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Page 2 of 2 <br />recommendation for City Council consideration. <br /> <br />EQUITY AND SUSTAINABILITY <br />Converting cemetery operations to fully recover costs is essential to the long-term <br />sustainability of the cemetery. <br /> <br />OUTREACH <br />No outreach has been done in advance of this item. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />This recommendation aligns with the ONE Pleasanton Strategic Plan Goal Funding Our <br />Future: Fiscal Sustainability. Support financial health and sound fiscal policies through long- <br />term planning, cost recovery, increased revenue, and cost containment. <br /> <br />FINANCIAL STATEMENT <br />Cemetery Funds: <br />The Cemetery Capital Improvement Project Budget currently has $667,202.98. The Cemetery <br />Enterprise Fund currently has a $170,000 fund balance. <br /> <br />The Unearned Revenue account for the cemetery had a balance of $919,084.78 at the end of <br />FY 2023/24. The funds in this account are offset by the liabilities associated with services that <br />are sold pre-need at the cemetery. <br /> <br />The Pleasanton Pioneer Cemetery operated with a $159,022 deficit in Fiscal Year (FY) <br />2023/24, a $189,024 deficit in FY 2022/23, and a $121,353 deficit in FY 2021/22. The deficit <br />over the past three fiscal years is mainly due to high contract expenses. <br /> <br />Cemetery Obligations: <br />The General Fund provided a $500,000 loan to the cemetery in 2016 (June 7, 2016 City <br />Council Agenda Report regarding the Pleasanton Pioneer Cemetery <br />https://weblink.cityofpleasantonca.gov/WebLink/0/doc/267121/Page1.aspx) <br />to help facilitate the implementation of the Pleasanton Pioneer Cemetery Master Plan <br />(https://www.cityofpleasantonca.gov/assets/your-community/cemetery/pioneer-report.pdf). <br /> <br />The long-term goal is to operate the cemetery with revenues matching expenditures and <br />eliminate reliance on the City’s General Fund for operational subsidies. <br /> <br />Prepared by: <br /> <br /> <br />Heidi Murphy, Director of Library and Recreation <br /> <br />Attachments: <br />None <br /> <br />Page 29 of 29