March 2017 Storm Utility FundOver
2017 March YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Storm Sewer Charges 2,375,000 179,750 499,949 (1,875,051)21.05%
Bassett Creek Watershed 0 0 0 0 #DIV/0!
Miscellaneous Receipts 207,775 17,800 17,800 (189,975)
State Grant - Other 0 0 0 0
Total Revenue 2,632,775 197,550 517,749 (2,115,026)19.67%
Expenses:
Storm Utility 3,527,930 291,467 491,439 (3,036,491)13.93%(2)
Street Cleaning 128,000 3,787 13,773 (114,227)10.76%
Environmental Control 317,565 18,545 43,691 (273,874)13.76%
Debt Service Payments 0 0 0 0 0.00%(3)
Total Expenses 3,973,495 313,799 548,903 (3,424,592)13.81%
(1) Interest Earnings are allocated at year-end.
(2) Depreciation is allocated at year-end and.
(3) Debt service payments will be reimbursed by TIF.
City of Golden Valley
Monthly Budget Report - Storm Utility Enterprise Fund
March, 2017 (unaudited)