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At FY 2021/22 year-end, staff will propose an allocation of actual fund balance to repay
<br /> the General Fund loan.
<br /> Table 7. Golf Fund Overview
<br /> FY 2020/21 FY 2021/22
<br /> Golf Operations Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $0 $136,375 $136,375
<br /> Re\,eenues 4,539,808 4,164,886 $400,006 4,564,892
<br /> Expenses (3,603,433) (3,802,773) (192,000) (3,994,773)
<br /> Net 936,375 362,113 208,006 570,119
<br /> Transfer Out -
<br /> Golf Replacement (300,000) (208,094) - (208,094)
<br /> General Fund Loan Repaymt (500,000) -Net Income $136,375 $154,019 $208,006 $362,025
<br /> Ending Balance, June 30 $136,375 $290,394 $498,400
<br /> Cemetery Fund - As shown in Table 8 below, recommended changes to the Cemetery
<br /> Fund include increased expenses of $3,076 in contractual services as a result of
<br /> increased contractual services for burials and landscape maintenance services and
<br /> $25,000 increased revenues from increased burial purchases.
<br /> Table 8. Cemetery Fund Overview
<br /> FY 2020/21 FY 2021/22
<br /> Cemetery Operations Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $677,444 $708,374 $708,374
<br /> Re\enues 238,642 295,500 $25,000 320,500
<br /> Expenses (257,713) (354,656) (3,076) (357,732)
<br /> Net (19,070) (59,156) 21,924 (37,232)
<br /> Transfer In -
<br /> General Fund subsidy 50,000 50,000 - 50,000
<br /> Net Income $30,930 ($9,156) $21,924 $12,768
<br /> Ending Balance, June 30 $708,374 $699,218 $721,142
<br /> Repair and Replacement Funds
<br /> As shown in Table 9, there is a net decrease of $135,000 in the City's Repair and
<br /> Replacement funds' revenues to reflect lower investment earnings. There is a net
<br /> increase in the expenditure budget of $656,489 as follows:
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