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C i t y o f R e d w o o d C i t y <br />Budget Study Session <br />FY 2007/08 <br />Enterprise Funds -Water <br />Status of the Water Enterprise Fund: <br />? <br />Sound fiscal condition, with $8.3 million rate <br />– <br />stabilization reserve. <br />Begin new fiscal year with emergency operating <br />– <br />reserve of $2.0 million. <br />Accumulated revenues for active conservation <br />– <br />program estimated at $1.4 million <br />6 <br />