October 2018 Storm Utility FundOver
2018 October YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Interest Earnings-Other 0 25,087 26,087 26,087
Storm Sewer Charges 2,475,000 210,278 1,970,998 (504,002)79.64%
Bassett Creek Watershed 0 0 149,429 149,429 (5)
Miscellaneous Receipts 313,300 75 140,576 (172,724)
Sale or Loss of Assets 0 0 1,500 1,500
Total Revenue 2,838,300 235,440 2,288,590 (549,710)80.63%
Expenses:
Storm Utility 2,707,450 71,473 1,159,758 (1,547,692)42.84%(2) (3)
Street Cleaning 128,595 6,190 68,986 (59,609)53.65%
Environmental Control 336,790 108,849 337,304 514 100.15%
Debt Service Payments 65,000 0 63,500 (1,500)0.00%(3)
Total Expenses 3,237,835 186,512 1,629,548 (1,608,287)50.33%(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
October 2018 (unaudited)