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Table 4. Recommended Chan es to General Fund Reserve Desi nations
<br /> Ending Fund
<br /> General Fund — Fund Balance Reserve Designations Balance
<br /> 10% Reserve for Economic Uncertainties $8,611,000
<br /> Reserve for Golf Debt Service 2,000,000
<br /> Temporary Recession Reserve 11,170,000
<br /> Undesignated Reserve 3,551,533
<br /> Total $25,332,533
<br /> Enterprise Funds
<br /> Water Operations and Maintenance Fund — As shown in Table 5, recommended
<br /> changes to the Water Operations and Maintenance Fund include a reduction in
<br /> revenues of $1,067,998 due to lower interest rate assumptions on investment of idle
<br /> funds and the water rate increase being effective September 1, 2010 rather than July 1,
<br /> 2010. Changes also include a reduction in expenditures of 449,010 which includes
<br /> personnel costs of $412,1 due to retirements and the soft hiring freeze and non -
<br /> personnel costs of $36,900.
<br /> Table 5. Water Operations and Maintenance Fund Overview
<br /> 2010711 FY Recommended
<br /> Adjusted Midyear Adjustments MidYear
<br /> Budaat Personnel Non - Personnel Other Budget
<br /> Beginning Fund Balance $ 7.246,459 $ 7,246,459
<br /> Plus Revenues $ 20554,333 $ (1.067,998) $ 19,486,335
<br /> Transfers In $ 279,715 $ 279,715
<br /> Transfers Out $ 1 600,000 $ 1,600,000
<br /> Less Expenditures $ 19064.079 $ (412.110) $ (36,900) $ 18,615.069
<br /> Ending Fund Balance $ 7 416,428 _ $ 6.797,440
<br /> Sewer Operations and Maintenance Fund — As shown in Table 6, recommended
<br /> changes to the Sewer Operations and Maintenance Fund include a reduction in
<br /> revenues due to lower interest rate assumptions and a reduction in expenses mainly
<br /> due to a reduction in personnel costs of $63,986 and non - personnel costs of $53,778;
<br /> for a total reduction in expenses of $117,764.
<br /> Table 6.Sewer Operations and Maintenance Fund Overview
<br /> 2010111FY Recommended
<br /> Adjusted Midyear Adjustments MidYear
<br /> Budget algal Non - Personnel g.ihff Budget
<br /> Beginning Fund Balance $ 3,118,671 $ 3,118,671
<br /> Plus Revenues $ 11,914,889 $ (92,570) $ 11,822,319
<br /> Transfers In $ 169,873 $ 169,873
<br /> Transfers Out $ 1,200,000 $ 1,200,000
<br /> Less Expenditures $ 10,526,035 $ (63,986) $ (53,778) $ 10.408,271
<br /> Ending Fund Balance $ 3,477,398 $ 3,502,592
<br /> Golf Course Operations Fund — As shown in Table 7, recommended budget
<br /> adjustments for the Golf Course Operations Fund include a reduction in revenues of
<br /> $89,760 and a reduction in expenses of $284,220. Although golf rounds are expected
<br /> to be very close to the number assumed in the Midterm Budget, the average revenue
<br /> per round is expected to be less than assumed. Expenses are expected to be lower
<br /> than budget for materials, fuel, irrigation water, and other miscellaneous costs.
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