SR 06:259 - Laserfiche WebLink

Water Operations and Maintenance (0 & M) and Debt ServiceFunds The Water Operating Fund highlights include: ~ Ending Fund Balance (un-audited and before carryovers) of$IO.8 million. ~ $800,000 surplus of revenues and transfers compared to expenditures. ~ Water sales were just $43,000 under projections at $15.7 million. ~ Expenses (after carryovers of $401,000) were under budget by $532,000, including: ./ personnel costs ($280,000) ./ electricity ($78,000) ./ professional services ($88,000) ./ overhead charges by the General Fund ($101,000) ~ The cost of water purchased from Zone 7 came in essentially at budget. Included in the request for carryover ($401,000 noted above) is $314,000 for the City's commercial irrigation and water conservation rebate and water audit program. The program is intended to benefit commercial irrigation customers by educating and rewarding customers who demonstrate consistent conservation habits. Funding for the program came from a small surcharge levied for four years on water consumed by the City's commercial irrigation customers. The City is dedicating two part-time intern positions to remarketing and administering the program in 2007. The current funding was approved by City Council to continue until December 2006. Staff is, therefore, requesting an extension of this program through FY 2007-08. Sewer Operations and Maintenance (0 & M) and Debt Funds The Sewer Operating Funds highlights included: ~ Ending Fund Balance (un-audited and before carryovers) of $4.45 million. ~ Budget draw down of $333,000 from Fund Balance was actually only $203,000 (after carryovers of $32,000) ~ cost savings included: ./ lower regional sewer charges ($66,000), ./ contract services ($36,000) ./ electricity ($25,000). Note that residential sewer charges are based on fixed rates and do not follow the same trends as water consumption (especially summer irrigation water). Therefore, the projected versus actual variances are often larger for water rate revenues than for sewer rate revenues, which include both local revenues and regional revenues [passed on to the Dublin San Ramon Services District (DSRSD) for sewer treatment and to the Livermore-Amador Valley Water Management Agency (LA VWMA) for export]. SR 06:259 7