HomeMy WebLinkAboutStaff Report 453-10TO: HONORABLE CITY COUNCIL
ATTENTION: FINANCE COMMITTEE
FROM: CITY MANAGER
DATE: DECEMBER 21, 2010
REPORT TYPE: ACTION
DEP ARTMENT: ADMINISTRATIVE
SERVICES
CMR: 453:10
SUBJECT: Recommendation Regarding Adoption of Ordinance Authorizing
Closing of the Budget for the Fiscal Year Ending June 30, 2010,
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 review, provide input, and forward the attached
ordinance (Attachment A) and associated exhibits to the City Council for its approval to: close
the Fiscal Year (FY) 2010 Budget; authorize re-appropriation of FY 2010 funds into the FY
2011 Budget (Exhibits A & B); close completed capital improvement projects (Exhibit C); and
transfer remaining balances to the appropriate reserves (Table I for General Fund and Exhibits E
& F 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
At the conclusion of each fiscal year (July-June) the City must close the financial system for the
year and produce year-end financial reports. The reports along with financial data are reviewed
by Maze & Associates, an audit firm hired by the City Auditor. Maze & Associates, produces a
written assessment of the City'S year-end fiscal condition and this, together with other financial
infonnation, are what fonn the City's Comprehensive Annual Financial Report.
For FY 2010 staff gave the Finance Committee a high-level, preliminary FY 2010 year-end
update of fiscal condition on Oetober 5, 2010 (Attachment C CMR: 369: 10). There are no major
differences between the preliminary report and this report.
CMR:453:IO Page I of II
The attachments to this report provide the necessary documents for closing the FY 2010 Budget
and reauthorizing FY 20 I 0 funds for the current FY 20 II. In addition, they provide detailcd
information on the City's financial activities for FY 20 I O. This CMR highlights key fiscal issues
affecting the City of Palo Alto. The Management Discussion and Analysis (MD&A) chapter of
the CAFR (Attachment B) also provides a discussion and analysis of the City's current fiscal
health and includes financial statements, and performance information that is compared to the
prior year, and capital asset and debt administration data.
DISCUSSION
Economy
Like other cities throughout the eountry, the "Great Recession" adversely affected the City's
General Fund resources. High unemployment, the housing crisis, and low consumer spending
have hit City revenues hard. Although there are preliminary signs of stabilization in some
revenue categories sueh as transient occupancy taxes, the City continues to face declines or
uncertain revenue streams in its property, sales, and property transfer tax receipts. Challenges on
the expense side include: rising pension and medical costs; a significant retiree medical liability;
and a substantial infrastructure backlog. The City continues to be proactive as it struggles to
align revenues and expenses through service and program cuts, revenue enhancements, and
redueing expenditures through employee compensation and benefit changes. In 2010, the City's
General Fund reduced services, deleted full-time positions, pared benefits and drew modestly on
reserves to balance its budgct. For FY 2011, tlje City closed a $7.3 million GF budget gap. At
the end of FY 2010, the City had $27.4 million or 19.7 percent of its budgeted expenditures and
operating transfers for FY 2011, in its General Fund Budget Stabilization Reserve. A detailed
diseussion of the economy and FY 2010 revenues also is included in the CAFR MD&A page 3-
4. In addition, staff will present the 10 year Long Range Financial Forecast to the Finance
Committee in Febnlary 2011.
Results by Fund
General Fund .
The final FY 2010 result for the General Fund is a net loss of $1.8 million, which represents the
difference betwcen revenues and expenditures for one fiscal year. The difference between
revenues and expenditures, either a gain or loss changes the Budget Stabilization Reserve (BSR),
a component of the fund balance. FY 20 I 0 revenues were $4 million less than prior year
primarily from reduced sales tax revenue. Other financial transactions impact a fund's balance
sheet, which report the fund's assets, liabilities and fund balance. The General Fund balance
consists of a number of reserves; the BSR, encumbrances, notes and loans, inventory, and
prepaid items, unrealized gain on investment, and reappropriations. The $1.8 million loss, results
in a draw on the BSR. In addition to the $1.8 million draw on the BSR, the BSR balance will
inerease or decrease as the balances in the other reserves change. The net effeet of the draw on
the BSR of $1.8 million and transfers in from other reserves of$4.4 million is an increase of$2.6
million resulting in an ending BSR balance of $27.4 million or 19.7 percent of budgeted
expenditures and operating transfers for FY 2011. This percentage is within the Council
approved guidelines of 15 to 20 percent of budgeted expenditures.
CMR: 453:10 Page 2 ofll
At fiscal yearend, the fund balance for the General Fund totaled $41.5 million. This IS
comprised of reserves for:
Table 1
GENERAL FUND RESERVE SUMMARY ($OOOs)
FISCAL YEAR 2010
IRtrlr"~ Inventory Reserve
I Pnen"ld Reserve
IUnlresllize,d Investment Gain/Loss Reserve
IResel'\/e For Equity Transfer Stablization
CMR: 453:10
Balance
06/30/09
24,747
1,528
3,173
1,775
2,441
3,636
Net From
2,649
(98)
488
(285)
1,076
(3,636)
Balance
06/30/10
27,396
1,430
3,661
1,490
3,517
o
Page30fll
The following graph provides a snapshot of the General Fund BSR balance and percentage of
budgeted expenditures for the last ten years:
Graph 1
-------------------------------------------------
General Fund BSR & Percent of Budgeted
Expenditures FY 2001-2010
(in millions)
$30r-------------------------------------------------------------------------------1
$26 I-~==~--------------------------------
$20
$15
$10
$5
2001 2002 2003 2004 2005 2006
Fiscal Year
2007 2008 2009 2010 l $0
-------------------------------------------------------------
CMR: 453:10 Page40fll
The following graph provides a five-year comparison of major General Fuhd tax revenues,
Graph 2
Major General Fund Tax Revenues Fiscal Years 2006-2010
(in thousands)
$31,000 1---------"---,;::-------------
$26,000
$21,000
$16,000
$11,000 -
$6,000
$1,000
CMR: 453:10 Page 5 of II
The following graph provides a five-year comparison of General Fund department expenditures.
3
$35.000 .
General Fund Department Expenditures Fiscal Years 2006·2010
(in thousands)
(I) FY 2009 postponed a budgeted $4,8 million transfer to the Technology Fund, This one-time deferral was the General
Fund share of technology cost allocations and it will be add,'essed in a four year funding plan for all departments exeept
Fire, FY 2010 Fire Department expenditures include $1.2 million cost alloe.tions to the Technology Fund for FY 2009,
Details of the General Fund are discussed in the MD&A pp, 15·19,
The FY 2010 yearend Budget Amendment Ordinance (BAO) includes transfers of
unencumbered appropriation balances between General Fund Departments. These reallocations
(I) distribute non-departmental offsetting expense for the achieved $1.5 million in salary and
benefit savings that resulted from the SEIU contract imposed in October 2009; (2) distribute $1.7
million in attrition savings that was adopted in the midyear budget (CMR 150: 1 0); (3) and
reallocate remaining unencumbered appropriations to various departments that fell short after (I)
and (2) were complete. 'The table below depicts a before and after view of these General Fund
adjustments. Details of these reallocations can be found in the Detailed Changes to the Adjusted
Budget (Attachment A, Exhibit A),
CMR: 453:10 Page 6 of II
Table 2
General Fund Reallocation of Unencumbered Appropriations
(in thousands)
Budget
Remaining
BeforeAdj Change After Adj Actual Budget
City Attorney $3,383 ($127) $3,256 $3,216 $40
City Auditor 1,095 (20) 1,075 1,057 18
City Clerk 1,608 (65) 1,543 1,474 69
City Council 335 335 319 16
City Manager 2,654 (268) 2,386 2,327 59
Administrative Services 8,859 (807) 8,052 8,048 4
Community Services 22,216 (1,265) 20,951 20,846 105
Fire 26,621 1,576 28,197 28,180 17
Human Resources 2,906 (79) 2,827 2,778 49
Library 6,649 107 6,756 6,623 133
Planning 10,457 (336) 10,121 10,058 63
Police 30,219 (1,066) 29,153 29,090 63
Public Works 14,018 (523) 13,495 13,405 90
Non-Departmental 5,935 2,873 8,808 8,798 10
Transfers out 14,565 14,565 14,637 (72)
Total $151,520 $0 $151,520 $150,856 $664
Capital Projects Fund
For FY 2010, the Capital Projects Fund reported $25.9 million in expenditures and other uses, an
increase of $1.9 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 $83.8 million, an increase of $47.8 million. This increase is primarily from receipt of
funds from General Obligation Bonds, issued in June 20 I O. The bond proceeds will finance costs
for constructing a new Mitchell Park Library and Community Center, as well as improvements to
the Main Library and the Downtown Library. The City is proud to report that it received an
AAA credit rating from Standard and Poor's and Moody's. The true interest cost on these bonds
was 4.2 percent, which is 1.22 percent lower than originally projected ip 2008 and is an
indication of how well the bonds were received in the market. As of June 30, 2010, the
Infrastructure Reserve (JR) balance was $8.6 million, an increase of $1.6 million from prior year.
The Encumbrance Reserve is $5.9 million, $5.4 million less than the prior year. Reappropriation
Reserve balance decreased by $2.5 million from prior year for a total of $15.2 million. A new
reserve, Library Bond Project, has a balance of $53.5 million that represents the unused portion
of bond proceeds. Bond proceeds are maintained by a fiscal agent and the Library Oversight
Committee makes quarterly presentations to the City Council. A number of completed and
closed projects with remaining balances at the end of FY 20 10 totaling $108 thousand have been
returned to the Infrastructure Reserve. This provides an additional source of revenues to the IR.
CMR: 453:10 Pftge70fll
Overall, the following summarizes changes to the City's General and Capital Fund reserves:
• The General Fund B SR is 19.7 percent of budgeted expenditures and operating transfers
for FY 20 II. This percentage is within the Council approved guidelines of 15 to 20
percent and shows a closing balance of $27.4 million, an increase of $2.6 million from
the prior year.
• Budget transactions included in the attached ordinance decreased General Fund reserves
by $7 thousand.
• The Infrastructure Reserve has a final balance of $8.6 million at the end of FY 2010.
Since there is an infrastructure backlog and need totaling over $500 million, additional steps
will be needed to address infrastructure needs in the near future.
Enterprise Funds:
The Rate Stabilization Reserves (RSR) for the combined Enterprise Funds increased by a net of
$28.7 million for an ending balance of $87.9 million. Major changes include an $11.6 million
increase in the Water Fund, $6.6 million increase in the Electric Fund, and $5.4 million increase
in the Gas Fund. Exhibit F provides the balance changes for all reserve categories for the
Enterprise Funds. The City faces ongoing fiscal challenges in the Refuse Fund and they are
discussed further in the report. At the end ofFY 2010, a number of Enterprise Fund CIP projects
were completed and closed (ExhibiLC). The remaining balanceLof these projects reverted to
their respective reserves.
Water Fund
The Water Fund ended the year with a net income of $7 million, an increase of $2.1 million from
the prior year. At fiscal yearend, unrestricted net assets for the Water Fund totaled $28.7 million,
whieh inelude $17.0 million for RSR. The Water Fund also has restrieted eash and investments
of $27.9 million for the Emergency Water Supply project, funded by a bond issuance.
Electric Fund
For FY 20 10 the Electric Fund had a net income of $9.4 million compared to a net loss of $7.2
million in the prior year. The increase is mainly due to lower utility purchase cost of $11.8
million. Inc RSR balance is $54.3 million an increase of $6.6 million from the prior year.
Gas Fund
The Gas Fund ended the year with a net income of $7.9 million, a decrease of $2.6 million from
prior year. The decrease is primarily due to a 10 percent rate decrease effective July I, 2009 and
an increase in other financing activities of $2.2 million. The RSR has an ending balance of$18.5
million, an increase of $5.4 million from the prior year.
Fiber Optics Fund
The Fiber Optics Fund had a net income of $2.1 million, a decrease of $300 thousand from the
prior year. The ending RSR is $8.3 million an increase of $1.9 million from prior year.
CMR: 453:10 Page 8 of II
Wastewater Collection Fund
The Wastewater Collection Fund had a net income of $4.7 million compared to a net loss of $63
thousand in the prior year. The RSR ended the year with a balance of $6.8 million, compared to
$6 million for the prior year.
Wastewater Treatment Fund
Wastewater Treatment Fund ended the year with a net loss of $1.2 million compared to a net loss
of $3.2 million in FY 2009. The net loss is a draw on the RSR, resulting in a negative balance of
$12.4 million, compared to a negative $15.6 million for the prior year. A t fiscal yearend,
unrestricted net assets for the Wastewater Treatment Fund totaled $11.8 million. This was
comprised of reserves for:
Table 3
Rate Stabilization Reserve ($12.4) million
Reappropriations -Disinfection Facility Improvement Program $14.6 million
Reappropriations,-other projects $2.6 million
Emergency plant replacement $2.1 million
Commitments $4.9 million
The negative RSR balance is due to required accounting reserves of $14.6 million for the $20.3
miUion Disinfection Facility Improvement Program. As the Disinfection Facility Improvement
Program progresses, the City will be reimbursed with grant and partner revenue and the RSR will
move toward a positive position.
Refuse Fund
For FY 2010 the Refuse Fund had a net loss of $2.7 million, resulting in a draw on the RSR. The
prior year had a net loss of $5.4 million, FY 2010 saw a decrease in disposal fee income of $ Ll
million, and increased refuse collection costs. The prior year included $3,1 million of additional
costs due to an updated forecasted closure costs for the landfill. The ending balance of the RSR
as of June 30, 2010 is a negative $4,9 million compared to the prior year negative balance of
$2.1 million. The June 30, 2010 cash balance is $8 million, which satisfies the State requirement
of $6,7 million for post-closure liabilities. Council and staff are working together to implement
changes to the operations and rate strocture to bring the Refuse Fund to a positive reserve
position and to maintain the required cash position to satisfy the State requirement and ongoing
operations.
Storm Drainage Fund
The Storm Drainage Fund ended the year with a net income of $2.5 million, a decrease of $900
thousand from the prior year. The RSR had an ending balance of a positive $286 thousand
compared to a negative $1.1 million in the prior year.
CMR: 453;10 Pase 9 01' II
General Benefits and Insurance Internal Service Funds
As requested by the Finance Committee in Dec. 2009, the FY 2010 CAFR presents the General
Benefits Fund, Workers' Compensation Insurance Program, and General Liabilities Insurance
Program as separate funds. Prior to FY 20 I 0, these funds were reported as the General Benefits
and Insurance Fund.
Retiree Medical Fund and Trust Fund
For FY 20 I 0 the City's annual required contribution (ARC) for retiree medical costs is $9.8
million. During FY 2010, the City made direct contributions to CalPERS of $5.5 million in
current year retiree premiums, which covered 795 retirees. The City also contributed $1.7 million
during FY 2010 toward the California Employers' Retirees Benefit Trust (CERBT), and $1.8
million in early FY 2011 which was accrued for in FY 2010. As ofJune 30, 2010 the balance of
the trust, including the contribution made in August 2010 since it relates to the FY 2010 ARC, is
$34 million. The balance as of Sept. 30, 2010 reflects improvements in investment earnings.
Total contributions from inception of the trust are $38.1 million, investments loss is $188
thousand and administrative cost is $65 thousand for an ending balance as of Sept. 30, 2010 of
$37.8 million. The retiree medical liability per the January I, 2009 actuarial valuation was
$129.7 million, less the value of the trust, $37.8 million, and direct contributions to CalPERS of
$5.5 million leaves a net liability of $86.4 million. The next actuarial valuation of January I,
20 II will be presented to Council in early summer 20 II.
RESOURCE IMP ACT
Adoption of the attached budget-closing ordinance (Attachment A) allows for the re
appropriation and carryover of funding from the FY 20 I 0 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 E summarize 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.
Exhibit E reflects the changes to and status of major reserves.
POLICY IMPLICATIONS
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.
PREPARED BY: J~ <7~ TRUD EIKENBERRY
Accounting Manager, Administrative Services
CMR: 453:10 Page 100fli
DEPARTMENT HEAD APPROVAL:
LALOP
Director, Administrative Services
CITY MANAGER APPROVAL:
ATTACHMENTS
Attachment A: Budget Closing Ordinance
Exhibit A -Detailed Changes to the Adjusted Budget
Exhibit B -Fiscal Year 2009 Re-Appropriation Requests
Exhibit C -Capital Improvement Projects Completed and Closed in FY 2010
Exhibit D --General Fund Summary
Exhibit E -Enterprise Summaries
Exhibit F -Enterprise Reserve Summary
Attachment B: CAFR
Attachment C: CMR: 369: I 0 Fiscal Year 2010 Financial Update as of June 30, 2010
CMR: 453:10 Poge II ofl1
,
ATTACHMENT A
ORDINANCE NO. xxxx
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AUTHORIZING CLOSING OF THE BUDGET FOR THE
FISCAL YEAR ENDING JUNE 30, 2010
The Council of the City of Palo Alto does ordain as
follows:
SECTION 1. 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 15, 2009 did adopt a budget for fiscal
year 2010; and
B. Fiscal year 2010 has ended and the financial
results, although subject to post-audit adjustment, are now
available and are herewith reported in summarized financial
Exhibits "AU 1 "B" I "C" I "D" I "Elf I \\F" I and "Go 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 Manager during fiscal year
2010 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 between
divisions, cost centers, and objects within various
departments as authorized by the City Manager.
E. Fiscal Year 2010 appropriations which on July 1,
2009 were encumbered by properly executed, but uncompleted,
purchase orders or contracts.
Page lof 5
ATTACHMENT A
SECTION 3. The Council hereby approves adjustments
to the fiscal year 2010 budget for Fund Balancing Entries
as shown on attached Exhibit "A".
SECTION 4. The Council hereby re-appropriates
fiscal year 2010 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 2011 budget.
!
SECTION 5. The fiscal year 2010 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
2011 budget.
SECTION 6.
directed:
The City Manager is authorized and
A. To close the fiscal year 2010 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 ,2010 budget as adopted or amended by
ordinance of the Council; and
B. To close various completed Capital Improvement
Projects (CIP) as shown in Exhibit "c n and move all
completed CIP to their respective reserve funds indicated
in Exhibit "G"; and
C. To establish reserves as shown, in Exhibits "En,
"F" and "G" for all Funds as necessary to provide for:
(1) A reserve for encumbrances and re
appropriations in the various funds, the
purpose of which is to carry forward into
the fiscal year 2011 budget and continue, in
effect, the unexpended balance of
appropriations for fiscal year 2010
departmental expenditures as shown in
Exhibits "E" and "F"; and
(2) Reserves for Advances to
Stores Inventory, and other
accordance with ordinance
guidelines as shown in Exhibit
Page 2 of 5
Other Funds,
reserves in
and policy
"Ell; and
--_ ....... _-
ATTACHMENT A
(3) A reserve for general contingencies of such
amount that the City Council has approved;
and
(4 ) Reserves for utilities plant
other rate stabilization, and
accordance with Charter
guidelines as shown Exhibit "G u •
replacement,
reserves in
and policy
D. To fund the Budget Stabilization Reserve in
accordance with the General Fund Reserves Policy adopted by
the City Council.
SECTION 7. The Public Services Donation Fund is
hereby decreased by Twenty Two Thousand Three Hundred Seven
Dollars ($22,307) as described in Exhibit "AU. This
transaction will change the Public Services Donation Fund
Balance to $784,320.
SECTION 8. The Child Care Fund is hereby decreased by
Seven Thousand Two Hundred Eighty One Dollars ($7,281) as
described in Exhibit "Au. This transaction will change the
Child Care Fund Balance to $328,987.
SECTION 9. The Street Improvement Fund is hereby
decreased by Five Hundred Sixty Four Thousand Six Hundred
Twenty Eight Dollars ($564,628) as described in Exhibit
"Au. This transaction will change the Street Improvement
Fund Balance to $530,000.
SECTION 10. The Uni versi ty Avenue Parking Permit
Fund is hereby decreased by One Hundred Six Thousand Six
Hundred Forty Eight Dollars ($106,648) as described in
Exhibit "AU. This transaction will change the University
Avenue Parking Permit Fund Balance to $608,202.
SECTION 11. The California Avenue Parking Permit
Fund is hereby decreased by Ten Thousand Three Hundred
Seventy Three Dollars ($10,373) as described in Exhibit
"AU. This transaction will change the California Avenue
parking Permit Fund to $336,344.
SECTION 12. The College Terrace Parking Permit Fund
is hereby decreased by Three Thousand Three Hundred Sixty
Seven Dollars ($3,367) as described in Exhibit "Au. This
transaction will change the College Terrace Parking Permit
Page 3 of 5
ATTACHMENT A
Fund to $51,694.
SECTION 13 . The Local Law Enforcement Block Grant
Fund is hereby decreased by Fifty Two Thousand Seven
Hundred Twenty Eight Dollars ($52,728) as described in
Exhibit "Au. This transaction will change the Local Law
Enforcement Block Grant Fund Balance to $180,213.
SECTION 14. The Recovery Act JAG Fund is hereby
decreased by Eight Thousand Eight Hundred Twenty Dollars
($8,820) as described in Exhibit "Aft. This transaction will
change the Recovery Act JAG Fund Balance to $15,650.
SECTION 15. The Capital project Fund is hereby
increased by the sum of Nine Hundred Ninety Two Thousand
Five Hundred Forty Two Dollars ($,992,542) as described in
Exhibit "AU. This transaction will increase the
Infrastructure Reserve Balance to $8,648,354.
SECTION 16. The Electric Distribution Rate
Stabilization Reserve is hereby increased by the sum of One
Million Four Hundred Seventy Eight Thousand Eleven Dollars
($1,478,011) as described in Exhibit "AU. This transaction
will change the Electric Distribution Rate Stabilization
Reserve to $9,484,000.
SECTION 17. The Gas Distribution Rate Stabilization
Reserve is hereby increased by the sum of Forty Four
Thousand Six Hundred Twenty Dollars ($44,620) as described
in Exhibit "AU. This transaction will change the Gas
Distribution Rate Stabilization Reserve to $6,209,000.
SECTION 18. The Water Rate Stabilization Reserve is
hereby increased by the sum of Twenty Four Thousand Seven
Hundred Six Dollars ($24,706) as described in Exhibit "Au.
This transaction will change the Water Rate Stabilization
Reserve to $17,036,000.
SECTION 19. The Refuse Rate Stabilization Reserve is
hereby increased by the sum of One Hundred Seventy Eight
Thousand Seven Hundred Seventy Dollars ($178,770) as
described in Exhibit "Au. This transaction will change the
Refuse Rate Stabilization Reserve to negative $4,935,000.
SECTION 20. Upon completion of the independent audit,
detailed f statements reflecting the changes made
by the Sections 7 through 18 of this ordinance shall be
Page 4 of 5
ATTACHMENT A
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 21. 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.
SECTI;2j)1 22. The Council of the City of Palo Al to
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 23. As provided in
Palo Alto Municipal Code, this
effective upon adoption.
Section 2.04.330 of the
ordinance shall become
INTRODUCED AND PASSED:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
ATTEST:
City Clerk
APPROVED AS TO FORM;
City Attorney
Mayor
APPROVED:
City Manager
Director of Administrative
Services
Page 5 of 5
Fund
GENERAL FUND
City Attomey
Use Changes
City Auditor
Use Changes
City Clerk
Uee Changes
Citty Manager
Use Changes
Administrative Sen(lcea
Use Changes
Community Services
Use Changea
Fire
Use Changes
Human Servlees
Use Changes
Library
Use Changes
EXHIBIT A
CITY OF PALO ALTO
FISCAL YEAR ENDING JUNE 30, 2010 BUDGET SUMMARY
DETAIL CHANGES TO THE ADJUSTED BUDGET
Commitment
Item
Non Salary (55,1.26) Reallocation to Firs
Salary ___ .l:(7','1'C,6,,6~6L) Midyear Vacancy Savings
(127,014)
Salary __ ---2~ ~_ Midy •• "V."ancySavings
Non Salary (19.216) Reallocalion to Fire
Salary (15,33t) Imposed SEIU Terms
Salary ___ 1O(3"0",,5,,1,,,9)LMtdyear Vacancy SaVings
(56,166)
Non Salary
Salary
Salary
(87,625) Reallocation 10 Fire
(11,629) Imposed SEIU Terms
(168.402) Midyear Vacancy Savings
(267,666)
Non Salary (609,529) Reallocation to Fire/Library
Salary (96,700) Imposed SEIU Terms
Salary ___ j;(9~6o:,5:!..1~3:L) Midyear Vacancy Savings
(806,742)
Non Salary
Salary
Salary
(168,366) Reallocation to Fire
(376,626) Imposed SEIU Term.
(720,206) Midyear Vacancy Savings
(1,265,19B)
Salary 84,200 Reallocation (rom Police
Oeserl tion
Salary 1,531,514 Reallocation from various departments
Salary __ ..,.:("1~9,,,,34,,,O,,-) Imposed SEIU Terms
1,578,460
Salary ___ ("7,"9,,,,20~9,,-) Midyear Vacancy Saving.
j79,209)
Salary 318,571 RaaUocatlon from Police: and ASO
Salary (168,915) Imp_d SEIU Terms
Salary __ -'(1:!45",,=:26,,3;L) Midyear Vacancy Sa~n9.
106,393
Planning and Community Environment
Use Changes
Salary
Non Salary
Salary
Salary
192,857 Reallocation ffom Police
{20,OOO} Reallocation to Fire.
(229,150) Impol!<>d SEIU Terms
Midyear Vacancy Savings
Pag&10f4 12/1412010
Fund
Police
Use Changes
Public Works
Use Changes
Non Departmental
Use Changes
Net Changes To (From) Reserves
Fund Balancing Entries
Public Services Donations Fund
Use Changes
Net Changes To (From) Reserves
Fund Balancing Entries
Child Care Fund
I
Use Changes
Net Changes To (From) Reserves
Fund Balancing Entries
CAPITAL PROJECT FUND
Source Changes
Use Changes
Net Changes To (From) Reserves
EXHIBIT A
CITY OF PALO ALTO
FISCAL YEAR ENDING JUNE 30, 2010 BUDGET SUMMARY
DETAIL CHANGES TO THE ADJUSTED BUDGET
Commitment
Item
Salary
Non Salary
Salary
Non Salary
Salary
Salary
Salary
Non
Non
Non
Non
Non
Non
Salary
Salary
Salary
Salary
Salary
Salary
Salary
Salary
Salary
Deseri tlon
(587,000) Reallocation to Fire, Library, Planning and Public Works
(155.680) Reallocation to Fire
(322,872) Imposed SEIU Terms
(1,065,552)
(143,970) Reallocation to Fire
64,286 Reallocation from Police
(253.533) Imposed SEIU Terms
(189,703) Midyear Vacancy Savings
(522,920)
(325,000) Reallocation to Fire end Library
1,494,096 Imposed SEIU Term.
1,704,000 Midyear Vacancy Savings
2,673,096
____ --'-_ Changes in Budget Stebilization Reserve
1,615 Transfer to fund training
3,966 Trensfer to fund other supplies and materials
4,340 Transfer to fund training and safety
4,550 Transfer to fund recreation and housekeeping supplies
1,189 Transfer to fund printing and mailing services
___ --;;;6"',6,,4~7-Transfer to fund other contract services
22,307
(22,307)
Reserve Balance ___ ,,(2,,2"',3,,0"-7L) Decrease changes in Other Fund Balence
Non Salary
Non Salary
Non Salary
Non Salary
Non Salary
3,954 Transfer to fund programs and projects
1,506 Transfer to fund advertising and publishing
388 Transfer to fund other contract services
51 Transfer to fund travels and meetings
___ ---c:1",326:o2_Transfer to fund printing and mailing services
7,261
(7,261)
Reserve Belance ____ ("7",2,,6,,IL) Decrease changes in Other Fund Balance
Operating Trensfer
Non Salary
Salary
564,628 Transfer from Streetlmrpovement Fund for street maintenance
564,626
(107,719) To close various completed projects and return balance to reserve
(320,195) To return excess budget for salaries and benefils to reserve
(427,914)
992,542
Page 2 of 4 12114/2010
Fund
Fund Ba'anclng Entries
SPECIAL REVENUE FUNDS
S# ... tlinprov.n\.~tF,~nd
Use Changes
Net Changes To {From) Reserves
fund Balancing EntrIes
Uril ... ",liy Avenue Patl<lng Parmlt Fu~d
Use Ctlanges
Net Changes To (From) Reserves
fund Balancing Entries
contain', AVon.u. "aiklng permit Fund:·
Use Changes
Net Changes To (From) Reserves
Fund Balancing Entries
ColiogoTerra •• Parking P.rmlt lund .
UseChM9P
Net Changes To (From) Reserves
Fund Balancing Entries
Use Changes
Net Changes To (From) Reserves
Fund Balancing Entries
Use Changes
Net Changes To (From) Roa&fllml
fund Balancing Entrlos
ENTERPRISE FUNDS
Ele.tMfllnd .
Usa Changes
EXHIBIT A
CITY OF PALO ALTO
FISCAL YEAR ENDING JUNE 30, 2010 BUDGET SUMMARY
DETAIL CHANGES TO THE ADJUSTED BUDGET
Commitment
It&m Deser! tlon
Reserve Balance ___ ,,99,,2",,54~2,-lncre!l$e in Infrastructure Reserve
(564,626)
Reserve Balance (5'64,828) Decrease changes in Other Fund Balance
Operating TfanSfer ___ ~lOS6",,6;;4:;;8,-Transter to Refuse Fund
106,646
(106,e46)
Reserve Balance (106,648) Decrease Changes in Othet Fund Balanoo
Operating TranSfer ___ -,1"O"''3,,7,,3_Transfer to Refuse Fund
10,373
(10,373)
Res,erve Balance ___ .l.(l"0,,,,3,,7,,3L) Dacrease Changes in Other Fund Balance
Non Salary ___ ~3",,3,,6::;7_CitY membership
3,367
(3,367)
Reserve Balance ___ -"(3:c,3,,80!.71.) Oecro:ase Changes in Other Fund Balance
Non Salary 40,500 Transfer 10 fund program and computer expense
Non Salary ___ -cl;;2~,22~6-Transfer 10 non-capital tools and equipment
52.172.8
(~2,726)
Reserve Balance ___ .I!(6"Z",,7-,2,,6)LOecrease changes In Olher Fund Balance
Non Salary ___ ~8",a,,2,-,O_Tran&fer to instruction and training
6 1820
Reserve Balance ____ !"'8",8,,2,,0)LDecrease Changes in Other Fund Belance
Non Safary (1,478,011) To close completed projects and return balance to reserve
Page 30'4 1211412010
Fund
Net Changes To (From) Roaorvos
Fund Balancing Entries
Gaa Fund
Use Changes
Net Changes To (From) Roaervas
Fund Balancing Entries
Use Changes
Not Changes To (From) Reserves
fund Balancing Entrl05
Ref""oFtmd
Source Changes
Use Changes
Net Changes To (From) Reeorve&
Fund BalanCing Entrios
EXHIBIT A
CITY OF PALO ALTO
FISCAL YEAR ENDING JUNE 30. 2010 BUDGET SUMMARY
DETAIL CHANGES TO THE ADJUSTED BUDGET
Commitment
Item
Reserve Balance
DesGr! tiO"
1,478,011
1,478,011 Increase in DislObution RSR-Electric
Non Salary ___ .t;:""':::I-TO close completed projects snd ralum balance 10 reserve
Reserve Balance ___ -=44~.e~2~O_lncrease jn Distribution RSR-Gas
Non close cOtllp!eted pro1ects and return balance to reserve
Reserve Balance ___ -'2!!4!i;, '1f)~6,-lncrease Rate Stabllizalion ReoofVI3
Operating Transfer 106,648' Transfer from University Avenue Parking Permit Fund
Operating Transfer ___ .,.1;;O;.:,3,,7~3_Transfer from California Avenue Parking Pefmil Fund
117,021
Non St11ary ___ ~(6~1", 7~4~9~) To close completed projects and return balance to reserve
(61,749)
Reserve Balance 17th770 Increase Rate Stabilization Reserve
Page 4 014 1211412010
EXHIBITB
FY 2010 REAPPROPRIATION .""''U
$ COMMENTS/REASONS
AMOUNT INTENDED USE FOR NOT COMPLETING IN FY 2010 STATUS
City Manager's Office
$55,000. High Speed Rail Project This reappropriation is being requested for • Recommended $55,000, There is
staffing costs related to the High Speed Rail sufficient balance in the Fiscal Year
Project. Per CMR 267: I 0, Council approved 20 I 0 budget that can be
the appropriation of $55,000 from the FY 20 I 0 reappropr iated,
Council conlingency Ie fund these costs.
Planning Department
$40,000 High Speed Rail This reappropriation i8 being requested for Recommended $40,000. There is
Project contract services related to the High Speed Rail sufficient balance in the Fiscal Year
• Project which is a multi.year project that does 20 I 0 budget that can be
• not have an identified source of funding. In reappropriated.
FY 2010, this project was funded by the
Council contingency and was also absorbed by
the Planning Department budget. There is
remaining budget from the Destination Palo
Allo contract in FY 20 I O. Part of this
remaining amount is being proposed to be
reappropriated to the Hicll Speed Rail Proiect.
$40,000 Development Center This reappropriation is being requested for Recommended $40,000, There is
Raslructuring Project contract services related to the restructuring at sufficient balance in the Fiscal Year
the Development Center. Although it was 20 I 0 budget that can be
mandated by the City Council, this project does reappropriated.
not have a designated budget. There is
. remaining budget from the Destination Palo
Alto contract in FY 2010. Pm10fthis
remaining amount is being proposed to be
reappropriated to help complete this project.
Page I of4 12114/2010
$ COMMENTS/REASONS
AMOUNT INTENDED USE FOR NOT COMPLETING IN FY 2010 STATUS
Administrative Services
$50,000 Special Studies This reappropriation is being requested for the Recommended $50,000. There is
funding of special studies that arise related to sufficient balance in the Fiscal, Year
the Stanford Expansion, Palo Alto Airport, 2010 budgePhat can be
Cable Franchising, or other projects as reappropriated.
necessary. The budget for contract services in
FY 2011 is entirely comprised of funding for
specific identified contracts, leaving no room
for unanticipated contracts. Th is
reappropriation allows for funding for
assistance on special projects related to the
City's finances.
Utilities Department-Electric Fund
$2.000,000 Electric Efficiency This reappropriation is being requested to fund Recommended $2,000,000. There is
Financing Program an electric efficiency financing program for sufficient balance in the Fiscal Year
nonresidential cuslomers through a third party 20 10 budget that can be
contractor. On December 7, 2009, Council reappropriated.
approved using up to $2,000.000 from the
Calaveras Reserve to develop this four-year
pilot program (CMR 430:09). It was Council's
intent that these funds be used for a four-year
program and rolled over throughout the length
of the program. The contract is expected to be
signed by June 30. 20 I O. The program will
begin in Fall 20 I O.
$459,700 Customer rebates for This reappropriation is being requested to fund Recommended $459,700. There is
energy efficiency customer rebates for completion of energy sufficient balance in the Fiscal Year
projects effieiency projects. A very large number of 20 I 0 budget that can be
energy efficiency projecls are either committed reappropriated.
or projected to be completed, while only a
small percentage of projects have been
completed to date. Actual payment of rebates
will occur as the projects are completed in FY
2011. These energy efficiency projects support
Council's environmental soslainability
objectives.
Page 2 of4 12/1412010
$ COMMENTS/REASONS
AMOUNT INTENDED USE FOR NOT COMPLETING IN FY 2010 STATUS
$300,000 Customer rebates for This reappropriation is being requested to fund Recommended $300,000. There is
solar electric customer rebates for the installation of sufficient balance in the Fiscal Year
(photovoltaic) systems photovoltaic systems. SBI requires California 2010 budget that can be
eleclric utilities to offer incentives for solar reappropriated.
electric systems installed on customer facilities
after January I, 2007. Because there is
uncertainty hi knowing when a customer will
complete the solar installation, it is difficult to
match the rebate payments to each year's
program budget. The reasOn for this
reappropriation request is to carry forward
funds ftom FY 2010 to FY 2011 to help cover
the large amount of pend ing rebates. Each year
$1,300,000 is budgeted for this program.
Between January I, 2007 and May 19, 2010,
over $3,600,000 in rebates has been paid. The
program has reserved an additional $2,700,000
for pending applications.
Utilitie.~ Department-W(lter Fund
$54,000 Customer rebate This reappropriation is being requested for the I Recommended $54,000. There is
program for customer rebate program for water/energy sufficient balance in the Fiscal Year
water/energy reduction reduction projects. The Santa Clara Valley 20 I 0 budget that can be
projects Water District (SCVWD) currently offers reappropriated.
rebates for innovative water/energy reduction
projects through the existing Water Efficiency
Technology program. The goal of the program
is to encourage individuals to implement
innovative projects that will result in cost-
effective water/energy savings. This
reapprorpriation is being requested to expand
the program in Palo Alto in coordination with
SCVWD.
Public Works Department-Storm Drainage FlUId
$629,718 Stonn Drain Innovative This reappropriation is being requested fol' Recommended $629,718. There is
Improvements innovative stonn drain improvements. These sufficient balance in the Fiscal Year
funds must be reappropriated because they 20 I 0 budget that can be
have been specifically eannarked for reappropriated.
innovative stonn drain improvements per the
2005 Stonn Drainage ballot measure approved
by the Palo Alto property owners. These funds
have been budgeted for a storm water rebate
program that offers incentives to residents and
businesses to reduce stormwater runoff.
However, the rebate program has not generated
sufficient demand to spend the funds. Staff
plans to utilize the unused funds in FY 2011 for
an innovative storm drain improvement project
in the Southgate neighborhood.
Page 3 of4 1211412010
--_ ......... .
$ COMMENTS/REASONS
AMOUNT INTENDED USE FOR NOT COMPLETING IN FY 2010 STATUS
Administrative Services Department-Technology Fund
$94,000 Update of the City's This reappropriation is being requested for Recommended $94,0011. There is
Infomlation contract services related to the update of the sufficient balance in the Fiscal Year
Technology Strategic City's Information Technology Strategic Plan. 20 I a budget that can be
Plan This reappropriation is needed to supplement reappropriated.
the cost ofthc full project, which is to be
completed in FY 20 II.
$100,000 Infrastructure This reappropriation is being requested for Recommended $100,000. There is
Replacement infrastructure server equipment purchases and sufficient balance in the Fiscal Year
computer purchases. Not all of the 2010 budget that can be
infrastructure server equipment could be reappropriated.
purchased in FY201O. TheFY2011 budget is
noL adequate to cover the cost of all the
necessary servers to adequately serve the
organization. In FY 2011, purchases will be
usell for planned system upgrades of existing
servers. We plan on purchasing and
implementing HP Service Guard which will
allow us to enable our enterprise servers with
recovery capability.
Page 4 of4 12/1412010
NUMBER
\Zeneral Fund
FD-09001
PD-OaOOa
PD-04010
PD-04011
PO-05010
PD-93012
PE-05002
PE-95030
PL-02005
PL-07000
PL-07003
EI§gtrlc Fund
EL-05001
EL-03001'
EL-03005'
EL-03013'
EL-05003'
Gas Fund
00-07000'
Water Fund
WS-Ol0l0'
WS-Ol014'
Rafuse Fund
RF-09002'
EXHIBITC
City of Palo Alto
CAPITAL IMPROVEMENT PROGRAM PROJECTS
Completed and Oosed /11 FY 1010
TITLE
Fire Apparatus Equipment Replacement
Additional Fire Frequency
Fire Portable Radio Replacement
Civic Center Parking Security Upgrade
Police Vehicle Mounted Video Recording
Fire Communications Computer System
Main Library Reconfiguration
Downtown Garage Parking Structure
EI Camino 1 Ventura Traffic Signal
Downtown North Traffic Circle Hardscape
Cal Train Slation Connectivity Improvements
Colorado Sw Station 115Kv
Underground District 39
Underground District 41
Utilities Estimating System
Relocation -Alma Substation
Elwell Court Tenant Improvement.
Reservoir Booster Station
Reservoir Pump Stelion
Byxbee Park Gas System Upgrade
• Projects are closed, No expenditures were incurred in the current fiscal year.
Page 1 of 1
724
418
3,931
1,644
11,001
60,000
30,000
Total 107,718
1,143,983
54,987
261,880
15,094
2,067
Total $1,478,011
44,620
Total $44,620
24,644
62
Totat $24,706
61,749
Total $61,749
12/1412010
Taxes
Occupancy Tax
Fines & Penalties
for Services
on Investment
Other Agencies
10 Other Funds
Services:
Services
Site (B)
CAFR Reconciliation:
FYlOIO
Adopted
Budget
19,650
25,752
7,000
11,250
5,633
20,238
5,056
1,900
13,655
92
10,643
1,605
2,569
999
1,512
296
2,395
6,761
21,876
25,166
2,837
6,385
9,858
29,998
13,484
6,925
FY 2010
Adjusted
Budget
17,313
25,778
6,639
11,417
5,584
18,932
4,596
1,662
13,786
323
10,546
1,739
3,256
1,075
1,543
335
2,386
8,052
20,951
28,197
2,827
6,756
10,121
29,153
13,495
8,808
10,929
3,636
EXHIBIT 0
FY2010
CAFR B.,I,
nevlExp
17,991
25,982
6,858
11,2%
5,754
19,732
4,577
2,682
14,397
332
2,439
2,508
927
1,387
287
2,196
7,508
16,454
24,292
2,540
5,902
8,557
26,620
9,793
8,742
11,001
3,636
FY2010
Allocated
Charges
11,028
117
75
31
67
86
364
4,052
3,441
167
486
793
2,239
2,740
I
Current year eneumbrancc/rcappropriations
Prior Year encumbranceslreappropriations
CAFR Net Income
(A) .$3.636 Equity Transfer Stabilization Reserve transfer to GAS and Electric Funds,
(8) $S.9M Adjusted Budget includes $3,9M salary and benefit savings to be negotiated and achieved
Page 1 of 1
IIV 2010
Entum+
R •• pprop
nl.
lila
ul.
Ilia
ula
nla
ul.
nl.
ula
nl'
nla
nla
633
99
20
31
45
176
340
447
71
235
708
231
872
55
FYlOIO
Budgetary
Rev/E"p
17,991
25,982
6,858
11,296
5,754
19,732
4,577
2,68Z
14,397
332
11,028
2,556
3,216
1,057
1,474
319
2,327
8,048
20,846
28,180
2,778
6,623
10,058
29,090
13,405
8,798
3.965
(5,920)
(1.767)
FY 2010
Variance
Adj Budget
678
204
219
(121
170
800
1,020
611
9
482
817
41
19
70
17
60
5
105
17
49
133
63
62
90
10
12/14/2010
EXHIBIT E
WATER FUND ($000)
FY200i FY 2010 FY 2010 $ Variance
ActualfEnc Adjusted Actual/Ene Favorable
" ___ RI:t8PprOp au .... R • .,prop (Un','o,.)
REVENUE
Water sales 26,686 28,916 25,841 (3,075)
Other revenues 2,788 2,389 3,113 744
Bond Proceeds 35,000 34,958 (42)
Reappropriations I Ene 11,673 20,113 20,113 -
EXPENSES
Purchases 8,413 10,354 9,061 1,293
other Expenses 14,579 12,487 13,810 (1,323)
TOTAL OPERATING EXPENSES 22,992 22,841 22,871 (30)
Capital Expenses 28,110 48,655 49,155 (500)
Principal Payments 351 362 362 -
!lt~(~Jl!9I/1J;.R!i!\iI!VlI$il' :~~;~;~ji;~f;:,H:i(tt;:;:(~i-~'~m
I
ELECTRIC fUND
FY 200i FY 2010 FY 2010 $ Vartance
AclualfEnc Adjusted Actual/Ene Favorable
Re<lpprop Budget R.,pp,oP (Un',.o',1
REVENUE
E{ect,lc retail .al •• 105,483 112,624 111,140 (1,484)
Electric wholesale sales ----
Other revenues 24,452 20,735 19.535 (1,200)
Bond Proceeds -. -
Reapproprlations I Ene 7,551 10,900 10,900 -
EXPENSES
Purchases 82,348 77,719 88,713 9,006
NCPA & TANC Debl Sve 8,086 7,759 7,819 (60)
Other Expenses 43,453 49,011 44,870 4,141
TOTAL OPERATING EXPENSES 133,887 134,489 121,402 13,087
Capital Expenses 16,743 18,483 18,550 (67)
Prlncipat Payments 100 100 100 -
! ... I
Paga 1 of4 12114f2{}1{}
EXHIBITE
------~~~~-~~ ~ -~~ ~FiBER OPTICS FUNO-~ -~-~ ~ ---~---~
FY2009 FY 2tJ10 FY 2010 $ Varlancit
,Actual/Ene Adjusted Aetu~lIEnc Favorabl&
ReQDcroo B!.!~i!i Ro".W"p (Unfavo'·1
REVENUE
Revenues 3,796 2,990 3,593 603
Reappropriations I Ene 182 607 607 -
,>,y,; """'1
EXPENSES
Operating Expanses 1,710 1,387 1,510 (123)
TOTAL OPERATING EXPENSES 1,710 : 1,387 1,510 (123)
Capital Expenses 691
1
811 856 (45)
1i't'~)(ER:IAMt'l!!~~t$\i.+~Il$fSg;g;il$;Hil&i?'hi!"fIlmJ;I .. I
'"--'" , ·,hH __ ., __ -__ '" . ____ JgV~-j.lr"'~"-""" __ -L W/'1~/_ ~ _,_,1 .. _ I
GAS FUND
FY 2009 FY 2010 FY 2010 $ VarlaOCG
Actual/Ene Adjueted ActuallEne Favorable
Reapprop Budget Reap.,op IUnfavor,i
REVENUE
Gas retail sales 47,425 44,517 43.502 (1,015)
Gas wholesale sales ---~
Other revenues 2 1062 2,417 3.246 631
Reappropriation. I Ene 6.287 12.063 12.063 -
EXPENSES
Purchases 25.091 26,891 22.529 4,362
Other Expen ... 13.580 16,457 16,191 266
TOTAL OPERATING EXPENSES 36.671 43.346 38,720 4,626
Capital Expenses 17,953 14,329 14.284 45
Principal Payments 429 443 443 -
·"h" I
I I
Page 2; 0(4 12/14/2010
--_ .. _-------------
-EXHIBITE
---------~ ~----
WASTEWATER COLLECTION FUND . I FY2009 FY2010 FY 2010 $ Variante
AetuellEnc Adjusted Actualtenc Favorabl&
Reapprop Budjl!! .... R •••• ",. iUnfavor,j
REVENUE
Revenues 15,466 15,988 15,914 (74)
Reapproprialions I Ene 6,845 7,122 7,122 -
EXPENSES
Sewer Treatment Exp_ 6,131 7,933 6,519 1,414
Opera1ing Expenses 4,785 4,623 4,244 379
TOTAL OPERATING EXPENSES 10,916 12,556 10,763 1,793
Cap.al Expenses 11,246 10,908 11,441 (535)
Principal Payments 58 61 61 -
,:i"
.".,,'>
I . v.I"· ',,, .
WASTEWATER TREATMENT fUNO
FY 2.009 FY 2010 FY 2010 $ Variance
Acfual/Ene AdJusWd Actual/Ene Favorable
Reapprop 8uduet Reapprop tUnfavor.}
REVENUe
Operating Revenues 23,814 21,987 17,550 (4,437)
Restricted Bond Proceeds ---
Loan Proceeds 2,210 -4,528 4,528
Reappropriation. I Ene 15,733 26,298 26,298 -
Bonded ReapprolEncum 17 ---
'1'11111 I
eXPENSES
Operating Expenses 15,570 19,572 18,122 1.450
TOTAL OPERATtNG EXPENSES 15,570 19,572 18,122 1,450
Capital exp.n ••• 34,577 26,890 26,654 236
Principal Payments 367 384 384 -
T
Pag&30f4 12/14/2010
EXHIBITE
~.~~---~-~ .. ---~-~---.~~--~-~ ~~ ~
REFUSE FUND
FY m9 FY.2;01{) FY 2010 $ Var/anci}
Actual/Ene AdJLls~ Actual/Ene Favorab!ft
ReallDf'OD Budi<n ReaDJ)()!) IUnfavor.l
R~V~NUE
Revenues 30,022 37,323 29,163 (8,160)
Reappropriations J Ene 1,874 3,021 3,021 .
EXPENSES
Payments to GreenWaste 9,504 15,070 12,476 2,592
Other Expenses 26,334 22,256 19,582 2,674
TOTAL OPERATING EXPENSES 35,838 • 37,326 32,060 5,266
Caplla' Expenses 2,720 I 3,890 2,207 1,683
lilII'\11t(l!OC\'ltIJl"!!s.Vi*$''''mii:i1'·'''/;:'Xil''<~X~'~~2i I
j, ,L ,,',""",','_, __ -,_n-(--\j& ____ !,,_,,_~_._'" 'I
STORM DRAINAGE FUND
FY 2009 FY2010 FY .2010 $ Variance
AcluallEnc Adjusted ActualJEne Favorable
Reapprop Budget Reapprop (~!?!~
REVENU~
Revenues 5,824 5,651 5,815 164
Reapproprlallons I Enc 4,683 2,305 2,305 -
EXPENSES
Operaling Expenses 2,418 3,913 3,292 621
TOTAL OPERATING EXPENSES 2,418 3,913 3,292 621
Capital Expenses 7,418 3,748 3,039 709
Principal Payments 385 405 405 -
Page4of4 12/14/2010
EXHIBIT F
RESERVE SUMMARY ($000)
FISCAL '(fAR 2010 Electric Fiber Gas WWC WWT Refu5e Storm
Beginning Reserves $6,400 $118,468
General RSR $17,037
Supply RSR
Dlstnbutkln RSR
Total RSR 17,037
. Emergency Plant Replace 1,000
iCelaveras
Underground loan
Conservation loan
landfill Corrective Action
Shasta rewind loan
44,855
9,484
54,339
1,000
59,865
731
$7,436 $14,182 $7,001 ($13,442) ($2,194) ($1,098)
$8,270 $6,772 ($12,386). ($4,935) $286
12,339
6,209
8,270 18,548 6,772 (12,386) (4,935) 286
1,000 1,000 1,000 2,160
658
$136,753
$15,044
57,194
15,693
87,931 •
7,160 •
59,865 .
731
658
Central Valley Project 306 306 i
PubliC Benefit Program 3,750 3,750
ij~~rrill;~_~~imtf4?if1i~~:~~~~~::m'i!iWI~~lR~rt~11!ll~~~]i\~~4l!1im!t~~~~~rR~f~~~Jmm(~l~W)IS'J~~~_~Jr:W~~{~~;tq!l}J
FISCAL YEAR 2010
RSR Minimum
RSR Maximum
RSR % of Maximum
RATE STABILIZATION RESERVE
Water Electric Fiber Opt!a Gas
4,317
8,634
197%
45,721 547
1,367
605%
9,399
18,798
99%
Page 1 of 1
wwc
2,151
4,303
157%
WWT Refuse Storm
3,199
6,397
-194%
3,242
6,483
-76%
N/A
N/A
N/A
Total
68,576
137,424
64%
1211412010