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<br />($437,622) which are offset by the elimination of the Tri-Valley CVB funding
<br />($179,090). The non-personnel costs are estimated to be $296,746 higher than originally
<br />budgeted due to a small decrease of $3,254 in overall operating expenses combined with
<br />a $200,000 increase for facility renovation charges to be used for the Amador Theater
<br />electrical upgrade and an additional $100,000 in parks/median renovation charges for
<br />future projects including tree trimming.
<br />
<br />General Fund Reserves
<br />
<br />With staffs recommendations, end of fiscal year reserves will total $19.4 million at 06/30/06
<br />and $17.1 million at 06/30/07. The additions/uses of reserves recommended by staff will result
<br />in the following changes to various reserve amounts.
<br />
<br />GENERAL FUND RESERVES
<br />
<br /> Actual FY 2005-06 Projected FY 2006-07 Projected
<br /> 06130/05 Adopted 06/30/06 Mid-Term 06/30/07
<br /> Adjustments Adjustments
<br /> And Mid-Year
<br /> Adjustments
<br />10% Reserve for Economic $8,000,000 450,000 $8,450,000 550,000 $9,000,000
<br />Uncertainties
<br />Reserve for Carryovers 4,259,605 (2,759,605) 1,500,000 (500,000) 1,000,000
<br />Reserve for Inventory 44,422 - 44,422 - 44,422
<br />Reserve for Golf Debt Service 3,600,000 (1,100,000) 2,500,000 (500,000) 2,000,000
<br />Capital Projects Reserve 1,800,000 - 1,800,000 *(1,800,000) 0
<br />Temporary Recession Reserve 5,100,000 - 5,100,000 - 5,100,000
<br />Total $22,804,027 (3,409,605) $19,394,422 (2,250,000) $17,144,422
<br />
<br />*$1.8 million adjustment is a transfer to the CIP as approved by City Council to complete funding plan for high
<br />priority projects
<br />
<br />Enterurise Funds
<br />
<br />The City currently has four Enterprise Funds, including the Storm Drain, Golf, Water and Sewer
<br />Funds. Only the Operations & Maintenance (O&M), and Debt Service portions of these
<br />enterprises are reflected in the Operating Budget. Capital Improvements and replacement for
<br />Storm, Water and Sewer are accounted for in the CIP. FY 2006-07 will be the first full year of
<br />operation for the golf course. As a result, the annual golf budget is reflected in 2006-07 for the
<br />first time.
<br />
<br />Internal Service Funds
<br />
<br />The City currently has a number of Internal Service Funds, including the Employee Benefit
<br />Retiree Medical Reserve, Workers Compensation, Facility Renovation, Park & Median
<br />SR 06:153
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