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June 2016 Storm Utility FundOver 2016 June YTD (Under)% Budget Actual Actual Budget Current Revenue Interest Earnings 45,000 0 0 (45,000)0.00%(1) Storm Sewer Charges 2,275,000 180,528 1,065,555 (1,209,445)46.84% 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 8,822,930 180,528 1,595,188 (7,227,742)18.08% Expenses: Storm Utility 9,045,465 163,645 1,051,482 (7,993,983)11.62%(2) Street Cleaning 126,420 3,038 48,859 (77,561)38.65% Environmental Control 323,260 33,001 175,401 (147,859)54.26% Debt Service Payments 170,985 0 929,076 758,091 543.37%(3) Total Expenses 9,666,130 199,684 2,204,818 (7,461,312)22.81% (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 June, 2016 (unaudited)