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Sewer Fund
<br /> Sewer revenues are expected to increase by 2.7 percent in FY 2021/22 and increase by 2.5 percent in
<br /> FY 2022/23 reflecting the annual Consumer Price Index (CPI) increase in local city sewer fees,all of
<br /> which are regional sewer fees charged by DSRSD.
<br /> Expenses in the Sewer Fund are increasing by$1.1 million or 7.5 percent in FY 2021/22 and 2.4 percent
<br /> in FY 2022/23.The increase in FY 2021/22 is primarily related to$300,000 increase in DSRSD charges,
<br /> increase wages and benefits,and various non-labor increases the largest of which is $145,000 in
<br /> professional services for cyber security,a sewer audit,and the rate study.
<br /> Expenses in the Sewer Fund are increasing by $386,000 in FY 2022/23 primarily for DSRSD charges.
<br /> The FY 2021/22 ending fund balance of $7.8 million equals 47 percent of operating expenses.
<br /> The City's reserve policy is to maintain reserves equal to a minimum of 30 percent of operating
<br /> expenses,a target of 35 percent and a maximum of 40 percent.
<br /> The following table summarizes the Sewer Operations and Maintenance Fund for the four years
<br /> ending FY 2022/23.
<br /> Sewer(O&M) Actual Adjusted Projected Projected
<br /> 2019/20 2020/21 2021/22 2022/23
<br /> Beginning Balance,July 1 $7,471,734 $9,028,134 $8,860,196 $7,760,319
<br /> Revenues 15,402,882 15,897,500 16,327,500 16,737,500
<br /> Net Transfers (368,877) (856,000) (1,069,953) (1,015,277)
<br /> Expenses
<br /> DSRSD 10,147,647 10,500,000 10,800,000 11,150,000
<br /> All other expenses 3,329,958 4,709,438 5,557,425 5,593,350
<br /> Total Expenses 13,477,605 15,209,438 16,357,425 16,743,350
<br /> Net Income $1,556,400 ($167,938) ($1,099,878) ($1,021,127)
<br /> Ending Balance,June 30 $9,028,134 $8,860,196 $7,760,319 $6,739,192
<br /> City of Pleasanton Operating Budget • FY 2021/22 - FY 2022/23 40
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