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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). The results of the 2010-11 FY sewer <br /> operations are shown in Table 6. <br /> Table 6. Sewer Operations and Maintenance (O&M) and Debt Funds — Amended <br /> Budget vs. Actual <br /> Amended %Actual vs <br /> Sewer O&M/Debt Funds Budget Actual Variance Budget <br /> Beginning Fund Balance 3,118,672 3,118,672 - <br /> Plus Revenues 11,822,319 11,190,431 (631,888) -5.3% <br /> Less Net Transfers (1,030,127) (1,041,284) (11,157) 1.1% <br /> Less Expenditures (9,508,272) (9,797,439) (289,167) 3.0% <br /> Ending Fund Balance 4,402,592 3,470,380 (932,212) <br /> Change in Fund Balance 1,283,920 351,708 (932,212) <br /> The Sewer Operating Funds highlights included: <br /> ➢ Ending Fund Balance of $3.470 million; approximately $932,000 <br /> less than anticipated in the Amended Budget; however, actual <br /> operating results was a gain of $351,000. This was mainly due to <br /> staff overestimating sewer charges in 2010-11FY. Staff did adjust <br /> the 2011-12FY estimates for revenues to $11.1 million in the Two <br /> Year Budget adopted by Council on June 21, 2011 in order to avoid <br /> this issue in the future. <br /> ➢ Expenditures (including a transfer to the Sewer Replacement Fund <br /> of $1.2 million) were approximately $289,000 more than the <br /> Amended Budget. This was mainly due to an average 12% <br /> increase in the DSRSD regional sewer rates effective January 1, <br /> 2011. <br /> ➢ Sewer revenues of $11.190 million were approximately $631,000 <br /> less than forecasted due to staff overestimating budgeted revenues <br /> in 2010-11 FY. As indicated above staff has corrected this in the <br /> 2011-12FY budget. <br /> CALLIPPE PRESERVE GOLF COURSE OPERATING FUNDS <br /> The Callippe Preserve Golf Course operating funds had a total fund balance of <br /> $1,191,121 as of June 30, 2011 as shown below in Table 7. <br /> Page 6 of 10 <br />