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BUDGET SUMMARY <br /> 2013/14FY&2014/15FY Operating Budget <br /> Changes to Reserves in 2013/14FY <br /> Estimated Estimated <br /> General Fund - Fund Balance Reserve Balance 2013/14FY Balance <br /> Designations 6/30/2013 Adjustments 6/30/2014 <br /> 10% Reserve for Economic Uncertainties 9,128,000 113,001) 9,241,000 <br /> Undesignated Reserve 3,034,533 (113,000) 2,921,533 <br /> TOTAL 12,162,533 - 12,162,533 * <br /> Staff is recommending that the Reserves be combined for a 13%Reserve for Economic Uncertainties. The recommended goal <br /> long-term is to have a 20%Reserve(approximately$20 million). <br /> Changes to Reserves in 2014/15FY <br /> Estimated Estimated <br /> General Fund- Fund Balance Reserve Balance 2014/15FY Balance <br /> Designations 6/30/2014 Adjustments 6/30/2015 <br /> 10% Reserve for Economic Uncertainties 9,241,000 205,000 9,446,000 <br /> Undesignated Reserve 2,921,533 (205,000) 2,716,533 <br /> TOTAL 12,162,533 - 12,162,533 * <br /> ' Staff is recommending that the Reserves be combined for a 13%Reserve for Economic Uncertainties. The recommended goal <br /> long-term is to have a 20%Reserve(approximately$20 million). <br /> Enterprise Funds <br /> Water Fund <br /> Revenues from water sales are expected to increase approximately 1.3% in 2013/14FY and <br /> 3.2% in 2014/15FY; mainly attributable to an estimated 1.3% and 3.6% annual increase, <br /> respectively, in Zone 7 water rates. Expenses in the Water Fund are estimated to increase <br /> overall 0.5% in 2013/14FY and 3.3% in 2014/15FY. The increase is mainly attributable to the <br /> addition of an Assistant Director of Operations Services to be funded 50% by the Water Fund <br /> and 50% by the Sewer Fund and to estimated annual increases in Zone 7 water rates. The <br /> Zone 7 Water Agency is the water wholesaler for the Livermore-Amador Valley, purchasing, <br /> treating, and delivering water to the cities of Pleasanton and Livermore, Dublin San Ramon <br /> Services District (DSRSD), and the California Water Service Company (serving parts of <br /> Livermore). The City receives 80% of its water supply from Zone 7 and the other 20% from <br /> City owned and operated wells. The following table summarizes the Water Operations and <br /> Maintenance Fund for the three years ending 2014/15FY. <br /> 10 <br />