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contribution. Excess contributions in this fund have been accumulated over the prior two fiscal years. Now that all benefit costs are final and have been accounted for these excess contributions funds can be allocated back to the contributing funds as shown in Table 6 below. Table 6. Return of Excess Contributions made to Em lo ee Benefit Fund Amount of Excess Funds Contributing to Employee Benefit Fund Contributions General Fund 1,677,306 Livermore Pleasanton Fire Department Special Revenue Fund 205,138 Water Operations Enterprise Fund 76,352 Sewer Operations Enterprise Fund 35,903 Storm Drain Enterprise Fund 14,118 Para- Transit Enterprise Fund 7,195 Tota I 2,016,012 Enterprise Funds Water Operations and Maintenance Fund Water revenues adjustments include a decrease in revenue of $232,570 due to assumed water rate increases being postponed. Net transfers are being increased $76,352 due to the Water Fund pro -rata share of excess contributions in the Employee Benefit Fund, and expenses are being adjusted down $192,414 in Interfund charges in part reflecting lower direct General Fund charges as a result of the reorganization moving the Utility Billing Division to the Operations Service Department. Sewer Operations and Maintenance Fund Net transfers are being increased $35,903 due to the Sewer Fund pro -rata share of excess contributions in the Employee Benefit Fund, and expenses are being adjusted down $328,723 in Interfund charges in part reflecting in part lower direct General Fund charges as a result of the reorganization moving the Utility Billing Division to the Operations Service Department. Golf Course Operations Fund As shown in Table 7, recommended budget adjustments for the Golf Course Operations Fund include a reduction in revenues of $226,365 and a reduction of expenses of $130,000 resulting in $96,365 less in net income. The reductions in revenues include $160,000 less in green fees and $66,365 less other revenue which includes food beverage, merchandise sales, cart rental, and driving range. Although golf rounds are expected to be very close to the number assumed in the adopted budget, the average revenue per round is expected to be less than assumed. The reason for this is that the type of play has transitioned into fewer non resident player rounds and fewer players in tournament play. Both of these categories produce more revenue per round than discounted resident fee rounds. Expenses are expected to be lower than budget for materials, fuel, irrigation water, and other miscellaneous costs. Page 7 of 9