11 - Laserfiche WebLink

Water Operations and Maintenance (0 M) and Debt Service Funds The Water Operating Fund highlights include: Ending Fund Balance of $8.3 million. Expenditures (including a transfer to the Water Replacement Fund of $1.85 million) exceeded revenues by $1.764 million. Water sales of $14.81 million were $691,086 less than forecasted Expenditures were less than budget in the following areas: personnel costs ($250,722) electricity ($56,306) interfund overhead charges ($83,211) Sewer Operations and Maintenance (0 M) and Debt Funds The Sewer Operating Funds highlights included: Ending Fund Balance of $3.4 million. Expenditures (including a transfer to the Sewer Replacement Fund of $1.2 million) exceeded revenues by $520,000 Sewer revenues of $10.66 million were $802,252 less than forecasted Expenditures were less than budget in the following areas: personnel costs ($62,121) professional /contracted services ($101,000) DSRSD Regional sewer ($570,552 due to a rate decrease see explanation below) Sewer rates charged to our customers include both a local collection fee and a regional fee [passed on to either the Dublin San Ramon Services District (DSRSD) or the City of Livermore for sewer treatment services and to the Livermore Amador Valley Water Management Agency (LAVWMA) for export services]. In 2009, DSRSD decreased the regional component of the sewer rate (approximately 7% overall for all customer types), which accounts for a majority of the reduced operating revenues and expenditures during the year highlighted above. CALLIPPE PRESERVE GOLF COURSE OPERATING FUND The Callippe Preserve Golf Course operating funds consist of the Golf Course Operator Fund (reports on the actual operations of the golf course), the Golf General Fund, Contributed Capital Fund, and the Replacement Fund. The total fund balance for all three golf operating funds is $1,843,922. This is within $1,200 of the budgeted fund balance. Page 5 of 8