June 2017 Storm Utility FundOver
2017 June 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 2,375,000 185,303 1,086,129 (1,288,871)45.73%
Bassett Creek Watershed 0 0 0 0
Miscellaneous Receipts 207,775 0 16,988 (190,787)
State Grant - Other 0 276,188 276,188 276,188
Total Revenue 2,632,775 461,491 1,380,423 (1,252,352)52.43%
Expenses:
Storm Utility 3,527,930 500,011 1,769,896 (1,758,034)50.17%(2)
Street Cleaning 128,000 12,012 47,039 (80,961)36.75%
Environmental Control 317,565 21,875 146,987 (170,578)46.29%
Debt Service Payments 0 0 0 0 0.00%(3)
Total Expenses 3,973,495 533,898 1,963,922 (2,009,573)49.43%
(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
June, 2017 (unaudited)