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the CIP for FY 2011-12 Staples Ranch related projects. In addition, transfers out of the CIP have been reduced reflecting a decision to make debt service payments from the General Fund directly. This decision eliminates the previous practice of transferring General Fund and other revenues to the CIP to support the debt service which was then transferred out of the CIP for payment. The new process improves accounting of the debt service and allows it to remain in the Operating Budget. It should be noted that the above expenditures do not include the $3.091 million that will be made from the existing In Lieu Park Dedication Fee reserves to pay for the City's share or the Staples Ranch Neighborhood Park land acquisition or the $3,156,661 that will be made from existing fund reserve balances and CIP interfund transfers to complete the Dolores Bengtson Aquatic Center Improvements (see page 48). Staff felt it appropriate to not include these as new expenditures since it would involve interfund transfers in the CIP which may be misleading as it would give the impression of inflated CIP revenues. A description of the funding plan for the Dolores Bengtson Aquatic Center is discussed later in this document. III. SUMMARY OF THE MAJOR REVENUE SOURCES Beginning Balances Beginning balances are developed based on revenue estimated to be available effective July 1, 2011. The beginning balance for all project categories for this CIP is $19,040,305. The beginning balances are derived from available revenue from preceding years, from available development fee revenue collected calendar year 2010, from the close out of CIP projects funded previously that are no longer a priority and the ending balances from completed projects. Beginning balances for each CIP section are included in the detailed financial tables located in the Appendix. State and Local Gas Tax and Highway Related Revenue Gas taxes and Highway revenue is used for street repairs and improvements and placed in the Streets section of the CIP. In addition to the Gas Tax collected annually from the state gas taxes, this CIP includes funding from Measure B and Proposition I B. Gas tax revenues are allocated annually to cities on a statewide allocation formula which is based primarily on a population. These funds, which can be used for new construction or repair and maintenance of existing street systems or street lighting, are determined by the amount of gas sold in the state. A summary of Street related revenue is detailed below. 10