September 2017 Storm Utility FundOver
2017 September 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 2,375,000 184,846 1,670,024 (704,976)70.32%
Bassett Creek Watershed 0 0 0 0
Miscellaneous Receipts 207,775 57,299 56,488 (151,287)
Sale or Loss of Assets 0 17,800 17,800 17,800
State Grant - Other 0 0 282,188 282,188
Total Revenue 2,632,775 259,945 2,028,566 (604,209)77.05%
Expenses:
Storm Utility 3,527,930 205,565 3,426,321 (101,609)97.12%(2)
Street Cleaning 128,000 345 48,038 (79,962)37.53%
Environmental Control 317,565 15,950 205,599 (111,966)64.74%
Debt Service Payments 0 0 49,742 49,742 0.00%(3)
Total Expenses 3,973,495 221,860 3,729,700 (243,795)93.86%
(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
September, 2017 (unaudited)