May 2017 Storm Utility FundOver
2017 May 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 2,375,000 197,604 900,823 (1,474,177)37.93%
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 2,632,775 197,604 919,741 (1,713,034)34.93%
Expenses:
Storm Utility 3,527,930 667,834 1,235,709 (2,292,221)35.03%(2)
Street Cleaning 128,000 3,924 35,026 (92,974)27.36%
Environmental Control 317,565 45,907 125,111 (192,454)39.40%
Debt Service Payments 0 0 0 0 0.00%(3)
Total Expenses 3,973,495 717,665 1,395,846 (2,577,649)35.13%
(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
May, 2017 (unaudited)