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Transfer of Funds. Actual General Fund transfers were less than the Amended Budget
<br /> by $128,981 as shown in Table 4
<br /> Table 4. Transfers In and Transfers Out - Amended Budget vs. Actual
<br /> Amended
<br /> o °-rating QGp Budget Actual N;71riii 0'
<br /> OPERATING TRANSFERS IN - From:
<br /> Urban Forestry Fund $7,500 $7,500 $0
<br /> Retiree Medical Fund (Implied Subsidy) 681,000 681,000 -
<br /> Repayment Golf Course loan 312,475 287,046 (25,429)
<br /> Happy Valley Infrastructure Loan Repayment 68,413 68,413
<br /> OPERATING TRANSFERS OUT-To:
<br /> CIPR (4,893,218) (4,893,218) -
<br /> CIP - Street (500,000) (500,000) -
<br /> Senior & Low Income Water&Sewer Discounts
<br /> Water Fund (230,000) (221,699) 8,301
<br /> Sewer Fund (100,000) (107,105) (7,105)
<br /> Transit Fund (Subsidy) (439,160) (354,359) 84,801
<br /> Storm Drain Fund (Subsidy) (330,000) (330,000) -
<br /> Cemetery Fund (Subsidy) (30,000) (30,000) -
<br /> PERS Rate Stabilization /CERBT Trust (2,791,951) (2,791,951) -
<br /> Interfund Loan Repayment for Golf 2003 COPs (681,000) (681,000) -
<br /> LED CEC Loan Repayment (100,000) (100,000) -
<br /> lI OPERATE@ TRANSFERS 0,094,3544i 639"f MI39981
<br /> General Fund Reserves. Table 5 presents the proposed changes to the General Fund
<br /> Reserves As shown, the overall operating reserves (excluding Committed Fund
<br /> Balances of $840,000) of almost $20 million are $868,475 greater than the Amended
<br /> Budget as a result of staffs recommended allocation of the excess year-end funds
<br /> Table 5. General Fund — Fund Balance Reserve Designations
<br /> Re commegir=
<br /> @GoadI Pujjciz J o Pa J Balance Cam= Budget Ending PoRd
<br /> G GVO Designations Budget Adjustments Balance
<br /> General Fund Reserve $18,867,535 $868,475 , $19,736,010
<br /> Committed Fund Balance(CIP
<br /> and R&R Fund Reserves) 840,000 - 840,000
<br /> 4C P„ ° $868 475 M, I °„0410
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