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MISCELLANEOUS <br /> Total <br /> Budgetecl Ending Fund Balance $ 2,948,891 <br /> Actual Fund Balance after Carryovers 3,755,759 <br /> Variance favorable /(unfavorable) $ 806,868 <br /> Park CIP Funds <br /> The Parks CIP Funds ended the year with a favorable variance of actuals (plus <br /> carryovers) to adjusted budget of $517,905. Revenues received exceeded budget by <br /> $374,942. The major contributing factor for the variance was the receipt of Park <br /> Dedication Fees exceeding budget by $417,401, of which $388,280 was received from <br /> Ponderosa Homes. On the expenditure side, $142,836 previously budgeted for the <br /> Main Street Green Public Art project was removed as the project is not proceeding. <br /> Budgeted funds for this project are being transferred back to the Public Art Acquisition <br /> Fund for future art projects. <br /> PARKS <br /> Total <br /> Budgetecl Ending Fund Balance $ 1,462,348 <br /> Actual Fund Balance after Carryovers 1,980,253 <br /> Variance favorable /(unfavorable) $ 517,905 <br /> Streets CIP Funds <br /> The Streets CIP Funds ended the year with an unfavorable variance of actuals (plus <br /> carryovers) to adjusted budget of $18,840. The majority of the cause for this variance <br /> was that total fee revenue (Tri Valley Transportation fees and Proposition 1B monies) <br /> received was approximately $340,000 less than budgeted. Two projects (traffic signal <br /> at Sunol Blvd and Owens Drive Improvements — Phase II) totalling approximately <br /> $320,000 were removed from the CIP. <br /> Page 4 of 5 <br />