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Enterprise Funds
<br /> Water Operations and Maintenance Fund — As shown in Table 5, recommended
<br /> changes to the Water Operations and Maintenance Fund include an increase in
<br /> revenues of $214,290 due to recognition of grants for the recycled water program and
<br /> the addition of the Castlewood service area revenues. Changes also include an
<br /> increase in expenses of $518,917 which includes personnel costs of $124,765, primarily
<br /> due to higher retiree medical contributions, and non-personnel costs of $394,152,
<br /> mostly related to the recycled water program grants (Federal and State Grants), a
<br /> higher Zone 7 cost and expenses related to the Castlewood service area. The increase
<br /> in Transfers Out is due to the accounting for the Recycled Water revenues in the Repair
<br /> and Replacement Fund
<br /> Table 5.Water Operations and Maintenance Fund Overview
<br /> 2012/13FY
<br /> 2012/13FY Midyear Budget Adjustments _ Recommended
<br /> Midterm Budget Personnel Non-Personnel Other Midyear Budget
<br /> Beginning Fund Balance $ 6,029,351 $ - $ - $ - $ 6,029,351
<br /> Plus Revenues 20,761,193 - - 214,290 20,975,483
<br /> Transfers In 220,000 - - 49,910 269,910
<br /> Transfers Out 1,700,000 - - 400,000 2,100,000
<br /> Less Expenses 18,893,372 124,765 394,152 - 19,412,289
<br /> Ending Fund Balance $ 6,417,172 $ (124,765) $ (394,152) $ (135,800) $ 5,762,455
<br /> Sewer Operations and Maintenance Fund — As shown in Table 6, recommended
<br /> changes to the Sewer Operations and Maintenance Fund include an increase in
<br /> revenues of $62,648, due to the addition of the Castlewood service area revenues, and
<br /> a net increase in expenses of $495,024 which includes an increases in personnel costs
<br /> of $47,080 and an increase of $447,944 in non-personnel costs. The increases in non-
<br /> personnel costs are primarily due to an increase in regional sewer rates which are
<br /> collected by the City and passed through to the Dublin-San Ramon Services District
<br /> (DSRSD).
<br /> Table 6. Sewer Operations and Maintenance Fund Overview
<br /> 2012/13FY
<br /> 2012/13FY Midyear Budget Adjustments Recommended
<br /> Midterm Budget Personnel Non-Personnel Other Midyear Budget
<br /> Beginning Fund Balance $ 3,823,903 $ - $ - $ - $ 3,823,903
<br /> Plus Revenues 12,746,897 - - 62,648 12,809,545
<br /> Transfers In 289,784 - - - 289,784
<br /> Transfers Out 1,379,784 - - - 1,379,784
<br /> Less Expenses 11,147,980 47,080 447,944 - 11,643,004
<br /> Ending Fund Balance $ 4,332,820 $ (47,080) $ (447,944) $ 62,648 $ 3,900,444
<br /> Golf Course Operations Fund — Other than a $3,500 increase in estimated interest
<br /> earnings, there are no recommended budget adjustments for the Golf Course
<br /> Operations Fund. Staff will continue to monitor the financial performance of the Callippe
<br /> Preserve Golf Course and bring forward for City Council approval any necessary
<br /> adjustments as part of the Year-End Financial Report.
<br /> Page 5 of 6
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