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 FUND
REVENUE DETAIL
Actual 2012 Actual 2013 Adopted 2014 Estimated 2014 Adopted 2015 Concept 2016
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 $30,075 45.0% $41,256 45.0% $25,000 41.3% $35,000 53.4% $30,000 49.6% $30,000 49.6%
Fund Raising Proceeds 36,195 54.1% 50,042 54.6% 35,000 57.9% 30,000 45.8% 30,000 49.6% 30,000 49.6%
interest Eamings 631 0.9% 292 0.3% 500 0.8% 500 0.8% 500 0.8% 500 0.8%
TOTALS j68,901 100.0% 581,580 100.0% j80,500 100.0% f65,500 100.0% 560,500 100.0% 560,500 100.0%
(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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CITY OF GOLDEN VALLEY
2015-2016 OPERATING BUDGET
DIVISION: Human Services(094) PROGRAM: Human Services Fund(2020)
2012 2013 2014 2014 2015 2016
OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT
Personal Services
6320 Supplies $12,779 $17,825 $13,000 $16,035 $17,100 $17,100
6440 Other Contractual Services 45,000 42,500 45,000 40,500 44,000 50,000
TOTAL Supplies and Services 57,779 60,325 58,000 56,535 61,100 67,100
TOTALS $57,779 $60,325 $58,000 $56,535 $61,100 $67,100
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CITY OF GOLDEN VALLEY
HUMAN SERVICES FUND
WORKING CAPITAL ANALYSIS *
Working Capital @ 01/01/14 $143,725
Estimated Revenue - 2014 $65,500
Estimated Expenses - 2014 56,535
Excess of Revenue Over (Under) Expenses 8,965
Estimated Working Capital @ 12/31/14 $152,690
Adopted Revenue - 2015 60,500
Adopted Expenses - 2015 61,100
Excess of Revenue Over (Under) Expenses (600)
Projected Working Capital @ 12/31/15 $152,090
Concept Revenue - 2016 60,500
Concept Expenses - 2016 67,100
Excess of Revenue Over (Under) Expenses (6,600)
Projected Working Capital @ 12/31/16 $145,490
* Working Capital is defined as current assets minus current liabilities.
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