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BACKGROUND City Council adopted the 2009 -10 through 2012 -13 Capital Improvement Program on June 16, 2009. Since that time there have been a number of budget amendments either for approved carryovers or through various agenda actions accepting grants and other changes. This report recommends additional adjustments to revenue estimates, transfers and expenditure appropriations in the CIP for FY 2009 -10. DISCUSSION Capital Improvement Program Overview The worksheets on pages A -1 through A -9 in Appendix A reflect recommended Mid- year FY 2009 -10 amendments to the CIP budget. Appendix B worksheets show the detail of the adjusted FY 2009 -10 CIP budget after these amendments are adopted. With regards to the Mid -year amendments recommended on pages A -1 through A -9, it should be noted that all amendments that were already approved by the City Council are shown in italics on the worksheets. The Streets CIP on pages A -1 to A -3 reflect: A reduction in the projected revenues from Traffic Development Fees and Tri- Valley Transportation Fees to reflect the actual development fees collected through December 31 an increase in grant revenue of $1,126,711 for a federal American Recovery and Reinvestment Act of 2009 (ARRA) approved grant and a $70,449 increase for a Transportation Development Act grant, a net decrease in subvention revenue that reflects updated information, and a $112,500 increase in projected interest income earnings. Expenditure budget transfers between projects due mostly to the closing of completed projects that were accepted by the City Council. A total increase in projected expenditures. This increase includes $1,126,711 for the Overlay of Various City Streets project and $70,449 for the Bicycle and Pedestrian Related Improvement project, both funded by the increase in grant revenues noted above and previously approved by the City Council. The expenditure increase also includes a $600,769 reclassification from the Ending Street Fund Balance to project #985090 to reflect total reimbursements received from the City of Dublin from FY06 through December 31 for the I- 580 /Hacienda and I- 580 /Santa Rita Road interchange projects. These funds are for future streets projects. The net effect of the Mid -year amendments is a $597,495 decrease to the estimated Streets CIP ending fund balance. The Parks CIP on pages A -4 to A -5 reflect: A reduction of the projected revenues from Park In -Lieu Fees to reflect the actual fees collected through December 31st, a net decrease in grant reimbursement of $45,658 due to Valley Avenue Pedestrian and Bicycle Path project expenditures being less than expected, a $74,600 increase in projected interest income earnings, and a $45,000 correction of prior year revenue. A $53,470 transfer from the Streets Developer Fund of residual interest from the completed Trail along Arroyo del Valle Street project with a corresponding budget increase in the General Trail Improvements and Developments project. Page 2 of 4