May 2016 Storm Utility FundOver
2016 May YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 45,000 0 0 (45,000)0.00%(1)
Storm Sewer Charges 2,275,000 183,405 885,027 (1,389,973)38.90%
Bassett Creek Watershed 810,930 0 510,883 (300,047)63.00%
Miscellaneous Receipts (Debt Proceeds)5,692,000 0 18,750 (5,673,250)0.33%
State Grant - Other 0 0 0 0
Total Revenue 8,822,930 183,405 1,414,660 (7,408,270)16.03%
Expenses:
Storm Utility 9,045,465 82,799 887,836 (8,157,629)9.82%(2)
Street Cleaning 126,420 8,761 45,821 (80,599)36.25%
Environmental Control 323,260 36,264 142,400 (180,860)44.05%
Debt Service Payments 170,985 0 929,076 758,091 543.37%(3)
Total Expenses 9,666,130 127,824 2,005,133 (7,660,997)20.74%
(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.
City of Golden Valley
Monthly Budget Report - Storm Utility Enterprise Fund
May, 2016 (unaudited)