April 2017 Storm Utility FundOver
2017 April YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Interest Earnings-Other 0 0 1,118 1,118
Storm Sewer Charges 2,375,000 203,269 703,218 (1,671,782)29.61%
Bassett Creek Watershed 0 0 0 0
Miscellaneous Receipts 207,775 0 17,800 (189,975)
State Grant - Other 0 0 0 0
Total Revenue 2,632,775 203,269 722,136 (1,910,639)27.43%
Expenses:
Storm Utility 3,527,930 135,653 625,092 (2,902,838)17.72%(2)
Street Cleaning 128,000 17,329 31,102 (96,898)24.30%
Environmental Control 317,565 35,513 79,204 (238,361)24.94%
Debt Service Payments 0 0 0 0 0.00%(3)
Total Expenses 3,973,495 188,495 735,398 (3,238,097)18.51%
(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
April, 2017 (unaudited)