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� <br /> Red <br /> CIt� Ce6ear1ee <br /> �' Enter rise Funds - W ater <br /> p <br /> � Status of the Fund <br /> - Begin new fiscal year w ith em ergency reserve <br /> o f$ 2,0 m illio n <br /> - In addition, accum ulated revenues for active <br /> conservation program estim ated at $0,6 to <br /> $ 1 ,1 m illio n <br /> -$5 m illion carries over in Recycled W ater <br /> project account, pending financing plan and <br /> revenue bond sale for Phase One <br /> - Goal; $8 m illion drought shortage contingency <br /> fund balance <br />