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Table 7. Sewer O&M Funds — Amended Budget vs. Actual
<br /> FY 2019/20 FY 2019/20
<br /> Sewer(0&M) Revised Actual Variance Variance%
<br /> Beginning Balance, July 1 $7,471,734 $7,471,734 $0 0.0%
<br /> Revenues 15,507,500 15,402,882 (104,618) -0.7%
<br /> Net Transfers (359,000) (368,877) (9,877) 2.8%
<br /> Expenses
<br /> DSRSD (10,300,000) (10,401,183) (101,183) 1.0%
<br /> All other expenses (4,381,318) (3,076.422) 1,304,896 -29.8%
<br /> Total Expenses (14,681,318) (13,477,605) 1,203,713 -8.2%
<br /> Net Income $467,182 $1,556,400 $1,089,218 233.1%
<br /> Ending Balance,June 30 $7,938,915 $9,028,133 $1,089,218 13.7%
<br /> Callippe Preserve Golf Course Operating Fund
<br /> The Callippe Preserve Golf Course operating fund ended the year with an operating
<br /> balance of$0 as shown below in Table 8. The County's SIP order did not initially allow
<br /> golf and when it did allow golf, golf parties were limited to family members. Further, the
<br /> clubhouse was not allowed to host functions or serve meals. As a result, nothing was
<br /> transferred to the General Fund to repay the golf course loan (originally $10 million; as
<br /> of June 30, 2020 the remaining balance is $6.2 million) and to balance the budget, staff
<br /> reduced the transfers out to the Golf Replacement Fund by $192,580.
<br /> The highlights of the golf course operations in FY 2019/20 are as follows:
<br /> • 46,306 rounds of golf were played in FY 2019/20, down from 49,233
<br /> rounds played in FY 2018/19
<br /> • Operating revenues were less than budgeted by $789,110
<br /> • Expenses were $584,526 less than budgeted due to savings in personnel
<br /> costs.
<br /> Table 8. Callippe Preserve Golf Course O'aerating Fund —Amended Budget vs. Actual
<br /> FY 2019/20 FY 2019/20
<br /> Golf Operations Revised Actual Variance Variance %
<br /> Beginning Balance, July 1 $0 $0 $0 0.0%
<br /> Revenues 4,023,297 3,234,187 (789,110) -19.6%
<br /> Expenses (3,810,128) (3,225,602) 584,526 -15.3%
<br /> Net 213,169 8,585 (204,584) -96.0%
<br /> Transfer Out-
<br /> Golf Replacement (201,165) (8,585) 192,580 -95.7%
<br /> General Fund Loan Repaymt (12,004) - 12,004 -100.0%
<br /> Net Income $0 ($0) ($0) 0.0%
<br /> Ending Balance, June 30 $0 ($0) ($0) 0.0%
<br /> Cemetery Fund
<br /> As shown in Table 9 below, the Cemetery Fund ended the year with a fund balance of
<br /> $677,444 which is $48,862 more than anticipated in the Mid-year budget due to actual
<br /> revenues exceeding the budget by $33,677 and actual expenditures less than budget
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