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o A proposed new project for the construction of the recycled water infrastructure at Val Vista Community Park and the Continuing Life Communities development. (Recycled Water Project - $150,000). o Proposed new project to fund the Water Connection Fee Update ($25,000). Local water connection fees also have not been updated in the past ten years. Staff is proposing to hire a consultant to review and update the fees and bring forth the recommended changes for Council's approval in the Fall of 2013. o Increase in the budget for Utility Cut Patching ($14,216). o Close out of the Bi-Annual Water Quality Improvement project ($75,455) and the Bi-Annual Overhaul of Emergency Generators project ($37,511). Monies will be returned to fund balance and be available for funding future projects. Table 2 Water CIP Funds 2012/13FY Recommended 2012/13FY Adjusted Midyear Midyear Budget Adjustments _ Budget Beginning Fund Balance $ 13,333,424 $ - $ 13,333,424 Revenues 157,400 264,281 421,681 Transfers In 1,700,000 602,726 2,302,726 Less Transfers Out - - - Less Expenditures/Reserves (3,302,338) (76,331) (3,378,669) Ending Fund Balance $ 11,888,486 $ 790,676 $ 12,679,162 Miscellaneous CIP Recommended Midyear adjustments to the Miscellaneous CIP funds are shown in Table 3 and include decreases in projected revenues of $29,984 and expenditures/reserves of$700,823; and an increase in transfers out of$232,167. • Revenue changes ($29,984) include decreases in projected Public Facilities Fees ($80,340); partially offset by increases in PG&E California Solar Initiative Rebates ($16,000), donations for the Firehouse Arts Center project ($7,000), grant revenue ($8,564), and Happy Valley Specific Plan Infrastructure Reimbursements ($19,503). • Transfers Out ($232,167) include the following: o $22,468 to the General Fund as repayment for a portion of the Golf Course Development and Infrastructure Loan from the colllection of Happy Valley Specific Plan fees received during the fiscal year. (The remaining loan totals $7,458,493). o $209,699 to the Streets General Fund CIP to cover a fund balance deficit for Streets CIP projects. • Expenditure/Reserve changes ($700,823) include the following: o Decrease of $907,671 in the budget for the Alameda County Transportation Corridor (reduce the budget to equal outstanding installment payments). Page 3 of 5