RES 90130 - Laserfiche WebLink

immediately apparenu that the city's ability to meet future demands for service is impacted by the obligation of the general fund to pay the debt service on curren~ and proposed capital projects. The increase in debt service paid by the General Fund is summarized briefly below: Debt Service General Fund Obligation 1988-89 1989-90 1990-91 1991-92 $440,676 $938,906 $978,816 $2,027,495 The City's growth in revenue specifically from Sales and property taxes should easily support making these debt service payments. This does impact the City's ability, however, to add personnel to mainuain and enhance services to the community during the same period of the debt service. Staff will be reviewing the possibility of paying cash for one or more of the proposed projects to decrease our current obligation on the general fund for these payments. 3. ANNUAL EXCESS REVENUE OVER EXPENDITURES The city has historically at the end of the fiscal year had a surplus of revenues over expenditures. While the staff attempts to continually tighten the budget process and improve our ability to estimate both revenues and expenditures, this is not an unusual occurrence. This revenue has been historically reflected in budget documents as a contingency reserve. This year the document has been revised to reflect that the remaining revenue over expenditures will be a reserve for capital expenditures. This more accurately reflects the current use of this money and is also consistent with the philosophy to utilize only current revenues for current ex~enses. This practice may also help to reduce the debt service payments for the general fund over time. C. ENTERPRISE FUNDS The cost of operating the city's water distribution system and sewage collection system are paid entirely by user fees. 1. SEWER FUND Sewer fees in 1990-91 are estimated to generate approximately $4,033,000 in revenue with proposed expenditures of $3,432,391 and $457,678 for debt service payments for the Cross Town Interceptor Sewer. The fee structure is reviewed and recalculated every two years as a condition of the clean water grants the city has received directly or benefitted from through the Dublin San Ramon Services District and the Livermore Amador Valley water Management Agency. In 1990-91 one-third of an Engineering Technician for computer related services is recommended.