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26 - Storm Water Utility DivisionSTORM WATER UTILITY DIVISION This division of the Public Works Maintenance Department operates and maintains the City's storm water utility system. STAFFING Sustainability Specialist 1 Water & Natural Resources Specialist 1 Environmental Resources Supervisor 1 Other Public Works employees charge a percentage of their time to perform the needed duties to maintain the storm utility system. REVENUES Each residential lot is considered .33 acre and charged a flat quarterly rate per unit. Commercial properties are charged per acreage and multiplied by a residential equivalency factor per City ordinance. EXPENSES This division includes storm sewer maintenance, street cleaning, environmental controls, and debt service on the storm utility bonds. The bonds sold in 2016 with be paid with Tax Increment Financing from The Liberty Development located at Winnetka Avenue and Medicine Lake Road. CITY OF GOLDEN VALLEY STORM WATER UTILITY FUND REVENUE DETAIL Actual 2020 Actual 2021 Adopted 2022 Estimated 2022 Concept 2023 Adopted 2023 Concept 2024 Percent Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Storm Sewer Charges (1) $2,559,800 52.6% $2,749,086 86.4% $2,775,000 55.4% $2,775,000 55.4% $2,875,000 61.1% $2,875,000 58.6% $2,975,000 52.9% State of Minnesota 1,002,158 20.6% (22,671) -0.7% 1,300,000 25.9% 1,300,000 26.0% 0 0.0% 0 0.0% 1,000,000 17.8% DNR/Bridge Funds Bassett Creek Watershed 603,773 12.4% 300 0.0% 700,000 14.0% 700,000 14.0% 1.300,000 1,450,000 29.6% 1,000,000 17.8% Commission 0.0% Board of Soil and Water Resources 0.0% Other 26,211 0.5% 0.0% 2,981 0.1 % 185,400 3.7% 182,990 3.7% 180,940 3.8% 180,400 3.7% 182,850 3.2% Interfund Loans Hennepin County 0.0% 0 0.0% 0.0% 300,000 6.4% 300,000 370,000 Water/Sewer 0 0.0% 50500 50500 Sale of Assets - 0.0% 0.0% 0 Permanent Transfers 512,391 10.5% 505,246 15.9% Interest Earnings 158,841 3.30/6 (52,893) -1.7% 50,000 1.0% 50,000 1.0% 50,000 1.1% 50,000 1.0% 50,000 0.9% TOTALS $4,863,174 100.0% $3,182,049 100.0% $5,010,400 100.0% $5,007,990 100.0% 34,705,940 72.4% $4,905,900 92.9% $5,628,350 92.5% CITY OF GOLDEN VALLEY 2023 - 2024 OPERATING BUDGET Division: Storm Water Utility Maintenance (093) 2020 2021 2022 2022 2023 2023 2024 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED CONCEPT ADOPTED CONCEPT Personal Services 6110 Salaries -Regular Employees 6111 Overtime -Regular Employees 6130 Salaries -Temporary Employees 6150 Employee Insurance 6160 Retirement TOTAL Personal Services Supplies and Services 6320 Operating Supplies 6324 Clothing 6340 Professional Services 6342 Postage 6343 Telephone 6344 Use of Personal Auto 6352 General Notices and Publications 6371 Electric Service 6372 Gas Service 6375 Waste Disposal 6382 Contractual Maintenance 6390 Rentals 6411 Conferences and Schools 6413 Dues & Subscriptions 6440 Other Contractual Services TOTAL Supplies and Services Vehicle Maintenance Charges 7401 Maintenance Charges -Labor 7402 Maintenance Charges -Parts 7403 Motor Fuels TOTAL Vehicle Maintenance Chgs Capital Outlay 6960 Capital Outlay TOTAL Capital Outlay Transfers 7220 Overhead Transfer -General Fund TOTAL Transfers Debt Services 7310 Debt Service -Principal 7315 Debt Service -Interest 7320 Fiscal Charges TOTAL Debt Services TOTALS $266,204 $276,312 3,059 7,137 - 15,184 69,871 75,019 34,381 42,506 373,515 416,158 39,787 35,850 - 175 92,308 103,931 358 758 4,690 6,565 328 275 8,757 3,793 42,048 42,774 530 1,923 1,602 1,165 144,693 145,228 335,101 342,437 28,729 58,768 26,081 28,975 4,368 5,625 59,178 93,368 1,115,495 1,825,263 1,115,495 1,825,263 200,000 200,000 200,000 200,000 - 120,000 59,243 59,900 450 450 $292,450 $292,450 16,360 13,405 16,865 1,500 83,410 83,410 56,335 56,335 465,420 447,100 60,250 60,250 350 350 264,300 264,300 1,200 1,200 700 700 2,500 2,500 5,000 6,600 600 600 10,000 10,000 53,340 53,340 5,725 5,725 5,685 5,685 151,220 148,480 560,870 559,730 30,385 38,000 26,400 31,000 9,395 9,615 66,180 78,615 5,147,000 5,147,000 5,147,000 5,147,000 $301,855 $391,755 16,595 16,205 17,380 199400 85,285 108,545 58,965 75,870 480,080 611,775 60,250 60,920 350 850 166,300 166,550 1,200 1,290 700 1,800 2,500 2,700 5,000 6,750 600 600 10,000 10,000 54,930 54,930 5,725 5,725 5,685 5,685 157,615 162,070 470,855 479,870 31,555 39,100 27,510 31,200 9,980 10,730 69,045 81,030 3,525,000 4,670,000 3,525,000 4,670,000 200,000 200,000 200,000 250,000 200,000 200,000 200,000 250,000 125,000 125,000 125,000 125,000 57,450 57,540 54,950 54,950 450 450 450 450 $405,255 16,695 20,050 112,270 78,485 632,755 61,060 850 166,800 1,320 1,900 2,750 7,000 600 11,000 54,930 5,725 5,685 165,000 484,620 40,300 32,300 10,845 83,445 5,325,000 5,325,000 250,000 250,000 130,000 52,400 450 59,693 180,350 182,900 182,990 180,400 180,400 182,850 $2,142,982 $3,057,576 $6,622,370 $6,615,435 $4,925,380 $6,273,075 $6,958,670 CITY OF GOLDEN VALLEY STORM SEWER UTILITY FUND NET ASSETS ANALYSIS Net Assets @ 01 /01 /22 Estimated Revenue - 2022 5,007,990 Estimated Expenses - 2022 6,615,435 Excess of Revenue Over (Under) Expenses Estimated Net Assets @ 12/31/22* Adopted Revenue - 2023 4,905,900 Adopted Expenses - 2023 6,273,075 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31/23* Concept Revenue - 2024 5,628,350 Concept Expenses - 2024 6,958,670 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31 /24* $10,529,394 (1,607,445) $8,921,949 (1,367,175) $7,554,774 (1,330,320) $6,224,454