September 2017 Conservation/Recycling FundOver
2017 September YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Hennepin County Recycling Grant 61,230 56,237 56,237 (4,993)91.85%(4)
Recycling Charges 382,520 29,624 258,443 (124,077)67.56%(2)
Miscellaneous Revenues 8,000 0 0 (8,000)
Interest on Investments 4,000 0 0 (4,000)0.00%(1)
Total Revenue 455,750 85,861 314,680 (141,070)69.05%
Expenses:
Recycling 466,795 21,951 254,754 (212,041)54.58%(3)
Total Expenses 466,795 21,951 254,754 (212,041)54.58%
(1) Interest Earnings are allocated at year-end.
(2) Includes utility billings thru September 2017.
(3) Republic Services are billed thru August and are receiving rebates again.
(4) Grant reduced due to no compost program.
City of Golden Valley
Monthly Budget Report - Conservation/Recycling Enterprise Fund
September 2017 (unaudited)