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A summary of all financial resources, transfers and expenditures is included in Table V
<br /> below:
<br /> TABLE V
<br /> MID-TERM CIP SOURCES OF FINANCIAL RESOURCES, EXPENDITURES AND
<br /> FUND BALANCES
<br /> 2012/13FY 2013/14FY 2014/15FY TOTAL
<br /> Beginning Balances $28,800,765 $20,488,778 $22,709,086 $28,800,765
<br /> Gas Tax, Measure B and Highway
<br /> Funds 2,669,189 2,612,500 2,662,500 $7,944,189
<br /> City Development Fees* 1,895,153 4,532,568 5,618,928 $12,046,649
<br /> City Utility Connection Fees*
<br /> 196,237 385,559 278,367 $860,163
<br /> Non-City Development Fees 196,359 167,736 198,922 $563,017
<br /> Grants and Miscellaneous
<br /> 50,000 50,000 50,000 $150,000
<br /> General Fund Contributions
<br /> 0 1,700,000 2,000,000 $3,700,000
<br /> Transfers from Other Funds** 2,900,000 2,900,000 2,900,000 $8,700,000
<br /> Interest Earnings 235,850 205,900 265,600 $707,350
<br /> Financial Resources $36,943,553 $33,043,041 $36,683,403 $63,472,133
<br /> Estimated City Development Fees
<br /> Transferred to Next Fiscal Year (2,091,390) (4,918,127) (5,897,295) ($12,906,812)
<br /> City Development Fees from Prior
<br /> Year 0 2,091,390 $4,918,127 $7,009,517
<br /> Total Financial Resources $34,852,163 $30,216,304 $35,704,235 $57,574,838
<br /> Total Recommended
<br /> Expenditures 13,196,995 5,546,550 4,756,350 $23,499,895
<br /> Total Recommended Reserves 1,166,390 1,960,668 5,557,022 $8,684,080
<br /> Total Expenditures and
<br /> Reserves $14,363,385 $7,507,218 $10,313,372 $32,183,975
<br /> Ending Balance $20,488,778 $22,709,086 $25,390,863 _ $25,390,863
<br /> * Represents fees projected to be collected during the calendar year. As an example, 2012/13FY fees
<br /> are projected to be collected in calendar year 2012 but are transferred to be used in 2013/14FY.
<br /> Includes transfers from the Water and Sewer Maintenance and Operation Funds
<br /> As part of the Mid-Term CIP, staff conducted a review of all financial resources
<br /> including beginning balances, revenues, transfers from other funds, grants, etc.
<br /> included in the CIP. Adjustments have been made to reflect development activity as
<br /> projected by the City Planning department, new revenue sources, adjustments to prior
<br /> year revenues and project costs which affect available financial resources, transfers and
<br /> revenue revisions to assure the accuracy of revenue projections. Table VI illustrates
<br /> the difference between the current CIP and the adjusted numbers included as part of
<br /> this Mid-Term CIP.
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