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2. Total Expenditures: All Operating Budget Funds
<br />
<br /> Recommended Operating Expenditures for all Funds for fiscal year 2005-06 total
<br /> $158.0 million, or a 1.6% increase over the fiscal year 2004-05 appropriation of
<br /> $155.5 million. Recommended expenditures for 2006-07 total $169.0 million, or a
<br /> 7.0% increase over the 2005-06 recommendation. However, if we exclude the
<br /> Internal Service Funds and the LPFD Fund from the table below, then 2005-06
<br /> expenditures reflect a decrease of $1.92 million or 1.8% compared to 2004-05, and
<br /> 2006-07 reflects an increase of $7.32 million or 6.9% compared to 2005-06.
<br />
<br /> The summary by Fund type is provided below:
<br />
<br /> EXPENDITURES BY FUND TYPE
<br />
<br /> 2004-05 2005-06 2006-07
<br /> General Fund $76,558,040 $76,839,570 $83,362,776
<br /> Enterprise Funds 24,458,401 25,185,293 26,267,243
<br /> Internal Service Funds 24,499,993 27,108,651 29,463,979
<br /> Special Revenue Funds 28,441,871 26,842,784 27,932,505
<br /> Other Funds 1,499,740 2,013,415 2,017,615
<br /> TOTAL EXPENDITURES $155,458,045 $157,989,713 $169,044,118
<br />
<br /> Similar to the discussion above about the revenue graphs, in the expenditure graphs
<br /> displayed in the Summary Section of the Budget, the Internal Service Funds and
<br /> LPFD Fund expenditures are excluded, because they distort the comparisons.
<br />
<br />3. Net Transfers-out from All Operating Budget Funds
<br />
<br /> Net transfers-out (transfers of cash between Funds) from all Operating Funds are
<br /> projected to be $8.4 million in 2005-06, and $6.9 million in 2006-07.
<br />
<br /> Interfund reimbursements and payments for overhead are reflected as "interfund
<br /> revenues" and "interfund expenditures" between Funds rather than transfers.
<br /> Therefore, the items that remain classified as transfers-out reflect movement of
<br /> resources from one Fund to another rather than payment for something specific. In
<br /> most of the cases shown below, the funds are being transferred to the CIP for either
<br /> debt service payments, capital replacement reserves (water and sewer) or capital
<br /> improvement projects (streets, facilities, parks).
<br />
<br /> In addition, and as will be discussed later (beginning on page b-21), the budget
<br /> provides for General Fund transfers to preserve the Golf General Fund Debt Service
<br /> Reserve and add a cash flow reserve component to it. This action is recommended to
<br /> provide a layer of protection to the General Fund and CIP against any potential future
<br /> shortfalls in golf course net revenues. Even if the golf course tums a profit beginning
<br /> on day one of operations, this reserve is a good idea going forward, and is consistent
<br /> with reserves that were established and maintained in the Water and Sewer Funds.
<br />
<br /> b-9
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