July 2018 Storm Utility FundOver
2018 July 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 2,475,000 213,150 1,352,509 (1,122,491)54.65%
Bassett Creek Watershed 0 0 149,429 149,429 (5)
Miscellaneous Receipts 313,300 132,565 137,066 (176,234)
Sale or Loss of Assets 0 0 1,500 1,500
Total Revenue 2,838,300 345,715 1,640,504 (1,197,796)57.80%
Expenses:
Storm Utility 2,707,450 398,325 880,094 (1,827,356)32.51%(2) (3)
Street Cleaning 128,595 3,968 57,116 (71,479)44.42%
Environmental Control 336,790 75,246 177,514 (159,276)52.71%
Debt Service Payments 65,000 0 31,750 (33,250)0.00%(3)
Total Expenses 3,237,835 477,539 1,146,474 (2,091,361)35.41%(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
July 2018 (unaudited)