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Sewer Operations and Maintenance Fund —As shown in Table 7, recommended
<br /> changes to the Sewer Operations and Maintenance Fund include an increase in
<br /> revenues of$20,000 related to investment earnings and a decrease of $245,713 in
<br /> expenses related to attrition savings ($232,713) due to vacancies which is off-set by
<br /> increased maintenance contract expenditures of $13,000. The result of these
<br /> adjustments is an increase of the net income of $265,713 and an estimated ending fund
<br /> balance of $7.6 million.
<br /> Table 7. Sewer Operations and Maintenance Fund Overview
<br /> FY 2017/18 FY 2018/19
<br /> Sewer(O&M) Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $6,489,334 $6,846,889 $6,846,889
<br /> Revenues 14,629,984 14,909,500 $20,000 14,929,500
<br /> Net Transfers (1,085,171) (1,101,700) - (1,101,700)
<br /> Expenses
<br /> DSRSD 9,859,372 10,000,000 - 10,000,000
<br /> All other expenses 3,327,887 3,307,089 (245,713) 3,061,376
<br /> Total Expenses 13,187,259 13,307,089 (245,713) 13,061,376
<br /> Net Income $357,555 $500,711 $265,713 $766,424
<br /> Ending Balance, June 30 $6,846,889 $7,347,599 $7,613,313
<br /> Cemetery Fund —As shown in Table 8 below, recommended changes to the Cemetery
<br /> Fund include reducing revenues by $86,880 to reflect fewer plot fees than anticipated
<br /> and increased expenses of $6,363 in contractual services to reflect actual burials
<br /> through December 31 2018 exceeding the expected number of burials.
<br /> Table 8. Cemetery Fund Overview
<br /> FY 2017/18 FY 2018/19
<br /> Cemetery Operations Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $465,089 $200,081 $200,081
<br /> Revenues 290,873 213,180 (86,880) 126,300
<br /> Expenses 600,881 309,871 6,363 316,234
<br /> Net (310,008) (96,691) (93,243) (189,934)
<br /> Transfer In -
<br /> General Fund subsidy 45,000 45,000 45,000
<br /> Net Income ($265,008) ($51,691) ($93,243) ($144,934)
<br /> Ending Balance, June 30 $200,081 $148,390 $55,147
<br /> Internal Services Funds
<br /> As shown in Table 9, there is a net decrease in the City's internal services funds of
<br /> approximately $2.1 million. Of this amount, there is an additional $71,000 in revenues
<br /> related to increased investment earnings. As described below, there is also an increase
<br /> of $2,143,100 in expenses in the following internal services funds:
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