February 2018 Storm Utility FundOver
2018 February YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Interest Earnings-Other 0 0 0 0
Storm Sewer Charges 2,475,000 196,450 327,428 (2,147,572)13.23%
Bassett Creek Watershed 0 0 0 0
Miscellaneous Receipts 313,300 0 0 (313,300)
Sale or Loss of Assets 0 0 0 0
Total Revenue 2,838,300 196,450 327,428 (2,510,872)11.54%
Expenses:
Storm Utility 2,707,450 75,564 225,546 (2,481,904)8.33%(2) (3)
Street Cleaning 128,595 215 576 (128,019)0.45%
Environmental Control 336,790 18,952 28,403 (308,387)8.43%
Debt Service Payments 65,000 0 31,750 (33,250)0.00%(3)
Total Expenses 3,237,835 94,731 286,275 (2,951,560)8.84%(4)
(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.
(4) Reserves are being used that were planned.
City of Golden Valley
Monthly Budget Report - Storm Utility Enterprise Fund
February 2018 (unaudited)