November 2018 Water and Sewer FundOver
2018 November YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Water Charges 4,571,280 403,417 4,729,421 158,141 103.46%(1)
Emergency Water Supply 183,080 17,996 214,480 31,400 117.15%(2)
Sewer Charges 3,512,300 402,715 3,840,783 328,483 109.35%
Meter Sales 20,000 1,272 31,625 11,625 158.13%
Penalties 130,000 12,773 190,062 60,062 146.20%
Charges for Other Services 100,000 44,666 269,605 169,605 269.61%
State Water Testing Fee Pass Through 46,000 4,009 38,963 (7,037)84.70%
Sale of Assets 10,000 0 3,459 (6,541)34.59%
Franchise Fees 1,000,000 0 0 (1,000,000)0.00%
Certificate of Compliance 75,000 4,500 75,175 175 100.23%
Interest Earnings 25,000 0 0 (25,000)0.00%
Total Revenue 9,672,660 891,348 9,393,573 (279,087)97.11%
Expenses:
Utility Administration 2,930,400 163,753 2,000,689 (929,711)68.27%(3)
Sewer Maintenance 3,088,750 233,811 2,881,777 (206,973)93.30%
Water Maintenance 4,712,065 373,254 3,831,445 (880,620)81.31%
Total Expenses 10,731,215 770,818 8,713,911 (2,017,304)81.20%
(1) In April, Multi-Family Apartments were billed monthly instead of quarterly.
(2) Usage is up over 2018 due to dry fall and new apartments.
(3) Depreciation is allocated at year-end.
Further information about projects and financing are located in the 2018-2022 CIP and 2018-2019 Budget.
City of Golden Valley
Monthly Budget Report - Water and Sewer Utility Enterprise Fund
November 2018 (unaudited)