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Table 12
<br /> Sewer Operations and Maintenance (O&M)
<br /> Actual Midyear Original Recommended Md-Term
<br /> Sewer(OW) 2010/11FY 2011/12FY 2012/13FY Adjustments 2012/13FY
<br /> Beginning Balance,July 1 $3,118,672 $3,470,380 $3,749,893 $3,749,893
<br /> Revenues $11,190,431 $11,967,968 $11,490,480 $1,256,417 $12,746,897
<br /> Expenses
<br /> DSRSD 7,568,379 8,200,000 7,300,000 1,300,000 8,600,000
<br /> All other expenses 3,270,344 3,488,455 3,701,635 (63,655) 3,637,980
<br /> Total Expenses 10,838,723 11,688,455 11,001,635 1,236,345 12,237,980
<br /> Net Income $351,708 $279,513 $488,845 $20,072 $508,917
<br /> Ending Balance,June 30 $3,470,380 $3,749,893 $4,238,738 $4,258,810
<br /> Golf Fund
<br /> Golf revenues from green fees are projected to decrease based on 62,000 rounds of play for
<br /> 2012/13FY. The Original Budget was based on 65,000 rounds. Net income from golf
<br /> operations will be subsidized with a transfer from the General Fund of $1,320,000 in
<br /> 2012/13FY to pay for the annual debt service on the golf course of approximately $1.6M. This
<br /> is an increase of $270,000 over the Original Budget projection of $1,050,000. Table 13
<br /> summarizes the Golf Fund for the three years ending 2012/13FY.
<br /> Table 13
<br /> Golf Course Operating Fund
<br /> Actual Mdyear Original Recommended Md-Term
<br /> Golf Operations 2010/11FY 2011/12FY 2012/13FY Adjustments 2012/13FY
<br /> Beginning Balance,July 1 $1,201,103 $1,191,121 $1,187,568 $1,187,568
<br /> Revenues 3,871,125 4,057,500 4,380,000 (247,745) 4,132,255
<br /> Expenses 3,492,979 3,718,693 3,824,690 (44,334) 3,780,356
<br /> Net 378,146 338,807 555,310 (203,411) 351,899
<br /> Transfer In-
<br /> Subsidy from General Fund 1,320,000 1,330,000 1,050,000 270,000 1,320,000
<br /> Net 1,698,146 1,668,807 1,605,310 66,589 1,671,899
<br /> Transfer Out-
<br /> Golf Replacement 115,768 80,000 80,000 80,000
<br /> Debt Service Payment 1,592,360 1,592,360 1,592,360 (2,961) 1,589,399
<br /> Net Income ($9,982) ($3,553) $12,950 ($10,450) $2,500
<br /> Ending Balance,June 30 $1,191,121 $1,187,568 $1,200,518 $1,190,068
<br /> The City has $2.0M reserved in the General Fund for Golf Course Debt Service which, when
<br /> combined with the $1.2M fund balance in the Golf Operations Funds, constitutes an amount
<br /> sufficient to pay two years of debt service equal to approximately $3.2M.
<br /> Cemetery Fund
<br /> Since taking ownership of the Pleasanton Pioneer Cemetery in 2007, the City has completed
<br /> several one-time improvements. 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 2012/13FY, the Cemetery Fund assumes the facility will
<br /> continue to be maintained at a "pioneer" standard. The General Fund provides a $30,000
<br /> annual subsidy to the fund for maintenance of the facility.
<br /> 9
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