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<br /> BUDGET SUMMARY
<br /> 2013/14FY&2014/15FY Operating Budget
<br /> Water Operations and Maintenance (O&M)
<br /> 2012/13FY 2013/14FY % 2014/15FY %
<br /> Water(O&M) Midyear Projected Change Projected Change
<br /> Revenues 20,975,483 21,252,357 1.3% 21,934,519 3.2%
<br /> Expenses
<br /> Zone 7 Purchased Water 13,620,000 13,800,000 1.3% 14,300,000 3.6%
<br /> All other expenses 5,792,289 5,713,754 -1.4% 5,861,122 2.6%
<br /> Total Expenses 19,412,289 19,513,754 0.5% 20,161,122 3.3%
<br /> Net Transferin/Out (1,830,090) (1,830,712) (1,815,284)
<br /> Net Income (266,896) (92,109) (41,887)
<br /> Sewer Fund
<br /> Sewer revenues are expected to increase 1.6% in 2013/14FY and 3.2% in 2014/15FY.
<br /> Expenses in the Sewer Fund are increasing 2.4% in 2013/14FY and 2.8% in 2014/15FY. The
<br /> City is not anticipating any increases, other than the allowable annual CPI (Consumer Price
<br /> Index) increase in local city sewer fees. However, a majority of the customers' sewer fees are
<br /> the regional sewer fees charged by DSRSD. No allowance has been assumed in the Budget
<br /> either year for a rate increase in the DSRSD fees. The increase in expenditures is mainly
<br /> attributable to the addition of an Assistant Director of Operations Services that is funded 50%
<br /> by the Water Fund and 50% by the Sewer Fund. The following table summarizes the Sewer
<br /> Operations and Maintenance Fund for the three years ending 2014/15FY.
<br /> Sewer Operations and Maintenance(O&M)
<br /> 2012/13FY 2013/14FY % 2014/15FY %
<br /> Sewer(O&M) Midyear Projected Change Projected Change
<br /> Revenues 12,809,545 13,009,616 1.6% 13,429,616 3.2%
<br /> Expenses
<br /> DSRSD 8,986,000 9,100,000 1.3% 9,400,000 3.3%
<br /> All other expenses 2,657,004 2,825,573 6.3% 2,854,348 1.0%
<br /> Total Expenses 11,643,004 11,925,573 2.4% 12,254,348 2.8%
<br /> Net Transfer In/Out (1,090,000) (1,084,007) -0.5% (1,075,925) -0.7%
<br /> Net Income 76,541 36 99,343
<br /> Golf Fund
<br /> Golf revenues from green fees are projected based on 58,000 rounds of play in 2013/14FY
<br /> and 59,100 rounds in 2014/15FY. Revenues are projected to decrease by 2.1% in 2013/14FY
<br /> and increase by 1.6% in 2014/15FY. Expenses are projected to decrease by 2.7% in
<br /> 2013/14FY and increase by 1.8% in 2014/15FY.
<br /> The City paid off the 2003 Certificates of Participation in June 2013; therefore, for the first time
<br /> in ten years there will not be a subsidy from the General Fund to the Golf Fund. Instead the
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