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The table below lists revenues by source and year and expenditures and balances by year.
<br /> SOURCES OF FINANCIAL RESOURCES, EXPENDITURES AND FUND BALANCES
<br /> FY 2009 -10 FY 2010 -11 FY 2011 -12 FY 2012 -13 TOTAL
<br /> I3eginning Balances 18,835,445 13,842,130 12,019,063 12,964,813 18,835,445
<br /> Gas Tax, Measure 13 and
<br /> Highway Funds 2,966,771 2,958,800 2,527,500 2,527,500 10,980,571
<br /> City Development Fees* 449,903 3,627,787 4,991,716 1,232,535 10,301,941
<br /> City Utility Connection
<br /> Fens* 70,327 319,403 339,593 127,500 856,823
<br /> Non City Development Fees 66,476 162,782 204,076 80,540 513,874
<br /> Grants and Miscellaneous 240,000 0 0 0 240,000
<br /> Annual General Fund
<br /> Contribution to CIP 0 0 1,500,000 2,000,000 3,500,000
<br /> Transfers from Other Funds 2,509,555 2,414,194 3,117,844 3,214,489 11,256,082
<br /> Interest Earnings 594,500 551,000 495,000 490,500 2,131,000
<br /> Financial Resources 25,732,977 23,876,096 25,194,792 22,637,877 58,615,736
<br /> City Development Related
<br /> Fees Transferred to Next
<br /> Fiscal Year (520,230) (3,947,190) (5,331,309) (1,360,035) (11,158,764)
<br /> City Development Related
<br /> Fees Transferred from Prior
<br /> Fiscal Year 0 520,230 3,947,190 5,331,309 9,798,729
<br /> Transfer to Other Funds (2,632,129) (2,211,959) (1,395,860) (983,261) (7,223,209)
<br /> Total Financial Resources 22,580,618 18,237,177 22,414,813 25,625,890 50,032,492
<br /> Expenditures 8,738,488 6,218,114 9,450,000 8,023,253 32,429,855
<br /> Ending Balance 13,842,130 12,019,063 12,964,813 17,602,637 17,602,637
<br /> *Represents fees projected for calendar year 2009. These fees are available for fiscal year 2010 -11.
<br /> Total available financial resources, including beginning fund balances, projected in the first two years of
<br /> this CIP are $22,580,618 for 2009 -10 and $18,237,177 for 2010 -11 for a total of $40,817,795 over the
<br /> two funded years of this program. Of this amount, as noted above, a total of $18,835,445 is in fund
<br /> balance from past CIP's and from development revenue collected in calendar year 2008. As a result, of
<br /> the 522,580,618 in total Financial Resources in 2009 -10, a total of $6,831,056 (30 is anticipated new
<br /> revenue. This contrasts with the 2007 -08 CIP which projected $20,663,969 in anticipated new revenue
<br /> for the first year of that CIP. While there a number of reasons for this difference, the major contributors
<br /> include no General Fund Transfer (2007 -08 included $7 million) additional development fee revenue,
<br /> and a one time transfer of 53.8 million to assist with the purchase of the Downtown rail corridor. The
<br /> following chart provides a graphic representation of a comparison between the first two years of this CIP
<br /> with the budgets from the two previously approved programs.
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