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El El ! DE Quarterly Financial Report pLEASANT()N. Operating Budget First Quarter 2012/13FY As of September 30, 2012 Enterprise Funds Water Operating Fund The Water Operating Fund is at 24.2% of budgeted revenues collected and 14.1% of expenses. Revenues from a portion of the first two months of the 2012/13FY are accrued back to the prior fiscal year (2011/12FY) given the City bills utilities in arrears. This causes revenues to be less than they otherwise would be in a three month period. However, the first quarter activity includes the highest water consumption months, thereby offsetting the impact of accruing some water activity back to the prior year. Staff will be looking at these projections more closely in the coming months and any changes to revenues and/or expenditures will be made at the Midyear Budget Review in March 2013. Table 5 does not reflect Transfers In/Out given that these transactions are posted at the end of the fiscal year. Table 5. Water Operating Fund Water Operating Fund Budget YTD Actual Revenues Water Revenue 20,245,000 4,896,693 24.2% Other 516,193 10,988 2.1% Total Revenue 20,761,193 4,907,681 23.6% Oper& Maint Exp Personnel 2,919,996 651,819 22.3% Zone 7 Payments 12,668,815 1,696,697 13.4% Other 3,304,561 324,335 9.8% Total Expenses 18,893,372 2,672,851 14.1% Sewer Operating Fund The Sewer Operating Fund is at 17.6% of budgeted revenues and 11.5°k of expenses. Revenues from a portion of the first two months of the 2012/13FY are accrued back into the prior fiscal year (2011/12FY) given the City bills utilities in arrears. Also, there is a lag between the time when revenues are received and when payment is made to DSRSD for regional sewer treatment fees. Any changes to revenues and/or expenditures will be made at the Midyear Budget Review in March 2013. Table 6 does not reflect Transfers In/Out given that these transactions are posted at the end of the fiscal year. • Good. Positive Indicator Caution. Unsettled Indicator a Problem. Negative Indicator