HomeMy WebLinkAbout1996-03-19 City Council (7)City
City of Palo Alto
Manager’s Report
TO:HONORABLE CITY COUNCIL
ATTENTION: FINANCE COMMITTEE
FROM:CITY MANAGER DEPARTMENT: ADMINISTRATIVE
SERVICES
AGENDA DATE: MARCH 19, 1996 CMR:177:96
SUBJECT:1995-96 MIDYEAR FINANCIAL SUMMARY AND BUDGET
AMENDMENT ORDINANCE
REQUEST:
This report transmits six-month results of operations for the 1995-96 fiscal year, for the
General Fund and Utilities Funds, and provides updated revenue, expenditure and reserve
balance projections.
RECOMMENDATIONS:
Staffrecommends the City Council adopt the attached Budget Amendment Ordinance, which
reflects midyear adjustments to the 1995-96 budgets.
POLICY IMPLICATIONS:
Adoption of the year-end closing ordinance does not represent a change to existing policies.
EXECUTIVE SUMMARY:
This report summarizes the financial results for the first six months of fiscal year 1995-96,
and updates budget projections for the full fiscal year, with pro forma reserve balances for
the General Fund and the Utilities Funds. Also included in this report is a Budget
Amendment Ordinance reflecting the associated budget adjustments being requested. The
report also includes a schedule of selected Capital Improvement Program expenditures
through December 1995.
CMR:177:96 Page 1 of 2
FISCAL IMPACT:
Adoption of the attached ordinance will allow for certain adjustmems to the fiscal year 1995-
96 budget based on updated projections.
ENVIRONMENTAL ASSESSMENT:
Adjustments to the fiscal year budget
Environmental Quality Act.
is not a project for purposes of the California
ATTACHMENTS:
1995-96 Midyear Financial Results
Budget Amendment Ordinance
PREPARED BY:Virginia Harrington, Budget Manager
Tony Sandhu, Senior Accountant
DEPARTMENT HEAD APPROVAL:
Harrison
Deputy City Manager,
Administrative Services
CITY MANAGER APPROVAL:
CC: n/a
CMR:177:96 Page 2 of 2
1995-96 54 YEAR FINANCIAL RES ,TS
EXECUTIVE SUMMARY
General Fund
The 1995-96 General Fund Adopted Budget
included a draw from General Fund Reserves
of $. 13 million. Based on financial perfor-
mance during the first six months of the fiscal
year, the General Fund is anticipated to close
the fiscal year with a net operating surplus of
$1.8 million. This surplus is primarily due to a
substantial increase in sales tax receipts, which
is discussed below. Somewhat offsetting the
increase in sales tax receipts is a projected
shortfall in telephone utility users tax reve-
nues, resulting from increased competition
among carriers and lower long distance rates.
Expenditures in the General Fund are in line
with the adopted budget.
General Fund Financial Highlights
Revenues
Adopted Adjusted Projected Difference
Actual Budget Budget Budget from
1994-95 1995-96 1995-96 1995-96 Adjusted
Budget
Taxes $36,008
Service Fees and Permits $7,955
Other Revenues $21,546
Transfers from Other Funds $10,559
Total Revenues $76,068
Plus Encumbrances and
Reappropriations
Total Revenues!
Sources Funds
Expenditures
Salaries and Benefits
All Other Expenses
Capital Expenditures
Debt Service
Total Expenditures
NET TO (FROM)
RESERVES
$36,444 $36,444 $38,221 $1,777
$8,204 $8,204 $8,083 ($121)
$23,157 $23,172 $23,247 . $75
$11,749 $11,749 $11,749 $0
$79,554 $79,569 $81,300 $1,731
$3,014 $3,014
$76,068 $79,554 $82,583 $84,314 $1,731
$47,883 $49,953 $50,595 $50,665 $70
$20,918 $24,057 $26,069 $25,702 ($367)
$4,742 $4,836 $5,613 $5,613 $0
$944 $835 $836 $546 ($290)
$74,487 $79,681 $83,113 $82,526 ($587)
$1,581 ($127) ($530) $1,788 $2,318
Utility Funds
The Electric Fund’s power purchase costs are
significantly below budget as a result of a rate
decrease by the City’s main supplier - Western
Area Power Adminisn’ation (WAPA) and the
availability of low-cost power on the spot
market.
Gas sales have decreased markedly due to
abnormally warm weather this winter. The
City’s wholesale purchase costs for natural gas
are below the Adopted Budget as a result of
lower consumption and a soft spot gas market.
These events will cause the Gas Fund Rate
Stabilization (RSR) to exceed its maximum
limit by year end. A rate reduction may be pro-
posed in the 1996-98 budget.
The Refuse Fund’s revenue lagged behind
original projections as residents and industries
continued to reduce their refuse and recycle
more. The Refuse Fund RSR is projected to
end the fiscal year at $2.8 million. Given the
1995-96 projected refuse reserve balance, and
projected 1996-97 increases in SMART Station
costs, along with the proposed acquisition of
the Los Altos Treatment Plant Site, a proposed
rate increase for the Refuse Fund in 1996-97
will be forthcoming.
The Wastewater Collection Fund is also antici-
pated to exceed its maximum RSR balance due
to increased revenues and savings in operating
expenditures. A rate reduction may be recom-
mended for Wastewater Collection in the
1996-98 budget.
The Water Fund shows a modest increase in
purchases to reflect higher-than-projected
water consumption, due to dry.weather in the
second quarter of this fiscal year.
Actual revenues and expenditures in the Storm
Drainage Fund appear to be on target and no
adjustments are proposed at this time.
GENERAL FUND REVENUES related travel.
City of Palo Alto
Sales Tax from Five Largest Business
$ Mllion
2.5~
3Q 934Q 1Q 942Q 3Q 4Q 951Q 20. 30.
Sales Tax. Receipts are anticipated to total
$16.7 million for the fiscal year, $1.6 million
above budget. The economic segments causing
this sharp increase in projected revenues are:
business services, new auto sales, light indus-
try, department stores, restaurants, and furni-
ture/appliance. The electronic equipment
segment continues to be volatile, moderating
overall sales tax gains. Preliminary estimates
for next fiscal year indicate a growth rate of
about 3.5 percent in sales tax revenue.
Property Tax. Based on preliminary informa-
tion from the County, property taxes are
expected to come in $.07 million above bud-
get. The County is projecting an estimated 2.5
percent increase in assessed valuations on
secured properties compared to prior year val-
uations. This represents a.5 percent increase
over the 2.0 percent growth projected in the
1995-96 Adopted Budget.
Transient Occupancy Tax. Revenues from
the City’s hotel tax are projected to be $.16
million above budget. This increase is fueled
by an increase in room rates and a rise in occu-
pied room days. In general, the hotel industry
has been experiencing an increase in business
Telephone Utility Users Tax. By the end of
1995-96, it is projected that telephone utility
user tax revenues will fall approximately $.27
million below budget. Revenues from major
telephone companies have fallen Significantly
compared to the past year. Revenues from the
four major companies fell an average $27,000
per month in comparing receipts from July
through December 1994-95 to the same period
in 1995-96. Company spokepersons confirm
weak telephone UUT revenues result from
increased competition and lower rates for long
distance calls.
Other Taxes, Fines and Penalties. Revenue
in this category is expected to increase by a net
$.05 million by the end of 1995’96. While doc-
umentary transfer tax and motor vehicle tax
receipts are expected to increase by $.08 mil-
lion and $. 10 million, respectively, parking
fines are projected to decrease by $. 12 million.
Lower mortgage interest rates appear to have
stimulated the increase in the documentary
transfer tax, while the increase in motor vehi-
cle tax receipts reflects a higher sales volume
(local and statewide) of new autos. The
decrease in parking fine revenue principally
results from heightened compliance with the
downtown color zone parking ordinance insti-
tuted last year.
Gas Tax. City gas tax receipts are expected to
exceed budget by $. 1 million. With an
improved state economy and resulting
increases in travel, gas taxes have increased
over 1994-95 activity.
GENERAL FUND EXPENDITURES
Actual year-end expenditures for 1995-96 are
projected to be in line with the 1995-96
Adjusted Budget. Consistent with prior years,
General Fund departments are expected to
show savings in expenditures of approximately
$.5 million. These savings will vary by depart-
ment .and are therefore not included in the
attached Budget Amendment Ordinance,
which does reflect other mid-year budget
changes. The estimated savings, however, are
shown in the General Fund Summary and in
the General Fund Reserves schedule below in
order to accurately reflect the status of the
Gen+ral Fund. Specific issues related to Gen-
eral Fund expenditures are discussed below.
General Fund Reserves
($ Millions)
Actual Adj. Budget Mid Yr.Inc. From
94195 95/96 Proj. Budget Adjusted
Reserves 95196 Budget
Budget $13.9
Stabilization
$13.4 $15.5 $2.1
Streets/.9 .7 ,4 ($.3)
Sidewalks
Emergencies 5.0 5.0 5.0
Reapp. &4.5 4.5 4.5
Encumb.
Inventory &1,7 1.9 1.9
Notes Rec.
Total Reserves $26.0 $25.5 $27.3 $1.8
Community Services Department Expenses.
Additional salaries of $50,000 need to be
added to the Community Service Department
budget due to the temporary assignment of an
employee in the Police Department to the
Community Services Department. This
employee is performing project work.
In June of 1995, after the 1995-96 Budget was
forwarded to Council for approval, Commu-
nity Services received a donation from the
Palo Alto University Rotary Club for $20,000
to fund the continued operation of the "The
Outlet," an after-school program conducted at
Jordan and J.L. Stanford Middle Schools. "The
Outlet" is an alternative program targeted for
students who might not participate in the
City’s "Middle School Athletics" program,
student.government or other traditional school
activities.
Fire Department Bad Debt. Fire Depart-
ment paramedic bad debt needs to be increased
by $38,000 due to higher than anticipated
write-offs in the first half of the year. This
trend is expected to continue for the remainder
of the fiscal year.
Police Department Overtime. The Police
Department has experienced considerable
overtime expense in the first six months of the
fiscal year. There are three primary reasons for
overtime exceeding budget: vacancies in Com-
munications and the need for a minimum num-
ber of dispatchers on each shift required
additional overtime; secondly, officers on dis-
ability in the Field Services area necessitated
backfilling with overtime to meet minimum
staffing requirements and finally, the recent
serial rapist investigation required additional
overtime to enhance existing patrol levels and
support investigation activities.
No adjustment in the Police Department salary
budget for 1995-96 is being proposed, how-
ever. It is anticipated that the department will
have regular salary savings due to vacancies.
Under the guidelines of Mission Driven Bud-
geting, the department cannot exceed salaries
and benefits as a whole. Should the department
exceed their salary and benefits budget at year
end, an adjustment will be included in the
1995-96 Year End Report.
Public Works Contract Expenses. An addi-
tional line clearing expense of $75,000 is
required due to last winter’s heavy rains which
accelerated tree growth. The contract for line
clearing is in the Public Works Department
Budget and is fully reimbursed by the Electric
Fund.
Based on final accepted bids for contract work
on City medians, parking lots and other facili-
ties, contract expenses need to be increased by
$19,515. This increase allows for maintenance
of current service levels.
Firefighters Union Negotiated Salary
Changes. For 1995-96, the International Asso-
ciation of Firefighters, Local 1319, negotiated
to pay their own employee contribution to the
Public Employees Retirement System (PERS),
and to have their salary base increased corre-
spondingly. To appropriately adjust the sala-
ries and benefits for the Fire Department to
reflect the change in the payment to PERS,
retirement expenses in the Employee Benefits
Fund and charges to departments from the
fund need to be adjusted and salaries will be
simultaneously increased. This adjustment
does not impact the General Fund Budget Sta-
bilization Reserve.
Debt Service. Operating transfers from the
General Fund need to be adjusted downward
by $.3 million to recognize funds remaining
with the trustee when Civic Center Improve-
ments are completed. These funds were used
to pay the debt service in September 1995 and
will be used to pay part of the March 1996
payment.
UTILITY FUNDS
Interest income in individual Utility Funds will
vary from original projections. Although the
actual yield on pooled investments is only
slightly less than forecast, operating variances
and delays in capital spending have caused
variances from budgeted interest income.
Electric Fund
Year-to-date Electric Fund revenues are within
1 percent of budget. However, power purchase
costs are significantly below budget ($4.0 mil-
lion) for the first half of the fiscal year. Based
on power purchase costs for the first six
months, it is appropriate to reduce the power
purchase budget by $8.3 million. A number of
factors contributed to this favorable variance: a
reduction in WAPA’s rates; receipt of higher-
than-projected credits from WAPA for prior
years’ payments; and the City’s ability to
obtain less costly resources (mainly cheaper
hydro power from the Pacific Northwest).
The budget for salaries in the Electric Distribu-
tion System Operation need to be increased
due to a misallocation of salaries between the
operating and capital budgets and increased
workload in Electric Operations overtime costs
resulting from power restoration in Palo Alto
and neighboring communities following
December’s heavy storms.
Due to lower power purchase costs, the Elec-
tric Fund’s RSR is projected to be $29.4 mil-
lion by year-end, $3.6 million above the
Council-approved maximum level. The pro-
posed 1996-98 budget will include a request to
transfer significant funds from the RSR to the
Calaveras Reserve. This allows the Electric
Utility to be prepared to compete in a deregu-
lated environment and will bring the RSR
within the target range. This recommendation
will be discussed in greater detail when
Council meets as a Committee-of-the-Whole
in April to discuss budget issues.
Utility Fund Reserves
0
Gas Fund
Unseasonably warm weather adversely
affected gas sales in the second quarter. Year-
to-date sales are $.8 million, or 10 percent,
lower than originally forecasted. The warm
weather is expected to continue for the remain-
ing winter months, resulting in an additional
decrease in gas sales. To reflect the year-to-
date and projected negative sales variances, a
decrease of $1.5 million to the Gas Fund sales
budget is needed.
Gas purchase costs are 33 percent below bud-
get to-date. The demand for gas has decreased
with the warm weather. In addition to lower-
than-projected commodity purchases, an ongo-
ing softness in the natural gas market has
resulted in significantly lower prices. The City
has negotiated a new contract with its current
supplier, Suncor of Canada, which will pro-
vide favorable gas prices for the remainder of
this fiscal year. Given these factors, the budget
for gas purchases should be decreased by $2.6
million. Finally, additional funding of $70,000
is needed in the Gas System Extension Capital
Improvement Project to cover cost due to an
increase in the volume of new gas service
installations. As most of these costs are reim-
bursed by the customers, an amendment of
$70,000 to the revenues is also recommended
to offset ~e additional funding.
The Gas Fund RSR balance is projected to be
$12.5 million at year end. Since the forecasted
RSR balance exceeds the maximum guideline
level of $7.6 million, a recommendation for a
rate reduction will be included in the proposed
1996-98 budget.
Refuse Fund
Customer revenues in the Refuse Fund con-
tinue to lag behind budgeted targets by 5 per-
cent. Palo Alto residents and businesses have
been recycling diligently, resulting in a
decrease in trash disposed and a lower demand
for refuse collection services. As a result, a
decrease in budgeted Refuse revenues of $1.0
million is needed.
On the expenditure side, the disposal fee paid
to PASCO, which is based on actual customer
revenues, reflects the sagging demand for
refuse services and, at the midyear, is $.01 mil-
lion below budget. Even though this translates
into a potential savings in expenses, no budget
adjustment is prudent at this time because this
is a cost that will increase if there is an
upswing in Refuse revenues.
The year-end Refuse Fund RSR balance is pro-
jected at $2.8 million, which is close to Coun-
cil’s approved target. With the proposed 1996-
98 budget, an increase in Refuse rates will be
needed to fund proposed improvements at the
former Los Altos Treatment Plant site and pro-
jected increases in SMART Station expenses.
Storm Drainage Fund
Year-to-date Storm Drainage Fund revenues
and expenditures are within 1 percent of bud-
get. The increase in the Storm Drainage fee,
planned for the 1996-98 budget to fund the
bond financing for the next phase of storm sys-
tem improvements, will be delayed to 1998-
99. The delay will allow staff to concentrate on
completing the 1995 bond-funded projects
within the required time frame, thereby avoid-
ing arbitrage penalties. In addition, this will
allow Council time to review the results of the
Storm Drainage punic outreach program.
Based on staffs cash flow analysis, the Fund is
expected to maintain a positive balance until
the next rate increase.
Wastewater Collection Fund
Revenues in the Wastewater Collection Fund
are anticipated to be $.5 million higher than
originally budgeted. This is partially due to
higher groundwater discharges fees ($.3 mil-
lion) because of an increase in the volume of
groundwater discharged by local industries. In
addition higher-than-projected earnings on the
Fund’s investments ($.2 million) are forecast.
Savings for contract services of $57,000 are
expected due to lower contract costs for emer-
gency sewer repairs.
The projected year-end RSR balance of $8.1
million will exceed the Council approved max-
imum guidelines. The 1996-98 Proposed Bud-
get may include a reduction in Wastewater
Collection rates.
"Subtotal: Administration" and $972,00 for
"Total Use of Funds" under the "Column
adopted budget 1995-96."
Wastewater Treatment Fund
Both revenues and expenditures are extremely
close to their respective budgets in the first six
months of the fiscal year. No adjustments to
the budget are required at this time. The
Wastewater Treatment’s RSR is projected to
remain within approved levels.
Water Fund
Abnormally dry weather in the second quarter
of the fiscal year has contributed to sales that
are 3 percent above target. The higher water
sales are .partially offset by increased water
purchase costs. Actual water consumption in
the first six months of the year was 6 percent
higher than forecast. Increased consummation
requires additional purchases of water.
Revenues from new service connection activi-
ties were 65 percent above the adopted budget.
As a result, an increase of $55,000 to the Capi-
tal Improvement Project "Water System
Extensions" (Project Number 8013) is required
to cover the costs of replacing greater than
anticipated numbers of large, obsolete water
meters.
OTHER ADJUSTMENTS TO THE
BUDGET
The CDBG fired summary on page 446 of
Volume I of the 1995-96 Adopted Budget
should be corrected to show $194,000 for
ORDINANCE NO.
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 1995-96 TO ADJUST
BUDGETED REVENUESAND EXPENDITURES IN ACCORDANCE WITH THE
RECOMMENDATIONS IN THE MIDYEAR REPORT
WHEREAS, pursuant to the provisions of Section 12 of Article
III of the Charter of the City of Palo Alto, the Council on June
19, 1995 did adopt a budget for fisca! year 1995-96; and
WHEREAS, after reviewing the current budgeted revenues and
expenditures for fiscal year 1995-96, adjustments to the budget are
recommended to more accurately reflect year-end projections; and
NOW, THEREFORE, the Council of the City of Palo Alto does
ORDAIN as fol!ows:
$.~CTION i. The sum of One Million Five Hundred Fifty Three
Thousand Four Hundred Eighty Five Dollars ($1,553,485) is hereby
added to the Budget Stabilization Reserve (BSR) in the General Fund
to reflect all revenue and expenditure changes as described in
Exhibit "A", which is attached to this ordinance and incorporated
herein by this reference. As a result of these changes, the BSR
will increase from $13,420,700 to $14,973,700 as of February
29,1996.
$..ECTION 2. The sum of Two Hundred Sixty Five Thousand Dollars
($265,000) is hereby reduced from the Streets and Sidewalks Reserve
in the General Fund to reflect revenue change as displayed in
Exhibit ~A". As a result of this change, the Streets and Sidewalks
Reserve will decrease from $706,234 to $441,234 as of February
29,1996.
SECTION 3 The sum of One Hundred Thousand Dollars ($i00,000)
is hereby added to the budgeted revenue in the Street Improvement
Fund as a result of increased gas tax monies from the State, and the
fund balance is correspondingly increased as described in Exhibit
SECTION 4. The budgeted Operating ~Transfers In in the Debt
Service Fund are hereby reduced by the sum of Two Hundred Ninety
Thousand Dollars ($290,000), and the fund balance is correspondingly
reduced.
SECTION 5. The sum of Five Hundred Sixty Thousand Dollars
($560,000) is hereby deleted from the budgeted Emp!oyee Benefits
revenue account, and the budgeted Retirement expense account is
correspondingly reduced.
SECTION 6. The sum of Seven Million Fifty Thousand Dollars
($7,050,000)is hereby added to the budgeted Rate Stabilization
Reserve in the Electric Fund to reflect all changes as described in
Exhibit "B, attached hereto and incorporated herein by reference.
SECTION 7. The sum of One Million Three Hundred Forty Seven
Thousand Dollars ($1,347,000) is hereby added to the budgeted Rate
Stabilization Reserve in the Gas Fund to reflect all changes as
described in Exhibit ~B".
SECTION 8. The sum of Nine Hundred Five Thousand Dollars
($905,000) is hereby deleted from the budgeted Rate Stabilization
Reserve in the Refuse Fund to reflect all changes as described in
Exhibit ~B".
SECTION 9. The sum of Five Hundred Thirty Two Thousand Dollars
($532,000) is hereby added to the budgeted Rate Stabilization
Reserve in the Wastewater Collection Fund to reflect all changes as
described in Exhibit ~B".
SECTION i0. The sum of Two Hundred Twenty Two Thousand Dollars
($222,000) is hereby deleted from the budgeted Rate Stabilization
Reserve in the Water Fund to reflect all changes as described in
Exhibit ~B".
SECTION ii. As specified in Section 2.28.080(a) of the Palo
Alto Municipal Code, a two-thirds vote of the City Council is
required to adopt this ordinance.
SECTION 12. The Council of the City of Palo Alto hereby finds
that the enactment of this ordinance is not a project under the
California Environmental Quality Act and, therefore, no
environmental impact assessment is necessary.
SECTION i$. As provided in Section 2.04.350 Of the Palo Alto
Municipal Code, this ordinance shall become effective upon adoption.
INTRODUCED AND PASSED:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
ATTEST:APPROVED:
City Clerk Mayor
APPROVED AS TO FORM:City Manager
Senior Asst. City Attorney Deputy City Manager,
Administrative
Services Department
EXHIBIT A
1995-1996 Midyear Adjustments
General Fund, Special Revenue Fund and Internal Service Fund
Activity Object Description Debit Credit
Code Code
General Fund
Revenue
02000000 1180
02513250 1925
02000000 1183
02000000 1203
02000000 1124
02000000 1181
02000000 1188
02000000 1185
03000000 1187
Expenditures
00275550 3813
02513250 3126
02818410 3003
02511111 3127
02000000 4031
02818424 3001
02818394 3001
Changein Reserve
02000000 3822
03000000 3823
Documentary Transfer Tax
Electric Line Clearing
Motor Vehicle in Lieu Tax
Parking Violation
Property Tax
Sales Tax
Sales Tax - County
Transient Occupancy Tax
Utility Users Tax - Telephone
Total General Fund Revenue
Bad Debt- Paramedic
Electric Line Clearing
Hourly Salary -"The Outlet" Program
Maintenance Contract
Operating Transfers-out
Salary Adjustment
Salary Adjustment
Total General Fund Expenditures
Budget Stabilization Reserve
Streets and Sidewalks Reserve
121,000
13,000
265,000
399,000
38,000
75,000
20,000
19,515
25,000
25,000
202,515
1,553,485
80,000
75,000
95,000
71,000
1,601,000
208,000
2,130,000
290,000
$290,000
265,000
+
+
+
+
+
+
+
+
+
+
+
+
EXHIBIT A
1995-1996 Midyear Adjustments
General Fund, Special Revenue Fund and Internal Service Fund
Activity Object Description Debit Credit
Code Code
SPECIAL REVENUE FUND
Street Improvement Fund
31000000 ¯1521 Gas Tax 100,000
31000000 3850
Debt Se~ice Fund
52000000 2011
52000000 3850
INTERNAL SERVICE FUND
General Benefits
87000000 1891
87000000 3015
Change in Fund Balance
Operating Transfers-in
Change in Fund Balance
Employee Benefits- Department Charges
Retirement- City Share
100,000
290,000
560,000,
290,000
560,000
÷
+
Activity
Code
Electric Fund
23 000000
23 250220
23 250220
23 230160
23 230160
23 250220
123 250790/8915
Changein Reserve
23 000000
Gas Fund
24 000000
24 000000
24 000000
24 000000
24 000000
24 000000
24 000000
24 230160
24 230160
24 250780/8017
24 250790/8915
Changein Reserve
24 000000
Refuse Fund
25 000000
25 000000
25 000000
25 000000
25 000000
25 000000
Changein Reserve
25 000000
EXHIBIT B
1995-96 Midyear Adjustments
Enterprise Funds
Objecl
Code
1601
3001
3004
3315
3611
3925
3879
3804
1402
1601
1711
1712
1713
1714
1715
3604
3607
3879
3879
3804
1601
!711
1712
1713
1714
1715
3804
Descriptions
Interest Income
Regular Salaries
Overtime Salaries
Joint-Agency Debt Service
Electric Purchases
Electric Line Clearing
Arastradero Access Road Project
Change to RSR
Total Electric Fund
Connection Charges
Interest Income
Sales - Single Family Residential
Sales - Multy Family Residential
Sales - Commercial
Sales - Industrial
Sales - Public Facilities
Gas Commodity Purchases
Gas Transmission
Gas Systems Extensions
Arastradero Access Road Project
Change to RSR
Total Gas Fund
Interest Income
Residential - Single Family
Residential - Multi family
Commercial
Industrial Research
Pubic Facilities
Change to RSR
Total Refuse Fund
Debit
95,000
700,000
100,000
262,000
75,000,
7,050,000
Credit
8,277,000
5,000
8,282,000
526,763
164,325
359,365
368,460
81,087
70,000
1,347,000
8,282,000
70,000i
195,000
2,917,000
220,400
134,700
71,000
489,300
84,600
1,000,000
2,551,300
95,700
5,000
2,917,000
95,000
+
+
+
+
÷
905,000
1,000,000!
Activity Object~
Code Code~
WW Collection Fund
27 000000 1601
27 000000 1752
27 250290 3199
27 250790/8915 3879
Changein Reserve
27 000000 3804
Water Fund
22 000000 1402
i22 000000 1601
i22 230160 3602
22 250780/8013 3879
22 250780/8015 3879
22 250790/8915
EXHIBIT B
1995-96 Midyear Adjustments
Enterprise Funds
Descriptions
Interest Income
Groundwater Discharge Fee
Contract Services
Arastradero Access Road Project
Change to RSR
Total WW Collection Fund
Connection Charges
interest Income
iWater Purchases
Water System Extensions
Water Meters
3879 Arastradero Access Road Project
Change to RSR
Total Water Fund
Debit
532,000
532,000
Credit
170,000
300,000
57,000
5,000
532,000
Total Enterprise Funds
75,000
152,000
15,000
40,000
55,000
Changein Reserve
22 000000 3804
5,000
222,000
282,000
13,013,000
282,000
13,013,000
÷
÷
l.-ZIJJ
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Attachment 2
ELECTRIC FUND SUMMARY
(ooo’s)
REVENUE
Electric Sales
Other Revenues
Reappropriations /Enc
TOTAL REVENUE
EXPENSES
Purchases
Other Expenses
TOTAL OPERATING EXPENSES
Capital E~penses
TOTAL EXPENSES
TO/(FROM) RESERVES
Actual
FY 94-95
MIDYEAR
Adjusted PROJECTED
Budget BUDGET
FY 95-96 FY 95-96 DIFFERENCE
63,285 60,021 60,021 0
4,477 5,940 5,845 (95)
5,913 4,935 4,935 0
73,675 70,896 70,801 (95)
30,242 35, 801 27,524 8,277
29,371 27,857 28,994 (1,137)
59,613 63,658 56,518 7,140
10,160 12,348 12,343 5
69,773 76,006 68,861 7,145
3,902 (5,110)1,940 7,050
RESERVES
Rate Stabilization
Other Reserves
Total
FY 95-96 APPROVED RSR LEVELS
36,555 22,371 29,421 7,050
16,898 25,972 25,972 0
53,453 48,343 55,393 7,050
Minimum 12,912 12,912
Ta~et 19,368 19,368
Maximum 25,823 25,823
REVENUE
Gas Sales
Other Revenues
Reappropdations /Enc
EXPENSES
Purchases
Other Expenses
TOTAL OPERATING EXPENSES
Capital Expenses
TOTAL EXPENSES
TO/(FROM) RESERVES
Actual
FY 94-95
Attachment 3
GAS FUND SUMMARY
(pop’s)
MIDYEAR
Adjusted PROJECTED
Budget BUDGET
FY 95-96 FY _95-96 DIFFERENCE
20,193 18,537 17,037 (1,500)
1,122 928 1,193 265
1,865 1,898 1,898 0
23,180 21,363 20,128 (1,235)
8,752 10,304 7,657 2,647
5,735 7,080 7,080 0
14,487 17,384 14,737 2,647
4,677 4,468 4,533 (65)
19,164 21,852 19,270 2,582
4,016 (489)858 1,347
RESERVES
Rate Stabilization
Other Reserves
Total
FY 95-96 APPROVED RSR LEVELS
11,623 11,105 12,452 1,347
3,687 3,717 3,717 0
15,310 14,822 16,169 1,347
Minimum 3,803 3,803
Target 5,705 5,705
Maximum 7,606 7,606
REVENUE
Customer Revenue
Other Revenues
Reappropriations / Enc
TOTAL REVENUE
EXPENSES
Payments to PASCO
Other Expenses
TOTAL OPERATING EXPENSES
Capital Expenses
TOTAL EXPENSES
TO/(FROM) RESERVES
RESERVES
Rate Stabilization
Other Reserves
Total
FY 95-96 APPROVED RSR LEVELS
Actual
FY 94-95
17,400
2,147
306
19,853
5,946
13,207
19,153
0
19,153
700
3,752
236
3,988
Minimum
Target
Maximum
Attachment 4
REFUSE FUND
(ooo’s)
Adjusted
Budget
FY 95-96
MIDYEAR
PROJECTED
BUDGET
FY95-96
18,111
2,072
458
20,641
6,430
14,432
20,862
5O
20,912
(271)
3,749
354
4,103
17,111
2,167
458
19,736
6,430
14,432
20,862
5O
20,912
(1,176)
2,844
354
3,198
1,810
2,715
3,620
1,810
2,715
3,620
DIFFERENCE
(1 ,ooo)
95
0
(905)
0
0
0
0
0
(905)
(905)
0
(905)
Attachment 5
STORM DRAINAGE FUND
(pop’s)
REVENUE
Customer Revenues
Other Revenues
1995 Bond Proceeds
Reappropriations / Enc
MIDYEAR
-Adjusted PROJECTED
Actual Budget BUDGET
FY 94-95 FY 95-96 FY 95-96
2,102 2,166 2,166
96 109 109
8,358 0 0
1,657 4,464 4,464
DIFFERENCE
0
0
0
0
TOTAL REVENUE
EXPENSES
Operating Expenses
TOTAL OPERATING EXPENSES
Capital Expenses
Principal Payments
TOTAL EXPENSES
TO/(FROM) RESERVES
12,213 6,739 6,739
1,627 1,684 1,684
1,627 1,684 1,684
4,785 7,321 7,321
90 260 260
6,502 9,265 9,265
5,711 (2,526)(2,526)
0
0
0
0
0
0
RESERVES
Rate Stabilization
Total
FY 95-96 APPROVED RSR LEVELS
5,633 3,109 3,109
5,633 3,109 3,109
Minimum NA NA
Target 500 500
Maximum NA NA
0
0
REVENUE
Customer Revenues
Other Revenues
Reappropriations / Enc
TOTAL REVENUE
EXPENSES
Sewer Treatment Exp.
Operating Expenses
TOTAL OPERATING EXPENSES
Capital Expenses
Principal Payments
TOTAL EXPENSES
TO/(FROM) RESERVES
Attachment 6
WASTEWATER COLLECTION FUND
(ooo’s)
MIDYEAR
Adjusted PROJECTED
Actual Budget BUDGET
FY 94-95 FY 95-96 FY 95-96 DIFFERENCE
9,423 9,667 9,667 0
1,225 867 1,337 470
472 2,908 2,908 0
11,120 13,442 13,912 470
3,348 3,929 3,929 0
1,879 2,055 1,998 57
5,227 5,984 5,927 57
4,426 7,413 7,408 5
146 156 156 0
9,799 13,553 13,491 62
1,321 (111)421 532
RESERVES
Rate Stabilization
Other Reserves
Total
FY 95-96 APPROVED RSR LEVELS
7,721 7,592 8,124 532
336 354 354 0
8,057 7,946 8,478 532
Minimum 4,243 4,243
Target 5,137 5,137
Maximum 6,031 6,031
Treatment Revenues
Other Revenues
Reappropriations /Enc
TOTAL REVENUE
EXPENSES
Operating Expenses
TOTAL OPERATING EXPENSES
Capital Expenses
Principal Payments
TOTAL EXPENSES
TO/(FROM) RESERVES
RESERVES
.Rate Stabilization
Other Reserves
Total
FY 95-96 APPROVED RSR LEVELS
Attachment 7
WASTEWATER TREATMENT FUND
(0O0’s)
MIDYEAR
Adjusted PROJECTED
Actual Budget BUDGET
FY 94-95 FY 95-96 FY _95-96 DIFFERENCE
9,337 10,661 10,661
539 512 512
1,904 2,473 2,473
0
0
0
11,780 13,646 13,646
9,372 10,672 10,672
9,372 10,672 10,672
1,834 2,258 2,258
319 339 339
11,525 13,269 13,269
255 377 377
2,667 2,976 2,976
947 1,015 1,015
3,614 3,991 3,991
0
0
0
0
0
0
0
0
Minimum 1,602 !,602
Target 2,403 2,403
Maximum 3,204 3,204
REVENUE
Water Sales
Other Revenues
Reappropriations / Enc
TOTAL REVENUE
EXPENSES
Purchases
Other Expenses
TOTAL OPERATING EXPENSES
Capital Expenses
TOTAL EXPENSES
TO/(FROM) RESERVES
Actual
FY 94-95
Attachment 8
WATER FUND SUMMARY(ooo’s)
MIDYEAR
Adjusted PROJECTED
Budget BUDGET
FY 95-96 FY 95-96 DIFFERENCE
11,789 12,510 12,510 0
765 884 864 (20)
3,036 3,233 3,233 0
15,590 16,627 16,607 (20)
4,204 4,606 4,758 (152)
6,456 6,546 6,546 0
10,660 11,152 11,304 (152)
4,927 5,401 5,451 (50)
15,587 16,553 16,755 (202)
3 74 (148)(222)
RESERVES
Rate Stabilization
Other Reserves
Total
FY 95-96 APPROVED RSR LEVELS
6,585 6,604 6,382 (222)
652 707 707 0
7,237 7,311 7,089 (222)
Minimum 4,243 4,243
Target 6,365 6,365
Maximum 8,486 8,486