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IV. SUMMARY OF 2005-06/2006-07 OPERATING BUDGET
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<br /> A. OVERVIEW
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<br /> 1. Total Revenue: All Operating Budget Funds
<br />
<br /> Total annual operating revenue for all Funds for fiscal year 2005-06 is estimated to be
<br /> $170.3 million or 6.4% more than the fiscal year 2004-05 projection of
<br /> $160.0 million. For 2006-07, the projection is $185.5 million, or 8.9% higher than
<br /> the 2005-06 projection. However, if we exclude the Internal Service Funds and the
<br /> LPFD Fund from the table below, the total projected revenue increase in 2005-06
<br /> over 2004-05 is $4.1 million or 3.7%, and the total projected revenue increase in
<br /> 2006-07 over 2005-06 is $8.0 million or 6.9%.
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<br /> The summary by Fund type is provided below:
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<br /> REVENUE BY FUND TYPE
<br />
<br /> 2004-05 2005-06 2006-07
<br /> General Fund $78,220,336 $81,919,570 $89,192,776
<br /> Enterprise Funds 28,782,274 29,346,258 29,987,056
<br /> Internal Service Funds 25,551,127 29,898,141 35,743,084
<br /> Special Revenue Funds 27,400,511 29,096,430 30,534,663
<br /> Other Funds 14,000 8,000 8,000
<br /> TOTAL REVENUES $159,968,248 $170,268,399 $185,465,579
<br />
<br /> It should be noted that, in the revenue graphs displayed in the Summary Section of
<br /> the Budget, the Internal Service Funds and LPFD Fund revenues are excluded
<br /> because they distort the comparisons. This is the result of reporting, what is in
<br /> essence, duplicate revenue. For example, the General Fund receives taxes, fees and
<br /> other revenues. From these revenues it funds operating costs, including "internal"
<br /> charges or "accruals". These internal charges then result in revenue being credited to
<br /> the Internal Service Funds. Thus the revenue is not new, additional revenue, but only
<br /> internal revenue. Therefore, internal revenues need to be taken out when
<br /> comparisons of revenue are made from year to year.
<br /> Similarly, Livermore and Pleasanton fund the LPFD Fund. This funding shows as
<br /> "revenue" in the budget. However, the source of Pleasanton's share is still the taxes,
<br /> fees and other revenues already accounted for. The revenue in the LPFD Fund from
<br /> Livermore offsets its share of the expenditures, so there is a net zero effect on
<br /> Pleasanton's budget, if both revenue and expenditure are netted out. Therefore, the
<br /> LPFD revenue also has been taken out when doing comparisons.
<br /> A detailed discussion of the City's major revenues and the methods used for
<br /> forecasting them for 2005-06 and 2006-07 is contained in Appendix D.
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<br /> b-8
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