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Water Pollution Control Plant Enterprise Fund The Water Pollution Control Plant Enterprise Fund was established to account for the City’s sewer system, which protects public health and preserves water quality through collection, treatment, and disposal of wastewater and wastewater solids. As of June 30, 2022, the Fund’s net position totaled $64.2 million, an increase of $4.1 million primarily due to the decrease in operating expenses by $3.3 million. The decrease was due to a decrease of pension expense of $2 million. 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 boat berthing, food service facilities, and the public golf course. As of June 30, 2022, the Fund’s net position totaled $6.5 million, an increase of $1.4 million or 27.5%. Net position for the prior year was $5.1 million. Non-major Enterprise Funds The City’s non-major enterprise funds include Storm Water and Environmental Services. As of June 30, 2022, net position for non-major enterprise funds decreased by 101.4%, or $0.5 million, due to decrease in the Storm Water Fund of $0.5 million and an increase of $0.01 million in the Environment Services Fund. More information about these aggregate non-major enterprise funds can be found in the combining statements following the required supplementary information. GENERAL FUND BUDGETARY HIGHLIGHTS The General Fund ended the fiscal year with revenues below final budget projections by 6.2% or $8.9 million. The decrease was due to ARPA revenues budgeted in fiscal year 2022, that were not received until fiscal year 2023. Expenditures were 17.4% or $23.4 million below final budget projections. Unspent budget balance represents open purchase orders, ongoing ARPA projects, and deferred purchases that will incur in future fiscal years. 15