May 2018 Storm Utility FundOver
2018 May 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 2,475,000 208,614 941,477 (1,533,523)38.04%
Bassett Creek Watershed 0 0 0 0 (5)
Miscellaneous Receipts 313,300 0 4,500 (308,800)
Sale or Loss of Assets 0 0 1,500 1,500
Total Revenue 2,838,300 208,614 947,477 (1,890,823)33.38%
Expenses:
Storm Utility 2,707,450 36,569 685,646 (2,021,804)25.32%(2) (3)
Street Cleaning 128,595 18,113 44,430 (84,165)34.55%
Environmental Control 336,790 20,911 85,934 (250,856)25.52%
Debt Service Payments 65,000 0 31,750 (33,250)0.00%(3)
Total Expenses 3,237,835 75,593 847,760 (2,390,075)26.18%(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
May 2018 (unaudited)