|
Table 1A - Sewer CIP Funds Adjusted Budget to Actual Revenues, Transfers & Expenditures
<br /> Recommended
<br /> Year-End
<br /> Amended Budget Adjusted $
<br /> Sewer CIP Funds Budget Amendments Budget Actual Variance Variance
<br /> Beginning Fund Balance $ 8,457,054 $ 8,457,054 $ 8,457,054
<br /> Revenues 113,216 $ 1,292 114,508 159,041 $ 44,533 38.9%
<br /> Transfers In/(Out) 1,200,000 1,200,000 1,200,000
<br /> Expenditures 7,756,856 39,195 7,796,051 533,238 (7,262,813) -93.2%
<br /> Ending Fund Balance $ 2,013,414 $ (37,903) $ 1,975,511 $ 9,282,857 $7,307,346
<br /> Table 1B - Sewer CIP Funds Recommended Budget Carryovers to 2013/14FY
<br /> PROJECTED FUND BALANCE, JUNE 30, 2013 $ 9,282,857
<br /> PROJECT CARRYOVERS:
<br /> Sanitary Sewer Pump Station S-5 Improvements & Upgrades 20,000
<br /> Sanitary Sewer Pump Station Improvements & Upgrades S-6 1,099,864
<br /> Stoneridge Mall Sewer By-Pass 150,000
<br /> EALS/EARS Pump Station and Pipeline 4,746,575
<br /> Sewer Connection Fee Update 25,000
<br /> Annual Sewer Maintenance Hole Improvements 55,335
<br /> Biannual Overhaul of Sewer Emergency Generators 31,116
<br /> Annual Sewer Pump and Motor Repairs 72,178
<br /> Bi-Annual Electrical Panel Upgrades and Restoration 18,099
<br /> Del Valle Parkway/ Nevada St Sewer Additions 872,320
<br /> Future Designated CIP Projects' 122,370
<br /> TOTAL PROJECT CARRYOVERS $ 7,212,857
<br /> ADJUSTED FUND BALANCE, JUNE 30, 2013 $ 2,070,000
<br /> ' Per Developer Contributions worksheet maintained bythe Finance Department
<br /> Water CIP Funds
<br /> Table 2A summarizes the 2012/13FY activity for the Water CIP Funds. Actual revenues
<br /> and transfers exceeded adjusted budget by $104,022 and $82,382, respectively.
<br /> Revenues exceeding budget included interest income, PG&E solar rebates ($2,022)
<br /> and water connection fees ($102,000). Transfers exceeded budget by $82,382 and is
<br /> mainly attributable to the transfer for the Recycled Water Study Grant Subsidy
<br /> ($49,910) and recycled water revenue from Water O&M ($33,575). Actual expenditures
<br /> were less than adjusted budget by $1,892,853. The majority of the expenditure variance
<br /> is due to budgeted projects not being completed during the fiscal year a majority of
<br /> which are being recommended to be carried forward to the 2013/14FY as presented in
<br /> Table 2B ($1,891,156).
<br /> Staff is recommending through this Report that Council approve additional budget
<br /> amendments totaling $57,021 and budget carryovers to 2013/14FY totaling $1,891,156
<br /> as shown in Tables 2A and 2B, respectively. The recommended budget amendments
<br /> are the following:
<br /> • Increase in revenue and expenditure budget of $440 to account for interest
<br /> received on developer contributions and corresponding budget increases in
<br /> projects funded by those developer contributions.
<br /> Page 3 of 9
<br />
|