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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Of the thirty different General Fund Divisions that comprise these Departments, six are budgeted at <br />amounts less than their 1995-96 budget level and a total of 15 have budgets less that 5% greater than the <br />previous year. <br /> <br />Factors contributing to the overall increase include the addition of new personnel that was discussed earlier <br />and increased costs associated with service levels that are dependent on number of customers served <br />(solidwaste, building permitting, etc.). There are also material and capital costs associated with the new <br />positions. <br /> <br />General Fund Overall Fund Condition <br /> <br />The projected end-of-year working capital balance for the General Fund is $4,666,332 which is <br />approximately 24.2%, or 88 days of budgeted expenditures (for the working capital calculation, the one <br />time transfer to the Transportation Fund and the Employee Health Services charges, which are funded by <br />each division, have been eliminated). The General Fund is just below the targeted working capital balance <br />of 90 to 120 days as outlined in the City's Financial Management Policies. <br /> <br />Utility Fund Revenues <br /> <br />The Utility Fund revenues for fiscal year 1995-96 are currently estimated at $5,925,306, which is $212,406, <br />or 3.72%, greater than our original budget projection. The revenues, by revenue category, for the current <br />fiscal year are shown below: <br /> <br /> Original Projection Current Estimate <br />Category 1995-96 1995-96 Variance Percent <br />Charges for Services 10,000 5,310 -4,690 -46.9% <br />Water 2,719,200 2,865,320 146,120 5.37% <br />Sewer 2,839,000 2,920,327 81,327 2.86% <br />Miscellaneous 200 0 -200 100.0% <br />Other Revenue 144.500 134.349 -10.151 -7.02% <br />Total Revenue 5,712,900 5,925,306 212,406 3.72% <br /> <br />Water and sewer revenues are dependent on seasonal factors such as rainfall. Rainfall varies between <br />"dry" years (about 40 inches or rain) and "wet" years (in excess of 70 inches of rain). Fiscal year 95-96 <br />proved to be a dry year for the City, which when coupled with increased housing stock, caused additional <br />water and sewer revenues. <br /> <br />1-9 <br />