06 - Laserfiche WebLink

The Parks CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to adjusted budget of $163,448. Four items make up this difference. Although Measure B revenue was $13,983 lower, park dedication fees received were $19,414 more than expected, interest income was $105,888 more than expected, and reimbursement revenue for projects were $52,129 more than expected. Quarter Four Adjustments: Council is being asked to transfer $7,587 from project #007065 "Bernal Community Park Reserve" to project #987025 "Alviso Adobe Community Park" to cover the final project invoice. The invoice was paid after the project balance was closed out. Council is also being asked to approve a decrease of $61,600 in both revenues and expenditures in project #087049 "Vineyard Trail Project". This entry reverses the $61,000 adjustments made in error to the budget documents at mid -year and is merely a correction to the budget documents. Council is also being asked to appropriate $99,227, the estimated Measure B Fund 573 fund balance, to project #017037 "General Trail Improvements and Developments Lastly, Council is being asked to approve a $28,146 appropriation for project #087032 "Marilyn Kane Trail This amount represents the remaining interest and donation in Fund 572 for this project. PARKS Total Budgeted Ending Fund Balance 1,400,631 Actual Fund Balance after Carryovers 1,564,079 Variance favorable /(unfavorable) 163,448 The Streets CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to adjusted budget of $352,427. The primary reason for this positive variance is that overall revenues were $362,857 higher than expected. Although Measure B revenue was $50,369 lower, interest income was $199,250 higher, Proposition 42 revenue was $88,536 higher, Dougherty Valley mitigation fees were $24,300 higher, and City of Dublin reimbursements were $23,087 higher than expected. The City also received $46,959 from TVTC as their contribution to project #095034 "I- 580 at Foothill Road Improvements All other revenues combined were $31,094 higher than expected. On the expenditure side, City staff time spent on NPID projects was $7,799 more than expected and expenditures on project #075014 "Traffic Signal Vineyard at Pietronave Lane" were $2,631 more than budgeted. Quarter Four Adjustments: Council is being asked to approve $64,301 and $37,370 revenue increases to projects #005017 "Livermore 1580 Corridor" and #965999 "Signature —S Curve respectively, to correct the mid -year write -off of prior year uncollectible accounts receivables. Council is also being asked to appropriate $4,840 to project #805017 "Traffic Signal Equipment" to account for the purchase of a traffic Page 4 of 5