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1/2/2025 <br />12 <br />Enterprise Funds <br />FY 2024/25 Operating Budget $64M <br />Enterprise Funds are self-supporting funds where rates and fees are designed to cover the <br />cost of operations, maintenance, repair and replacement of facilities and infrastructure <br />23 <br />Financial HealthFund <br />It is expected to be stable over time with rate increase; lack of <br />funding for capital investments <br />Water <br />Stable but lack of funding for capital investmentsSewer <br />Stable but still owes the General Fund money/loan Golf <br />Weak - fund balance will likely be depleted this fiscal year; <br />ongoing subsidy from the General Fund and owes the General <br />Fund money/loan <br />Cemetery <br />Subsidized by the General Fund although not every yearTransit <br />Capital Improvement Program <br />•Repair and Replacement (R&R)addresses routine maintenance and <br />provides immediate repair to maintain the condition of existing <br />infrastructure <br />•Capital Improvements addresses long-term capital replacements, <br />additions, and upgrades that add value to capital assets and focuses on <br />enhancing asset value and useful life, leading to long-term benefits and <br />improving operations <br />24 <br />23 <br />24 <br />Page 96 of 109