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BUDGET SUMMARY <br /> 2013/14FY&2014/15FY Operating Budget <br /> created a reserve of $8,000,000 for the redevelopment of Kottinger Place and Pleasanton <br /> Gardens. Over the next two years staff will be working on this project. <br /> Recycling and Waste Management Fund <br /> Funds from the Alameda County Waste Reduction and Recycling Initiative (Measure D) will be <br /> used to expand recycling programs and education over the next two years. Programs will <br /> include environmental education awareness programs at school sites, annual electronic waste <br /> events, food scrap recycling, large special event recycling and education on current programs. <br /> Measure D funds have been primarily used for the weekly green waste and food scrap <br /> program over the recent years. <br /> Internal Service Funds <br /> Internal Service Funds are used as a method to allocate certain internal costs to operating <br /> departments as a cost allocation tool. The City has eighteen Internal Service Funds. They <br /> include: <br /> ❖ Risk Management (1) <br /> + Workers Compensation (2) <br /> •A Employee Benefits (1) <br /> ❖ Retiree Medical Reserve (2) <br /> ❖ Public Art Acquisition & Maintenance (2) <br /> ❖ Replacement & Renovation (10) <br /> In accordance with adopted financial policies and the General Plan, the City maintains ten <br /> Replacement and Renovation Funds. The purpose of these Funds is to provide ongoing <br /> replacement of City assets; equipment, vehicles, street lights and traffic lights, and to make <br /> major repairs and renovations to facilities, parks, medians, and city wide tree trimming in order <br /> to extend the lives of these assets. Adopted financial policies call for the establishment and <br /> maintenance of reserves including major maintenance and renovations of buildings, parks, and <br /> medians. This is accomplished by charging operating programs an annual charge pursuant to <br /> a 20 to 30 year funding plan based on the asset replacement cost and estimated life of the <br /> capital asset. <br /> All Other Operating Funds <br /> Projected revenues and expenditures for all other Operating Funds, including Trust and Debt <br /> Service Funds, are contained in the body of the budget document. <br /> 13 <br />