FY2009- 2010_Budget Document - Laserfiche WebLink

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Parks Administration – this division increased due to the absorption of 70% of the customer service position which was in the Sylvan Beach Pavilion Fund. The computer lease and maintenance fees also increased since the computer that was formerly allocated to the Sylvan Beach Pavilion Fund has been reallocated to the Parks Administration Division. This division also absorbed software fees that were formally part of the Technology Fund. Planning Department: Planning & Engineering – personnel adjustments associated with the salary study are the primary reason for the increase in this division. GIS Division – personnel adjustments associated with the salary study are the primary reason for the increase in this division. Additionally, this division includes updating the aerial photography from HGAC for FY2010. Inspection Services – personnel adjustments associated with the salary study are the primary reason for the increase in this division. Another factor driving the increase in personal services is an increase in certifications for the Inspectors. General Fund Overall Fund Condition The projected end-of-year balance for the General Fund is $10,884,924 which is approximately 33%, or 121 days of budgeted expenditures, which is above the targeted reserve of 90 to 120 days as outlined in the City's Financial Management Policies as adopted by City Council. Utility Fund Revenues The Utility Fund revenues for fiscal year 2008-09 are currently estimated at $8,053,449, which is $316,495 or 3.78%, less than our original budget projection. The revenues, by revenue category, for the current fiscal year are shown below: OriginalCurrent ProjectionEstimate Category 2008-09 2008-09 Variance Percent Other5,500 5,500 - 0.00% Water4,804,500 4,622,628 (181,872) -3.79% Sewer3,533,900 3,350,098 (183,802) -5.20% Transfers- 46,123 46,123 0.00% Interest 26,044 29,100 3,056 11.73% Total 8,369,9448,053,449(316,495) -3.78% Water and sewer revenues are dependent on seasonal factors such as rainfall. Rainfall varies between “dry” years (about 40 inches of rain) and “wet” years (in excess of 70 inches of rain). Fiscal year 2008-09 has been a dry year for the City overall; however, water revenues are expected to be down due to a decrease in outside water sales. The revenues for the new fiscal year are projected at $8,288,732, which is $81,212, or 0.97%, lower than they were in the current year. The decrease is mostly attributed to adjustments for current year revenues, such as the decrease in outside water sales. The revenues, by revenue category, for the new fiscal year are shown on the following page: