Laserfiche WebLink
Page 11 of 17 <br />Table 8. Sewer O&M Funds – Amended Budget vs. Actual <br /> <br /> <br />Storm Drain Operating Fund <br />As shown in Table 9 below, the Storm Drain Operating Fund ended the year with a fund <br />balance of approximately $1.8 million. While this program ended FY 2024/25 with a net <br />income of approximately $370,000, this was possible with the General Fund subsidy of <br />$630,000. FY 2024/25 revenues also reflect approximately $500,000 in Federal Emergency <br />Management Agency (FEMA) grant fund reimbursement for damages that occurred as a result <br />of storms in prior years and $380,000 in interfund reimbursement for services provided to <br />another fund. <br /> <br />The Storm Drain Fund has been operating at a major funding deficit in recent years due to <br />revenues generated from Urban Runoff Fees hovering around $500,000 annually, while <br />operating costs have been increasing. An annual subsidy from the General Fund has been <br />used to cover some of the operating costs. <br /> <br />Table 9. Storm Drain Operating Fund – Amended Budget vs. Actual <br /> <br /> <br />Cemetery Fund <br />As shown in Table 10 below, the Cemetery Fund ended the year with a fund balance of <br />$150,000. This program concluded FY 2024/25 with a net income of approximately $70,000, <br />resulting from higher revenues and lower expenditures. <br /> <br />Burial plot sales and corresponding expenditures related to burials are challenging to predict <br />Page 357 of 399