2,372,969 1,129,045 1,175,000 1,341,535 850,000 1,810,000 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 $2,874,272 $1,603,134 $1,703,005 $1,867,450 $1,377,255 $2,339,805 80 CITY OF GOLDEN VALLEY 2074-2015 OPERATING BUDGET DIVISION: Utility Maintenance(082) PROGRAM: Sewer Maintenance(7122) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $254,087 $262,402 $340,840 $367,960 $421,035 $429,450 6111 Overtime-Regular Employees 3,917 10,390 6,000 6,000 6,000 6,000 6130 Salaries-Temporary Employees 19,954 9,549 18,310 18,310 18,770 19,145 6150 Employee Insurance 59,512 50,392 81,610 88,140 101,050 103,075 6160 Retirement 38,258 39,039 54,535 58,900 67,365 68,715 TOTAL Personai Services 375,728 371,772 501,295 539,310 614,220 626,385 Supplies and Services 6320 Operating Supplies 89,061 72,794 50,000 54,250 54,300 54,300 6340 Professional Services 34,273 70,393 63,000 67,000 65,000 65,000 6343 Telephone 1,266 620 500 620 650 650 6371 Electric Service 2,371 2,307 2,600 2,600 2,600 2,600 6440 OtherContractualService 1,655,692 1,858,746 1,673,720 1,672,085 1,751,760 1,803,740 TOTAL Supplies and Services 1,782,663 2,004,860 1,789,820 1,796,555 1,874,310 1,926,290 TOTALS $2,158,391 $2,376,632 $2,291,115 $2,335,865 $2,488,530 $2,552,675 81 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Utility Maintenance(082) PROGRAM: Water Maintenance(7123) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $341,323 $329,219 $340,835 $341,000 $349,190 $356,175 6111 Overtime-Regular Employees 23,034 26,495 17,000 17,000 17,000 17,000 6130 Salaries-Temporary Employees 18,604 14,617 18,125 18,125 18,580 18,950 6150 Employee Insurance 77,447 64,456 82,610 82,610 84,050 85,485 6160 Retirement 52,742 50,864 57,535 57,535 62,855 67,675 TOTAL Personal Services 513,150 485,651 516,105 516,270 531,675 545,285 Supplies and Services 6320 Operating Supplies 72,381 77,521 78,000 78,000 81,500 81,500 6340 Professional Services 52,957 67,585 52,500 56,100 56,500 56,500 6440 Other Contractual Service 435,691 728,036 606,500 628,845 826,000 999,000 6840 Merchandise for Resale(Water) 2,967,924 2,886,627 2,888,715 2,888,715 2,867,975 3,007,615 TOTAL Supplies and Services 3,528,953 3,759,769 3,625,715 3,651,660 3,831,975 4,144,615 TOTALS $4,042,103 $4,245,420 $4,141,820 $4,167,930 $4,363,650 $4,689,900 82 CITY OF GOLDEN VALLEY WATER AND SEWER UTILITY FUND NET ASSETS ANALYSIS Net Position -01/01/13 $7,508,666 Estimated Revenue-2013 $7,749,180 Estimated Expenses-2013 8,371,245 Change in Net Assets Over(Under) Expenses (622,065) Net Position- 12/31/13 $6,886,601 Adopted Revenue-2014 8,166,450 Adopted Expenses-2014 8,229,435 Change in Net Assets Over(Under) Expenses (62,985) Net Position- 12/31/14 $6,823,616 Concept Revenue-2015 9,777,745 Concept Expenses-2015 9,582,380 Change in Net Assets Over(Under) Expenses 195,365 Net Position- 12/31/15 $7,018,981 Receivable and Inventory at 12/31/12 is$2,014.470. 83 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. In 2014, a new course will open to offer Lawn Bowling. STAFFING Golf Operations Manager 1 Assistant Operations Manager 1 Administrative Assistant 1 Greens Superintendent 1 Mechanic 1 Turf Foreman 1 Turf Assistant 1 REVENUE Rates for the 18-hole regulation course and Par 3 will remain the same per round. The number of rounds played in 2013 was 34,868 on the 18-hole regulation course and 14,257 rounds on the Par 3. EXPENDITURES Personal Services comprise 51% of the total expenses. Brookview Golf Course is dependent on the weather and golfers for a successful year. 84 CITY OF GOLDEN VALLEY,MINNESOTA BROOKVIEW GOLF FUND REVENUE DETAIL Actual 2011 Actual 2012 Adopted 2073 Estimated 2013 Adopted 2014 Concept 2015 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: Golf Course $796,576 50.0% $886,811 50.0°� $880,780 51.1% $780,000 52.0% $860,780 50.6°� $880,780 49.5% DrivingRange 99,334 6.2% 112,184 6.3% 105,000 6.1% 80,000 5.3% 105,000 6.0% 105,000 5.9% Par 3 155,950 9.8% 166,267 9.4% 180,000 10.4% 130,000 8.7% 173,200 10.0% 173,200 9.7% Handicap 9,411 0.6°� 10,200 0.6% 10,000 0.6°� 8,500 0.6% 9,375 0.5% 9,375 0.5% Patron Cards 37,305 2.3% 40,418 2.3°� 41,825 2.4% 39,200 2.6% 45,280 2.6% 45,280 2.5% Golf Lessons 14,361 0.9°h 18,487 1.0°h 14,500 0.8% 15,300 1.0% 14,500 0.8% 14,500 0.8% Pro Shop Sales 77,265 4.9% 79,549 4.5% 78,500 4.6% 66,500 4.6% 78,500 4.5% 78,500 4.4% Pro Shop Rentals 214,903 13.5% 249,760 14.1°� 228,600 13.3% 200,000 13.3% 227,800 13.1% 227,800 12.8% Lawn Bowling 0 0.0% 0 0.0% 0 0.0% 0 0.0% 18,730 1.7% 57,730 32°� Concession Sales 208,049 13.1% 235,722 13.3% 214,700 12.4°� 195,000 13.0% 215,200 12.4 k 215,200 12.1% Other 1,532 0.1% 1,389 0.1% 1,000 0.1% 1,500 0.1% 1,000 0.1% 1,000 0.1% Interest Eamings 9,609 0.6% 6,809 0.4% 10,000 0.6% 10,000 0.7% 6,000 0.3% 6,000 0.3°� Less:Credit Card Charges (31,375) -2.0% (33,200) -1.9% (40,000) -2.3% (28,000) -1.9% (35,000) -2.0% (35,000) -2.0°h TOTAIS $1,592,920 100.0% $1,774,396 100.0% 51,724,905 100.0°k 51,500,000 100.0% $1,740,365 100.0% $1,779,365 700.0% 85 CITY OF GOLDEN VALLEY 2014-2015 OPERATiNG BUDGET Division: Golf Course(085) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $417,445 $416,786 $424,465 $407,480 $435,080 $443,730 6130 Salaries-Temporary Employees 302,170 324,536 330,785 280,990 325,365 332,865 6150 Employee Insurance 94,193 96,214 97,325 96,145 104,645 106,675 6160 Retirement 95,328 99,924 106,210 100,430 109,565 112,715 TOTAL Personal Services 909,136 937,460 958,785 885,045 974,655 995,985 Supplies and Services 6320 Operating Supplies 106,195 98,394 129,800 157,245 198,450 117,050 6324 Clothing 2,094 3,086 2,300 2,200 2,300 2,300 6331 Equipment Parts 20,196 12,965 23,000 23,750 23,000 23,000 6335 Landscape Materials 11,884 26,001 32,600 21,600 32,600 32,600 6343 Telephone 4,355 4,379 5,450 4,650 4,660 4,660 6344 Use of Personal Auto 411 349 500 500 500 500 6371 Electric Service 14,380 14,691 16,600 14,900 15,700 15,700 6375 Waste Disposal 14,112 1,480 18,000 14,000 18,000 18,000 6382 Contractua�Maintenance 3,351 6,168 5,550 9,010 8,050 8,050 6390 Rentals 134,725 134,552 139,700 139,700 138,700 138,700 6411 Conferences and Schools 1,358 2,288 2,390 2,350 2,675 2,675 6413 Dues and Subscriptions 4,482 4,544 4,260 4,430 4,550 4,550 6440 OtherContractual Services 33,223 38,160 40,050 44,100 34,650 35,150 6839 Pop for Resale 20,022 20,654 21,500 18,000 21,500 21,500 6840 Merchandise for Resale 45,544 50,952 57,000 52,000 55,000 55,000 6841 BeerforResale 26,717 31,483 29,000 25,000 29,000 29,000 6842 Food for Resale 31,483 33,788 33,000 27,000 32,000 32,000 TOTAL Supplies and Services 474,532 483,934 560,700 560,435 621,335 540,435 Vehicle Maintenance 7403 Motor Fuels 33,976 35,766 35,000 35,000 36,000 36,000 TOTAL Vehicle Maintenance Charges 33,976 35,766 35,000 35,000 36,000 36,000 Capital Outlay 6960 CapitalOutlay 18,236 62,219 34,030 31,775 145,000 202,000 TOTAL Capital Outlay 18,236 62,219 34,030 31,775 145,000 202,000 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 3,037 2,700 1,350 900 - - TOTAL Transfers 138,037 137,700 136,350 135,900 135,000 135,000 TOTALS $1,573,917 $1,657,079 $1,724,865 $1,648,155 $1,911,990 $1,909,420 86 CITY OF GOLDEN VALLEY 2014-2015 OPERATtNG BUDGET DIVISION: Brookview Golf Course(085) PROGRAM: Golf Operations(7151) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $190,976 $196,585 $196,350 $196,350 $201,260 $205,260 6130 Salaries-Temporary Employees 76,609 72,660 84,315 70,470 84,320 84,320 6150 Employee Insurance 38,535 39,348 37,915 41,235 42,645 43,105 6160 Retirement 36,547 36,781 42,785 42,785 44,275 45,460 TOTAL Personal Services 342,667 345,374 361,365 350,840 372,500 378,145 Supplies and Services 6320 Operating Supplies 12,373 16,858 31,500 28,990 19,150 18,550 6343 Telephone 4,177 4,185 5,200 4,400 4,400 4,400 6344 Use of Personal Auto 411 349 500 500 500 500 6382 Contractual Maintenance 1,002 1,848 2,000 1,510 2,000 2,000 6390 Rentals 88,373 87,732 89,500 89,500 88,500 88,500 6411 Conferences and Schools 220 395 750 475 750 750 6413 Dues and Subscriptions 2,527 2,808 2,745 2,745 2,645 2,645 6440 Other Contractual Service 15,877 16,882 17,950 16,700 17,550 17,550 TOTAL Supplies and Services 124,960 131,057 150,145 144,820 135,495 134,895 Vehicle Maintenance 7403 Motor Fuels 12,164 13,401 12,000 12,000 13,000 13,000 TOTAL Vehicle Maintenance Chg 12,164 13,401 12,000 12,000 13,000 13,000 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 3,037 2,700 1,350 900 - - TOTAL Transfers 138,037 137,700 136,350 135,900 135,000 135,000 TOTALS 617,828 627,532 659,860 643,560 655,995 661,040 87 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Brookview Golf Course(085) PROGRAM: Golf Maintenance(7152) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $226,469 $220,201 $228,115 $211,130 $233,820 $238,470 6130 Salaries-Temporary Employees 75,514 95,276 100,685 92,000 101,600 101,600 6150 Employee Insurance 45,716 45,886 49,340 46,005 51,040 52,060 6160 Retirement 40,859 43,070 42,760 41,300 45,765 46,680 TOTAL Personal Services 388,558 404,433 420,900 390,435 432,225 438,810 Supplies and Services 6320 Operating Supplies 71,039 49,734 75,700 108,395 64,725 63,625 6324 Clothing 2,094 3,086 2,300 2,200 2,300 2,300 6331 Equipment Parts 20,196 12,965 23,000 23,750 23,000 23,000 6335 Landscape Materials 11,884 26,001 32,600 21,600 32,600 32,600 6343 Telephone 178 194 250 250 260 260 6371 Electric Service-NSP 12,107 12,361 14,000 12,500 12,500 12,500 6375 Waste Disposal 14,112 1,480 18,000 14,000 18,000 18,000 6390 Rentals 46,352 46,820 50,200 50,200 50,200 50,200 6411 Conferences and Schools 1,138 1,893 1,640 1,875 1,925 1,925 6413 Dues and Subscriptions 1,955 1,736 1,515 1,685 1,905 1,905 6440 OtherContractualServices 16,483 20,358 21,150 26,550 16,200 16,700 TOTAL Supplies and Services 197,538 176,628 240,355 263,005 223,615 223,015 Vehicle Maintenance 7403 Motor Fuels 21,812 22,365 23,000 23,000 23,000 23,000 TOTAL Vehicle Maintenance Charges 21,812 22,365 23,000 23,000 23,000 23,000 Capital Outlay 6960 CapitalOutlay 18,236 62,219 34,030 31,775 100,000 202,000 TOTAL Capital Outlay 18,236 62,219 34,030 31,775 100,000 202,000 TOTALS $626,144 $665,645 $718,285 $708,215 $778,840 $886,825 88 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Brookview Golf Course(085) PROGRAM: Pro Shop(7753) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries-Temporary Employees $42,981 $40,123 $38,745 $35,490 $38,745 $38,745 6150 Employee Insurance 2,770 2,935 2,325 2,610 2,935 2,935 6160 Retirement 5,222 5,551 5,300 4,925 5,425 5,425 TOTAL Personal Services 50,973 48,609 46,370 43,025 47,105 47,105 Supplies and Services 6320 Operating Supplies 3,016 1,026 4,025 2,925 3,600 3,600 6840 Merchandise for Resale 45,544 50,952 57,000 52,000 55,000 55,000 TOTAL Supplies and Services 48,560 51,978 61,025 54,925 58,600 58,600 TOTALS $99,533 $100,587 $107,395 $97,950 $105,705 $105,705 89 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Brookview Golf Course(085) PROGRAM: Grill(7154) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries-Temporary Employees $54,242 $60,725 $56,000 $52,530 $60,700 $60,700 6150 Employee Insurance 3,873 4,452 3,960 3,855 4,860 4,860 6160 Retirement 6,955 8,098 7,920 7,150 8,500 8,500 TOTAL Personal Services 65,070 73,275 67,880 63,535 74,060 74,060 Supplies and Services 6320 Operating Supplies 14,931 25,759 15,400 13,500 15,300 15,300 6382 Contractual Maintenance 2,349 4,320 3,550 7,500 6,050 6,050 6839 Pop for Resale 20,022 20,654 21,500 18,000 21,500 21,500 6841 Beer for Resale 26,717 31,483 29,000 25,000 29,000 29,000 6842 Food for Resale 31,483 33,788 33,000 27,000 32,000 32,000 TOTAL Supplies and Services 95,502 116,004 102,450 91,000 103,850 103,850 TOTALS $160,572 $189,279 $170,330 $154,535 $177,910 $177,910 90 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Brookview Golf Course(085) PROGRAM: Driving Range(7155) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries-Temporary Employees $33,596 $35,124 $36,140 $30,500 $35,000 $35,000 6150 Employee Insurance 1,908 2,090 2,565 2,440 2,800 2,800 6160 Retirement 3,104 3,588 5,065 4,270 4,900 4,900 TOTAL Personal Services 38,608 40,802 43,770 37,210 42,700 42,700 Supplies and Services 6320 Operating Supplies 4,422 3,709 1,075 1,535 3,575 3,575 6371 Electric Service 1,586 1,745 1,800 1,800 1,800 1,800 TOTAL Supplies and Services 6,008 5,454 2,875 3,335 5,375 5,375 TOTALS $44,616 $46,256 $46,645 $40,545 $48,075 $48,075 91 CITY OF GOLDEN VALLEY 2014-2015 OPERAT�NG BUDGET DIVISION: Brookview Golf Course(085) PROGRAM: Par 3 Course(7156) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries-Temporary Employees $19,228 $20,628 $14,900 $0 $0 $0 6150 Employee Insurance 1,391 1,503 1,220 - - - 6160 Retirement 2,641 2,836 2,380 - - - TOTAL Personal Services 23,260 24,967 18,500 0 0 0 Supplies and Services 6320 Operating Supplies 414 1,308 2,100 1,900 1,900 1,900 6371 Electric Service-NSP 687 585 800 600 700 700 6440 Other Contractual Services 863 920 950 850 900 900 TOTAL Supplies and Services 1,964 2,813 3,850 3,350 3,500 3,500 TOTALS $25,224 $27,780 $22,350 $3,350 $3,500 $3,500 92 CITY OF GOLDEN VALLEY 2014-2075 OPERATING BUDGET DIVISION: Brookview Golf Course(085) PROGRAM: Golf Bowling(7157) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries-Temporary Employees $0 $0 $0 $0 $5,000 $12,500 6150 Employee Insurance - - - - 365 915 6160 Retirement - - - - 700 1,750 TOTAL Personal Services 0 0 0 0 6,065 15,165 Supplies and Services 6320 Operating Supplies - - - - 90,200 10,500 6371 Electric Service-NSP - - - - 700 700 TOTAL Supplies and Services 0 0 0 0 90,900 11,200 Capital Outlay 6960 CapitalOutlay 45,000 - TOTAL Capital Outlay - - - - 45,000 - TOTALS $0 $0 $0 $0 $141,965 $26,365 93 CITY OF GOLDEN VALLEY BROOKVIEW GOLF FUND NET ASSETS ANALYSIS Net Assets @ 01/01/13 $1,143,416 Estimated Revenue-2013 $1,500,000 Estimated Expenses-2013 1,648,155 Changes in Net Assets Over(Under) Expenses (148,155) Net Position @12/31/13 $995,261 Adopted Revenue-2014 1,740,365 Adopted Expenses-2014 1,911,990 Changes in Net Assets Over(Under) Expenses (171,625) Net Position @12/31/14 $823,636 Concept Revenue-2015 1,779,365 Concept Expenses-2015 1,909,420 Changes in Net Assets Over(Under) Expenses (130,055) Net Position @12/31/15 $693,581 Inventory at 12-31-12 was at$7,694. 94 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. 95 CITY OF GOLDEN VALLEY MOTOR VEHICLE LICENSING FUND REVENUE DETAIL Actual 2011 Actual 2012 Adopted 2013 Estimated 2013 Adopted 2014 Concept 2015 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 Registration Fees $120,933 82.7% $84,224 78.6% $374,315 93.6% $295,000 92.9% $372,610 93.1% $378,460 93.2% DNR Transactions 3,521 2.4% 2,517 2.4% 15,000 3.8% 9,800 3.1% 15,000 3.7% 15,000 3.7% Limited Licenses 995 0.7% 3,055 2.9% 4,600 1.2% 4,600 1.4% 4,600 1.1% 4,600 1.1% PaSSpOrt FeeS 7,830 5.4% 372 0.3% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Miscellaneous 5,657 3.9% 12,971 12.1% 4,000 1.0% 4,200 1.3% 4,200 1.0% 4,200 1.0% Interest Earnings 7,346 5.0% 3,952 3.7% 2,000 0.5% 3,800 1.2% 3,800 0.9% 3,800 0.9% TOTALS $146,282 100.0% $107,091 100.0% 5399,915 100.0% 5317,400 100.0% $400,210 100.0% $406,060 100.0% 96 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Motor Vehicle(086) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $124,484 $91,138 $209,935 $181,460 $208,410 $212,545 6111 Overtime-Regular Employees 293 - 6130 Salaries-Temporary Employees 3,306 2,426 - - - - 6150 Employee Insurance 21,607 18,838 49,860 43,095 49,495 50,475 6160 Retirement 16,901 12,691 33,585 32,665 33,345 34,005 TOTAL Personal Services 166,591 125,093 293,380 257,220 291,250 297,025 Supplies and Services 6320 Operating Supplies 981 12,611 1,400 1,000 1,000 1,000 6340 Professional Services 23,114 4,592 400 2,300 400 400 6344 Use of Personal Auto 330 85 200 200 200 200 6382 Contractual Maintenance 495 - - 1,500 1,500 1,500 6390 Rentals 22,000 757 23,200 23,200 23,200 23,200 6411 Conferences and Schools 7 3,852 320 320 320 320 6413 Dues and Subscriptions 575 615 615 255 540 615 6440 Contractual Services 10,892 1,751 400 1,800 1,800 1,800 TOTAL Supplies and Services 58,394 24,263 26,535 30,575 28,960 29,035 Capital Outlay 6960 CapitalOutlay - 14,266 - - - - TOTAL Capital Outlay - 14,266 - - - - Transfers 7110 Permanent Transfers 125,000 36,810 50,000 50,000 50,000 50,000 7220 Overhead Transfers 30,000 30,000 30,000 30,000 30,000 TOTAL Transfers 155,000 36,810 80,000 80,000 80,000 80,000 TOTALS $379,985 $200,432 $399,915 $367,795 $400,210 $406,060 97 CITY OF GOLDEN VALLEY MOTOR VEHICLE LICENSING FUND NET ASSETS ANALYSIS * Net Assets @ 01/01/13 $662,298 Estimated Revenue-2013 $317,400 Estimated Expenses-2013 367,795 Excess of Revenue Over(Under) Expenses (50,395) Estimated Net Position @ 12/31/13 $611,903 Adopted Revenue-2014 400,210 Adopted Expenses-2014 400,210 Excess of Revenue Over(Under) Expenses 0 Projected Net Position @ 12/31/14 $611,903 Concept Revenue-2015 406,060 Concept Expenses-2015 406,060 Excess of Revenue Over(Under) Expenses 0 Projected Net Position @ 12/31/15 $611,903 *Net Assets is defined as current assets minus current liabilities. 98 STORM WATER UTILITY DIVISION This division of the Public Works Department operates and maintains the City's storm water utility system. STAFFING Engineer 1 Other Public Works employees charge 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. 99 CITY OF GOLDEN VALLEY STORM SEWER UTILITY FUND REVENUE DETAIL Actual 2071 Actual 2012 Adopted 2013 Estimated 2073 Adopted 2014 Concept 2015 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 StormSewerCharges (1) $2,279,633 82.7% $2,256,336 94.6°� $2,228,920 90.1°k $2,228,920 80.7% $2,228,920 642°h $2,228,920 68.1% State of Minnesota 56,686 2.1°� 32,162 1.3°k 0.0% Bassett Creek Watershed Commission 222,939 8.1% 50,244 2.1% 196,000 7.9% 484,000 17.5% 996,800 28.7% 1,000,000 30.5% Other 135,000 - 0.0% 200,000 5.8% 0.0% InterestEamings 61,573 2.2% 45,637 1.9% 50,000 2.0% 50,000 1.8% 45,000 1.3% 45,000 1.4% TOTALS $2,755,831 95.7% 52,364,379 100.0°h 52,474,920 100.0% $2,762,920 700.0% $3,470,720 100.0% E3,273,920 100.0% 100 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET Division: Storm Sewer Utility Maintenance(093) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $146,604 $137,807 $179,980 $177,380 $206,580 $209,265 6111 Overtime-Regular Employees 7,775 8,128 10,000 10,000 10,000 10,000 6130 Salaries-Temporary Employees 3,503 2,159 4,650 4,650 4,700 4,700 6150 Employee Insurance 30,361 28,034 46,080 49,335 56,045 56,345 6160 Retirement 20,682 20,481 27,955 28,785 33,165 33,330 TOTAL Personal Services 208,925 196,609 268,665 270,150 310,490 313,640 Supalies and Services 6320 Operating Supplies 13,385 15,693 19,600 19,600 20,600 20,600 6324 Clothing 58 - - 225 225 225 6334 Street Maintenance Materials 6,694 4,263 9,500 9,500 9,500 9,500 6340 Professional Services 55,375 113,401 185,700 165,005 133,300 220,300 6342 Postage - - 2,250 2,250 2,250 2,250 6343 Telephone 123 - 470 470 470 470 6352 General Notices and Publications - - 5,500 5,500 5,500 5,500 6371 Electric Seroice 294 1,143 400 1,200 1,200 1,200 6372 Gas Service 162 162 300 300 300 300 6375 Waste Disposal - - 500 500 500 500 6382 Contractual Maintenance - - - - 45,035 45,035 6390 Rentals 1,547 - 1,000 1,000 1,000 1,000 6411 Conferences and Schools 1,240 385 5,985 5,985 7,595 7,595 6413 Dues&Subscriptions 1,026 - 1,210 1,210 1,420 1,420 6440 OtherContractualServices 109,230 119,196 129,160 129,160 123,035 123,035 TOTAL Supplies and Services 189,134 254,243 361,575 341,905 351,930 438,930 Vehicle Maintenance Charges 7401 Maintenance Charges-Labor 10,042 18,751 13,300 13,300 15,800 15,800 7402 Maintenance Charges-Parts 6,794 11,114 8,750 8,750 10,750 10,750 7403 Motor Fuels 6,084 5,569 8,760 8,760 6,480 7,170 TOTAL Vehicle Maintenance Chgs 22,920 35,434 30,810 30,810 33,030 33,720 Capital Outlay 6960 CapitalOutlay 862,495 1,001,341 1,235,000 1,992,010 2,013,000 2,560,000 TOTAL Capital Outlay 862,495 1,001,341 1,235,000 1,992,010 2,013,000 2,560,000 Transfers 7110 Permanent Transfers - 8,113 - - - - 7220 Overhead Transfer-General Fund 100,000 150,000 150,000 200,000 200,000 200,000 TOTAL Transfers 100,000 158,113 150,000 200,000 200,000 200,000 Debt Services 7310 Debt Service-Principal 295,000 305,000 320,000 320,000 330,000 345,000 7315 Debt Service-Interest 140,298 128,123 115,140 115,140 101,510 87,360 7320 Fiscal Charges 6,587 956 2,000 4,500 2,000 2,000 101 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET Division: Storm Sewer Utility Maintenance(093) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT TOTAL Debt Services 441,885 434,079 437,140 439,640 433,510 434,360 TOTALS $1,825,359 $2,079,819 $2,483,190 $3,274,515 $3,341,960 $3,980,650 102 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Storm Sewer Maintenance(093) PROGRAM: Storm Utility(7301) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $38,120 $46,053 $53,680 $51,080 $51,080 $52,360 6111 Overtime-Regular Employees 740 265 2,000 2,000 2,000 2,000 6130 Salaries-Temporary Empioyees 3,503 2,159 4,650 4,650 4,700 4,700 6150 Employee Insurance 8,475 9,627 12,875 16,120 16,120 16,120 6160 Retirement 4,422 6,614 8,660 8,800 8,800 8,800 TOTAL Personal Services 55,260 64,718 81,865 82,650 82,700 83,980 Supplies and Services 6320 Operating Supplies 13,001 12,761 14,000 14,000 15,000 15,000 6340 Professional Services 13,613 38,047 24,200 35,500 37,800 42,800 6371 Electric Service 294 1,143 400 1,200 1,200 1,200 6372 Gas Service 162 162 300 300 300 300 6375 Waste Disposal - - 500 500 500 500 6390 Rentals 1,547 - 1,000 1,000 1,000 1,000 6440 Other Contractual Service 109,230 119,196 129,160 129,160 123,035 123,035 TOTAL Supplies and Services 137,847 171,309 169,560 181,660 178,835 183,835 Capital Outlay 6960 CapitalOutlay 862,495 1,001,341 1,235,000 1,992,010 2,013,000 2,560,000 TOTAL Capital Outlay 862,495 1,001,341 1,235,000 1,992,010 2,013,000 2,560,000 Transfers 7110 PermanentTransfers - 8,113 - 7220 Overhead Transfer-General Fund 100,000 150,000 150,000 200,000 200,000 200,000 TOTAL Transfers 100,000 158,113 150,000 200,000 200,000 200,000 TOTALS $1,155,602 $1,395,481 $1,636,425 $2,456,320 $2,474,535 $3,027,815 103 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Storm Sewer Utility(093) PROGRAM: Street Cleaning(7302) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $46,575 $38,965 $52,000 $52,000 $52,000 $52,000 6111 Overtime-Regular Employees 7,035 7,863 8,000 8,000 8,000 8,000 6150 Employee Insurance 11,576 8,054 16,120 16,120 16,120 16,120 6160 Retirement 7,416 6,466 8,150 8,840 8,840 8,840 TOTAL Personal Services 72,602 61,348 84,270 84,960 84,960 84,960 Supplies and Services 6334 Street Maintenance Materials 6,694 4,263 9,500 9,500 9,500 9,500 TOTAL Supplies and Services 6,694 4,263 9,500 9,500 9,500 9,500 Vehicle Maintenance CharQes 7401 Maintenance Charges-Labor 9,249 16,965 12,500 12,500 15,000 15,000 7402 Maintenance Charges-Parts 6,588 10,169 8,000 8,000 10,000 10,000 7403 Motor Fuels 5,311 4,474 7,510 7,510 5,230 5,920 TOTAL Vehicle Maintenance Chgs 21,148 31,608 28,010 28,010 30,230 30,920 TOTALS $100,444 $97,219 $121,780 $122,470 $124,690 $125,380 104 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Storm Sewer Utility(093) PROGRAM: Environmental Control(7303) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $61,909 $52,789 $74,300 $74,300 $103,500 $104,905 6150 Employee Insurance 10,310 10,353 17,085 17,095 23,805 24,105 6160 Retirement 8,844 7,401 11,145 11,145 15,525 15,690 TOTAL Personal Services 81,063 70,543 102,530 102,540 142,830 144,700 Supplies and Services 6320 Operating Supplies 384 2,932 5,600 5,600 5,600 5,600 6324 Clothing 58 - - 225 225 225 6340 Professional Services 41,762 75,354 161,500 129,505 95,500 177,500 6342 Postage - - 2,250 2,250 2,250 2,250 6343 Telephone 123 - 470 470 470 470 6352 General Notices&Public Information - - 5,500 5,500 5,500 5,500 6382 Contractual Maintenance - - - - 45,035 45,035 6411 Conferences and Schools 1,240 385 5,985 5,985 7,595 7,595 6413 Dues&Subscriptions 1,026 - 1,210 1,210 1,420 1,420 TOTAL Supplies and Services 44,593 78,671 182,515 150,745 163,595 245,595 Vehicle Maintenance Charqes 7401 Maintenance Charges-Labor 793 1,786 800 800 800 800 7402 Maintenance Charges-Parts 206 945 750 750 750 750 7403 Motor Fuels 773 1,095 1,250 1,250 1,250 1,250 TOTAL Vehicle Maintenance Chgs 1,772 3,826 2,800 2,800 2,800 2,800 TOTALS $127,428 $153,040 $287,845 $256,085 $309,225 $393,095 105 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Storm Sewer Utility(093) PROGRAM: Debt Service(7304) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 7310 Debt Service-Principal $295,000 $305,000 $320,000 $320,000 $330,000 $345,000 7315 Debt Service-Interest 140,298 128,123 115,140 115,140 101,510 87,360 7320 Fiscal Charges 6,587 956 2,000 4,500 2,000 2,000 TOTAL Debt Senrices $441,885 $434,079 $437,140 $439,640 $433,510 $434,360 106 CITY OF GOLDEN VALLEY STORM SEWER UTILITY FUND NET ASSETS ANALYSIS Net Position @ 01/01/13 $5,072,715 Estimated Revenue-2013 $2,762,920 Estimated Expenses-2013 3,274,515 Excess of Revenue Over(Under) Expenses (511,595) Estimated Net Position @ 12/31/13 $4,561,120 Adopted Revenue-2014 3,470,720 Adopted Expenses-2014 3,341,960 Excess of Revenue Over(Under) Expenses 128,760 Projected Net Postion @ 12/31/14 $4,689,880 Concept Revenue-2015 3,273,920 Concept Expenses-2015 3,980,650 Excess of Revenue Over(Under) Expenses (706,730) Projected Net Position @ 12/31/15 $3,983,150 107 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. 108 CITY OF GOLDEN VALLEY CONSERVATION I RECYCLING FUND REVENUE DETAIL Actual 2017 Actual 2071 Adopted 2013 Estimated 2013 Adopted 2074 Concept 2075 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 Gfant 56,026 17.0% 56,859 16.4% $56,500 15.6% $56,500 16.4% $56,500 14.0% $56,500 14.0% ReCyCling Charges (1) 266,858 80.8% 276,190 79.5% 274,950 76.1% 274,950 79.6% 332,400 82.5% 332,400 82.5% Mighty Tidy Day charges 8,876 25,000 6.9% 9,000 2.6% 9,000 2.2% 9,000 2.2% Interest Earnings 7,473 2.3% 5,602 1.6% 5,000 1.4% 5,000 1.4% 5,000 1.2% 5,000 1.2% TOTALS s330�357 100.0% E347�527 97.4% f361�450 100.0% E345�450 100.0% 5402�900 100.0% 5402�900 100.0°/a 109 CITY OF GOLDEN VALLEY 2014-2015 OPERATING BUDGET DIVISION: Recycling(081) PROGRAM: Recycling(7001) 2011 2012 2013 2013 2014 2015 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Supplies and Services 6320 Operating Supplies $5,890 $5,000 $3,000 $3,000 $3,000 $3,000 6340 Professional Services 151,308 239,425 324,800 375,645 330,950 335,320 6342 Postage 4,933 677 8,900 6,900 8,900 8,900 6352 Generai Notices&Information 4,513 3,207 9,050 4,335 7,750 7,750 6440 Contractual Services - - - - 45,035 45,035 TOTAL Supplies and Services 166,644 248,309 345,750 389,880 395,635 400,005 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 - - - - 7220 Overhead Transfer-Storm Utility - - - - - - TOTALTransfers 75,100 75,100 51,500 51,500 51,500 51,500 TOTALS $241,744 $323,409 $397,250 $441,380 $447,135 $451,505 110 CITY OF GOLDEN VALLEY CONSERVATION/RECYCLING FUND Net Position * Net Position @ 01/01/13 $980,699 Estimated Revenue-2013 $345,450 Estimated Expenses-2013 441,380 Excess of Revenue Over(Under) Expenses (95,930) Estimated Net Position @ 12/31/13 $884,769 Adopted Revenue-2014 402,900 Adopted Expenses-2014 447,135 Excess of Revenue Over(Under) Expenses (44,235) Projected Net Position @ 12/31/14 $840,534 Concept Revenue-2015 402,900 Concept Expenses-2015 451,505 Excess of Revenue Over(Under) Expenses (48,605) Projected Net Position @ 12/31/15 $791,929 111