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Special Revenue Funds
SPECIAL REVENUE FUNDS Special Revenue Funds are Governmental Fund types used to account for the proceeds of specific revenue sources (other than for major capital projects) that are legally restricted to expenditures for specified purposes. A Special Revenue fund has been established for the following division: Golden Valley Human Services Fund Brookview Center 122 HUMAN SERVICES FUND DIVISION This division receives pull tab monies and has various events to raise money for non-profit organizations that help Golden Valley residents in need. The contributions to various human service organizations are determined by the City Council based on the recommendation of the Human Services Fund, which is separately constituted City Commission. 123 CITY OF GOLDEN VALLEY HUMAN SERVICES FUND REVENUE DETAIL Actual 2015 Actual 2016 Adopted 2017 Estimated 2017 Adopted 2018 Concept 2019 Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Lawful Gambling Proceeds $36,802 41.4% $31,631 46.2% $30,000 49.4% $29,000 51.3% $30,000 49.4% $30,000 49.4% Fund Raising Proceeds 51,123 57.5% 35,682 52.1% 30,000 49.4% 26,500 46.9% 30,000 49.4% 30,000 49.4% Interest Earnings 960 1.1% 1,219 1.8% 700 1.2% 1,000 1.8% 700 1.2% 700 1.2% TOTALS $88,885 100.0% $68,532 100.0% $60,700 100.0% $56,500 100.0% $60,700 100.0% $60,700 100.0% 124 CITY OF GOLDEN VALLEY 2018-2019 OPERATING BUDGET DIVISION: Human Services(094) PROGRAM: Human Services Fund(2020) 2015 2016 2017 2017 2018 2019 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Supplies and Services 6320 Supplies $11,247 $11,957 $17,100 $11,515 $17,100 $17,100 6440 Other Contractual Services 44,000 50,000 60,000 60,000 60,000 60,000 TOTAL Supplies and Services 55,247 61,957 77,100 71,515 77,100 77,100 TOTALS $55,247 $61,957 $77,100 $71,515 $77,100 $77,100 125 CITY OF GOLDEN VALLEY HUMAN SERVICES FUND FUND BALANCE ANALYSIS Fund Balance @ 01/01/16 $208,846 Estimated Revenue - 2017 $56,500 Estimated Expenses - 2017 71,515 Excess of Revenue Over(Under) Expenses (15,015) Estimated Fund Balance @ 12/31/17 $193,831 Adopted Revenue - 2018 60,700 Adopted Expenses - 2018 77,100 Excess of Revenue Over(Under) Expenses (16,400) Projected Fund Balance @ 12/31/18 $177,431 Concept Revenue - 2019 60,700 Concept Expenses - 2019 77,100 Excess of Revenue Over(Under) Expenses (16,400) Projected Fund Balance @ 12/31/19 $161,031 126 BROOKVIEW CENTER DIVISION This division accounts for the operations of the Brookview Center. The Center opened on December 1, 2017. It has an indoor playground with party rooms, a banquet facility, and other meeting rooms for rent. The Pro Shop and Three One Six Bar + Grill are included in the Brookview Golf Course budget. Staffing 1 Custodian .5 Banquet Facility Manager 127 CITY OF GOLDEN VALLEY BROOKVIEW CENTER REVENUE DETAIL Actual 2015 Actual 2016 Adopted 2017 Estimated 2017 Adopted 2018 Concept 2019 Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Indoor Play Area Daily&Punch Passes $30,000 39.5% $10,050 86.3% $160,000 32.7% $160,000 32.7% Groups&Private Rentals 10,000 13.2% 0.0% 100,000 20.4% 100,000 20.4% Party Room Rentals 10,000 13.2% 0.0% 65,000 13.3% 65,000 13.3% Merchandise 450 0.6% 0.0% 1,500 0.3% 1,500 0.3% Room Rentals Meeting Room Rental $2,410 20.7% 45,000 9.2% 45,000 9.2% Banquet Facility 20,000 26.3% 0.0% 100,000 20.4% 100,000 20.4% Deck Rental Police on Duty 500 0.7% 0.0% 3,000 0.6% 3,000 0.6% Catering Room Usage Fee 5,000 6.6% 0.0% 50,000 10.2% 50,000 10.2% Public Art Sales 1,000 0.2% 1,000 0.2% Sales Tax (810) -7.0% (35,684) -7.3% (35,684) -7.3% Interest Earnings 0 0.0% 0.0% 100 0.0% 100 0.0% TOTALS $0 0.0% $0 0.0% $75,950 100.0% $11,650 100.0% $489,915 100.0% $489,915 100.0% 128 CITY OF GOLDEN VALLEY 2018-2019 OPERATING BUDGET Division: Brookview Center(020) 2015 2016 2017 2017 2018 2019 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular $0 $0 $57,065 $37,565 $119,585 $121,500 6111 Salaries-Overtime - - 2,000 1,000 2,000 2,000 6130 Salaries-Temporary Employees - - 47,175 42,175 122,915 126,595 6150 Employee Insurance - - 20,435 20,435 38,575 39,735 6160 Retirement - - 20,375 17,365 38,370 39,530 TOTAL Personal Services - - 147,050 118,540 321,445 329,360 Supplies and Services 6320 Operating Supplies - - 59,300 53,300 57,300 57,300 6324 Clothing - - 2,200 1,200 2,200 2,200 6340 Professional Services - - 500 500 500 500 6343 Telephone - - 2,400 2,400 2,500 2,500 6352 Public Information - - 42,000 42,000 42,000 42,000 6382 Contractual Maintenance - - 15,000 15,000 40,000 40,000 6390 Rentals - - 4,000 4,000 12,000 12,000 6411 Conferences and Schools - - 2,000 1,000 2,500 2,500 6440 Other Contractual Services - 11,500 6,500 5,500 5,500 TOTAL Supplies and Services - 138,900 125,900 164,500 164,500 TOTALS $0 $0 $285,950 $244,440 $485,945 $493,860 129 CITY OF GOLDEN VALLEY 2018-2019 OPERATING BUDGET Division: Brookview Center(065) Program: BV General Area/Rooms(2041) 2015 2016 2017 2017 2018 2019 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $0 $0 $34,000 $14,500 $79,060 $79,755 6111 Overtime-Regular Employees - - 2,000 1,000 2,000 2,000 6130 Salaries-Temporary Employees - - 35,175 30,175 89,160 91,840 6150 Employee Insurance - - 9,055 9,055 24,765 25,505 6160 Retirement - - 11,385 11,385 26,605 27,405 TOTAL Personal Services 0 0 91,615 66,115 221,590 226,505 Supplies and Services 6320 Operating Supplies - - 52,500 46,500 50,500 50,500 6324 Clothing - 2,200 1,200 2,200 2,200 6340 Professional Services - 500 500 500 500 6343 Telephone - - 2,400 2,400 2,500 2,500 6352 Public Information - - 4,000 4,000 4,000 4,000 6390 Rentals - - 1,500 1,500 7,000 7,000 6411 Conferences and Schools - - 2,000 1,000 2,500 2,500 6440 Other Contractual Services - - 11,000 6,000 - - TOTAL Supplies and Services 0 0 76,100 63,100 69,200 69,200 TOTALS $0 $0 $167,715 $129,215 $290,790 $295,705 130 CITY OF GOLDEN VALLEY 2018-2019 OPERATING BUDGET Division: Brookview Center(065) Program: BV Indoor Play Area(2042) 2015 2016 2017 2017 2018 2019 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6130 Salaries-Temporary Employees $0 $0 $12,000 $12,000 $33,755 $34,755 6150 Employee Insurance - - 1,200 1,200 3,375 3,480 6160 Retirement - - 1,875 1,875 5,280 5,445 TOTAL Personal Services - - 15,075 15,075 42,410 43,680 Supplies and Services 6320 Operating Supplies - 4,800 4,800 4,800 4,800 6352 Public Informaiton - - 19,000 19,000 19,000 19,000 6382 Contractual Maintenance - - 15,000 15,000 40,000 40,000 6390 Rentals - - 1,000 1,000 1,000 1,000 TOTAL Supplies and Services - - 39,800 39,800 64,800 64,800 TOTALS $0 $0 $54,875 $54,875 $107,210 $108,480 131 CITY OF GOLDEN VALLEY 2017-2018 OPERATING BUDGET Division: Brookview Center(065) Program: Banquet Facility(2043) 2014 2015 2016 2016 2017 2018 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED CONCEPT Personal Services 6110 Salaries-Regular $0 $0 $23,065 $23,065 $40,525 $41,745 6150 Employee Insurance - - 10,180 10,180 10,435 10,750 6160 Retirement 7,115 4,105 6,485 6,680 TOTAL Personal Services 40,360 37,350 57,445 59,175 Supplies and Services 6320 Operating Supplies - 2,000 2,000 2,000 2,000 6352 Public Information - - 19,000 19,000 19,000 19,000 6390 Rentals - - 1,500 1,500 4,000 4,000 6440 Other Contractual Services - - 500 500 5,500 5,500 TOTAL Supplies and Services - - 23,000 23,000 30,500 30,500 TOTALS $0 $0 $63,360 $60,350 $87,945 $89,675 132 CITY OF GOLDEN VALLEY BROOKVIEW CENTER FUND FUND BALANCE ANALYSIS Fund Balance @ 01/01/17 $286,090 Estimated Revenue - 2017 $11,650 Estimated Expenses - 2017 244,440 Excess of Revenue Over (Under) Expenses (232,790) Estimated Fund Balance @ 12/31/17 $53,300 Adopted Revenue - 2018 489,915 Adopted Expenses - 2018 485,945 Excess of Revenue Over(Under) Expenses 3,970 Projected Fund Balance @ 12/31/18 $57,270 Concept Revenue - 2019 489,915 Concept Expenses - 2019 493,860 Excess of Revenue Over (Under) Expenses (3,945) Projected Fund Balance @ 12/31/19 $53,325 133