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General Fund Reserves
<br /> The General Fund reserves are projected to remain at their current level of $25.3M. The slight
<br /> recommended change in allocation of the General Fund Reserves due to maintaining the 10%
<br /> Reserve for Economic Uncertainties equal to 10% of the 2012/13FY projected revenues are
<br /> shown in Table 10:
<br /> Table 10
<br /> Changes to Reserves in 2012/13FY
<br /> General Fund Recommended 2012/13FY
<br /> Fund Balance Balances as of 2012/13FY Avid-Term
<br /> Reserve Designations June 30, 2012 Adjustments Budget
<br /> 10% Reserve for Economic Uncertainties $9,000,000 ($30,000) $8,970,000
<br /> Undesignated Reserve 3,162,533 30,000 3,192,533
<br /> Reserve for Golf Debt Service 2,000,000 0 2,000,000
<br /> Ten'porary Recession Reserve 11,170,000 0 11,170,000
<br /> TOTAL $25,332,533 $0 $25,332,533
<br /> Enterprise Funds
<br /> Water Fund
<br /> Revenues are projected to decrease slightly ($235,704) in 2012/13FY from the 2012/13FY
<br /> original estimates due to a decrease in interest earnings; expenses are projected to increase
<br /> slightly ($81,885) over the 2012/13FY original projections due to increases in field supplies and
<br /> the establishment of a part-time Management Analyst position in the Water Conservation
<br /> Program. Table 11 summarizes the Water Operations and Maintenance Fund for the three
<br /> years ending 2012/13FY.
<br /> Table 11
<br /> Water Operations and Maintenance (O&My
<br /> Actual fvMdyear Original Recommended Auld-Term
<br /> Water(O&M) 2010/11FY 2011/12FY 2012/13FY Adjustments 2012/13FY
<br /> Beginning Balance,July 1 $7,246,459 $6,285,919 $6,615,094 $6,615,094
<br /> Revenues $17,160,842 $20,021,339 $20,995,897 ($234,704) $20,761,193
<br /> Expenses
<br /> Zone 7 Purchased Water 11,360,681 12,685,120 13,500,000 0 13,500,000
<br /> All other expenses 6,760,701 7,007,044 6,791,487 81,885 6,873,372
<br /> Total Expenses 18,121,382 19,692,164 20,291,487 81,885 20,373,372
<br /> Net Income ($960,540) $329,175 $704,410 ($316,589) $387,821
<br /> Ending Balance,June 30 $6,285,919 $6,615,094 $7,319,504 _ $7,002,915
<br /> Sewer Fund
<br /> Revenues are projected to increase approximately $1.3M offset by an equal increase in
<br /> payments to DSRSD for the regional sewer fees. Other revenues are decreasing slightly due
<br /> to a decrease in interest earnings. Table 12 summarizes the Sewer Operations and
<br /> Maintenance Fund for the three years ending 2012/13FY.
<br /> 8
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