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Table 4
<br /> Parks CIP Funds
<br /> 2011/12FY Recommended 2011/12FY
<br /> Adjusted Midyear Midyear
<br /> Budget Adjustments Budget
<br /> Beginning Fund Balance $ 12,889,541 $ 103,295 $ 12,992,836
<br /> Revenues 419,003 (370,993) 48,010
<br /> Transfers In 75,000 - 75,000
<br /> Transfers Out - - -
<br /> Expenditures/Reserves 12,745,511 (73,337) 12,672,174
<br /> Ending Fund Balance $ 638,033 $ (194,361) $ 443,672
<br /> Streets CIP
<br /> Recommended midyear adjustments to the Streets CIP funds are shown in Table 5 and
<br /> include increases in beginning fund balance of $5,390,775, projected revenues of
<br /> $826,687, transfers of$2,616,000 and expenditures/reserves of$1,550,816.
<br /> • The beginning fund balance was increased ($5,390,775) to reflect Developer
<br /> Funds collected to date by the City for Streets CIP projects.
<br /> • Revenue changes ($826,687) include increases in projected Traffic Impact Fees
<br /> ($49,804), Tri-Valley Transportation Fees ($30,000), City of Dublin freeway
<br /> interchange fees ($95,000), and the receipt of $1,500,000 from the Alameda
<br /> County Surplus Property Authority for the Staples Ranch development project.
<br /> These increases were partially offset by reductions in projected Gas Tax
<br /> revenues ($81,389), interest income ($98,593), Dougherty Valley Mitigation Fees
<br /> ($46,000), and Proposition 1B funds ($622,135).
<br /> • Transfers increased ($2,616,000) as a result of using Vineyard Corridor Specific
<br /> Plan Fees to repay the Sewer and Water Funds for a portion of the Vineyard
<br /> Corridor loans (also discussed in the Sewer and Water funds section of this
<br /> report).
<br /> • Expenditure/Reserve increases ($1,550,816) include:
<br /> o an increase of $2,929,773 in various Streets CIP projects due to the
<br /> availability of Developer Funds for these projects; an increase of $273,516
<br /> in the Dublin Reimbursements for Future Projects Reserve to reflect City
<br /> of Dublin freeway interchange fees received to date; and an increase of
<br /> $54,169 in landscape maintenance expenditures for the City's Landscape
<br /> Maintenance Districts; offset by
<br /> o reduction of $769,845 in funding for the Staples Ranch Installation of
<br /> Traffic Signals Project. This reduction will align the timing (2012/13FY) of
<br /> expenditures with the receipt of funding for this project. This project will
<br /> be fully funded in the 2012/13FY and will be presented to Council in the
<br /> Mid-Term CIP on June 19, 2012.
<br /> o budget reduction in various completed projects totaling $898,797, of which
<br /> $805,870 is related to the close out of the Annual Resurfacing Projects;
<br /> and a $38,000 decrease in Dougherty Valley Mitigation Revenue Reserve
<br /> to reflect actual mitigation fees received to date.
<br /> Page 5 of 6
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