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Table 4B - Parks CIP Funds Recommended Budget Carryovers to 2012/13FY
<br /> PROJECTED FUND BALANCE, JUNE 30, 2012 $12,250,160
<br /> PROJECT CARRYOVERS:
<br /> Bernal Community Park (Phase I)WiFi Setup 35,000
<br /> Lions Wayside Park Improvements (design) 183,076
<br /> Dolores Bengtson Aquatic Ctr. Deck & Mechanical Bldg. Improvements 3,460,953
<br /> St. John's Low-flow Crossing 71,664
<br /> TOTAL PROJECT CARRYOVERS 3,750,693
<br /> RESERVE CARRYOVERS:
<br /> General Trail Improvements and Development Reserve 1,484,021
<br /> Bernal Property Improvements Reserve (Phase II) 3,919,138
<br /> New Community Park: Site Acquisition Reserve 1,828,623
<br /> Bernal Property Trail Reserve 152,000
<br /> TOTAL RESERVE CARRYOVERS 7,383,782
<br /> TOTAL PROJECT AND RESERVE CARRYOVERS $11,134,475
<br /> ADJUSTED FUND BALANCE,JUNE 30, 2012 $1,115,685
<br /> 'Per Developer Contributions worksheet maintained by the Finance Department
<br /> Streets CIP Funds
<br /> Table 5A summarizes the 11/12FY activity for the Streets CIP Funds. Actual revenues
<br /> and transfers exceeded adjusted budget by $2,517,067 and $613,209, respectively.
<br /> Actual expenditures were less than adjusted budget by $21,782,572. The majority of
<br /> the revenue variance was due to receiving $1,283,365 of Vineyard Avenue Corridor
<br /> Specific Plan Fees. Other revenues exceeding budget included the following:
<br /> • Traffic Impact Fees ($569,835)
<br /> • Vehicle Registration Fees - Measure F ($362,427)
<br /> • Gas tax ($150,147)
<br /> • Interest ($100,182)
<br /> • Measure B ($80,252)
<br /> • City of Dublin Freeway Interchange Fees ($76,448)
<br /> • Tri-Valley Transportation Fees ($40,796)
<br /> • Dougherty Valley Mitigation Fees ($14,900)
<br /> Revenues exceeding budget were offset with less grant revenues than projected
<br /> ($161,285) due to a timing difference in receipt of these funds. They will be received in
<br /> the 2012/13FY. The Transportation Development Act (TDA) grant revenue and
<br /> expenditure budget for the Valley Avenue Pedestrian Pathway and Annual Bicycle and
<br /> Pedestrian Related Improvement projects are included in the recommended budget
<br /> carryovers to 2012/13FY as presented Table 5B. Transfers out exceeded budget
<br /> ($613,209) due to the partial repayment of Vineyard Corridor Sewer and Water Loans.
<br /> The majority of the expenditure variance is due to budgeted projects not being
<br /> completed during the fiscal year ($14,774,099) and the accumulation of project reserves
<br /> ($6,994,189); all of which are being recommended to be carried forward to the
<br /> 2012/13FY as presented Table 5B.
<br /> Page 8 of 11
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