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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.