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Transfers from the General Fund
<br />
<br />This ~ogram includes a transfer of approximately $8,500,000 from the General Fund during FY 2001-
<br />02 and $5,500,000 in FY 2002-03. A total transfer of $34,200,000 is estimated for all five years of the
<br />program. Included in this amount is a one-time transfer of $3,500,000 in FY 1999-00 from the City's
<br />Capital Improvement Program Reserve (CIPR) to address project needs. The one-time transfer is
<br />consistent with previous Council actions which allocated revenue from this General Fund source to
<br />specific CIP projects. These funds will be used to pay for a variety of projects, including new and
<br />replacement equipment, facility improvements debt service payments, etc. In addition, the General Fund
<br />is used to meet the City's contribution to projects funded with Public Facility and Traffic Development
<br />Fees. The financial tables in Section 1 of the Appendix detail those projects funded with a combination
<br />of these revenue sources. A distribution of General Fund contributions over the five years of the
<br />program is as follows:
<br />
<br />ANNUAL GENERAL FUND CONTRIBUTIONS
<br />
<br />2001-02
<br />
<br />$5,000,000
<br />
<br />2002-03 2003-04
<br />$5,500,000 $6,100,000
<br />
<br />2004-05 2005-06 TOTAL
<br />$6,800,000 $7,300,000 $30,700,000
<br />
<br />The General Fund revenue in this CIP for FY 2001-02 and FY 2003-03 ($14,000,000) exceeds the
<br />amount projected in the Mid-Term budget ($11,200,000) by $2,800,000. The fluctuation results from
<br />the availability of the one-time CIPR transfer of $3,500,000 and adjustments to various fund transfers.
<br />
<br />Consistem with previous years, General Fund transfers are provided on an annual contribution basis to
<br />support CIP projects generally, and on a project specific basis as General Fund revenue becomes
<br />available through the CIPR. The table below illustrates the manner in which general fund money is
<br />transferred to the CIP.
<br />
<br />SUMMARY OF ONGOING GENERAL FUND AND CIPR TRANSFERS TO THE CIP
<br />
<br /> 2001-0~ 2002-03 2003-04 2004-0~ 2005-0~ Total
<br />Parks
<br />Annual Conm'bution $700,00{ $1,200,000 $700,000 $900,000 $900,00~ $4,400,000
<br />Transfer from CIPR for AIviso Adobe $1,160,00( $0 0 0 0 $1,160,000
<br />Transfer from CIPR for Val Vista $1,116,307 $0 0 0 0 $1,116,307
<br />Subtotal Park.~ $2,976,307 $1,200,000 $700,000 $900,000 $900,000 $6,676,307
<br />Miscellaneous
<br />Annual Con~'ibution $3,100,00{ $2,900,000 $3,845,000 $4,500,000 $5,000,000 $19,345,000
<br />Transfer from CIPR for Bernal Property Imp. $1,223,69.~ $0 $0 $0 $0 $0
<br />Subtotal Miscellaneou~ $4,323,692 $2,900,000 $3,845,000 $4,500,000 $5,000,000 $19,345,000
<br />Streets
<br />Annual Contribution $1,200,00( $1,400,000 $1,555,000 $1,400,000 $1,400,00~ $6,955,000
<br />Subtotal S~'eet~ $1,200,00( $1,400,000 $1,550,000 $1,400,000 $1,400,00(3 $6,955,000
<br />Total AIl Categories $8,500,000 $5,500,000 $6,100,000 $6,800,000 $7,300,00(3 $34,200,000
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