Enterprise Fund Balances

Fiscal Year 2022 Operating and Capital Budget

For a downloadable PDF collection of the fund balance schedules listed on this page, click here.

An image depicting a summary of fund balance changes for the Golf Courses Fund between 2020 and the expected budget year of 2022.

The FY2020 Actuals fund balance decrease is primarily due to decreased revenues due to the Covid-19 Pandemic. The FY2021 Projected fund balance increase is primarily due to increased revenues and slightly lower operating expenses.

An image depicting a summary of fund balance changes for the Parking Funds between 2020 and the expected budget year of 2022.

The FY2020 Actuals and FY2021 Projected fund balances decrease is primarily due to reduced parking revenues due to the Covid-19 Pandemic. The FY2021 Projected decrease was partially offset by an increase in parking rates that took effect on December 1, 2020. The FY2022 Recommended fund balance increase is primarily due to not funding capital projects from rates until the completion of a structure study that will assist in the formulation of future capital projects.

An image depicting a summary of fund balance changes for the Solid Waste Fund between 2020 and the expected budget year of 2022.

The FY2020 Actuals fund balance decrease is attributable primarily due to the Covid-19 Pandemic. The FY2021 Projected fund balance decrease is attributable primarily due to outages at the McKay Bay Waste-to-Energy Facility for repair and maintenance. The FY2022 Recommended fund balance decrease is primarily due to funding capital projects.

An image depicting a summary of fund balance changes for the Wastewater Funds between 2020 and the expected budget year of 2022.

The City Issued the Series 2020 Water and Sewer Revenue and Refunding Bonds during the summer of 2020. The bonds were structured to take advantaged of historically low interest rates. As a result, projects that were originally funded with Water and Wastewater rates are now funded with bond proceeds. This has resulted in increased fund balances for FY2020 Actuals and FY2021 Projected. The FY2022 Recommended fund balance decrease is primarily due to increased funding of capital projects from rates.

An image depicting a summary of fund balance changes for the Water Funds between 2020 and the expected budget year of 2022.

The City Issued the Series 2020 Water and Sewer Revenue and Refunding Bonds during the summer of 2020. The bonds were structured to take advantage of historically low interest rates. As a result, projects that were originally funded with Water and Wastewater rates are now funded with bond proceeds. This has resulted in increased fund balances for FY2020 Actuals and FY2021 Projected. The FY2022 Recommended fund balance decrease is primarily due to increased funding of capital projects from rates.