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February 2015 Storm Utility Fund City of Golden Valley Monthly Budget Report-Water and Sewer Utility Enterprise Fund February, 2015(unaudited) Over 2015 Feb YTD (Under) % Budget Actual Actual Budget Current Revenue Water Charges 4,360,500 245,426 331,984 (4,028,516) 7.61% Emergency Water Supply 183,600 9,783 19,027 (164,573) 10.36% Sewer Charges 3,276,450 270,163 355,178 (2,921,272) 10.84% Meter Sales 8,000 367 724 (7,276) 9.05% MCES Grant Program 0 2,000 19,200 19,200 Penalties 110,000 10,772 13,162 (96,838) 11.97% Charges for Other Services 90,000 3,947 7,503 (82,497) 8.34% State Water Testing Fee Pass Through 45,500 3,986 4,166 (41,334) 9.16% Sale of Assets 10,000 0 0 (10,000) 0.00% Certificate of Compliance 75,000 4,400 13,150 (61,850) 17.53% Interest Earnings 15,000 0 0 (15,000) 0.00% Total Revenue 8,174,050 550,844 764,094 (7,409,956) 9.35% Expenses: Utility Administration 2,436,590 184,337 236,632 (2,199,958) 9.71% Sewer Maintenance 2,752,485 202,182 557,063 (2,195,422) 20.24% Water Maintenance 4,571,485 217,940 912,141 (3,659,344) 19.95% Total Expenses 9,760,560 604,459 1,705,836 (8,054,724) 17.48% City of Golden Valley Monthly Budget Report-Storm Utility Enterprise Fund February, 2015(unaudited) Over 2015 Feb YTD (Under) % Budget Actual Actual Budget Current Revenue Interest Earnings 45,000 0 0 (45,000) 0.00% (1) Storm Sewer Charges 2,228,920 191,732 321,220 (1,907,700) 14.41% Bassett Creek Watershed 1,453,000 34,747 34,747 (1,418,253) 2.39% Miscellaneous Receipts 0 0 0 0 State Grant-Other 0 0 0 0 Total Revenue 3,726,920 226,479 355,967 (3,370,953) 9.55% Expenses: Storm Utility 2,510,590 315,511 344,727 (2,165,863) 13.73% (2) Street Cleaning 125,535 0 0 (125,535) 0.00% Environmental Control 294,465 7,021 13,466 (280,999) 4.57% Debt Service Payments 171,220 151,441 151,441 (19,779) 88.45% Total Expenses 3,101,810 473,973 509,634 (2,592,176) 16.43% (1) Interest Earnings are allocated at year-end. (2) Depreciation is allocated at year-end and.