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Organizational Changes Two organizational modifications are being recommended in the proposed budget. They included: 1. Upgrade of a Maintenance Specialist position to an Equipment Mechanic position. 2. Reclassification of an Account Clerk II to an Account Clerk III (see attached job description.) Transfer and Contingency Operating Transfer to Note Debt Serve Fund — The $120,478 that is usually transferred from the General Fund to makes these payments is not included in this year's budget. The note with the Conejo Valley Unified School District has been paid off. Funds to cover the payment to the City of Thousand Oaks were transferred in June 2000 when the 1999-2000 fiscal year budget was amended. 2. Other transfers have been explained under Modification To Final Budget section of this report. 3. Contingency — The appropriation for contingencies constitutes approximately 1.4 percent of the proposed operating budget. CAPITAL IMPROVEMENT FUND The attached Capital Improvement Projects are the same as those presented to the Board in June, with the exception of the changes noted in the Modification to Final Budget section of this report. INSURANCE TRUST FUND The estimated fund balance in cash in the Insurance Trust Fund, as of June 30, 2000, is approximately $1,465,661 held as a personal injury property damage liability loss reserve. The fund assets also include fixed assets and accounts receivable. The fixed assets include the ownership of the Administrative Office at 155 East Wilbur Road and the McCrea Ranch. The accounts receivable consists of $11,505 from employees for personal computer and orthodontia loans.