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)