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Park CIP Funds The Parks CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to adjusted budget of $334,060. The majority of this variance was due to the receipt of $611,803 of Park Dedication in Lieu Fees, which exceeded budget projections ($312,370). The majority of fees received were from Ponderosa Homes ($310,624) for the construction of single family residential homes at the Ironwood Development and from Civic Square, LLC ($286,884) for the construction of additional apartments units at the Civic Square Apartments on Bernal Avenue. Interest income also exceeded budget by $21,690. PARKS Total Budgeted Ending Fund Balance $ 1,265,730 Actual Fund Balance after Carryovers 1,599,790 Variance favorable/(unfavorable) $ 334,060 Streets CIP Funds The Streets CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to adjusted budget of $563,434. The majority of this variance was due to receiving $429,968 more in total fee revenue than budget, which included Traffic Impact Fees ($373,966) and Tri-Valley Transportation Fees ($38,323). Other revenues received greater than budget included City of Dublin Freeway Interchange Fees ($160,891), interest income ($36,232) and Measure B revenue ($25,301). Offsetting these increases in revenues were $90,908 less of gas tax revenues received as compared to budget and project expenditures exceeding projections by $79,535 due to reimbursement payments to private property owners and developers under the Vineyard Avenue Specific Plan and the North Sycamore Specific Plan. STREETS Total Budgeted Ending Fund Balance $ 5,951,880 Actual Fund Balance after Carryovers 6,515,314 Variance favorable/(unfavorable) $ 563,434 Page 4 of 5