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August 2014 Storm Utility Fund City of Golden Valley Monthly Budget Report-Storm Utility Enterprise Fund August, 2014(unaudited) Over 2014 August YTD (Under) % Budget Actual Actual Budget Current Revenue Interest Earnings 45,000 0 0 (45,000) 0.00% (1) Storm Sewer Charges 2,226,920 189,015 1,457,502 (769,418) 65.45% 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 3,470,720 189,015 1,484,871 (1,985,849) 42.78% Expenses: Storm Utility 2,474,535 136,043 869,872 (1,604,663) 35.15% (2) Street Cleaning 124,690 6,549 92,303 (32,387) 74.03% Environmental Control 309,225 17,805 153,812 (155,413) 49.74% Debt Service Payments 433,510 21,441 1,604,967 1,171,457 370.23% (3) Total Expenses 3,341,960 181,838 2,720,954 (621,006) 81.42% (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.