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City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/2535
<br />General Fund Reserves
<br />The changes to General Fund Reserves are shown in Table 8 for the proposed two-year budget.
<br />The projected FY 2023/24 unrestricted ending fund balance of $29.1 million is approximately 19.7
<br />percent of operating expenses in FY 2023/24, close to 20.0 percent recommended target level
<br />set by the City’s new, proposed reserve policy. The FY 2024/25 number of $29.3 million represents
<br />approximately 19.3 percent of operating expenditures.
<br />Operating Transfers Actual
<br />FY 2021/22
<br />Modified
<br />FY 2022/23
<br />Proposed
<br />FY 2023/24
<br />Proposed
<br />FY 2024/25
<br />OPERATING TRANSFERS IN - From:
<br />Urban Forestry Fund (1/2 of Landscape
<br />Architect Assistant)$25,000 $25,000 $25,000 $25,000
<br />Retiree Medical Fund (Implied Subsidy) 826,000 900,000 837,000 865,000
<br />Happy Valley Infrastructure Loan
<br />Repayment from Golf 48,055 531,780 531,780 531,780
<br />Rainy Day Fund - 3,512,760 2,000,000 2,000,000
<br />Business Loan Repayment 442 - 350,000 350,000
<br />OPERATING TRANSFERS OUT - To:
<br />CIP & CIPR ($8,812,549)($7,714,516)($2,000,000)($2,000,000)
<br />Senior & Low Income Water & Sewer Discounts
<br />Water Fund (271,481) (250,000) (250,000) (250,000)
<br />Sewer Fund (103,964) (110,000) (110,000) (110,000)
<br />Transit Fund (Subsidy) - (267,881) (50,000) (50,000)
<br />Storm Drain Fund (Subsidy) (625,000) (625,000) (625,000) (625,000)
<br />Cemetery Fund (Subsidy) (50,000) (50,000) (50,000) (50,000)
<br />Repayment to Retiree Med Fund for Golf Debt (893,000) (900,000) - -
<br />LED CEC Loan Repayment (190,628) (190,628) (190,628) (190,628)
<br />Rainy Day Fund (2,734,757) - - -
<br />Street Developer Fund (72) - - -
<br />NET OPERATING TRANSFERS ($12,781,954)($5,138,485)$468,152 $496,152
<br />Table 7: List of General Fund Transfers
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