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TABLE VI
<br /> COMPARISON OF MAJOR REVENUE SOURCES AND EXPENDITURES FOR 2012/13
<br /> Projections in Mid-Term
<br /> Category Current CIP Projections Difference
<br /> Beginning Balances $15,771,130 $28,800,765 $13,029,635
<br /> Gas Tax, Measure B and
<br /> Highway Funds 2,296,300 2,669,189 $372,889
<br /> City Development Fees 2,227,878 1,895,153 ($332,725)
<br /> City Utility Connection Fees 170,605 196,237 $25,632
<br /> Non-City Development Fees 144,739 196,359 $51,620
<br /> Grants and Miscellaneous 50,000 50,000 $0
<br /> General Fund Contributions 0 0 $0
<br /> Transfers from Other Funds 5,170,000 2,900,000 ($2,270,000)
<br /> Interest Earnings 943,300 235,850 ($707,450)
<br /> Financial Resources $26,773,952 $36,943,553 $10,169,601
<br /> Estimated City Development
<br /> Fees Transferred to Next
<br /> Fiscal Year 2,310,655 (2,091,390) $219,265
<br /> City Development Fees from
<br /> Prior Year 0 0 $0
<br /> Total Financial Resources $24,463,297 $34,852,163 $10,388,866
<br /> Total Expenditures and
<br /> Reserves $12,277,242 $14,363,385 $2,086,143
<br /> Ending Balances $12,186,055 $20,488,778 $8,302,723
<br /> Transfers from the General Fund
<br /> General Fund transfers to the Mid-Term CIP are estimated at $3,700,000 which is the
<br /> same as those included in the current CIP. As indicated as part of last year's CIP, the
<br /> ability to make these contributions, which are expected to begin in 2013/14FY, is
<br /> dependent entirely upon the status of the General Fund which in turn, is dependent on
<br /> the overall economy and its impact on City General Fund revenues. As a result, a
<br /> thorough analysis of General Fund and its ability to make contributions to the CIP will be
<br /> evaluated as part of next year's two year Budget. The following Table VII illustrates the
<br /> allocation of this funding in this CIP:
<br /> TABLE VII
<br /> RECOMMENDED CIP GENERAL FUND TRANSFERS TO MID-TERM CIP
<br /> CIP Category 2012/13FY 2013/14FY 2014/15FY Total
<br /> Streets $0 $550,000 $400,000 $950,000
<br /> Miscellaneous 0 1,150,000 1,600,000 $2,750,000
<br /> Total $0 $1,700,000 $2,000,000 $3,700,000
<br /> Notwithstanding any unforeseen projected adjustments to General Fund transfers to the
<br /> CIP, the General Fund continues to play an important role in funding a wide range of
<br /> projects in the CIP. Table VIII includes a listing of CIP projects funded with General
<br /> Fund revenue transferred to the CIP in previous years and those projected in 2013/14
<br /> and 2014/15.
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