SR 05:300 - Laserfiche WebLink

With the remaining $1.8 million. staff is recommending that the funds be added to the Capital Project Reserve and be left undesignated at this time. Summary of General Fund Reserve Balances The following table summarizes all General Fund Reserves, showing the beginning balances, the budgeted changes plus recommended additional deposits from 2004-05 operations, and the resulting ending balances. General Fund Reserves Balance FY 04-05 Budgeted YE 04-05 Balance Recommended 6/30/2004 Chan!!e. Additional 6/30/2005 Reserve for Carrvovers $ 5,247,704 $ (4,847,704 $ 3,859,420 $ 4,259,420 10% Reserve for Economic Uncertainties 7,800,000 10,000 190,000 8,000,000 Capital Proiects Reserve 1,000,000 600,000 3,800,000 5,400,000 Temporary Recession Reserve 5, I 00,000 0 0 5, I 00,000 Reserve for Inventories 44,607 0 0 44,607 TOTAL $ 19,192,311 $ (4.237,704 $ 5,839,420 $ 22,804,027 WATER AND SEWER OPERATING BUDGETS Both the Water and Sewer Operating Funds ended FY05 with more net income than was projected. As a result of favorable performance in the last year or so, rate increases were not implemented in 2005. However, an update in 2002 of the Sewer Replacement Program indicated that annual replacement accruals are starting to fall short of the projected funding needs of the ongoing replacement program, in the short-term as well as in the longer term. In addition, Dublin San Ramon Services District (DSRSD) will soon begin the process of reviewing regional sewer rates for FY07, and the City will be looking at local sewer rates also. At this time, it is not expected that water rates will need adjustment in the coming year; however, factors like rising energy costs and the cost of water purchased from Zone 7 could change that projection, if not next year, then quite possibly in the following years. SR 05:300 13 ------