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<br />Due to an accounting change in overhead charges in 2000/01, the personnel services
<br />category was charged $733,000, which should have been shown as an operating transfer.
<br />Personnel expense for 2000/01 should be about $826,000. The 1999/00 materials, sup-
<br />plies, and services category reflects a reduction of $2 million for a prior year reduction
<br />adjustment of the City's equity interest in LA VWMA. The 2000/01 decrease in retained
<br />earnings reflects a reduction in LA VWMA retained earnings resulting from a
<br />reimbursement to member agencies of funds advanced prior to the LA VWMA Series A
<br />bond sale.
<br />
<br />Table 3 . City of Pleasanton Sewer Fund
<br /> Revenues, Expenses, and Changes in Retained Earnings
<br /> 1998/99 1999/00 2000/01
<br />Operating Revenues
<br />Charges for services $7,644,618 $8,967,880 $10,128.624
<br />Local connection fees 431,353 236.223 244.963
<br />Miscellaneous 21473 8529 13682
<br />Total operating revenues 8,097,444 9,212,632 10,387,269
<br />Operating Expenses
<br />Personnel servi ces 1 716.199 742.337 1.558,858
<br />Transportation 43.402 52.414 53.044
<br />Repairs and maintenance 31.423 52.541 55,766
<br />Materials, supplies. and services2 4.626.022 4,669,283 7,227.622
<br />Depreciation and amortization 384 726 386 705 401051
<br />Total operating expenses 5,801.772 5,903,280 9,296.341
<br />Operating Income 2.295,672 3,309,352 1 ,090,928
<br />Nonoperating Revenues (Expenses)
<br />Interest Income 414,191 475,518 782.835
<br />Interest expense (352,670) (330,776) (306.775)
<br />Equity interest In net gain [1055) from JOint ventures 2,140,980 2,929,530 (4,210,624)
<br />Gain (loss) from disposal of fixed assets 422 (1 142)
<br />Total nonoperating revenues [expenses) 2,202,501 3,074,694 (3.735.706)
<br />Net operating transfers (604,047) (653,979)
<br />Increase (decrease) In retained earnlngs3 3,894,126 5.730,067 {2,644.778l
<br />Retained earnings, beginning of year 13,160.463 17,054,589 22.784.656
<br />Retained earnings, end of year 17 .054,589 22.784,656 20.139,878
<br />
<br />1 - Due to an accounting change, $733,000 was Included as an expense In 2000101. Instead of an Interfund
<br />transfer
<br />2 - 1 999100 reflects $2 million reduction for a pnor year adjustment of equity Interest In LAVWMA
<br />3.2000/01 reflects a reduction in LAVWMA retained earnings resulting from a rEimbursement to member
<br />agenCies of funds advanced prior to the LAVVVMA SeriES A bond sale
<br />Source: ComprehenSive annual finanCIal reports of the issuer
<br />
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