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and a reduction of $1,341,798 in the Water Operations Maintenance Fund. The recommended adjustments in Water Operations Maintenance involve a reduction of $28,000 in Water Operations Maintenance program for meters purchased for resale based on building permits issued and some miscellaneous contracted services, a reduction of $22,000 in the Water Quality Planning program for expenses for training and lab fees not expected to be expended, $70,000 in the Water Conservation program for miscellaneous contracted services, and a reduction of $1,237,267 in the budget for water purchased from Zone 7. This updated estimate for water purchases includes recent trends for consumption changes due to weather and conservation efforts. Internal Service Funds Fund Overview Revenue adjustment include decreased revenues of $407,773 and reductions in expenditures of $350,000. These adjustments were primarily attributable to the reduction of $350,000 from the retiree medical contribution for Pleasanton's share of LPFD. Contributions such as this flow through a number of funds including the Employee Benefits and the LPFD Retirees Medical Reserve Funds. Other adjustments include changes in the interest earnings assumptions for various funds. Special Revenue Funds Fund Overview Revenue adjustment include decreased revenues of $198,092 and reductions in expenditures of $478,693. These adjustments were primarily attributable to the reduction of $350,000 from the retiree medical contribution for Pleasanton's share of LPFD which reduced the consolidated LPFD budget. Other adjustments include changes in the interest earnings assumptions for various funds and a reduced estimate for Measure D grant funding and other revenues in the Recycling Waste Management Fund. Submitted by: LOLv David P. Culver Director of Finance Attachments 1. Resolution including Exhibit A 2. Quarterly Financial Report Page 6 of 6 Nelson Fialho City Manager