HomeMy WebLinkAboutStaff Report 471-08City of Palo Alto
C .ty Manager’s Report
TO:
ATTENTION:
FROM:
DATE:
REPORT TYPE:
HONORABLE CITY COUNCIL .........
FINANCE COMMITTEE
CITY MANAGER
DECEMBER 16, 2008
Recommendation
DEPARTMENT: ADMINISTRATIVE
SERVICES
CMR: 471:08
SUBJECT:Recommendation Regarding Adoption of Ordinance Authorizing
Closing of the Budget for the Fiscal Year Ending June 30, 2008,
including Reappropriation requests, Closing completed capital
improvement projects, Authorizing transfers to reserves and
Approval of Comprehensive Annual Financial Report (CAFR)
RECOMMENDATION
Staff recommends that the Finance Committee i’eview, provide input, and forward the attached
ordinance (Attactunent A) and associated exhibits to the City Council for its approval to: close
the 2008 Budget; authorize re-appropriation of 2008 funds into the 2009 Budget (Exhibits A &
B); close completed capital improvement projects (Exhibit C); and transfer remaining balances to
the appropriate reserves (Exhibits D & E for General Fund and Exhibits F & G for Enterprise
Funds). In addition, staff recommends the Finance Committee review and forward to the City
Council for its approval the City’s Comprehensive Annual Financial Report (CAFR)
(Attachment B).
BACKGROUND
The attachments to this report provide the necessary documents for closing the 2008 fiscal year
budgets and reauthorizing 2008 funds for the current fiscal year 2009. In addition, they provide
detailed information on the City’s financial activities for 2008. This report highlights the key
fiscal issues impacting the City of Palo Alto and identifies where the reader can find more
comprehensive explanations for these issues. The Management Discussion and Analysis
(MD&A) chapter of the CAFR (Attachment B) also provides an easy-to-read, thorough
discussion and analysis of the City’s current fiscal health. It includes financial statements,
performance information that is compared to the prior year, and capital asset and debt
administration data.
CMR: 471:08 Page 1 of 5
DISCUSSION
Overall, the following summarizes changes to the City’s reserves:
¯The General Fund Budget Stabilization Reserve (BSR)
°
is 18 percent of budgeted
expenditures. This percentage is within the Council approved guidelines of 15 to 20
percent and shows a closing balance of $26.1 million, a decrease of $1.4 million from the
prior year.
The Infrastructure Reserve has a final balance of$17.9 million at the end of 2008.
Budget transactions included in the attached ordinance increased General Fund reserves
by $0.2 million (Exhibit A).
The City provides medical coverage for retirees and their spouses. In 2008, the City of
Palo Alto was required (Government Accounting Standards Board Statement 45) to
recognize in its financial statements any unfunded, earned retiree medical costs including
those for current active employees. The Citywide liability for retiree medical costs is
$102.2 million. Staff received City Council approval to establish an irrevocable trust with
California Employers Retirees Benefit Trust (CERBT) and fund the Trust with
contributions of $33.8 million, lowering the liability to $68.4 million. The annual
contribution for 2008 was $9.3 million. The actuarial study estimates a reduced annual
contribution of $7.7 million for furore years after consideration of the contributions made
to the trust (CAFR Note 12).
Economy
The U.S. economy is facing critical challenges; a weakening economy, a tight credit market,
rising unemployment, declines in taxes and a loss of consumer confidence. During 2008, the
local economy was somewhat immune from these challenges, however this is not expected to
continue.
Expected declines in sales tax, transient occupancy taxes and other sources of revenue combined
with potential increases in expenditures will present financial challenges for the City in 2009.
Additional details on future revenues and expenditures can be found in the updated Long Range
Financial Forecast 2009-19. The City has been proactive in the past in dealing with these
challenges. Currently, it is worldng with Stanford Shopping Center to expand its retail space and
to build a new hotel on its premises. The City increased the transient occupancy tax rate from 10
to 12 percent in January 2008 and is considering a Business License Tax. The City will continue
to remain vigilant to maintain its sound financial practices. (MD&A pp 3-4 Transmittal Letter p. ’
vi)
Results by Fund
General Fund
For 2008, the General Fund had a net gain of $3.0 million compared to a net gain of $5.2 million
the prior year. Increases were primarily due to revenue increases in property taxes, utility user
tax, transient occupancy tax, rental income and the year-end adjustment to the carrying value of
investments. At fiscal year-end, the fund balance for the General Fund totaled $42.4 million.
This was comprised of: $12.2 million reserved for encumbrances, notes, prepaid expenses,
CMR: 471:08 Page 2 of 5
unrealized gain and inventory; $26.1 million for the Budget Stabilization Reserve; $3.5 million
for the Equity Transfer Stabilization Reserve; and $0.6 for re-appropriations. (Exhibit E)
(MD&A pp. 14-16).
Capital Projects Fund
For fiscal year 2008, the Capital Projects Fund reported $21.7 million in expenditures and other
uses, an increase of $4.5 million from prior year. This level of expenditures is consistent with the
City’s effort to rehabilitate and maintain its existing infrastructure. The Capital Projects fund
balance totaled $38.3 million, a decrease of $2.8 million. As of June 30, 2008, the Infrastructure
Reserve balance was $17.9 million, an increase of $2.! million from prior year. A number of
completed and closed projects with remaining balances at the end of fiscal year 2008 totaling
$231,282 (Exhibit C) were returned to the Infrastructure Reserve. This provided an additional
source of revenues to the IR. (MD&A p. 16)
Enterprise Funds
The Rate Stabilization Reserves (RSRs) for the combined Enterprise Funds decreased by a net
$7.9 million. Major changes include a $9.8 million decrease in the Electric Fund, primarily due
to an $8.6 million increase for utility purchases. The reason for this was the low hydroelectric
generation caused by the dry weather season causing the City to purchase power at market rates.
The Gas Fund had a $3.7 million increase primarily due to a 9.5 percent rate increase.
Wastewater Treatment Fund had an increase of $5.3 million, which brought the ending RSR
balance to a negative $7.3 million compared to a negative $12.6 million the prior year. The
negative balance is due to construction costs for the reclaimed water pipeline project.
Construction costs will be offset by future grant and partner revenues. Once the revenues are
received the reserve should continue to increase and return to a positive balance by the end of
2009. The Storm Drain Fund had a decrease of $3.6 million. The reserve has been negatively
impacted by the start up of storm drain improvement projects. The additional increase in income
in future years should return the reserve to a positive level. Exhibit G provides the balance
changes for all reserve categories for the Enterprise Funds. (MD&A p. 17)
At the end of fiscal year 2008, a number of Enterprise Fund CIP projects were completed and
closed (Exhibit C). The remaining balances of these projects reverted back to their respective
reserves. Likewise, there were also other Enterprise Fund CIP projects that, though still
outstanding and continuing, returned a portion of their project balance to the reserve because the
project managers deemed that the remaining balances were sufficient to complete the projects
(Exhibit H).
RESOURCE II~IPACT
Adoption of the attached budget-closing ordinance (Attachment A) allows for the re-
appropriation and carryover of funding from the 2008 budget so that specific operating programs
and capital projects can be completed in the current fiscal year (Exhibit B). In addition, by
closing completed capital improvement projects, balances (Exhibit C) are returned to the original
funding source for future appropriation. Exhibits D and F sumrnarize financial results for the
General Fund and Enterprise Funds, respectively, by providing an analysis of the performance of
these funds in comparison to the budget as adopted and adjusted by Council. Certain capital
projects that still exist and are continuing have returned a portion of their budget balance to
CMR: 471:08 Page 3 of 5
reserves (Exhibit H). These returns have increased the respective reserve balance. Exhibit E
reflects the changes to and status of maj or reserves.
POLICY II~IPLICATIONS
This recommendation is consistent with existing City policies.
ENVIRONMENTAL REVIEW
The action recommended is not a project for the purposes of the California Environmental
Quality Act.
CMR: 471:08 Page 4 of 5
PREPARED BY:
TRUDY EIKENBERRY
Accounting Manager, Administrative Services
DAVID RAMBERG
Assistant Director, Administrative Services
DEPARTMENT HEAD APPROVAL:~
LALO PEREZ
Director, Administrative Services
CITY MANAGER APPROVAL:
ATTACHMENTS
Attachment A: Budget Closing Ordinance
Exhibit A - Detailed Changes to the Adjusted Budget
Exhibit B - Fiscal Year 2008 Re-Appropriation Requests
Exhibit C - Capital Improvement Projects Completed and Closed in Fiscal
Year 2008
Exhibit D - General Fund Summary
Exhibit E - General Fund Reserve Summary
Exhibit F - Enterprise Summaries
Exhibit G - Enterprise Reserve Summary
Exhibit H - Capital Improvement Program Projects Fiscal Year 2008 Year-
End Adjustments
Attachment B: CAFR
CMR: 471:08 Page 5 of 5
ATTACHMENT A
ORDINANCE NO.
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AUTHORIZING CLOSING OF THE BUDGET FOR THE
FISCAL YEAR ENDING JUNE 30, 2008
The Council of the City of Palo Alto does ordain as
fol!ows:
SECTION i. The Council of the City of Palo Alto finds
and determines as follows:
A. Pursuant to the provisions of Section 12 of Article
III of the Charter of the City of Palo Alto and as set
forth in Section 2.28.070 of the Palo Alto Municipal Code,
the Council on June ii, 2007 did adopt a budget for fiscal
year 2008; and
B. Fiscal year 2008 has ended and the financial
results, although subject to post-audit adjustment, are now
available and are herewith reported in summarized financial
Exhibits ~A", ’~B", "C", ~D", ~E", ~F", ’~G" and ~H" prepared
by the Director, Administrative Services, which are
attached hereto, and by reference made a part hereof.
SECTION 2. Pursuant to Section 2.28.080 of the Palo
Alto Municipal Code, the City Managgr during fiscal year
2008 did amend the budgetary accounts of the City of.Palo
Alto to reflect:
A. Additional appropriations authorized by ordinance
of the City Council.
B. Amendments to employee compensation plans adopted
by the City Council°
C. Transfers of appropriations from the contingent
account as authorized by the City Manager.
D. Redistribution of appropriations
divisions, cost centers, and objects within
departments as authorized by the City Manager.
between
various
E. Fiscal Year 2008 appropriations which on July i,
2007 were encumbered by properly executed, but uncompleted,
purchase orders or contracts.
Page 1 of 6
ATTACHMENT A
SECTION 3. The Council hereby approves adjustments
to the fiscal yea9 2008 budget for Fund Balancing Entries
as shown on attached Exhibit "A".
SECTION 4. The Council hereby re-appropriates
fiscal year 2008 appropriations in certain departments and
categories, as shown on the attached Exhibit "B", which
were not encumbered by purchase order or contract, at year
end into the fiscal year 2009 budget.
SECTION 5. The fiscal year 2008 encumbered
balances for the departments and categories shown on
Exhibit "D" shall be carried forward and re-appropriated to
those same departments and categories in the fiscal year
2009 budget.
SECTION 6.The City Manager is authorized and
directed:
A. To close the fiscal year 2008 budget accounts in
all funds and departments and, as required by the Charter
of the City of Palo Alto, to make such interdepartmental
transfers in the 2008 budget as adopted or amended by
ordinance of the Council; and
B. To close various completed Capital Improvement
Projects (CIP) as shown in Exhibi~ "C" and move the
balances of the General Fund completed CIP into the
infrastructure reserve and all other completed CIP to their
respective reserve funds indicated in Exhibit "G"; and
C. To establish reserves as shown in Exhibits "E",
"F" and "G" for all Funds as necessaryto provide for:
i)A reserve for encumbrances and re-
appropriations in the various funds,the
purpose of which is to carry forward into
the fiscal year 2009 budget and continue, in
effect, the unexpended balance of
appropriations for fiscal year 2008
departmental expenditures as shown in
Exhibits "E" and "F"; and
(2)Reserves for Advances to Other Funds,
Stores Inventory, and other reserves in
accordance with ordinance and policy
Page 2 of 6
ATTACHMENT A
(3)
guidelines as shown in Exhibit "E"; and
A r-eserve for general contingencies of such
amount that the City Council has approved;
and
(4) Reserves for utilities plant replacement,
rate stabilization, and other reserves in
accordance with Charter and policy
guidelines as shown Exhibit "G".
D. To fund the Budget Stabilization Reserve and the
Infrastructure Reserve in accordance with the General Fund
Reserves Policy adopted by the City Council; and
E. To fund the Equity Transfer Stabilization Reserve
in accordance with the General Fund Reserves Policy adopted
by the City Council.
SECTION 7. The General Fund Equity Transfer
Stabilization Reserve is hereby increased by the sum of
Sixty Two Thousand Nine Hundred and Thirty Dollars
($62,930) as shown in Exhibit ~A", from the Stabilization
Rate Reserves of the Utilities Department Funds as fol!ow:
Utilities Fund
Electric Distribution
Electric Supply
Gas Distribution
Gas Supply
Total
Amount
$ 5,741
$38,300
$ 4,539
$13,350
$62,930
The General Fund Equity Transfer Stabilization Reserve is
increased by $62,930 to $3,528,000.
SECTION 8. The General Fund Budget Stabilization
Reserve Rate Stabilization Reserve is hereby increased by
the sum of One Hundred Seventeen Thousand Five Hundred
Ninety Nine Dollars ($117,599) as described in Exhibit "A".
This transaction will change the balance in the General
Fund Budget Stabilization Reserve to $26,100,000.
SECTION 9. The Emergency Preparedness Fund is hereby
decreased by Four Thousand Six Hundred Seventy Dollars
Page 3 of 6
ATTACHMENT A
($4,670) as described in Exhibit "A". This transaction will
change the Emergency Preparedness Fund Balance to $20,000.
SECTION i0. The Public Services Donation Fund is
hereby decreased by Twenty Five Thousand One Hundred Thirty
Dollars ($25,135) as described in Exhibit "A". This
transaction will change the Public Services Donation Fund
Balance to $674,000.
SECTION ii. The Local Law Enforcement Block Grant
Fund is hereby decreased by Two Thousand Six Hundred
Dollars ($2,600) as described in Exhibit "A". This
transaction will change the Local Law Enforcement Block
Grant Fund Balance to $901.
SECTION 12. The Capital Project Fund Infrastructure
Reserve is hereby increased by One Hundred Thirteen
Thousand Six Hundred Eighty Three Dollars ($113,683) as
described in Exhibit "A". This transaction will change the
Capital Project Fund Infrastructure Reserve to $17,894,000.
SECTION 13. Adjustments to various Capital
Improvement Projects are made as shown in Exhibit ~’H".
These changes have impact on the reserve balances and these
impacts are included in Exhibit "A"o
SECTION 14. The Electric Supply Rate Stabilization
Reserve is hereby decreased by the .sum of Thirty Eight
Thousand Three Hundred Dollars ($38,300), as described in
Exhibit "A". This transaction will change the balance in
the Electric Supply Rate Stabilization Reserve to
$47,309,000.
SECTION 15. The Electric Distribution Rate
Stabilization Reserve is hereby increased by thesum of
Three Million Eight Hundred Twenty Seven Thousand Nine
Hundred Ninety Four Dollars ($3,827,994) as described in
Exhibit "A". This transaction will change the Electric
Distribution Rate Stabilization Reserve to $8,110,000.
SECTION 16. The Electric Fiber Optics Sub-fund Rate
Stabilization Reserve is hereby increased by the sum of One
Hundred Thirty Three Thousand Five Hundred Seventy Two
Dollars ($133,572) as described in Exhibit "A". This
transaction will chaage the Electric Fiber Optics Sub-fund
Rate Stabilization Reserve to $5,331,000.
Page 4 of 6
ATTACHMENT A
SECTION 17. The Gas Supply Rate Stabilization
Reserve is hereby .~ecreased by the sum of Thirteen Thousand
Three Hundred Fifty Dollars ($13,350) as described in
Exhibit "A". This transaction will change the Gas Supply
Rate Stabilization Reserve to $7,399,000.
SECTION 18. The Gas Distribution Rate Stabilization
Reserve is hereby increased by the sum of Five Hundred
Thirty Eight Thousand Nine Hundred Sixty Three Dollars
($538,963) as described in Exhibit "A". This transaction
will change the Gas Distribution Rate Stabilization Reserve
to $4,735,000.
SECTION 19. The Wastewater Collection Rate
Stabilization Reserve is hereby increased by Twenty Five
Thousand One Hundred Thirty Four Dollars ($25,134) as
described in Exhibit "A". This transaction will change the
Wastewater Colle~tion Rate Stabilization Reserve to .
$6,027,000.
SECTION 20. The Water Rate Stabilization Reserve is
hereby increased by the sum of Seven Hundred Forty Five
Thousand Three Hundred Thirty Four Dollars ($745,334) as
described in Exhibit "A~. This transaction will change the
Water Rate Stabilization Reserve to $13,111,000.
SECTION 21. The Storm Drainage Rate Stabilization
Reserve is hereby increased by the sum .of Seven Hundred
Eighteen Dollars ($718) as described in Exhibit "A". This
transaction will change the Storm Drainage Rate
Stabilization Reserve to $1,383,000.
SECTION 22. The Technology Fund is hereby increased
by One Hundred Thousand Dollars ($I00,000) as described in
Exhibit ’~A". This transaction will change the Technology
Fund Balance to $19,593,000.
SECTION 23. Upon completion of the independent audit,
detailed financial statements reflecting the changes made
by the Sections 7 through 19 of this ordinance shall be
published as part of the annual financial report of the
City as required by Article III, Section 16, of the Charter
of the City of Palo Alto and in accordance with generally
accepted accounting principles.
SECTION 24. As specified in Section 2.28.080(a of
Page 5 of 6
ATTACHMENT A
the Palo Alto Municipal Code, a two-thirds vote of the City
Council is required to adopt this ordinance.
SECTION 25. 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 26. As provided in Section 2.04.330 of the
Palo Alto Municipal Code,this ordinance shall become
effective upon adoption.
INTRODUCED AND PASSED:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
ATTEST:
City Clerk
APPROVED AS TO FORM:
Mayor
APPROVED:
City Attorney City Manager
Director of Administrative
Services
Page 6 of 6
Exhibit A
CITY OF PALO ALTO
FISCAL YEAR ENDING JUNE 30, 2008 BUDGET SUMMARY
DETAIL CHANGES TO THE ADJUSTED BUDGET
GENERALFUND
Source Changes
Use Changes
Net Changes To (From) Reserves
Fund Balancin,q Entries
10200000 20520 45,041
10200000 20530 17,889
10200000 20410 117,599
GFTSR year-end transfer from Electric Fund.
GFTSR year-end transfer from Gas Fund.
Unused balance of CIP Project PG-08001 (Golf Course Irrigation) returned to General
Fund which was the funding source of this project.
180,529
17300000 33060 40 Transfer to fund travel & meetings.
17300000 33450 4,630 Transfer to fund emergency meals.
70191001 31220 1,087 Transfer to fund instruction & training
70191001 33480 144 Transfer to fund special events & awards.
70191003 32070 5,866 Transfer to fund recreation and housekeeping
80191002 32990 2,902 Transfer to fund other supplies and materials.
80191003 31990 7,146 Transfer to fund other contract services.
80191003 32990 7,990 Transfer to fund other supplies and materials.
29,805
150,724
10200000 _38310
10200000 38220
17300000 38500
19100000 38500
62,930 Transfer Stabilization Reserve
117,599 Budget Stabilization Reserve
(4,670) Change in fund balance
(25,135) Change in fund balance
SPECIAL REVENUE FUND - Local Law Enforcement Block Grant
Source Changes 0
70249001 32990 1,160 Transfer to fund other supplies and materials
70249001 33060 1,440 Transferto fundtravel and meetings.
Use Changes 2,600
Net Changes To (From) Reserves (2,600),
Fund Ba~ancinq Entries
70249001 38500 (2,600) Change in fund balance
CAPITAL PROJECT FUND
Source Changes 0
Use Changes
Net Changes To (From) Reserves
Fund Ba ancing Entries
47100000 40110 117,599
80471009 38790 (117,599)
50471001 38790 (75,916)
50471010 38790 (612)
50471010 38790 (36,156)
50471007 38790 (999)
To return unused balance of CIP Project PG-08001 (Gotf Course Irrigation) to General
Fund which was the funding source of this project.
To close CIP Project PG-08001 (Golf Course Irrigation) and return balance to General
Fund
To close CIP Projects PD-03003 (Additional Fire Frequency) and PD-04011 (Civic
Center Parking-Security Upgrade) and return balance to Infrastructure Reserve
To close CIP Project PE-O0107 (Briones Park Improvement) and return balance to
Infrastructure Reserve
To close CiP Project PE-05002 (Main Library Configuration) and return balance to
Infrastructure Reserve
To close CIP Project PF-90018 (Cubberley Building Code Modification) and return
balance to Infrastructure Reserve
(113,683)
113,683
47100000 38490 113,683 Changes in Infrastructure Reserve
Page 1 of 3
Exhibit A
CITY OF PALO ALTO
FISCAL YEAR ENDING JUNE 30, 2008 BUDGET SUMMARY
DETAIL CHANGES TO THE ADJUSTED BUDGET
ENTERPRISE FUNDS
Source Chanqes 0
20000030 40110 38,300
20000020 40110 5,741
20020202 38790 (134,297)
20020202 38790 (3,897,559)
20020202 31990 (326,000)
20020611 38790 (133,572)
20020403 38790 (46,959)
20020403 30010 (4,913)
20020202 38790 279,614
20020201 38790 296,379
Use Changes (3,923,266)
GFTSR year-end transfer from Electric Fund
GFTSR year-end transfer from Electric Fund
To close various ClP Projects (Exhibit C) and return balance to Electric Fund RSR
To reduce appropriation of various CIP Projects (Exhibit H) and return balance to
Electric Fund RSR
To reduce appropriation of various CIP Projects (Exhibit H) and return balance to
Electric Fund RSR
To reduce appropriation of CIP Project EL-06011 (Fiber Optic Customer) and return
balance to Fiber Optics Fund RSR
To reduce appropriation of CIP Project EL-89031 (Communications System) and return
balance to Electric Fund RSR
To reduce appropriation of CIP Project EL-89031 (Communications System) and return
balance to Electric Fund RSR
To provide additional appropriation to various CIP Projects (Exhibit H)
To provide additional appropriation to CIP Project EL-89028 (Electric Customer
Connection)
Net Changes To (From) Reserves 3,923 266
Fund Balancing Entries
20000020 38040 3,827,994 increase in Distribution RSR- Electric
20000030 38170 (38,300) Decrease in Supply RSR - Electric
20000080 38040 133,572 Increase in RSR - Fiber Optics
Gas: FUn
Source Chanqes 0
Use Changes
Net Changes To (From) Reserves
Fund Balancing Entries
20000050 40110 13,350
20000040 40110 4,539
20020802 38790 (510,276)
20020802 38790 (33,226)
(525,613)
GFTSR year-end transfer from Gas Fund.
GFTSR year-end transfer from Gas Fund.
Various CtP Project year-end adjustments per Schedule H
To close CIP Project GS-03002 (GMR Project 13) and return balance to reserve
525,613
20000050 38170 (13,350) Decrease in Supply RSR - Gas
20000040 38040 538,963 Increase in Distribution RSR - Gas
Source Chanqes 0
20021202 38790 (17,130) Various CIP Project year-end adjustments per Schedule H
20021202 38790 (8,004) To close CIP Project WC-O0003 (Phase XII - WC System)) and return balance to
reserve
Use Changes (25,134)
Net Changes To (From) Reserves 25,134
Fund Balancing Entries
20000070 38040 25,134 Rate Stabilization Reserve
Source Changes
20021002 38790
20021002 38790
Use Changes
0
(495,205) Various CIP Project year-end adjustments per Schedule H
(250,I29) To close various CIP Projects at year-end per Schedule C
(745,334)
Net Changes To (From) Reserves 745,334
Fund Balancing Entries
20000060 38040 745,334 Rate Stabilization Reserve
Page 2 of 3
Exhibit A
CITY OF PALO ALTO
FISCAL YEAR ENDING JUNE 30, 2008 BUDGET SUMMARY
DETAIL CHANGES TO THE ADJUSTED BUDGET
Source Changes 0
50070201 38790 (718) To close CIP Project SD-06103 (Gailen/Bibbits) and return balance to reserve
(718)
Reserves 718
Fund Balancinq Entries
50070001 38040 718 Rate Stabilization Reserve
Source Changes 0
40070603 38790 (100,000) To close CIP Project TE-07005 (Archive and Purge Record Management) and return
balance to reserve
(100,000)
100,000
Use Changes
Net Changes To (From) Reserves
40070001 38300 100,000 Reserve for Technology
Page 3 of 3
Exhibit B
FISCAL YEAR 2008 APPROPRIATION REQUESTS
Total Requests
$ 647i719
.$0
$1,916,129
$ 2,563,848
Total Recommended
$ 647,719
$0
$1,916,129
$ 2,563,848
$
AMOUNT INTENDED USE
COMMENTS/REASONS
FOR NOT COMPLETING IN FY 2008 STATUS
City Manager’s Office
$81,000
$30,919
Climate Protection Plan
(CPP)
Document Archiving
and Library Plan/Public
Safety Building Project
This reappropriation is being requested for
additional project funding to assist departments
in achieving CPP goals as mandated by
Council. The request is also for a consultant /
department backfill for additional staff time to
help implement a plan for greenhouse gas
reductions within the community. In fiscal
year 2008, $100,000 was budgeted for a cost-
benefit analysis of CPP recommendations, .and
staff has managed to complete it for much less.
These savings can be applied in fiscal year .
2009 to implement the plan.
This reappropriation is being requested for the
document conversion of CMRs which did not
occur as planned in fiscal 2008 due to
unanticipated department priorities. The
request is also for outreach materials relating to
the Library Plan/Public Safety Building Project
which overlaps two fiscal years.
Recommended $81,000. There is
sufficient balance in the Fiscal Year
2008 budget that. can be
reappropriated.
Recommended $30,919. There is
sufficient balance in the Fiscal Year
2008 budget that can be
reappropriated.
Page 1 of 4
$
AMOUNT INTENDED USE
COMMENTS/REASONS
FOR NOT COMPLETING IN FY 2008 STATUS
Plannhtg Department
$60,800 Study of parking
permit program for
College Terrace
Non-Departmental
$475,000 Salary Contingency
-This reappropriation is being requested for the
study of a residential parking permit program
in College Terrace. On October 25, 2001, as a
condition of their General Use Permit with
Santa Clara, Stanford University paid $100,000
to the City for study of a residential parking
permit program in College Terrace. Funds
were held in a deposit account until they were
ready for use. City Council authorized moving
the funds into the Transportation Section
budget and proceeding with the study at the
fiscal year 2008 mid-year. The $60,800
remaining is reserved specifically for that
project to implement any recommendations
adopted by the City Council. Transportation
Section will report back to the City Council
with the consultant’s recommendations in late
Summer 2008. Implementation will begin at
that time if the City Council moves forward
with the project. Implementation of a parking
permit program is not anticipated in the fiscal
year 2009 budget.
Recommended $60,800. There is
sufficient balance in the Fiscal Year
2008 budget that can be
reappropriated.
This reappropriation is being requested for the
Management and Professional group which
includes the compensation study that will be
completed in fiscal year 2009. In addition, the
Fire Chiefs Association will be receiving a
salary increase and two years of retroactive pay
in fiscal year 2009, per the negotiated contract
agreement. The contract was agreed upon after
the 2008-09 Proposed budget was prepared and
the amounts were not included.
Recommended $475,000. There is
sufficient balance in the Fiscal Year
2008 budget that can be
reappropriated.
Page 2 of 4
Police Department
PD-07000 $400,000 Mobile
Command
Vehicle
This reappropriation is being requested
because staff has concluded that a
mobile command vehicle could be
designed to act as a back-up 911 center
during a major disaster and could be
used as a regional asset but the Cost is
$350,000 more than the current budget.
Staff is seeking federal funding to
augment the budget. If additional
funding is not identified, staff will
purchase a less expensive vehicle within
the existing budget.
Recommended $400,000. There is
sufficient balance in the Fiscal Year 2008
budget that can be reappropriated.
Library Department - Technology Fund
TE-06001 $27,600 Library RFID
Implementation
This reappropriation is being requested
to implement radio frequency
technology for use in circulating and
managing library collections. This CIP
should remain open because an
expenditure of $800,000 may occur in
fiscal year 2010 to implement this
project.
Recommended $27,600. There is sufficient
balance in the Fiscal Year 2008 budget that
can be reappropriated.
Police Department - Technology Fund
TE-07002 $125,000 Police Auto This reappropriation is to provide funds
Citation System to upgrade the handheld automated
parking citation system. Purchase orders
for this project are currently out, and the
department is in the midst of selecting
the vendor. There is a commitment
balance of $125,000 for this project.
Recommended $125,000. There is
sufficient balance in the Fiscal Year 2008
budget that can be reappropriated.
Public Works - Vehicle Replacement Fund
VR-$200,000 Replace This reappropriation is to provide funds
06801 Citywide fuel for construction in Fiscal Year 2009.
management and Construction has been delayed during
tank inventory the construction of the new MSC fueling
system facility.
Recommended $200,000. There is
sufficient balance in the Fiscal Year 2008
budget that can be reappropriated.
Page 3 of 4
Planning Department
PL-07001 $837,380
Planning Department
PL-07002 $155,000
Planning Department
PL-98013 $111,149
Planning Department
PL-07000 $60,000
Intermodal
Transit Station
Work is ongoing on this project, and has
been for the last two years using grant
funds placed in the General Fund,
Transportation Section budget. This
capital project has been inactive because
funds had to be budgeted early in order
to qualify for Federal transportation
grants. The department will be ready to
use the funds in fiscal year 2009.
Recommended $837,830. Ther.e is
sufficient balance in the Fiscal Year 2008
budget that can be reappropriated.
Redesign
Stanford Ave /
E1 Camino
intersection
This project had been delayed until a
cooperative agreement was executed
with Caltrans (April 2008). Staff just
received formal authorization from
Caltrans to proceed with design work
using these Caltrans grant funds.
Caltrans approval was required by June
30, 2008. Staff will initiate RFP process
for consultant services in July 2008.
Recommended $155,000. There is
sufficient balance in the Fiscal Year 2008
budget that can be reappropriated.
Improve School
Commutes
This previously annual project is meant
to fund projects that improve school
cormnutes. These funds will be used as
the City’s local share match for gran~
funding for the Stanford Ave / E1
Camino Streetscape Project PL-07002.
The funds will be used for the design
phase in fiscal year 2009 and the
construction phase in fiscal year 2011.
Recommended $111,149. There is
sufficient balance in the Fiscal Year 2008
budget that can be reappropriated.
Traffic Calming-
Downtown
North Traffic
Circles-
Hardscape
In 2004, the City installed traffic
calming measures in the Downtown
North. In 2005, after an evaluation of
the measures, the City Council accepted
them as a permanent installation, with
the additional direction that hardscape
be installed on the traffic circles. This
project was delayed due to staffing
vacancies in the Planning and
Transportation Division.
Recommended $60,000. There is sufficient
balance in the Fiscal Year 2008 budget that
can be reappropriated.
Page 4 of 4
Exhibit C
City of Palo Alto
CAPITAL IMPROVEMENT PROGRAM PROJECTS
Comp_leted and Closed in Fiscal Year 2008
PROJECT NUMBER PROJECT TITLE
General Fund
PG-07700
PG-08001
PD-03003
PD-04011
PE-00107
PE-05002
PE-90018
Electric Fund
EL-04006
EL-04007
EL-05020
EL-05021
EL-05022
EL-99005
Golf Course Irrigation Pump, Motors and Control Panel Replacement
Golf Course Driving Range Turf and Netting
Additional Fire Frequency
Civic Center Parking - Security Upgrade
Briones Park Improvement
Main Library Configuration
Cubberley Building Code Modification
Gas Fund
GS-03002
Welch Road Underground
Embarcadero Rebuild
Mumford/Alma/Scripps
Ross/E. Meadow 4/12kV Conversion
Louis East Charleston
Utility Print Design _
Water Fund
WS-02005
WS-02007
WS-02008
WS-05000
GMR Project 13
New Reservoir and Pump
Middlefield Road Well
Eleanor Pardee Park Well
Two (2) New Vehicles
Wastewater Collection Fund
WC-00003 Phase Xll WC System
iGaillen/Bibbits Outfall
Storm Drainage Fund
SD-06103
Vehicle Replacement Fund t
VR-01004 New Vehicles
Archive and Purge Record Management
System Management
Technology Fund
TE-07005
TE-01008
Total
Total
Total
Total
Total
Total
Total
Total
* Balance to return to reserve.
PROJECT
BALANCE*
117,599
75,497
419
612
36,156
999
231,282
20,000
82,951
20,440
2,130
7,633
1,143
134,297
33,226
33,226
167,069
63,567
20,683
(1,190)
$250,129
8,004
$8,004
$718
$718
100,000
$1oo,ooo
Page 1 of I
EXHIBIT D
Revenues
Property Taxes
Sales Taxes
Utility Users Tax
Transient Occupancy Tax
Other Taxes, Fines & Penalties
Charges for Services
Permits & Licenses
Charges to Other Funds
Rental Income
Other Revenues
Add: Operating Transfers In
Prior Year Encum & Reapprop
Total Source:ofFundsg:=~::~ ~:~ ~ ~.~ :~:~ :
Expenditures
Administrative Departments
Community Services
Fire
Library
Planning
Police
Public Works
Non-Departmental/School Site
Add: Operating Trans Out
2007-08
Adopted "
Budget
22,034
22,045
9,402
6,985
8,181
20,383
6,044
10,650
13,037
3,742
17,207
2007-08
Adjusted
Budget
22,735
22,400
9,793
7,700
8,437
20,383
6,074
10,650
13,037
4,452
17,786
3,558
17,342
21,212
22,868
6,484
10,137
27,981
13,225
9,229
19,108
21,872
24,279
7,035
10,148
29,787
13,254
7,903
10,707 15,570
2007-08
CAFRBasis
Rev/Exp
2007-08
Allocated
Charges
2007-08
Encum+
Reapprop
2007-08
Budgetary
Rev/Exp
23,107 n/a 23,107
22,622 n/a 22,622
10,285 n/a 10,285
7,976 n/a 7,976
7,847 n/a 7,847
19,311 n!a 19,311
4,831 n/a 4,831
10,913 rda 10,913
13,591 n/a 13,591
7,899 (27)n/a 7,872
17,133
3,558
n/a 17,133
n/a 3,558
16,256 1,121 1,721 19,098
17,140 °4,112 614 21,866
21,643 2,343 291 24,277
6,221 601 212 7,033
8,953 705 487 10,145
26,839 2,613 335 29,784
10,074 2,845 324 13,243
6,985 440 475 7,899
13,654 -13,654
CAFR Reconciliation:Current year encumbrance/reappropriations
Prior year encumbrance/reappropriations
Current year stores adjustment
Prior year stores adjustment
CAFR Net Income
4,460
(3,~8)
(37)
98
3,007
2007-08
Variance
372
222
492
276
(590
(1,072
(1,243
263
554
3,420
(653
11
6
2
2
3
2
11
4
1,91.6
Page 1 of 1
Exhibit E
CAFR Fund Balance
Less: Encumbrances
Reappropriations
Adjustment for Stores Operations
BudgetaryFund.Balance ~-~ ~:;~ ~ ~:,~,:~;: ~ ,~ :~i~
Budget Stabilization Reserve
Reserve For Infrastructure Improvements
Notes Receivable Reserve -
Stores Inventory Reserve
Prepaid Reserve
Unrealized Investment Gain/Loss Reserve
Reserve For Equity Transfer Stablization
Reserve For Emergencies
Adjustment for Stores Operations
39,408 3,007 42,415
(3,390)(426)(3,816)
(71)(577)(648
(98)61 (37
~::~35,849 ~:~:~ ~,2,065 37,914
27,480 (1,378)26,102
0 0 0
1,182 1,073 2,255"
2,567 432 2,999
1,253 779 2,032
0 1,035 1,035
3,465 63 3,528
0 0 0
(98)61 (37)
Adjustment for Stores Inventory Encumbrance I 0
Adjustment for Stores Operations !,(37)
Page 1 of 1
Exhibit F
FY 2007
AcUEnc
Reapprop
REVENUE
Water sales 23,044
Other revenues 3,227
Reappropriations /Enc 13,044
FY 2008 FY 2008 $ Variance
Adjusted Reapprop Favorable
Budget Actual/Eric (Unfavor.)
26,528 25,975 (553)
2,151 3,301 1,150
3,666 3,666
EXPENSES
Purchases 7,806
Other Expenses 10,736
TOTAL OPERATING EXPENSES 18,542
Capital Expenses 8,565
.9,340 8,363 977
14,309 12,515 1,794
23,649 20,878 2,771
14,463 14,988 (525)
FY 2007
AcUEnc
Reapprop
REVENUE
Electric retail sales 85,417
Electric wholesale sales
Other revenues 25,584
Bond Proceeds
Reappropriations / Eric 9,328
EXPENSES
Purchases 62,478
NCPA & TANC Debt Svc 8,443
Other Expenses 35,111
TOTAL OPERATING EXPENSES 106,032
Capital Expenses 18,730
Principal Payments
FY 2008 FY 2008 $ Variance
Adjusted Reapprop Favorable
Budget Actual/Enc (Unfavor,)
90,506 90,833 327
20,848 25,173 4,325
1,350 1,350
8,922 8,922
78,601 71,065 7,536
8,886 8,554 332
42,495 40,725 1,770
129,982 120,344 9,638
13,642 15,768 (2,126)
100 (100)
TOTAL EXPENSES t24,~’62, 143~624 ::! 136~212 i’ : 7412
TO/(FROM) RESERVES : ’ ~ ~i~: ! (4,433)
Exhibit F
REVENUE
FY 2007
AcUEnc
Reapprop
Gas retail sales 41,457
Gas wholesale sales
Other revenues 1,490
Reappropriations ! Enc 4,620
$ Variance
Favorable
(Unfavor.)
48,047 48,100 53
316 2,261 1,945
7,515 7,515
EXPENSES
Purchases 22,250
Other Expenses 12,704
TOTAL OPERATING EXPENSES 34,954
Capital Expenses 10,838
28,003 27,220 783
14,259 12,979 1,280
42,262 40,199 2,063
13,913 13,632 281
FY 2007
AcUEnc
Reapprop
REVENUE
Revenues 15,726
Reappropriations / Enc 9,587
FY 2008 FY 2008 $ Variance
Adjusted Reapprop Favorable
Budget Actual/Enc {Unfavor.)
15,944 16,627 683
5,966 5,966
EXPENSES
Sewer Treatment Exp.6,142
Operating Expenses 3,781
TOTAL OPERATING EXPENSES 9,923
Capital Expenses 13,789
Principal Payments 54
7,101 7,056 45
5,202 4,814 388
12,303 11,870 433
9,164 10,229 (1,085)
55 55
Exhibit F
FY 2007
AcUEnc
Reapprop
REVENUE
Operating Revenues 17,717
Restricted Bond Proceeds 21
Loan Proceeds
Reappropriations /Enc 15,912
Bonded Reappro/Encum 64
FY 2008 FY 2008 $ Variance
Adjusted Reapprop Favorable
Budget Actual/Enc (Unfavor,)
21,015 23,905 2,890
9 9 -
4,879 4,879
23,804 23,804 -
17 17 -
EXPENSES
Operating Expenses 16,406
TOTAL OPERATING EXPENSES 16,406
Capital Expenses,24,578
Principal Payments 341
:TOi(FROM):RESERVES ~ ~ :i::"! (7;6i1)
18,582 16,696 1,886
18,582 16,696 1,886
26,288 30,252 (3,964)
355 355
FY 2007
AcUEnc
Reapprop
REVENUE
Revenues 26,340
Reappropdations /Enc 998
FY 2008 FY 2008 $ Variance
Adjusted Reapprop Favorable
Budget Actual/Enc (Unfavor.)
29,849 29,850
884 884
EXPENSES
Payments to PASCO
Other Expenses
TOTAL OPERATING EXPENSES
Capital Expenses
7,825
18,198
26,023
9,828 9,276 552
21,772 20,994 778
31,600 30,270 1,330
836 1,000 (164)
Exhibit F
REVENUE
FY 2007
Act/Enc
Reapprop
Revenues 5,346
Reappropriations / Enc 2,379
Bonded Reappro/Encum
Restricted Bond Proceeds
FY 2008 FY 2008 $ Variance
Adjusted Reapprop Favorable
Budget Actual/Eric {Unfavor.)
8,307 5,346 (2,961’
2,295 2,295
EXPENSES
Operating Expenses 2,118
TOTAL OPERATING EXPENSES 2,118
Capital Expenses 3,801
Principal Payments 340
2,344 2,379 (35’,
2,344 2,379 (35’,
9,885 8,472 1,413
360 360
REVENUE
Revenues
Reappropriations / Enc
FY 2007
AcUEnc
Reapprop
792
FY 2008 FY 2008 $ Variance
Adjusted Reapprop Favorable
Budget Actual/Eric (Unfavor,)
1,243 919 (324’~
5 5
EXPENSES
Operating Expenses 806 1,232 928 304
TOTAL OPERATING EXPENSES 806 1,232 928 304
Capital Expenses
TOTAL EXPENSES ~ ;,, ;~-:! = ::, 806 I ~ : ~ ~1;232-~+ : i~ ~ 928 304
FISCAL YEAR 2008
Beginning Reserves
To (From) Reserves
Adj Budgeted Reserves
% of Budgeted Reserves
Exhibit G
Water Electric Gas WWC WWT Refuse Storm
$17,630 $147,505 $9,416 $6,469 ($10,013)$5,004 $2,186
(2,924)(9,934)4,045 439 5,311 (536)(3,570)
19,200 137,890 10,312 6,369 15,066 4,455 2,180
77%100%131% 108%-31%100%-63%
Ext Svc Total
$4 $178,201
(4)(7,173)
4 195,472
0%87°A
FISCAL YEAR 2008
Rate Stabilization
General RSR
Supply RSR
Distribution RSR
Total RSR
Emergency Plant Replace
Calaveras
Underground Loan
Conservation Loan
Water Resources Board
Shasta rewind Loan
Central Valley Project
Public Benefit Program
External Service - IT
External Service - HR
Water Electric Gas WWC WWT Refuse Storm Ext Svc
$13,111 $6,027 ($7,285) $3,832 ($t,384) $0
13,111
1,595
47,309
13,968
-61,277
3,057
70,397
709
22
2,109
7,399
4,734
12,133 6,027 (7,285)
1,328 881 2,583
3,832 (1,384)
636
Total
$14,301
54,708
18,702
87~711
9,444
70,397
709
636
22
2,109
FISCALYEAR 2008 Water Electric Gas WWC WWT Refuse Storm Ext Svc Total
BeginningRSR $16,276 $7i,iii $8,406 $5,803 ($i2,596)$4,4i4 $2,186(454).$95,604
To(from) RSR (3,165)(9,834)3,727 224 5,311 (582)(3,570)(7,893)
Ending RSR i’i~i3,£li~ :~61,277i2;1331:(~;285);~- 3,832=; ~ (i~384). : ’~"87’711
RSR Minimum 4,942 35,913 13,150 2,737 2,898 2,507 N/A N/A 62,147
RSR Maximum 12,356 75,147 29,606 6,844 5,795 5,014 N/A N/A 134,762
RSR % of Maximum 106%82%41%88%-126%76%N/A N/A 65%
PROJECT
PROJECT TITLE NUMBER
Capital Project Fund
80471009 Golf Course Irrigation Pump, Motors and PG-07700
Control Panel Replacement
80471009 Golf Course Ddvthg Range Turf and PG-08001
Netting
50471011 Street Maintenance PE-86070
50471010 Mitchell Park Library PE-04012
80471008 Foothills Interpretive Center OS-07002
80471008 Foothills Park Maintenance OS-07003
80471008 Open Space Trails and Amenities OS-00001
Electric Fund
20020202 Park Blvd. Sub. Bus.EL-O0006
20020202 UG District 41 EL-03001
Exhibit H
CiO~ of Palo Alto
CAPITAL IMPROVEMENT PROGRAM PROJECTS
Fical }’ear 2008 Year-End Adjustments
REVENUE EXPENSE FUNDIN~ SOURCE COMMENTS
13,315 General Fund
(13,315) General Fund
(2,614)(2,614) Proposition 1B- Local Street and RoadImprovement
3,000 3,000 Utilities CARE Program
2,229 CIP Project’OS-00001 - Open Space
Trails and Amenities
9,161 CIP Project OS.00001 - Open Space
Trails and Amenities
(11,390) Infrastructure Reserve
386 386
(13,000)
(1,000,000)
20020202 UG Distdct 39 EL-03005 (50,000)
20020202 Colorado Sw Station 115k EL-05001
20020202 Relocation - Alma Sub Station EL-05003
20020202 UG Distdct 45 EL-06002
20020611 Fiber Optic Customer EL-06006
20020202 E. Meadow/Alma Loma EL-08002
20020202 Rebuild UG Distdct 22 EL-11005
20020201 Electric Customer Connections EL-89028
20020403 Communications System EL-89031
20020202 Substation Protection EL-89038
20020202 Substation Facility EL-89044
20020202 Electric System Improvements EL-98003
r~as Fund J
20020802 Compressed Natural Gas GS-00011
20020802 System Extension Operations -GS-03009
Unreimbursed
20020802 CNG Seq Fuel System GS-03010
20020802 EIweti Court Tenant Improvements GS-07000
20020802 Gas Meters and Regulators GS-80019
20020802 GMR Project 14 GS-04003
~VWC Fund ]
20021202 WC System Rehabilitation - Project 17
20021202 WC System Rehabititation - Project 18
20021202 Sewer Manhole Rehabilitation
WC-04002
WC-05003
WC-99013
To transfer appropriation from PG-08001 to PG-07700 te cover
expense over budget
To transfer appropriation from PG-08001 to PG-07700 to cover
expense over budget
To adjust budget to actual amount received
Increase revenue expense fue to additional revenue from Utilities
CARE Program (Consultant Assistance for Resource Efficiency
Program)
To transfer appropriation from OS-00001 to OS-07002 and OS-
07003 to cover expense over budget
To transfer appropriation from OS-00001 to OS-07002 and OS-
07003 to cover expense over budget
To transfer appropriation from OS-00001 to OS-07002 and OS-
07003 to cover expense over budget
Water Fund J
20021002 Reservoir Booster Station WS-01010
20021002 Distribution System Water Quality WS-01011
20021002 Booster Station Improvement WS-01012
20021002 WMR Project 16 VVS-02003
20021002 Existing Wel! Rehabilitation WS-02004
20021002 Water System Sampling WS-05002
20021002 Water Service Hydrant WS-80014
20021002 Water Meters WS-80015
20021002 WMR Project 19 WS-05001
(2,600,O00)
43,160
(172,677)
(133,572)
153,406
67,048
296,379
(51,872)
(60,029)
(327,853)
16,000
0 (3,833,010)
Electric Rate Stabilization Reserve
Electric Rate Stabilization Reserve
Electdc Rate Stabilization Reserve
Electdc Rate Stabilization Reserve
Electdc Rate Stabilization Reserve
Electdc Rate Stabilization Reserve
Electdc Rate Stabilization Reserve
Electric Rate Stabitization Reserve
Electhc Rate Stabilization Reserve
Electdc Rate Stabilization Reserve
Electric Rate Stabilization Reserve
Electdc Rate Stabilization Reserve
Electric Rate Stabilization Reserve
Electric Rate Stabilization Reserve
2,945 Gas Rate Stabilization Reserve
(305,409) Gas Rate Stabilization Reserve
31,765 Gas Rate Stabilization Reserve
39,292 Gas Rate Stabilization Reserve
(200,000) Gas Rate Stabilization Reserve
(78,869) Gas Rate Stabilization Reserve
(510,276)ok
312,870 WWC Rate Stabilization Reserve
(30,000) WWC Rate Stabilization Reserve
(300,000) WWC Rate Stabilization Reserve
(17,t30)ok
(94,450) Water Rate Stabilization Reserve
(41,690) Water Rate Stabilization Reserve
Water Rate Stabitization Reserve
(17,568)
(69,95I) Water Rate Stabilization Reserve
{6,891) Water Rate Stabilization Reserve
(13,848) Water Rate Stabilization Reserve
(150,000) Water Rate Stabilization Reserve
(100,000) Water Rate Stabilization Reserve
(807) Water Rate Stabilization Reserve
(495,205)ok
Page "1 of 1
Return portion of the appropriation back to Electdc Rate
Return portion of the appropriation back to Electdc Rate
Stabilization Reserve
Return portion of the appropriation back to Electric Rate
Stabilization Reserve
Return portion of the appropriation back to Electdc Rate
Stabilization Reserve
To provide additional appropriation to cover actual costs
Return portion of the appropriation back to Electric Rate
Retum portion of the appropriation back to Electric Rate
To provide additional appropriation to cover actual costs
To provide additional appropriation to cover actual costs
To provide additional appropriation to cover actual costs
Return portion of the appropriation back to Electric Rate
Retum portion of the appropriation back to Electdc Rate
Stabilization ReserveReturn portion of the appropriation back to Electric Rate
Stabilization ReserveTo provide additional appropriation to cover actual costs
To provide additional appropriation for a purchases order
Return poP, ion of the appropriation back to Gas Rate Stabilization
Reserve
To provide additional appropriation for a purchases order
To provide additional appropriation to cover actual costs
Return portion of the appropriation back to Gas Rate StabilizationReserve
Return portion of the appropriation back to Gas Rate Stabilization
Reserve
To provide additional appropriation for a purchases order
Retum portion of the appropriation back to WWC Rate
Stabilization Reserve
Return portion of the appropriation back to WWC Rate
Stabilization Reserve
Return portion of the appropriation back to Water Rate
Stabilization Reserve
Return portion of the appropriation back to Water Rate
Stabilization Reserve
Return portion of the appropriation back to Water Rate
Stabilization Reserve
Return portion of the appropriation back to Water Rate
Stabilization Reserve
Return portion of the appropriation back to Water Rate
Stabilization Reserve
Return portion of the appropriation back to Water Rate
Stabilization Reserve
Return portion of the appropriation back to Water Rate
Return portion of the appropriation back to Water Rate
Return portion of the appropriation back to Water Rate