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<br /> BUDGET SUMMARY
<br /> 2011/12FY&2012/13FY Operating Budget
<br /> Sewer Operations and Maintenance(O&M)
<br /> 2010/11 FY Projected % Projected
<br /> Sewer(O&M) Midyear 2011/12FY Change 2012/13FY Change
<br /> Revenues 10,960,044 11,280,262 2.9% 11,600,480 2.8%
<br /> menses
<br /> DSRSD 7,100,000 7,200,000 1.4% 7,300,000 1.4%
<br /> All other expenses — 3,548,398 3,708,234 4.5% 3,811,636 2.8%
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<br /> Total Expenses 10,648,398 10,908,234 2.4% 11,111,636 1.9%
<br /> Net Income 311,646 372,028 488,844
<br /> Golf Fund
<br /> Golf revenues from green fees are projected based on 65,000 rounds of play for both
<br /> 2011/12FY and 2012/13FY. The estimated number of golf rounds in 2010/11 FY is 62,000
<br /> which is less than the 73,000 rounds achieved in 2006/07FY and 71,000 rounds in 2007/08FY.
<br /> Revenues are projected to increase by 3.9% in 2011/12FY and 1.7% in 2012/13FY. Expenses
<br /> are projected to increase by .1% in 2011/12FY and 2.9% in 2012/13FY. Net income from golf
<br /> operations will be subsidized with a transfer from the General fund of$1,000,000 in 2011/12FY
<br /> and $1,050,000 in 2012/13FY to pay for the annual debt service of approximately $1.5 million.
<br /> The following table summarizes the Golf Fund for the three years ending 2012/13FY.
<br /> Golf Course Operating Fund
<br /> 2010/11 FY Projected % Projected °h
<br /> Golf Operations Midyear 2011/12FY Change 2012/13FY Change
<br /> Revenues 4,147,400 4,307,500 3.9% 4,380,000 1.7%
<br /> Expenses _ 3,715,015 3,716,810 0.0% 3,824,690 2.9%
<br /> Net 432,385 590,690 555,310
<br /> Transfer In-
<br /> Subsidy From General Fund 1,150,000 1,000,000 -13.0% 1,050,000 5.0%
<br /> Net 1,582,385 1,590,690 1,605,310
<br /> Transfer Out-
<br /> Debt Service Payment_ 1,592,360 1,592,360 0.0% 1,592,360 0.0%
<br /> Net Income (9,975) (1,670) 12,950
<br /> Cemetery Fund
<br /> Since taking ownership of the cemetery, the City has completed several one-time physical
<br /> improvements to the Cemetery. The City also adopted operating policies for the cemetery,
<br /> including the creation of 400 additional plots and approving the plot fee schedule and contract
<br /> with Catholic Funeral and Cemetery Services for burial and monument services for families
<br /> that have purchased plots. For 2011/12FY and 2012/13FY, the Cemetery Fund assumes the
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