April 2018 Storm Utility FundOver
2018 April 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 2,475,000 220,916 732,863 (1,742,137)29.61%
Bassett Creek Watershed 0 175,000 175,000 175,000 (5)
Miscellaneous Receipts 313,300 0 4,500 (308,800)
Sale or Loss of Assets 0 0 1,500 1,500
Total Revenue 2,838,300 395,916 913,863 (1,924,437)32.20%
Expenses:
Storm Utility 2,707,450 234,993 649,076 (2,058,374)23.97%(2) (3)
Street Cleaning 128,595 17,074 26,317 (102,278)20.47%
Environmental Control 336,790 17,768 60,560 (276,230)17.98%
Debt Service Payments 65,000 0 31,750 (33,250)0.00%(3)
Total Expenses 3,237,835 269,835 767,703 (2,470,132)23.71%(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
April 2018 (unaudited)