Special Revenue Funds SPECIAL REVENUE FUNDS
Special Revenue Funds are Governmental Fund types used to
account for the proceeds of specific revenue sources (other than for
major capital projects) that are legally restricted to expenditures for
specified purposes.
A Special Revenue fund has been established for the following
division:
Golden Valley Human Services Fund
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HUMAN SERVICES FUND DIVISION
This division receives pull tab monies and has various events to raise money for non-profit
organizations that help Golden Valley residents in need. The contributions to various human
service organizations are determined by the City Council based on the recommendation of the
Human Services Fund, which is separately constituted City Commission.
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CITY OF GOLDEN VALLEY
HUMAN SERVICES FUND
REVENUE DETAIL
Actual 2013 Actual 2014 Adopted 2015 Estimated 2015 Adopted 2016 Concept 2017
Percent Percent Percent Percent Percent Percent
Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total
Lawful Gambling Proceeds $41,256 45.0% $44,279 57.3% $30,000 49.6% $30,000 49.6% $30,000 49.6% $30,000 49.6%
Fund Raising Proceeds 50,042 54.6% 31,696 41.0% 30,000 49.6% 30,000 49.6% 30,000 49.6% 30,000 49.6%
Interest Earnings 292 0.3% 1,279 1.7% 500 0.8% 500 0.8% 500 0.8% 500 0.8%
TOTALS $91,590 100.0% $77,254 100.0% $60,500 100.0% $60,500 100.0% $60,500 100.0% $60,500 100.0%
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CITY OF GOLDEN VALLEY
2016-2017 OPERATING BUDGET
DIVISION: Human Services(094) PROGRAM: Human Services Fund(2020)
2013 2014 2015 2015 2016 2017
OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT
Personal Services
6320 Supplies $17,825 $11,844 $17,100 $17,100 $17,100 $17,100
6440 Other Contractual Services 42,500 40,500 50,000 44,000 50,000 50,000
TOTAL Supplies and Services 60,325 52,344 67,100 61,100 67,100 67,100
TOTALS $60,325 $52,344 $67,100 $61,100 $67,100 $67,100
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CITY OF GOLDEN VALLEY
HUMAN SERVICES FUND
WORKING CAPITAL ANALYSIS
Working Capital @ 01/01/15 $168,633
Estimated Revenue - 2015 $60,500
Estimated Expenses - 2015 61,100
Excess of Revenue Over(Under) Expenses (600)
Estimated Working Capital @ 12/31/15 $168,033
Adopted Revenue - 2016 60,500
Adopted Expenses - 2016 67,100
Excess of Revenue Over(Under) Expenses (6,600)
Projected Working Capital @ 12/31/16 $161,433
Concept Revenue - 2017 60,500
Concept Expenses - 2017 67,100
Excess of Revenue Over(Under) Expenses (6,600)
Projected Working Capital @ 12/31/17 $154,833
* Working Capital is defined as current assets minus current liabilities.
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