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o Increase in the Capital Improvement Program Reserve (CIPR) due to
<br /> repayment of the Cemetery Fund Advance ($196,748).
<br /> o Increase of $8,564 in the Energy Efficiency/Conservation Grant project
<br /> due to the availability of additional grant funding.
<br /> Table 3
<br /> Miscellaneous CIP Funds
<br /> 2012/13FY Recommended 2012/13FY
<br /> Adjusted Midyear Midyear
<br /> Budget Adjustments _ Budget
<br /> Beginning Fund Balance $ 14,417,490 $ - $ 14,417,490
<br /> Revenues 352,697 (29,984) 322,713
<br /> Transfers In - -
<br /> Less Transfers Out (885,000) (232,167) (1,117,167)
<br /> Less Expenditures/Reserves (9,554,567) 700,823 _ (8,853,744)
<br /> Ending Fund Balance $ 4,330,620 $ 438,672 $ 4,769,292
<br /> Parks CIP
<br /> Recommended Midyear adjustments to the Parks CIP funds are shown in Table 4 and
<br /> include a decrease in projected revenues of $257,718, offset with an increase in
<br /> expenditures/reserves of $556.
<br /> • Revenue changes ($257,718) are due to a decrease in projected Park Dedication
<br /> Fees ($310,624), offset with an increase in projected interest income ($52,906).
<br /> • Expenditure/Reserve changes ($556) reflect an increase in the Bernal Property
<br /> Improvements Phase II Reserve funded by developer contributions due to
<br /> interest earnings on those contributions during the fiscal year.
<br /> Table 4
<br /> Parks CIP Funds
<br /> 2012/13FY Recommended 2012/13FY
<br /> Adjusted Midyear Midyear
<br /> Budget Adjustments _ Budget
<br /> Beginning Fund Balance $ 12,250,160 $ - $ 12,250,160
<br /> Revenues 519,121 (257,718) 261,403
<br /> Transfers In 1,885,000 - 1,885,000
<br /> Less Transfers Out (715,989) - (715,989)
<br /> Less Expenditures/Reserves (12,589,818) (556) (12,590,374)
<br /> Ending Fund Balance $ 1,348,474 $ (258,274) $ 1,090,200
<br /> Streets CIP
<br /> Recommended Midyear adjustments to the Streets CIP funds are shown in Table 5 and
<br /> include a decrease in projected revenues of $67,154 and increases in net transfers in of
<br /> $6,973 and expenditures/reserves of$71,417.
<br /> • Revenue changes ($67,154) include decreases in projected Traffic Impact Fees
<br /> ($609,962), Tri-Valley Transportation Fees ($107,484), and Dougherty Valley
<br /> Mitigation Fees ($38,450). These decreases are partially offset by increases in
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