November 2017 Storm Utility FundOver
2017 November YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Interest Earnings-Other 0 0 31,879 31,879
Storm Sewer Charges 2,375,000 196,453 2,069,457 (305,543)87.14%
Bassett Creek Watershed 0 0 0 0
Miscellaneous Receipts 207,775 164,897 222,196 14,421
Sale or Loss of Assets 0 0 17,800 17,800
State Grant - Other 0 550,748 832,935 832,935 (4)
Total Revenue 2,632,775 912,098 3,174,267 541,492 120.57%
Expenses:
Storm Utility 3,527,930 406,276 4,550,186 1,022,256 128.98%(2) (3)
Street Cleaning 128,000 17,515 72,454 (55,546)56.60%
Environmental Control 317,565 16,520 257,036 (60,529)80.94%
Debt Service Payments 0 450 75,931 75,931 0.00%(3)
Total Expenses 3,973,495 440,761 4,955,607 982,112 124.72%(5)
(1) Interest Earnings are allocated at year-end.
(2) Depreciation is allocated at year-end and.
(3) Debt service payments and Medicine Lake Rd Improvements will be reimbursed by TIF.
Future TIF reimbursement $1,196,435
(4) State -10th Avenue Culvert.
(5) Reserves are being used that were planned.
City of Golden Valley
Monthly Budget Report - Storm Utility Enterprise Fund
November, 2017 (unaudited)