Sepetmber 2018 Storm Utility FundOver
2018 Sept 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 2,475,000 198,566 1,760,720 (714,280)71.14%
Bassett Creek Watershed 0 0 149,429 149,429 (5)
Miscellaneous Receipts 313,300 357 140,502 (172,798)
Sale or Loss of Assets 0 0 1,500 1,500
Total Revenue 2,838,300 198,923 2,052,151 (786,149)72.30%
Expenses:
Storm Utility 2,707,450 57,747 1,088,285 (1,619,165)40.20%(2) (3)
Street Cleaning 128,595 3,888 62,796 (65,799)48.83%
Environmental Control 336,790 28,570 228,455 (108,335)67.83%
Debt Service Payments 65,000 0 63,500 (1,500)0.00%(3)
Total Expenses 3,237,835 90,205 1,443,036 (1,794,799)44.57%(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
September 2018 (unaudited)