City of Morgan Hill Fiscal Years 2020- 2022 Recommended Operating and CIP Budgets
InterfundTransfers FY 2020-21 and 2021-22 (continued)
Transfer to Fund Transfer from Fund
FY 20-21
FY 21-22 Description
642 Sewer Rate Stabilization
640 Sewer Operations
-
150,000 Rate Stabilization
643 Sewer System Replacement
640 Sewer Operations
4,150,000
4,400,000 Sewer CIP/Debt Service on Sewer Bonds 232,980 Sewer CIP/Debt Service on Sewer Bonds
641 Sewer Impact
232,740
4,382,740
4,632,980
650 Water Operations
640 Sewer Operations
463,725
488,357 Sewer Share of Utility Billing Costs
652 Water Rate Stabilization
650 Water Operations
50,000
125,000 Rate Stabilization
653 Water System Replacement
650 Water Operations
4,350,000
4,350,000 Water CIP/Debt Service on Water Bonds 680,139 Water CIP/Debt Service on Water Bonds
651 Water Impact
496,279
4,846,279
5,030,139
760 Unemployment Insurance
795 General Liability Insurance
100,000
-
Unemployment Insurance
790 Equipment Replacement
010 General Fund
10,000
10,000 Police Firearms Replacement
791 Employee Benefits
010 General Fund
266,466 133,539 400,005
266,466 Other Post Employment Benefits (OPEB) 133,539 Other Post Employment Benefits (OPEB)
Various
400,005
Total Transfers
$
16,591,639
$
16,589,327
94 BUDGET SUMMARY
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