July 2014 Water and Sewer Utility Fund City of Golden Valley
Monthly Budget Report-Water and Sewer Utility Enterprise Fund
July, 2014(unaudited)
Over
2014 July YTD (Under)
Budget Actual Actual Budget Current
Revenue
Water Charges 4,251,750 432,479 1,773,350 (2,478,400) 41.71%
Sewer Charges 3,300,970 318,475 1,689,020 (1,611,950) 51.17%
Meter Sales 5,000 6,114 13,111 8,111 262.22%
MCES Grant Program 118,730 0 0 (118,730)
Penalties 110,000 30,230 88,007 (21,993) 80.01%
Charges for Other Services 230,000 178,521 421,484 191,484 183.25% (1)
State Water Testing Fee Pass Through 45,000 4,079 23,102 (21,898) 51.34%
Certificate of Compliance 70,000 9,310 61,125 (8,875) 87.32%
Interest Earnings 35,000 0 0 (35,000) 0.00%
Total Revenue 8,166,450 979,208 4,069,199 (4,097,251) 49.83%
Expenses:
Utility Administration 1,377,255 283,999 1,077,936 (299,319) 78.27%
Sewer Maintenance 2,488,530 186,587 1,332,454 (1,156,076) 53.54%
Water Maintenance 4,363,650 286,517 2,209,978 (2,153,672) 50.65%
Total Expenses 8,229,435 757,103 4,620,368 (3,609,067) 56.14%
(1)This includes MCES Grant Program for residential reimbursements of$250,890.