April 2016 Storm Utility Fund City of Golden Valley
Monthly Budget Report-Storm Utility Enterprise Fund
April, 2016(unaudited)
Over
2016 April YTD (Under)
Budget Actual Actual Budget Current
Revenue
Interest Earnings 45,000 0 0 (45,000) 0.00% (1)
Storm Sewer Charges 2,275,000 197,708 701,248 (1,573,752) 30.82%
Bassett Creek Watershed 810,930 280,481 510,883 (300,047) 63.00%
Miscellaneous Receipts(Debt Proceeds) 5,692,000 18,750 18,750 (5,673,250) 0.33%
State Grant-Other 0 0 0 0
Total Revenue 8,822,930 496,939 1,230,881 (7,592,049) 13.95%
Expenses:
Storm Utility 9,045,465 245,500 805,038 (8,240,427) 8.90% (2)
Street Cleaning 126,420 11,105 37,060 (89,360) 29.31
Environmental Control 323,260 39,305 106,136 (217,124) 32.83%
Debt Service Payments 170,985 0 929,076 758,091 543.37% (3)
Total Expenses 9,666,130 295,910 1,877,310 (7,788,820) 19.42%
(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.