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Storm Drain Fund
<br />- The recommended adjustments to the Storm Drain Fund
<br />include reductions in revenues of $(2,720) due to changes in estimated interest
<br />income and inter-fund charges. An increase of $10,561 to net transfers is
<br />recommended to reflect the return of a pro-rata share of an accumulated surplus
<br />from the Employee Benefits Fund. An increase of $5,590 to expenditures is
<br />recommended to reflect personnel cost adjustments, reduced replacement plan
<br />contributions, and reduced inter-fund charges.
<br />Golf Course Operations Fund
<br /> – Recommended revenue adjustments include
<br />revisions to take into account the increase in non-resident green fees and driving
<br />range fees along with anticipated increased revenue from food & beverage
<br />operation. The original revenue estimates were predicated on a conservative
<br />assumption of 65,000 annual rounds, which is not recommended to be changed
<br />at this time. Recommended expense adjustments reflect salary adjustments,
<br />increased cost for fuel, oil, and fertilizer, and mandatory environmental mitigation
<br />monitoring,
<br />Table 9
<br />Golf Course Operations Fund Recommended Adjustments
<br />OriinalRevisedChane
<br />gg
<br />BudetBudet
<br />gg
<br />Revenue
<br />Green Fees$2,568,956$2,573,389$ 4,433
<br />Other Revenue1,576,3001,682,500 106,200
<br />Interest Income87,50055,000 (32,500)
<br />Total Revenue
<br />$4,232,756$4,310,889$ 78,133
<br />Expenses
<br />Wages$1,401,662$1,439,714$ 38,052
<br />Materials & Supplies773,131807,414 34,283
<br />Services502,905592,320 89,415
<br />Leases244,506244,506 -
<br />Water370,600374,300 3,700
<br />Management Fees168,753168,000 (753)
<br />Total Expenses
<br />$3,461,557$3,626,254$ 164,697
<br />Net Income
<br />$771,199$684,635$ (86,564)
<br />Cemetery Operations Fund
<br /> - The recommended adjustments to the Cemetery
<br />Operations Fund include an increase in revenues of $1,000 due to changes in
<br />estimated interest income.
<br />Water Operations Fund
<br />- The recommended adjustments to the Water
<br />Operations Fund include reductions in revenues of $(122,832) due to changes in
<br />estimated interest income and inter-fund charges. An increase of $57,236 to net
<br />transfers is recommended to reflect the return of a pro-rata share of an
<br />accumulated surplus from the Employee Benefits Fund. A decrease of $263,139
<br />to expenditures is recommended to reflect personnel cost adjustments, position
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