Enterprise Funds Budget Highlights

Enterprises provide a commodity or service that the specific users pay for through rates and fees. The City operates seven enterprise operating funds and their associated capital and debt service funds. Five funds; Aviation, Baseball Stadium, Golf, Refuse, and Water/Wastewater require no subsidies.

Transit and Parking Operating funds are subsidized enterprise funds. The goal for fund balance in these two funds is to maintain their fund balances at a 1:1 current ratio. Water/Wastewater Operating Funds have as their goal for a working capital balance, one month account receivables. The Refuse Disposal Operating Fund sets its goal for a working capital balance at 7.5% of anticipated operating revenues. The Golf Operating Fund and baseball stadium operating fund have a target working capital balance of 2:1 current ratio.

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Enterprise Funds Summary

611 - Aviation Operating Fund To account for the operations of Albuquerque International Sunport, the State's largest airport.

615 - Airport Revenue Bond Debt Servicing Fund To accumulate the monies to pay the debt service associated with the Albuquerque International Sunport.

621 - Joint Water and Sewer Operating Fund To account for the general operations of providing water and sewer services in the Albuquerque area.

622 - Sustainable Water Supply Operation Fund To account for operations involved in the development of a surface water supply.

631 - Joint Water and Sewer Debt Service Fund To accumulate the monies to pay the debt service associated with water and sewer services.

641 - Parking Facilities Operating Fund To account for the operations of the parking facilities owned by the City.

645 - Parking Facilities Debt Service Fund To accumulate the monies to pay the debt service associated with the parking facilities owned by the City.

651 - Refuse Disposal Operating Fund To account for the general operations of providing refuse removal services in the Albuquerque area.

655 - Refuse Disposal Debt Service Fund To accumulate the monies to pay the debt service associated with providing refuse removal services in the Albuquerque area.

661 - Transit Operating Fund To account for the operations of Suntran, the City's bus transit system.

671 - Apartments Fund To account for the sources and uses of City-owned apartments.

675 - Apartments Debt Service Fund To accumulate the monies for the debt service payments related to the Affordable Housing Projects Refunding Bonds, Series 2000.

681 - Golf Operating Fund To account for the operations of the City's four municipal golf courses.

685 - Golf Operating Debt Service Fund To accumulate the monies to pay the debt service associated with the City's golf courses.

691 - Baseball Stadium Operating Fund To account for operations of the baseball stadium.

695 - Baseball Stadium Operating Debt Service Fund To accumulate the monies to pay the debt service associated with the baseball stadium.

805 - Housing Authority Fund To account for the operations of the City's low-income housing program. Financing is provided by rentals of housing units and grants from the Department of Housing and Urban Development.