June 2018 Storm Utility FundOver
2018 June 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 2,475,000 197,882 1,139,359 (1,335,641)46.03%
Bassett Creek Watershed 0 149,429 149,429 149,429 (5)
Miscellaneous Receipts 313,300 0 4,500 (308,800)
Sale or Loss of Assets 0 0 1,500 1,500
Total Revenue 2,838,300 347,311 1,294,788 (1,543,512)45.62%
Expenses:
Storm Utility 2,707,450 56,757 740,263 (1,967,187)27.34%(2) (3)
Street Cleaning 128,595 5,671 53,148 (75,447)41.33%
Environmental Control 336,790 13,874 100,696 (236,094)29.90%
Debt Service Payments 65,000 0 31,750 (33,250)0.00%(3)
Total Expenses 3,237,835 76,302 925,857 (2,311,978)28.59%(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
June 2018 (unaudited)