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Operating and Capital Transfers
<br /> Operating transfers to the General Fund include a transfer from the Retiree Medical Fund
<br /> ($1,006,000 in FY 2019/20 and $1,050,000 in FY 2020/21) to return the implied subsidy paid by the
<br /> General Fund on retirees' medical premiums and a transfer from the Golf Course Fund ($12,004 in
<br /> FY 2019/20 and $31,780 in FY 2020/21) equal to estimated net revenues to repay the General Fund
<br /> loan originally established to help pay for the Happy Valley infrastructure that was required for the
<br /> Callippe Golf Course.
<br /> Operating transfers from the General Fund include operating subsidies to the Transit Fund, Storm
<br /> Drain Fund,and Cemetery Fund.There are also transfers from the General Fund to the Water and
<br /> Sewer Funds to fund the senior and low income water and sewer discounts. Under Proposition
<br /> 218,one classification of water customers cannot subsidize another; therefore, if a City desires to
<br /> provide senior and low income discounts to its customers the discounts must be funded through
<br /> the General Fund. Finally,there is a transfer from the General Fund to the Capital Improvement Fund
<br /> to fund the City's Capital Improvement Program (CIP).The General Fund transfer to the Capital
<br /> Improvement Fund is $5.2 million in FY 2019/20 and $5 million in FY 2020/21 to address capital
<br /> project funding requirements.
<br /> Actual Mid-Year Projected Projected
<br /> Operating Transfers FY 2017/18 FY 2018/19 FY 2019/20 2020/21
<br /> OPERATING TRANSFERS IN - From:
<br /> Urban Forestry Fund(1/2 of Landscape $19,000 $20,000 $25,000 $25,000
<br /> Architecture Assistant)
<br /> Retiree Medical Fund(Implied Subsidy) 695,000 735,000 1,006,000 1,050,000
<br /> Happy Valley Infrastructure Loan Repayment
<br /> 79,743 88,166 12,004 31,780
<br /> from Golf
<br /> Developer Reimbursements 13,594 - - -
<br /> OPERATING TRANSFERS OUT- To:
<br /> CIPR (7,470,667) (7,969,047) (5,200,000) (5,000,000)
<br /> Senior&Low Income Water&Sewer Discounts
<br /> Water Fund (263,165) (244,000) (250,000) (250,000)
<br /> Sewer Fund (94,829) (106,000) (108,000) (110,000)
<br /> Transit Fund(Subsidy) (358,977) (387,238) (209,731) (216,717)
<br /> Storm Drain Fund(Subsidy) (330,000) (330,000) (130,000) (330,000)
<br /> Cemetery Fund(Subsidy) (45,000) (45,000) (50,000) (50,000)
<br /> Repayment to Retiree Med Fund for Golf Debt (695,000) (735,000) (1,006,000) (1,050,000)
<br /> LED CEC Loan Repayment (190,628) (190,628) (190,628) (190,628)
<br /> Prefund Pension Liability to Trust (721,177) - -
<br /> Total ($8,640,929) ($9,884,924) ($6,101,355) ($6,090,565)
<br /> 35 City of Pleasanton Operating Budget • FY 2019/20 - FY 2020/21
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