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Q: Does the sentence “An increase of $77,000 in the Golf Operating Fund to account for additional Water Costs is recommended” presume an increase in expenses? Why is there no discussion as to updated projected balance? A: Yes, that is correct; it is an increase in water expenses due to rate adjustments. The report focuses on select enterprise operations; there is adequate fund balance to cover this cost increase. Q: Please explain the Capital Outlay adjustment (shown in Table 3). Way was 2023 high ($1.8M) and 2024 low ($719k, then adjusted to $746k). And what work was done? A: FY 2023 actuals are high at $1.8M due to new GASB 96 requirements related to Subscription Based Information Technology Arrangements (SBITAs) that local governments are now required to report. These costs are primarily estimated based on eligible IT/software subscription costs and duration. There are corresponding revenue offsets, so there is essentially no fiscal impact. Staff will add similar adjustments as part of the year-end reconciliation. Q: Was the Council Chamber renovation increased in expenses by $475,000 offset by a grant? If we’re only increasing the special fund’s expenses, are the special funds revenues increased by the grant? Where/how is that accounted for? A: This project is funded out of the Community Access Television Fund. Revenues for this fund come from the City’s collection of 1% of gross revenues from cable operators in the city to support Public, Educational and Governmental (PEG) channel facilities. There is a sufficient balance in the fund account to cover the $475,000 in expenses. Q: Regarding Hacienda Business Park Owners Association, the agenda report mentions the maintenance and repair costs increasing by $150,000 by Vista Universal in Hacienda. What are they doing, and what is driving these expenses? A: The City has an agreement with Vista Universal to maintain and repair the City’s portion of streetlights, parking lot lights, and parks pathway lights in the Hacienda business park area. During staff’s review of the FY 2023/24 budget, it weas determined that funds were not budgeted; based on prior year actuals and current year-to-date actuals, staff recommended budgeting $150,000 for the current fiscal year. Q: The Repair and Replacement table (on page 7) contains Electric Leaf Blowers ($90,000) and then the next line contains Storage for Charging Stations ($100,000), is this meaning the gas- powered leaf blower ordinance estimated costs of $180,000 per the staff report that went to Council are now over budget by $10,000? A: Yes, c ost estimates were based on the information available at the time of the initial agenda report and are still being refined, which is reflected in the chart in this mid-year report.