July 2019 Storm Utility FundOver
2019 July 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
Henn County Grant-Decola 0 0 670,000 670,000 (6)
State DNR Grant 2,300,000 0 0 (2,300,000)(6)
Storm Sewer Charges 2,475,000 212,013 1,385,608 (1,089,392)55.98%
Hennepin County 500,000 0 0
Bassett Creek Watershed 1,031,500 0 41,207 (990,293) (5)
Miscellaneous Receipts 330,830 0 0 (330,830)
Sale or Loss of Assets 0 0 0 0
Total Revenue 6,687,330 212,013 2,096,815 (4,590,515)31.36%
Expenses:
Storm Utility 5,913,815 163,047 805,804 (5,108,011)13.63%(2) (3)
Street Cleaning 130,815 6,363 56,105 (74,710)42.89%
Environmental Control 402,605 21,436 161,170 (241,435)40.03%
Debt Service Payments 63,950 31,750 63,500 (450)0.00%(3)
Total Expenses 6,511,185 222,596 1,086,579 (5,424,606)16.69%(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
July 2019 (unaudited)