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million staff is proposing in the report be allocated to CIP reserves and the $500,000 staff is proposing to be allocated to Repair and Replacement Fund reserves. Staff is proposing to allocate the balance of$2.4 million to Unassigned Fund Balance. Table 5. General Fund — Fund Balance Reserve Designations Year-End Recommended General Fund-Fund Balance Amended Budget Ending Fund Reserve Designations Budget Adjustments Balance 10% Reser a for Economic Uncertainties $10,037,000 $374,000 $10,411,000 Committed Fund Balance (CIP and R&R Fund Reserves) 2,908,218 2,908,218 Unassigned Fund Balance 4,830,581 2,426,211 7,256,792 Total $14,867,581 $5,708,429 $20,576,010 ENTERPRISE FUNDS The City currently has seven Enterprise Funds as follows: • Water O&M Fund • Sewer O&M Fund • Callippe Preserve Golf Course Fund • Storm Drain Fund • ParaTransit Fund • Cemetery Fund • Electrical Vehicle Charging Stations Fund The Operating Budget only includes the Operations & Maintenance (O&M) and Debt Service expenses of these enterprises. Capital improvements and replacements for the Water, Sewer and Storm Drain funds are accounted for in the Capital Improvement Program (CIP). The financial results of the CIP are being presented to the Council in a separate report in November 2015. WATER AND SEWER OPERATING FUNDS Water Operations and Maintenance (O&M) Fund The Water Operating Fund ended FY 2014/15 with a positive operating balance of $656,311 as shown in Table 6. The majority of the variance is due to a reduction in water revenues of $2.2 million that was offset by a larger reduction in water purchases from Zone 7 and other operating expenditures of $2.5 million, a reduction in transfer-out to other funds of $302,602, and a reduction in other expenses of approximately $270,000. As a result of this, the ending fund balance has increased to approximately $8 million. The adopted water rate increase effective September 1, 2010 was designed to maintain the Water Operating Fund in a balanced operating position with a minimum fund balance of $6.5 million. Thus, operations are continuing to improve such that the minimum fund balance has been exceeded. City Council reviewed and approved rate increases in October 2015 as required by Proposition 218 that states all fees and charges with a CPI adjustment must to be reviewed every five years. Table 6. Water O&M and Debt Service Funds —Amended Budget vs. Actual Page 6 of 11