Special Revenue Funds SPECIAL 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 Fund, which is separately constituted City Commission.
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CITY OF GOLDEN VALLEY
HUMAN SERVICES FOUNDATION
REVENUE DETAIL
Aetual 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
LawFul Gambling Proceeds $27,028 43.5°/ $30,075 45.0% $25,000 41.3% $25,000 41.3% $25,000 47.3% $25,000 41.3%
Fund Raising Proceeds 34,146 55.0% 36,195 54.1% 35,000 57.9% 35,000 57.9% 35,000 57.9% 35,000 57.9%
Interest Earnings 907 1.5% 631 0.9% 500 0.8% 500 0.8% 500 0.8% 500 0.8%
TOTALS 562,081 100.0% $66,901 100.0% E60,500 100.0% $60,500 100.0% 560,500 100.0% $60,500 100.0%
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CITY OF GOLDEN VA�LEY
2014-2015 OPERATING BUDGET
DIVISION: Human Services(094) PROGRAM: Human Services Foundation(2020)
2011 2012 2013 2013 2014 2015
OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT
Personal Services
6320 Supplies $10,823 $12,779 $12,200 $12,170 $13,000 $13,000
6440 Other Contractual Services 43,500 45,000 45,000 42,500 45,000 45,000
TOTAL Supplies and Services 54,323 57,779 57,200 54,670 58,000 58,000
TOTAIS $54,323 $57,779 $57,200 $54,670 $58,000 $58,000
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CITY OF GOLDEN VALLEY
HUMAN SERVICES FUND
FUND BALANCE ANALYSIS *
Fund Balance @ 01/01/13 $112,458
Estimated Revenue - 2013 $60,500
Estimated Expenses - 2013 54,670
Excess of Revenue Over (Under) Expenses 5,830
Estimated Working Capital @ 12/31/13 $118,288
Adopted Revenue - 2014 60,500
Adopted Expenses - 2014 58,000
Excess of Revenue Over (Under) Expenses 2,500
Projected Working Capital @ 12/31/14 $120,788
Concept Revenue - 2015 60,500
Concept Expenses - 2015 58,000
Excess of Revenue Over (Under) Expenses 2,500
Projected Working Capital @ 12/31/15 $123,288
* Working Capital is defined as current assets minus current liabilities.
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