|
Table 8. Sewer O&M Funds - Amended Budget vs. Actual
<br /> FY 2021/22
<br /> Sewer(O&M) Amended Actual Variance Variance %
<br /> Beginning Balance, July 1 8,995,185 $8,995,185 $0 0.0%
<br /> Revenues 15,527,500 16,071,498 543,998 3.5%
<br /> Net Transfers (1,069,953) (447,036) 622,917 -58.2%
<br /> Expenses
<br /> DSRSD (10,250,000) (10,980,118) (730,118) 7.1%
<br /> All other expenses (6,585,295) (4,397,330) 2,187,965 -33.2%
<br /> Total Expenses (16,835,295) (15,377,448) 1,457,847 -8.7%
<br /> Net Income ($2,377,748) $247,014 $2,624,762 -110.4%
<br /> Ending Balance, June 30 $6,617,437 $9,242,199 $2,624,762 39.7%
<br /> Callippe Preserve Golf Course Operating Fund
<br /> The Callippe Preserve Golf Course operating fund ended the year with an operating
<br /> surplus of$1.7 million, as shown below in Table 9. The golf course loan from the
<br /> General Fund, originally $10.0 million, has a remaining balance of approximately $5.4
<br /> million. Staff will present recommendations that include transferring some of the surplus
<br /> in the Golf Course Operating Fund to the General Fund to pay down the loan as part of
<br /> the FY 2022/23 midyear budget review process.
<br /> The highlights of the golf course operations in FY 2021/22 are:
<br /> • 79,752 rounds of golf were played in FY 2021/22, up from 76,005 rounds
<br /> played in FY 2020/21.
<br /> • Operating revenues were greater than budgeted by $1.4 million as a result
<br /> of green fees and other sales fees exceeding estimates by 18.6 percent
<br /> and 45.4 percent, respectively.
<br /> • Expenses were greater than budgeted by about $0.1 million due to
<br /> increased golf operating expenses and additional incentive management
<br /> fee associated with increased golf rounds.
<br /> Table 9. Callippe Preserve Golf Course Operating Fund —Amended Budget vs. Actual
<br /> FY 2021/22
<br /> Golf Operations Amended Actual Variance Variance %
<br /> Beginning Balance, July 1 $142,285 $142,285 $0 0.0%
<br /> Revenues 4,564,892 5,979,366 1,414,474 31.0%
<br /> Expenses (3,994,773) (4,073,996) (79,223) 2.0%
<br /> Net 570,119 1,905,370 1,335,251 234.2%
<br /> Transfer Out -
<br /> Golf Replacement (208,094) (176,314) 31,780 -15.3%
<br /> General Fund Loan Repayment (31,780) (31,780) 0.0%
<br /> Net Income $362,025 $1,697.276 $1,335,251 368.8%
<br /> Ending Balance, June 30 $504,310 $1,839,562 $1,335,251 264.8%
<br /> Page 9 of 13
<br />
|