March 2018 Storm Utility FundOver
2018 March 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 2,475,000 184,519 511,947 (1,963,053)20.68%
Bassett Creek Watershed 0 0 0 0
Miscellaneous Receipts 313,300 0 4,500 (308,800)
Sale or Loss of Assets 0 1,500 1,500 1,500
Total Revenue 2,838,300 186,019 517,947 (2,320,353)18.25%
Expenses:
Storm Utility 2,707,450 188,537 414,083 (2,293,367)15.29%(2) (3)
Street Cleaning 128,595 8,667 9,243 (119,352)7.19%
Environmental Control 336,790 13,999 42,792 (293,998)12.71%
Debt Service Payments 65,000 0 31,750 (33,250)0.00%(3)
Total Expenses 3,237,835 211,203 497,868 (2,739,967)15.38%(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
March 2018 (unaudited)