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Ramon Valley Recycling Water Program, and DSRSD's approval of the Clean Water Revival <br />project. Funds have been budgeted so that staff can retain outside counsel for assistance in order <br />to be prepared to file litigation if necessary. <br /> <br />Funds for recruitment assistance have been needed for executive recruitmerits, and are partially <br />offset by salary savings. Funding for the property tax audit was previously in the budget, but <br />dropped by staff due to time constraints. However, staff now believes we can move forward with <br />this project, which will give us a data base to facilitate property tax projections, and might also <br />increase revenues as a result of audit finds. <br /> <br />Other <br />Other major expenditure increases total about $220,000 and include an increase in telephone costs <br />($30,000); the already adopted costs for shared Fire Administration with Livermore ($108,000): <br />dues, advertising, and supply increases ($54,000); refunds ($14,000); and damage to City <br />property ($7,000). <br /> <br />Staff is recommending that the savings in the General Fund from electricity costs for street lights <br />be used to make another payment to the Equipment Replacement Fund in the amount of $100,000 <br />and to establish a Street Light Replacement Fund with a transfer of $100,000. These savings <br />resulted from the City initiating the process of acquiring its street lights from PG&E. <br /> <br />Overall, staff is recommending that expenditure appropriations be increased by a net $294,000. <br />GENERAL FUND RESERVES <br /> <br />With the changes staff is recommending to the General Fund 1996-97 Budget, a fund balance of <br />$7.1 million is projected. Actual 1996-97 Beginning Reserves are compared to midyear adjusted <br />Ending Reserves below: <br /> Actual Adjusted <br /> Beginning Ending <br /> <br /> Reserve for Economic Uncertainties $3,860,000 $4,190,000 <br /> Reserve for Carryovers 2,354,838 835,000 <br /> Reserve for Inventory 129,357 129,357 <br /> Temporary Recession Reserve 3,412,500 0 <br /> Capital Projects Reserve 2,537,229 663,679 <br /> Undesignated 0 1,309, 758 <br /> <br /> Total $12,293,924 $7,127,794 <br />Reserve for Economic Uncertainties <br /> <br />The 10% Reserve for Economic Uncertainties is an ongoing reserve to meet unexpected <br />emergencies such as natural disasters, and economic deficiencies such as the temporary loss of a <br />major revenue source due to a fire. This Reserve was established in 1990 with the adoption of the <br /> <br />SR97:110 8 <br /> <br /> <br />