November 2018 Storm Utility FundOver
2018 November YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Interest Earnings-Other 0 0 26,087 26,087
State DNR Grant 0 325,000 329,500 329,500 (6)
Storm Sewer Charges 2,475,000 211,188 2,182,186 (292,814)88.17%
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 2,838,300 536,263 2,829,278 (9,022)99.68%
Expenses:
Storm Utility 2,707,450 82,035 1,241,793 (1,465,657)45.87%(2) (3)
Street Cleaning 128,595 27,843 96,829 (31,766)75.30%
Environmental Control 336,790 18,123 355,427 18,637 105.53%
Debt Service Payments 65,000 450 63,950 (1,050)0.00%(3)
Total Expenses 3,237,835 128,451 1,757,999 (1,479,836)54.30%(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
November 2018 (unaudited)