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15 City of Pleasanton Mid-Term Budget Update • FY 2022/23
<br />Sewer Fund
<br />Sewer Fund revenues are projected to decrease by $885,000 due to expected impact of lower water
<br />consumption. This is partially offset by reducing budgeted transfer to CIP by $320,000 and a reduced
<br />payment of $500,000 made to Dublin San Ramon Services District (DSRSD). All other expenses are
<br />expected to increase by approximately $772,000. This increase consists of:
<br /> • $500,000 increase for Sewer Building remodel
<br /> • $175,000 increase for equipment procurement including a Bobcat Loader and Portable Generator
<br /> • $70,000 increase in existing maintenance contracts due to CPI increases
<br /> • $27,000 aggregate increase in various lines expenses including: training, memberships, and parts
<br /> purchased
<br />The ending fund balance is expected to be $5.2 million which represents 31 percent of the operating
<br />expenses. The City’s policy requires reserves equal to a minimum of 30 percent of operating expenses, a
<br />maximum of 40 percent of operating expenses and a target of 35 percent of operating expenses.
<br />Table 9 summarizes the Sewer Operations and Maintenance Fund for the two prior fiscal years ending
<br />June 30th and presents FY 2022/23 Mid-Term Budget.
<br />Table 9Table 9
<br />Sewer Operations and Maintenance (O&M)Sewer Operations and Maintenance (O&M)
<br />FY 2022/23
<br />Sewer (O&M)
<br />FY 2020/21
<br />Actual
<br />FY 2021/22
<br />Mid-Year
<br />Original
<br />Budget
<br />Recommended
<br />Adjustments
<br />Mid-Term
<br />Budget
<br />Beginning Balance, July 1 $9,028,132 $8,860,195 $7,082,447 - $7,082,447
<br />Revenues 15,899,898 15,527,500 16,737,500 ($885,000)15,852,500
<br />Net Transfers (1,967,192)(1,069,953)(1,015,277) 320,000 (695,277)
<br />Expenses
<br />DSRSD - (10,250,000)(11,150,000) 500,000 (10,650,000)
<br />All other expenses (14,100,643)(5,985,295)(5,593,350) (771,862)(6,365,212)
<br />Total Expenses (14,100,643)(16,235,295)(16,743,350) (271,862)(17,015,212)
<br />Net Income ($167,937)($1,777,748)($1,021,127) (836,862)($1,857,989)
<br />Ending Balance, June 30 $8,860,195 $7,082,447 $6,061,320 -$5,224,458
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