October 2018 General FundOver %
2018 October YTD (Under)Of Budget
Budget Actual Actual Budget Expend.
001 Council $370,935 38,748 283,384 ($87,551)76.40%(3)
003 City Manager 813,410 56,642 614,136 (199,274)75.50%
004 Transfers Out 1,982,580 0 1,982,580 0 100.00%(1)
005 Admin. Services 1,986,970 125,880 1,623,099 (363,871)81.69%
006 Legal 158,100 13,992 172,069 13,969 108.84%(2)
007 Risk Management 310,000 90,750 328,780 18,780 106.06%(5)
011 General Gov't. Bldgs.732,680 56,726 518,492 (214,188)70.77%
016 Planning 409,655 29,207 263,536 (146,119)64.33%
018 Inspections 811,280 59,316 613,730 (197,550)75.65%(4)
022 Police 6,204,575 434,041 4,501,256 (1,703,319)72.55%
023 Fire 1,561,150 111,626 1,078,886 (482,264)69.11%(3)
035 Physical Dev Admin 309,505 18,597 241,584 (67,921)78.05%
036 Engineering 776,095 70,326 576,355 (199,740)74.26%
037 Streets 1,790,925 109,323 1,515,560 (275,365)84.62%
066 Park & Rec. Admin.737,210 52,544 593,208 (144,002)80.47%
067 Park Maintenance 1,215,945 100,371 978,383 (237,562)80.46%
068 Recreation Programs 445,385 25,972 304,368 (141,017)68.34%
TOTAL Expenditures $20,616,400 $1,394,061 $16,189,406 ($4,426,994)78.53%
(1) Transfers were made in June, 2018 except for Equipment Transfer of $882,580.
(2) Legal services are billed thru June. Staff Attorney started 7-16.
(3) 2017 Fund Balance Assigned -$65,,000 Fire ;$20,000 Council April 17, 2018
(4) 2018 Fund Balance Amended -$42,,000 Inspections Council April 3, 2018
(5) Dividend is sent in December.
City of Golden Valley
Monthly Budget Report - General Fund Expenditures
October, 2018 (unaudited)
Division
83.00%
Over %
2018 October YTD (Under)of Budget
Type Budget Actual Actual Budget Received
Ad Valorem Taxes $17,253,460 0 9,520,623 ($7,732,837)55.18%(1)
Licenses 220,980 4,860 213,060 ($7,920)96.42%
Permits 929,785 125,011 1,426,593 $496,808 153.43%
State Aid 52,375 10,440 80,370 $27,995 153.45%(2)
County Aid 0 1,319 $1,319
Charges For Services:
General Government 25,250 509 24,827 ($423)98.32%
Public Safety 160,900 13,216 183,538 $22,638 114.07%
Public Works 163,600 14,478 153,339 ($10,261)93.73%
Park & Rec 415,550 37,053 358,585 ($56,965)86.29%
Other Funds 691,500 78,770 649,184 ($42,316)93.88%
Fines & Forfeitures 320,000 31,656 298,565 ($21,435)93.30%(3)
Interest On Investments 75,000 0 0 ($75,000)0.00%(4)
Miscellaneous Revenue 193,000 17,321 169,101 ($23,899)87.62%
Transfers In 30,000 2,500 25,000 ($5,000)83.33%(5)
TOTAL Revenue $20,531,400 $335,814 $13,104,104 ($7,427,296)63.82%
Notes:
(1) Payments are received in July, December, and January (delinquencies).
The first payment for taxes included some payments in full.
(2) Police Training will be paid in August. Safe and Sober is billed on time spent.
LGA is paid in July, Dec ($37,185 total).
(3) Fines/Forfeitures are thru for September 2018.
(4) Investment income is allocated at year end.
(5)Transfers are monthly.
Percentage Of Year Completed
City of Golden Valley
Monthly Budget Report - General Fund Revenues
October 2018 (unaudited)