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Table 5. Water Operations and Maintenance Fund Overview
<br /> FY 2019/20 FY 2020/21
<br /> Water/Recycled Water(O&M) Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $13,753,773 $13,291,358 $13,291,358
<br /> Revenues 30,104,916 31,747,241 $0 31,747,241
<br /> Net Transfers (4,638,203) (4,447,146) - (4,447,146)
<br /> Expenses
<br /> Zone 7 Purchased Water 14,040,043 17,500,000 - 17,500,000
<br /> All other expenses 11,889,085 11,672,677 (5,674) 11,667,003
<br /> Total Expenses 25,929,128 29,172,677 (5,674) 29,167,003
<br /> Net Income ($462,415) ($1,872,582) $5,674 ($1,866,908)
<br /> Ending Balance, June 30 $13,291,358 $11,418,775 $11,424,450
<br /> Sewer Operations and Maintenance Fund —As shown in Table 6 below,
<br /> recommended changes to the Sewer Operations and Maintenance Fund include an
<br /> increase of $40,535 in Personnel expenses related to staff overtime from the Sewer
<br /> related emergency repairs and various personnel benefit changes. The result of this
<br /> adjustment is a decrease of the net income of$40,535 and an estimated ending fund
<br /> balance of$8.9 million which equals 58 percent of operating expenses. The City's policy
<br /> requires reserves equal to a minimum of 30 percent, a maximum of 40 percent and a
<br /> target of 35 percent.
<br /> Table 6. Sewer Operations and Maintenance Fund Overview
<br /> FY 2019/20 FY 2020/21
<br /> Sewer(O&M) Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $7,471,734 $9,028,134 $9,028,134
<br /> Revenues 15,402,882 15,897,500 $0 15,897,500
<br /> Net Transfers (368,877) (856,000) - (856,000)
<br /> Expenses
<br /> DSRSD 10,147,647 10,500,000 - 10,500,000
<br /> All other expenses 3,329,958 4,668,903 40,535 4,709,438
<br /> Total Expenses 13,477,605 15,168,903 40,535 15,209,438
<br /> Net Income $1,556,400 ($127,403) ($40,535) ($167,938)
<br /> Ending Balance, June 30 $9,028,134 $8,900,731 $8,860,196
<br /> Golf Fund —As shown in Table 7 below, revenues are expected to decrease by a total
<br /> of $260,000, which is a combination of increased revenues of $200,000 from increased
<br /> golf rounds (from 52,750 to 55,593 rounds) and decreased revenues of $460,000 from
<br /> reduced special events and restaurant sales due to the COVID related restrictions. The
<br /> expenditure budget is reduced by $272,000 due to savings in personnel costs. Net
<br /> income and the ending fund balance are both zero.
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