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• Close out of the following completed projects totaling $11,582
<br /> o Utility Billing Software Project ($6,520)
<br /> o El Charro Road Improvement Project ($5,062)
<br /> • Increase in expenditure budget for Annual Water Pump and Motor Repairs
<br /> ($10,124); increase in amount of City staff time spent on water replacement
<br /> projects than projected ($53,479) and contribution to the Water Reuse
<br /> Research Foundation ($5,000).
<br /> Table 2A -Water CIP Funds Adjusted Budget to Actual Revenues, Transfers & Expenditures
<br /> Recommended
<br /> Year-End
<br /> Amended Budget Adjusted $
<br /> Water CIP Funds Budget Amendments Budget Actual Variance Variance
<br /> Beginning Fund Balance $ 13,333,424 $ 13,333,424 $ 13,333,424
<br /> Revenues 421,681 $ 440 422,121 526,143 $ 104,022 24.6%
<br /> Transfers In/(Out) 2,252,816 2,252,816 2,335,198 82,382 3.7%
<br /> Expenditures 3,378,669 57,461 3,436,130 1,543,277 (1,892,853) -55.1%
<br /> Ending Fund Balance $ 12,629,252 $ (57,021) $ 12,572,231 $ 14,651,488 $2,079,257
<br /> Table 2B -Water CIP Funds Recommended Budget Carryovers to 2013/14FY
<br /> PROJECTED FUND BALANCE, JUNE 30, 2013 $ 14,651,488
<br /> PROJECT CARRYOVERS:
<br /> Pressure Reducing Station Rehabilitation 50,000
<br /> Recycled Water Project 122,693
<br /> Water Connection Fee Update 25,000
<br /> Bi-Annual Water Quality Improvement Project 578
<br /> Bi-Annual Electrical Panel Upgrades and Restorations 158,754
<br /> Bi-Annual Control Valve Installation 55,942
<br /> Bi-Annual Replacement of Polybutylene Service Laterals 13,043
<br /> Bi-Annual Overhaul of Emergency Water Generators 30,586
<br /> Bi-Annual Water Tank Corrosion Repairs 100,000
<br /> Annual Water Main Replacements Projects 548,015
<br /> Vineyard Avenue Water Main Replacement Project 104,842
<br /> Annual Replacement of Water Meters 11,691
<br /> Del Valle Parkway Water Main Extension 585,824
<br /> Future Designated CIP Projects* 84,188
<br /> TOTAL PROJECT CARRYOVERS $ 1,891,156
<br /> ADJUSTED FUND BALANCE, JUNE 30, 2013 $ 12,760,332
<br /> •Per Developer Contributions worksheet maintained bythe Finance Department
<br /> Miscellaneous CIP Funds
<br /> Table 3A summarizes the 2012/13FY activity for the Miscellaneous CIP Funds. Actual
<br /> revenues and transfers exceeded adjusted budget by $245,978 and $2,321. Revenues
<br /> exceeding budget included interest income ($18,967), Public Facilities Fees ($155,103),
<br /> donations for the Firehouse Arts Center ($50,193), and miscellaneous revenue
<br /> ($21,402). Actual expenditures were less than adjusted budget by $8,053,639. The
<br /> expenditure variance is due to budgeted projects not being completed during the fiscal
<br /> year ($4,123,869) and the accumulation of project reserves ($3,851,862); most of which
<br /> are being recommended to be carried forward to the 2013/14FY as presented Table 3B.
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