August 2017 Storm Utility FundOver
2017 August YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Interest Earnings-Other 0 0 2,066 2,066
Storm Sewer Charges 2,375,000 195,864 1,485,178 (889,822)62.53%
Bassett Creek Watershed 0 0 0 0
Miscellaneous Receipts 207,775 0 16,988 (190,787)
State Grant - Other 0 6,000 282,188 282,188
Total Revenue 2,632,775 201,864 1,786,420 (846,355)67.85%
Expenses:
Storm Utility 3,527,930 594,637 3,220,758 (307,172)91.29%(2)
Street Cleaning 128,000 226 47,692 (80,308)37.26%
Environmental Control 317,565 21,401 189,648 (127,917)59.72%
Debt Service Payments 0 0 49,742 49,742 0.00%(3)
Total Expenses 3,973,495 616,264 3,507,840 (465,655)88.28%
(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
August, 2017 (unaudited)