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Table 7. Golf Fund Overview
<br /> FY 2019/20 FY 2020/21
<br /> Golf Operations Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $0 ($0) ($0)
<br /> Revenues 3,234,187 4,178,466 ($260,000) 3,918,466
<br /> Expenses 3,225,602 3,934,913 (272,000) 3,662,913
<br /> Net 8,585 243,553 12,000 255,553
<br /> Transfer Out -
<br /> Golf Replacement (8,585) (208,773) (15,000) (223,773)
<br /> General Fund Loan Repaymt (31,780) - (31,780)
<br /> Net Income ($0) $3,000 ($3,000) $0
<br /> Ending Balance, June 30 ($0) $3,000 ($0)
<br /> Cemetery Fund —As shown in Table 8 below, recommended changes to the Cemetery
<br /> Fund include decreased expenses of$15,369 in contractual services as a result of
<br /> decreased contractual services for burials and landscape maintenance services.
<br /> Table 8. Cemetery Fund Overview
<br /> FY 2019/20 FY 2020/21
<br /> Adjusted Mid-Year
<br /> Cemetery Operations Actual Budget Adjustments Budget
<br /> Beginning Balance, July 1 $141,128 $177,444 $177,444
<br /> Revenues 223,857 243,500 $0 243,500
<br /> Expenses 237,541 254,662 (15,369) 239,293
<br /> Net (13,684) (11,162) 15,369 4,207
<br /> Transfer In -
<br /> General Fund subsidy 50,000 50,000 - 50,000
<br /> Net Income $36,316 $38,838 $15,369 $54,207
<br /> Ending Balance, June 30 $177,444 $216,282 $231,651
<br /> Internal Services Funds
<br /> As shown in Table 9, there is a net decrease of $985,000 in the City's internal services
<br /> funds revenues, which includes the reduction in the General Fund total allocation of $1
<br /> million. There is also an increase transfer-out to the CIP fund to help cover Repair and
<br /> Replacement funded project expenses.
<br /> Table 9. Internal Services Funds
<br /> FY 2019/20 FY 2020/21
<br /> Internal Service Funds Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $49,179,589 $46,445,905 $46,445,905
<br /> Revenues 13,594,510 11,077,234 (1,000,000) 10,077,234
<br /> Expenses 13,898,023 16,844,232 - 16,844,232
<br /> Net (303,513) (5,766,998) (1,000,000) (6,766,998)
<br /> Transfer In/Out (2,430,171) (2,366,363) 15,000 (2,351,363)
<br /> Net Income ($2,733,684) ($8,133,361) ($985,000) ($9,118,361)
<br /> Ending Balance, June 30 $46,445,905 $38,312,545 $37,327,545
<br /> Page 7 of 8
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