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funds. Additionally, $2.2 million of expenditures originally planned for 10-11 FY were not
<br /> undertaken and/or were rescheduled to a later time. The City's Twenty Year
<br /> Replacement Plan will continue to allow for the replacement of assets as needed by
<br /> revising timelines for replacement, updating the useful lives of assets, and reprioritizing
<br /> scheduled replacements on an ongoing basis.
<br /> Table 10. Repair & Replacement Funds*- Amended Budget vs. Actual
<br /> Amended&
<br /> Proposed %Actual vs
<br /> Repair&Replacement Funds Budget Actual Variance Budget
<br /> Beginning Fund Balance 23,377,773 23,377,773 -
<br /> Plus Revenues 2,195,862 2,229,407 33,545 1.5%
<br /> Less Net Transfers 115,768 115,768 - 0.0%
<br /> Less Expenditures (5,227,520) (3,019,242) 2,208,278 -42.2%
<br /> Ending Fund Balance 20,461,883 22,703,706 2,241,823
<br /> Change in Fund Balance (2,915,890) (674,067) 2,241,823
<br /> *Includes the activities of the Vehicle Replacement Fund,Equipment Replacement Fund,Facilities Renovation Fund, Police Vehicle
<br /> Replacement Fund,Park&Median Renovation Fund,Street Light Replacement Fund,Traffic Signal Replacement Fund
<br /> and Golf Replacement Fund.
<br /> Self Insurance Fund
<br /> The Self Insurance Fund accounts for losses and liabilities related to lawsuits and public
<br /> liability related insurance deductibles and claims. As indicated in the discussion of the
<br /> General Fund, staff is recommending an additional $1.0 million transfer from the
<br /> General Fund to the Self Insurance Fund. This transfer is reflected in Table 11. Without
<br /> this transfer the fund balance would have decreased to $4.9 million.
<br /> Table 11. Self Insurance Fund — Amended Budget vs. Actual
<br /> Amended&
<br /> Proposed %Actual vs
<br /> Self Insurance Fund Budget Actual Variance Budget
<br /> Beginning Fund Balance 5,523,486 5,523,486 -
<br /> Plus Revenues 335,000 336,589 1,589 0.5%
<br /> Less Net Transfers 1,000,000 1,000,000 - 0.0%
<br /> Less Expenditures (1,376,800) (947,928) 428,872 -31.1%
<br /> Ending Fund Balance 5,481,686 5,912,147 430,461
<br /> ,Change in Fund Balance (41,800)_ 388,661 430,461
<br /> ALL OTHER OPERATING FUNDS
<br /> For the most part, budget variances are small for the other Operating Funds as shown
<br /> in Attachment 2. Most of the Landscape District Funds and Geologic Hazard District
<br /> Funds were slightly under budget, with expenditures less than the Amended Budget.
<br /> For all other Operating Funds, budget to actual variances were positive. Therefore staff
<br /> is recommending only a few minor budget changes, as outlined in Attachment 2.
<br /> Page 9 of 10
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