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Golf Course Operations Fund - Callippe Preserve Golf Course rounds were budgeted at 65,000 with an average of $65.48 projected to be spent per player per round. Golf rounds are now projected to be slightly higher than the budgeted amount and currently the amount spent per player is also higher at $68.73. Green fee revenue is being increased by $75,000 and all other revenues (cart rental fee, range fees, food and beverage and merchandise sales) are being increased $150,000 to account for these YTD trends. Expenditures are not being adjusted at this time. Cemetery Fund -The recommended adjustment to the Cemetery Fund is to recognize $2,000 of earned interest above the budget estimate and, in addition, $9,000 from the Odd Fellows Livermore Lodge. This was a residual amount in the Odd Fellows Material Care Fund from the proceeds of plots sales less funding held back to pay for materials or labor that had been previously provided but not yet invoiced prior to the transfer of the Cemetery to the City. Internal Service Funds Employee Benefit Fund -The Employee Benefit Fund receives revenues from charging an overall percentage on every position to pay for health, dental, vision and retirement costs. Because the overall personnel costs have been reduced in the General Fund and other funds, both the amount of the charges that go to the Employee Benefit Fund and the expenses for benefits are correspondingly reduced. The recommended adjustments will decrease revenues by $105,808 and decrease expenses by $105,808. Public Art Acquisition Fund -Recommended adjustments to revenues include adjustments to interest income due to actual YTD earning being slightly higher than originally budgeted and a $50,000 donation for art at the Firehouse Arts Center. Replacement 8~ Renovation Funds - A portion of the changes to revenues for all the Replacement & Renovation Funds is attributable to adjustments to interest income due to actual YTD earnings being slightly higher than originally budgeted and/or changes to the cash balance in each fund. Other recommended expenditure adjustments for the following funds involve a general reprioritization of replacement expenditures and re- evaluating the remaining useful lives of the various assets to reduce necessary contributions over the next few years. • Vehicle Replacement Fund • Equipment Replacement Fund • Facilities Renovation Fund • IT Replacement Fund • Street Light Replacement Fund • Traffic Signal Replacement Fund Page 8 of 10