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in the 2008/09FY. The surplus had built up over the <br /> past three fiscal years and totaled $491,249. $432,467 <br /> o A portion of the Happy Valley Specific Plan Fees <br /> received to date were for the repayment of <br /> infrastructure loans made by the General Fund to the <br /> Golf Course. $520,539 <br /> • Transfers Out <br /> o Reduction in the Para Transit Subsidy due to grant <br /> amounts being greater than budgeted. $11,773 <br /> o Reduction in the amount of the Senior and Low Income <br /> Water and Sewer Discounts paid for by the General <br /> Fund. $9,000 <br /> General Fund Reserves <br /> Table 5 presents the proposed changes to the General Fund Reserves. As shown in <br /> Table 5 the overall reserves of $25.3 million are proposed to remain at the same level <br /> overall. The recommended change is due to maintaining the Reserve for Economic <br /> Uncertainties at 10% of revenues in the General Fund. <br /> Table 5. General Fund — Fund Balance Reserve Designations <br /> Year-End <br /> Recommended <br /> General Fund-Fund Balance Amended Budget Ending Fund <br /> Reserve Designations Budget Adjustments Balance <br /> 10% Reserve for Economic <br /> Uncertainties 9,000,000 (18,289) 8,981,711 <br /> Unassigned Fund Balance 3,284,533 18,289 3,302,822 <br /> Reserve for Golf Debt Service 2,000,000 - 2,000,000 <br /> Temporary Recession Reserve 11,048,000 11,048,000 <br /> Total 25,332,533 - 25,332,533 <br /> ENTERPRISE FUNDS <br /> The City currently has six Enterprise Funds as follows: <br /> • Water O&M Fund <br /> • Sewer O&M Fund <br /> • Callippe Preserve Golf Course Fund <br /> • Storm Drain Fund <br /> • Para Transit Fund <br /> • Cemetery Fund <br /> Only the Operations & Maintenance (O&M) and Debt Service portions of these <br /> enterprises are reflected in the Operating Budget. Capital improvements and <br /> replacements for the Water, Sewer and Storm Drain funds are accounted for in the <br /> Page 5 of 11 <br />