March 2019 Storm Utility FundOver
2019 March 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
State DNR Grant 2,300,000 0 0 (2,300,000)(6)
Storm Sewer Charges 2,475,000 258,875 550,623 (1,924,377)22.25%
Hennepin County 500,000
Bassett Creek Watershed 1,031,500 0 0 (1,031,500) (5)
Miscellaneous Receipts 330,830 0 0 (330,830)
Sale or Loss of Assets 0 0 0 0
Total Revenue 6,687,330 258,875 550,623 (6,136,707)8.23%
Expenses:
Storm Utility 5,913,815 64,739 280,458 (5,633,357)4.74%(2) (3)
Street Cleaning 130,815 4,408 7,923 (122,892)6.06%
Environmental Control 402,605 23,235 64,835 (337,770)16.10%
Debt Service Payments 63,950 0 31,750 (32,200)0.00%(3)
Total Expenses 6,511,185 92,382 384,966 (6,126,219)5.91%(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.
(5) Bassett Creek Watershed Coomission reimbursed the City for a 2019 projects.
(6) DNR Grant for Decola Ponds B/C.
Further information about projects and financing are located in the 2019-2023 CIP and 2019-2020 Budget.
City of Golden Valley
Monthly Budget Report - Storm Utility Enterprise Fund
March 2019 (unaudited)