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July 2014 Storm Utility Fund City of Golden Valley Monthly Budget Report-Storm Utility Enterprise Fund July, 2014(unaudited) Over 2014 July YTD (Under) Budget Actual Actual Budget Current Revenue Interest Earnings 45,000 0 0 (45,000) 0.00% (1) Storm Sewer Charges 2,226,920 196,583 1,268,486 (958,434) 56.96% Bassett Creek Watershed 998,800 0 0 (998,800) 0.00% Miscellaneous Receipts 200,000 0 27,369 (172,631) 13.68% State Grant-Other 0 0 0 0 Total Revenue 3,470,720 196,583 1,295,855 (2,174,865) 37.34% Expenses: Storm Utility 2,474,535 157,450 733,831 (1,740,704) 29.66% (2) Street Cleaning 124,690 88 85,754 (38,936) 68.77% Environmental Control 309,225 18,201 136,007 (173,218) 43.98% Debt Service Payments 433,510 1,000 1,583,526 1,150,016 365.28% (3) Total Expenses 3,341,960 176,739 2,539,118 (802,842) 75.98% (1) Interest Earnings are allocated at year-end. (2) Depreciation is allocated at year-end and. 2012 PMP and 2013 PMP are not complete. (3) Refunded 2004C Issuance 5 years early.