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Table 11: Sewer Operating Fund Summary
<br />($11,712,963) ($11,670,000) ($12,020,100) ($12,380,703)
<br />• ($5,317,967) ($6,539,906) ($7,303,249) ($7,482,731)
<br />Total($17,030,930) ($18,209,906) ($19,323,349) ($19,863,434)
<br />NETINCOME/(LOSS)$1,115,371 $9,904 ($1,526,370) ($1,473,347)
<br />Golf Fund
<br />For FY 2024/25, 68,734 rounds of golf are projected; for FY 2025/26 and FY 2026/27, this
<br />number is projected to slightly increase by about 0.1 percent or 68,803 rounds of golf. Based
<br />on adjusted fees and merchandise sales projections, golf revenues are expected to continue
<br />to remain strong, projected at $6.5 million in FY 2025/26 and $6.8 million in FY 2026/27.
<br />Expenses are projected to increase by 4.3 percent in FY 2025/26 and 5.0 percent in FY
<br />2026/27. Table 12 below summarizes the Golf Fund for the four years ending FY 2026/27.
<br />Table 12: Golf Operating Fund Summary
<br />$6,320,595
<br />($531, 780)
<br />($220,000)
<br />($751, 780)
<br />($4, 787, 331)
<br />$781,484
<br />Cemetery Fund
<br />$6,351,050
<br />($531,780)
<br />($220,000)
<br />($751,780)
<br />($5, 274, 221)
<br />$325,049
<br />$6,530, 533
<br />($720,000)
<br />($720,000)
<br />($5, 502,012)
<br />$308,521
<br />$6,792,950
<br />($720,000)
<br />($720,000)
<br />($5, 777,140)
<br />$295,810
<br />The Cemetery Fund is currently operating at a major deficit largely due to the cost of
<br />cemetery maintenance contract increasing each year while revenues generated from sales
<br />of burial plots have remained stagnant in recent years. With burial plot sales and
<br />corresponding expenditures related to burials, which are challenging to predict from year
<br />to year, the ongoing operating deficit is expected to continue. Staff is exploring
<br />opportunities to increase revenue streams and will present recommendations to the City
<br />Council at a future date.
<br />The General Fund transfer to the Cemetery Fund is projected at $170,000 in FY 2025/26 and
<br />$50,000 in FY 2026/27. The subsidy for FY 2024/25 is budgeted at $50,000. Cemetery
<br />revenues are projected at $249,000 in FY 2025/26 and $252,800 in FY 2026/27. Expenses are
<br />projected at $328,358 in FY 2025/26 and $338,759 in FY 2026/27. Without the General Fund
<br />subsidy, both fiscal years would end with a deficit. Table 13 below summarizes the Cemetery
<br />Fund for the four years ending FY 2026/27.
<br />Table 13: Cemetery Operating Fund Summary
<br />($67,902)
<br />$174,490
<br />($354,497)
<br />($247,909)
<br />$240,000
<br />$50,000
<br />($410, 083)
<br />($120,083)
<br />$249,000
<br />$170,000
<br />($328,358)
<br />$90,642
<br />$252,800
<br />$50,000
<br />($338,759)
<br />($35,959)
<br />38
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