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<br /> BUDGET SUMMARY
<br /> 2013114FY&2014/15FY Operating Budget
<br /> 2011/12FY 2012/13FY 2013/14FY 2014/15FY
<br /> Operating Transfers Actual Midyear Budget Budget
<br /> OPERATING TRANSFERS IN-From:
<br /> Employee Benefits Fund 432,467 - - -
<br /> Urban Forestry Fund(1/2 of Landscape Arch Assist) 37,274 37,274 37,274 37,274
<br /> Happy Valley Specific Plan Fund(Loan Repayment) 520,539 22,468 - -
<br /> Golf Fund(Loan Repayment) 289,961 289,005
<br /> Retirees'Medical Reserve Fund(Implied Subsidy) 572,719 675,209
<br /> OPERATING TRANSFERS OUT-To:
<br /> PERS Rate Stabilizatin Fund (1,000,000) - - -
<br /> Transit Fund (Subsidy) (330,416) (374,926) (382,998) (395,807)
<br /> Senior&Low Income Water&Sewer Discounts
<br /> Water Fund (226,970) (220,000) (235,000) (244,000)
<br /> Sewer Fund (94,257) (110,000) (100,000) (105,000)
<br /> Storm Drain Fund (Subsidy) (330,000) - (330,000) (330,000)
<br /> Cemetery Fund(Subsidy) (30,000) (30,000) (30,000) (30,000)
<br /> Golf Debt(Subsidy) (1,330,000) (1,320,000) - -
<br /> Golf Debt(2003 COP's Payoff) - (13,170,000) - -
<br /> Debt Service 2003 COP's (406,800) - - -
<br /> Debt Service 2004 COP's (386,303) (385,518) (380,448) -
<br /> NET OPERATING TRANS FERS (3,144,466) (15,550,702) (558,492) (103,319)
<br /> CAPfTAL TRANSFERS OUT-To:
<br /> Park CIP (561,000) - (1,000,000) (1,300,000)
<br /> NET CAPITAL TRANSFERS (561,000) - (1,000,000) (1,300,000)
<br /> NET TRANSFERS (3,705,466) (15,550,702) (1,558,492) (1,403,319)
<br /> General Fund Reserves
<br /> The changes to General Fund Reserves are shown in the following tables for the adopted
<br /> 2012/13FY Budget, the proposed 2013/14FY Budget and the proposed 2014/15FY Budget:
<br /> Changes to Reserves in 2012/13FY
<br /> Estimated
<br /> General Fund - Fund Balance Reserve Balance 2012/13FY Balance
<br /> Designations 6/30/2012 Adjustments 6/30/2013
<br /> 10% Reserve for Economic Uncertainties 8,970,000 158,000 9,128,000
<br /> Undesignated Reserve 3,192,533 (158,000) 3,034,533
<br /> Reserve for Golf Debt Service 2,000,000 (2,000,000) -
<br /> Temporary Recession Reserve 11,170,000 (11,170,000) -
<br /> TOTAL 25,332,533 (13,170,000) 12,162,533
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