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Revenues: • Increase in revenue budget for additional interest earnings $1,154 Expenditures: • The following projects have been completed and it is recommended that their remaining balances be closed out and returned to the fund balance: • Sanitary Sewer Pump Station S-5 Improvements & Upgrades ($68,194) • Annual Sewer Maintenance Hole Improvements ($6,725) • Bi-Annual Overhaul of Sewer Emergency Generators ($30,491) • Bi-Annual Electrical Panel Upgrades and Restoration ($495) (107,059) • Increase in expenditure budget to account for more staff time spent on Sewer replacement projects than projected 127,918 Net Recommended Amendments ($22,013) As shown in Table 1A, the Sewer CIP funds' ending fund balance as of June 30, 2012 is projected to be $8,457,054 or $3,204,328 higher than projected due to projects not being started or completed in the 2011/12FY. Table 1B presents the recommended project carryovers to the 2012/13FY. After carrying forward these projects the adjusted fund balance is projected to be $5,399,434 as, shown in Table 1B. These funds are reserved for the future repair, replacement and expansion of the City's sewer system. Table 1B - Sewer CIP Funds Recommended Budget Carryovers to 2012/13FY PROJECTED FUND BALANCE,JUNE 30, 2012 $8,457,054 PROJECT CARRYOVERS: Sanitary Sewer Pump Station S-5 Improvements & Upgrades 20,000 Sanitary Sewer Pump Station Improvements & Upgrades S-6 1,324,880 Stoneridge Mall Sewer By-Pass 150,000 EALS/EARS Pump Station and Pipeline 379,804 Annual Sewer Maintenance Hole Improvements 30,000 Bi-Annual Overhaul of Sewer Emergency Generators 50,000 Annual Sewer Pump and Motor Repairs 75,034 Del Valle Parkway/Nevada St Sewer Additions 903,389 Utility Billing Software 2,900 Future Designated CIP Projects* 121,613 TOTAL PROJECT CARRYOVERS $3,057,620 ADJUSTED FUND BALANCE, JUNE 30, 2012 $5,399,434 Per Developer Contributions worksheet maintained by the Finance Department Page 3 of 11