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Miscellaneous CIP
<br /> Recommended Midyear adjustments to the Miscellaneous CIP funds include increases
<br /> in projected revenues ($357,053), net transfers ($1,760,252) and expenditures
<br /> ($1,855,595). Revenue changes are due primarily to increases in projected Public
<br /> Facility Fees ($200,188) and cemetery vault sales ($153,425). Net transfers are mainly
<br /> due to the General Fund paying directly to the debt service funds the debt service for
<br /> the 2003 and 2004 Certificates of Participation ($791,760) and reversing a transfer from
<br /> the Golf Course Fund ($419,063) to properly account for the monies received from the
<br /> property owners surrounding the Callippe Golf Course. These funds will be further
<br /> analyzed and used to reimburse the Sewer and Water funds for the advancement of the
<br /> funds in 2003 to construct the utilities in the area surrounding Callippe Golf Course.
<br /> The increase in expenditures is due to properly accounting for the future payments due
<br /> on the purchase of the Alameda County Transportation Corridor.
<br /> _ Miscellaneous CIP Funds
<br /> 2010/11FY Recommended 2010/11FY
<br /> Adjusted Midyear Midyear
<br /> Budget Adjustments Bud•et
<br /> Beginning Fund Balance $ 15,058,896 $ 15,058,896
<br /> Plus Revenues 666,881 $ 357,053 1,023,934
<br /> Transfers In 1,462,681 1,462,681
<br /> Transfers Out 2,104,823 (297,571) 1,807,252
<br /> Less Expenditures 12,606,579 1,855,595 14,462,174
<br /> Ending Fund Balance $ 1,014,375 $ 261,710 $ 1,276,085
<br /> Parks CIP
<br /> Recommended Midyear adjustments to the Parks CIP funds include increases in
<br /> projected revenues ($523,933), net transfers ($178,227) and project expenditures
<br /> ($2,916). Revenue increases are due to an increase in projected Park Dedication Fees
<br /> ($299,433) and the receipt of a state grant for the reimbursement of prior years'
<br /> expenditures related to the Alviso Adobe Community Park project ($291,000). Revenue
<br /> increases were offset by a reduction of projected interest income of $66,500. Net
<br /> transfers are $178,227 and mainly include transfers from the developer contributions
<br /> fund of $121,063 to fund landscaping around the detention ponds on the Bernal
<br /> Property.
<br /> _ Parks CIP Funds
<br /> 2010/11FY Recommended 2010/11FY
<br /> Adjusted Midyear Midyear
<br /> Budget Adjustments Budget
<br /> Beginning Fund Balance $ 11,891,621 $ 11,891,621
<br /> Plus Revenues 531,500 $ 523,933 1,055,433
<br /> Transfers In 75,000 412,063 487,063
<br /> Transfers Out 550,000 233,836 783,836
<br /> Less Expenditures 11,383,197 2,916 11,386,113
<br /> Ending Fund Balance $ 564,924 $ 699,244 $ 1,264,168
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