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Staff is recommending through this Report that Council approve additional budget
<br /> amendments totaling $11,430 and budget carryovers to 2013/14FY totaling $7,973,040
<br /> as shown in Tables 3A and 3B, respectively. The recommended budget amendments
<br /> are the following:
<br /> • Close out of the completed Fence Installation/Replacement Project and
<br /> Energy Upgrade Pleasanton Program ($2,691).
<br /> • Increase in the Capital Improvement Program Reserve (CIPR) for the receipt
<br /> of the PG&E Solar Rebates ($14,121).
<br /> Table 3A - Miscellaneous CIP Funds Adjusted Budget to Actual Revenues, Transfers &
<br /> Expenditures/Reserves
<br /> Recommended
<br /> Year-End
<br /> Amended Budget Adjusted $
<br /> Misc CIP Funds Budget Amendments Budget Actual Variance Variance
<br /> Beginning Fund Balance $ 14,417,490 $ 14,417,490 $ 14,417,490
<br /> Revenues 317,640 317,640 563,618 $ 245,978 77.4%
<br /> Transfers In/(Out) (1,117,167) (1,117,167) (1,114,846) 2,321 -0.2%
<br /> Expenditures 8,848,671 $ 11,430 8,860,101 806,462 (8,053,639) -90.9%
<br /> Ending Fund Balance $ 4,769,292 $ (11,430) $ 4,757,862 $ 13,059,800 $8,301,938
<br /> Table 3B - Miscellaneous CIP Funds Recommended Budget Carryovers to 2013/14FY
<br /> PROJECTED FUND BALANCE, JUNE 30, 2013 $ 13,059,800
<br /> PROJECT CARRYOVERS:
<br /> Downtown Parking Improvements Including Improvements to
<br /> the Alameda County Transportation Corridor(ACTC) 2,428,000
<br /> Deposit for the purchase of the Alameda County Corridor 1,000,000
<br /> Landscape Median Construction and Renovation 145,862
<br /> Bi-Annual Erosion and Storm Repairs 94,775
<br /> Fire Station #4 - Repairs to Upper Parapet Walls 200,000
<br /> CTV -30 Studio Relocation 250,000
<br /> Parks and Recreation Master Plan 2,541
<br /> TOTAL PROJECT CARRYOVERS $ 4,121,178
<br /> RESERVE CARRYOVERS
<br /> CIPR-Capital Improvement Reserve 1,924,003
<br /> City Hall Office Building & Civic Center Site Improvements Reserve 1,927,859
<br /> TOTAL RESERVE CARRYOVERS $ 3,851,862
<br /> TOTAL PROJECT AND RESERVE CARRYOVERS $ 7,973,040
<br /> ADJUSTED FUND BALANCE, JUNE 30, 2013 $ 5,086,760
<br /> Parks CIP Funds
<br /> Table 4A summarizes the 2012/13FY activity for the Parks CIP Funds. Actual revenues
<br /> and expenditures were less than the adjusted budget by $752,858 and $13,027,514,
<br /> respectively. Revenues were less than budget mainly due to the accounting of grant
<br /> revenues and expenditures related to the East Bay Regional Park District Measure WW
<br /> Park Bond Extension (Grant) for the Dolores Bengtson Aquatic Center Deck and
<br /> Mechanical Building Improvement project. Both the City's grant policies and generally
<br /> accepted accounting principles require that grant revenues match the respective grant
<br /> expenditures within the fiscal year. The unexpended portion of the Grant revenues at
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