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13 Affordable Housing Asset Fund - The Affordable Housing Asset Fund was established from the low/moderate housing activities from the former Redevelopment Agency’s Low/Moderate Housing Fund. At the end of 2011-12, the restricted fund balance is $150,922. Non-major Governmental Funds - The City’s non-major funds are presented in the basic financial statements in the aggregate. At June 30, 2012, non-major funds had a total fund balance of $17.5 million of which are all legally restricted for specific purposes by external funding. More information about these aggregate non-major funds can be found in the combining statements immediately following the required supplementary information. Proprietary Funds The City’s proprietary funds provide the same type of information found in the government -wide financial statements but in great detail. The total net assets of the enterprise funds increased by $1.9 million, mainly reflected in the Water Pollution Control Plant’s net income of $1.6 million. Net assets for internal service funds at June 30, 2012 amounted to $8.7 million, a modest increase of $555,000. Water Pollution Control Plant Enterprise Fund – The Water Pollution Control Plant Enterprise Fund was established to account for the City’s sewers, which protect public health and preserve water quality through collection, treatment, and disposal of wastewater and wastewater solids. As of June 30, 2012, the fund’s net assets totaled nearly $45 million, an increase of $1.5 million or 3.5%. The Water Pollution Control Plant completed a waste water rate study and increased fees by 5%. In addition to an increase in revenues, the expenditures increased by $2.5 million due to the Water Pollution Control Plant (WPCP) rehabilitation and expansion project. The WPCP was originally constructed in 1938 and several expansions and modifications have occurred since. The facility was designed to treat between 7.6 – 22.3 million gallons per day average flow – dry and wet weather flow. Thus improvements to the plant are needed to maintain a reliable operation and meet increasingly stri ngent regulatory requirements to avoid penalties. The administration control building will be upgraded and expanded for improved services, improved laboratory facilities, better accommodations for employees at the plant, and to be in compliance with Americans Disabilities Act (ADA) requirements. Shoreline Enterprise Fund - The Shoreline Enterprise Fund was established in 2002-03 by combining the Marina Enterprise and the Golf Course Enterprise Funds. The fund accounts for the operation of recreational berthing, food service facilities, and the public golf course. As of June 30, 2012, the fund’s net assets totaled ($2.8) million. The deficit has accumulated over many years and includes the transfer of golf course assets in 2003 pursuant to the City’s lease with American Golf Company. The deficit will be eliminated over the next several years through cost containment and revenue enhancement.