February 2016 Storm Utility Fund City of Golden Valley
Monthly Budget Report-Storm Utility Enterprise Fund
February, 2016 (unaudited)
Over
2016 February YTD (Under)
Budget Actual Actual Budget Current
Revenue
Interest Earnings 45,000 0 0 (45,000) 0.00% (1)
Storm Sewer Charges 2,275,000 192,507 322,524 (1,952,476) 14.18%
Bassett Creek Watershed 810,930 0 0 (810,930) 0.00%
Miscellaneous Receipts 5,692,000 0 0 (5,692,000)
State Grant-Other 0 0 0 0
Total Revenue 8,822,930 192,507 322,524 (8,500,406) 3.66%
Expenses:
Storm Utility 9,045,465 173,969 457,563 (8,587,902) 5.06% (2)
Street Cleaning 126,420 12,872 13,327 (113,093) 10.54%
Environmental Control 323,260 20,230 30,863 (292,397) 9.55%
Debt Service Payments 170,985 928,776 928,776 757,791 543.19% (3)
Total Expenses 9,666,130 1,135,847 1,430,529 (8,235,601) 14.80%
(1) Interest Earnings are allocated at year-end.
(2) Depreciation is allocated at year-end and.
(3)This included the bond payment to pay off the storm bonds early.