May 2019 Storm Utility FundOver
2019 May 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 2,475,000 209,534 974,984 (1,500,016)39.39%
Hennepin County 500,000 0 0
Bassett Creek Watershed 1,031,500 41,207 41,207 (990,293) (5)
Miscellaneous Receipts 330,830 0 0 (330,830)
Sale or Loss of Assets 0 0 0 0
Total Revenue 6,687,330 250,741 1,016,191 (5,671,139)15.20%
Expenses:
Storm Utility 5,913,815 62,075 578,440 (5,335,375)9.78%(2) (3)
Street Cleaning 130,815 11,302 45,440 (85,375)34.74%
Environmental Control 402,605 30,374 123,392 (279,213)30.65%
Debt Service Payments 63,950 0 31,750 (32,200)0.00%(3)
Total Expenses 6,511,185 103,751 779,022 (5,732,163)11.96%(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
May 2019 (unaudited)