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Sewer Operations and Maintenance (0 & M) and Debt Funds
<br /> The Sewer Operating Fund ended 2009/10FY with a slightly lower than projected fund
<br /> balance due to lower than projected revenues received in the Sewer Fund. Sewer rates
<br /> charged to our customers include both a local collection fee and a regional fee (passed
<br /> on to either the Dublin San Ramon Services District (DSRSD) or the City of Livermore
<br /> for sewer treatment services and to the Livermore - Amador Valley Water Management
<br /> Agency (LAVWMA) for export services). In 2009/10FY, DSRSD decreased the regional
<br /> component of the sewer rate (approximately 7% overall for all customer types), which
<br /> accounts for a majority of the reduced operating revenues and expenditures as
<br /> compared to the Amended Budget during the year highlighted in Table 6.
<br /> Table 6. Sewer Operations and Maintenance (O&M) and Debt Funds — Amended
<br /> Budget vs. Actual
<br /> To Actual vs
<br /> Sewer O &M /Debt Funds Amended Budget Actual Vatrlance Budget
<br /> Beginning Fund Balance $ 3,480,179 $ 3,480,179 $ -
<br /> Plus Revenues $ 11,609,502 $ 10,796,412 $ (813,090) -7.0%
<br /> Less Net Transfers $ (867,343) $ (1,033,971) $ (166,628) 19.2%
<br /> Less Expenditures $ 10,788,684 $ 10,123,949 $ (664,735) -6.2%
<br /> Ending Fund Balance $ 3,433,654 $ 3,118,671 $ (314,983) -9.2%
<br /> The Sewer Operating Funds highlights included:
<br /> ➢ Ending Fund Balance of $3.118 million; approximately $315,000
<br /> less than anticipated in the Amended Budget.
<br /> ➢ Expenditures (including a transfer to the Sewer Replacement Fund
<br /> of $1.5 million) were approximately $865,000 less than the
<br /> Amended Budget.
<br /> ➢ Sewer revenues of $10.123 million were approximately $813,000
<br /> less than forecasted due to DSRSD reducing their rates for the one
<br /> year period.
<br /> ➢ Expenditures were less than budget due mainly to the following:
<br /> ✓ DSRSD Regional sewer rate decrease; therefore, the
<br /> collection and subvention of the regional fees were both less
<br /> than budgeted.
<br /> CALLIPPE PRESERVE GOLF COURSE OPERATING FUNDS
<br /> The Callippe Preserve Golf Course operating funds consist of the Golf Course Operator
<br /> Fund (reports the actual operations of the golf course), the Golf Debt Service Fund
<br /> (General Fund Reserve), Contributed Capital Fund, and the Replacement Fund. The
<br /> total fund balance for all three golf operating funds was $1,201,103 as of June 30, 2010
<br /> as shown below in Table 7.
<br /> Table 7.Callippe Preserve Golf Course Operating Fund — Amended Budget vs.
<br /> Actual
<br /> I 1 i r. l
<br /> Beginning Fund Balance 1,843,922 1,843,922 -
<br /> Plus Revenues 4,342,232 4,202,855 (139,377) -3.2%
<br /> Less Net Transfers (1,296,045) (1,296,045) - 0.0%
<br /> Less Ex•enditures 3,812,168 3,549,628 (262,540) -6.9%
<br /> IM 1,077,941 1,201,104 123,163 11.4%
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