December 2013 General Fund City of Golden Valley
Monthly Budget Report-General Fund Revenues
December, 2013
Percentage Of Year Completed 100.00%
Over %
2013 December YTD (Under) of Budget
Type Budget Actual Actual Budget Received
Ad Valorem Taxes $11,967,780 5,909,300 12,121,603 $153,823 101.29% (1)
Licenses 191,510 7,035 240,629 $49,119 125.65% (2)
Permits 693,200 78,399 1,255,824 $562,624 181.16% (3)
Federal Grants 0 0 0 $0
State Aid 10,500 8,426 62,920 $52,420 59924% (4)
Hennepin CountyAid 24,000 11,521 23,043 ($957) (5)
Charges For Services:
General Government 43,560 22,105 57,872 $14,312 132.86%
Public Safety 151,385 26,872 159,400 $8,015 105.29%
Public Works 140,000 23,854 151,021 $11,021 107.87%
Park& Rec 423,750 21,227 589,361 $165,611 139.08%
Other Funds 981,500 56,317 888,960 ($92,540) 90.57%
Fines& Forfeitures 280,000 46,446 366,059 $86,059 130.74%
Interest On Investments 100,000 18,994 18,994 ($81,006) 18.99% (6)
Miscellaneous Revenue 227,200 64,041 262,021 $34,821 115.33%
Transfers In 100,000 8,333 100,000 $0 100.00% (7)
TOTAL Revenue $15,334,385 $6,302,870 $16,297,707 $963,322 106.28%
Notes:
(1) Payments are received in July, December, and January.
(2)Apartments, Pawn and Liquor License revenue were higher than budgeted.
(3) Building permit revenue increased with new home construction.
(4) Police Training was paid in August. Safe and Sober is billed on time spent.
(5) Payment for officer to be part of the Violent Offenders Task Force.
(6) Investment market value was low.
(7) Transfers are monthly.
City of Golden Valley
Monthly Budget Report-General Fund Expenditures
December, 2013 (unaudited)
Over %
2013 December YTD (Under) Of Budget
Division Budget Actual Actuai Budqet Expend.
oo� Council $316,185 29,202 303,606 ($12,579) 96.02%
003 City Manager 732,810 84,457 655,480 (77,330) 89.45%
ooa Transfers Out 294,710 0 294,710 0 100.00% (1)
005 Admin. Services 1,595,515 167,140 1,558,386 (37,129) 97.67%
006 Legal 135,000 21,957 83,819 (51,181) 62.09% (2)
007 Risk Management 300,000 (39,973) 222,559 (77,441) 74.19%
o�� General Gov't. Bidgs. 525,990 73,348 562,130 36,140 106.87% (3)
o�s Community Development 993,960 94,856 934,457 (59,503) 94.01%
022 Police 5,027,455 741,357 4,987,620 (39,835) 99.21%
023 Fire 925,990 89,854 946,592 20,602 102.22% (4)
035 PublicWorksAdmin. 321,545 33,512 317,054 (4,491) 98.60%
036 Engineering 670,245 69,513 586,095 (84,150) 87.44%
03� Streets 1,387,615 221,669 1,400,953 13,338 100.96% (5)
os5 Community Center 72,910 16,413 59,131 (13,779) 81.10%
oss Park& Rec.Admin. 665,465 72,249 618,083 (47,382) 92.88%
os� Park Maintenance 1,008,895 103,795 979,054 (29,841) 97.04%
oss Recreation Programs 420,095 28,437 506,050 85,955 120.46% (6)
TOTAL Expenditures $15,394,385 $1,807,786 $15,015,779 ($378,606) 97.54%
(1)The remaining$150,000 will be made with a budget adjustment(council resolution later this year).
(2) Legal bills are biiled through October.
(3) Fire Range repairs were needed.
(4) Fire Relief Pension payment for 2012 was$40,155.
(5)Vehicle Maintenance Charges were higher due to June Storm and Winter Weather.
(6) Expenditures were over due to Tennis Camp success Revenue was also higher.