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II. PROGRAM FINANCIAL OVERVIEW
<br /> A summary of available annual financial resources (including beginning balances) and recommended
<br /> annual expenditures is listed in the tables below. Summary financial tables showing all recommended
<br /> projects and available funding are included at the end of this section. All project expenditures and
<br /> revenues segregated by source are included in the detailed financial tables located in the Appendix.
<br /> Development fee revenue including the Public Facilities, Traffic Impact, In-Lieu Park Dedication and
<br /> Water and Sewer Connection Fees, are recorded on a calendar year basis. Using this approach assures
<br /> that revenue is collected prior to programming for a specific project. In addition, because the
<br /> Community Development Department has historically tracked development activity on a calendar year
<br /> basis, this practice eliminates the need to convert this data to a fiscal year resulting in greater accuracy.
<br /> However, this process is contrary to other portions of this CIP, including all expenditures, and the City
<br /> Budget that are tracked on a fiscal year basis. Other revenues, such as gas taxes, grants, and General
<br /> Fund, are projected based on staff estimates in the year they are expected to be received. As indicated
<br /> previously, staff utilizes the Mid-Term COP to make any adjustments necessary to address fluctuations in
<br /> estimated revenues or project expenditures that assures the CIP accurately reflects project development.
<br /> The three tables listed below provide a general summary of revenues and expenditures by project
<br /> category and major funding sources.
<br /> PROJECTED AVAILABLE ANNUAL FINANCIAL RESOURCES*
<br /> FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 TOTAL
<br /> STREETS $11,662,714 $8,371,640 $6,727,575 $6,733,170 $23,450,189
<br /> PARKS $2,473,737 $1,719,715 $323,845 $189,147 $4,321,079
<br /> MISCELLANEOUS $4,824,592 $4,473,609 $4,578,561 $4,893,707 $6,498,707
<br /> WATER $14,943,252 $12,861,623 $13,573,759 $14,707,195 $21,864,782
<br /> SEWER $3,238,414 $2,966,514 $3,417,364 $3,926,714 $7,096,714
<br /> TOTAL $37,142,709 $30,393,101 $28,621,104 $30,449,933 $63,231,471
<br /> *To accurately reflect the amount of financial resources available each year by category, the above annual dollar amounts
<br /> include all available resources for each year including beginning and recurring fund balances. However, the"Total" column
<br /> has been adjusted to reflect removal of the recurring fund balances. As a result, the "Total" column does not equal the sum
<br /> of the individual years.
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