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TABLE VIII
<br /> COMPARISON OF 2014-15 MAJOR REVENUE SOURCES AND EXPENDITURES
<br /> Projections in Mid-Term
<br /> Category Current CIP Projections Difference %Difference
<br /> Beginning Balances $21,303,991 $25,443,165 $4,139,174 19.4%
<br /> Gas Tax, Measure B and
<br /> Highway Funds $3,308,200 $3,024,556 ($283,634) -8.57%
<br /> City Development Fees $1,032,192 $6,723,288 $5,691,096 551.36%
<br /> City Utility Connection Fees $157,415 $420,649 $263,234 167.22%
<br /> Non-City Development Fees $79,000 $171,975 $92,975 117.69%
<br /> Grants and Miscellaneous $919,400 $919,400 $0 0.00%
<br /> General Fund Contributions $1,300,000 $1,300,000 $0 0.00%
<br /> Transfers from Other Funds $3,300,000 $3,300,000 $0 0.00%
<br /> Interest Earnings $182,510 $182,510 $0 0.00%
<br /> Total Financial Resources $31,582,843 $41,485,553 $9,956,710 31.3%
<br /> Total Expenditures and $9,832,774 $12,261,136 $2,428,362 24.70%
<br /> Reserves
<br /> Ending Balances $21,749,934 $29,224,417 $7,474,483 34.3%
<br /> Transfers from the General Fund
<br /> General Fund transfers to the Mid-Term CIP are estimated at $3,900,000 which is the same as
<br /> those included in the current CIP. As indicated as part of last year's CIP, the ability to make
<br /> these contributions is dependent entirely upon the status of the General Fund which in turn, is
<br /> dependent on the overall economy and its impact on City General Fund revenues. As a result, a
<br /> thorough analysis of General Fund and its ability to make contributions to the CIP will be
<br /> evaluated as part of next year's two year Budget. Nevertheless, consistent with the City's
<br /> current financial planning to include General Fund transfers, a transfer of$1,300,000 has been
<br /> added in the last two years of this CIP. This $2.6 million is not included in the current CIP. The
<br /> following Table XI illustrates the allocation of this finding in this CIP:
<br /> TABLE IX
<br /> RECOMMENDED CIP GENERAL FUND TRANSFERS TO MID-TERM CIP
<br /> CIP Category 2014/15 2015/16 2016/17 Total
<br /> Parks $1,300,000 0 0 $1,300,000
<br /> Miscellaneous 0 $1,300,000 $1,300,000 $2,600,000
<br /> Total $1,300,000 $1,300,000 $1,300,000 $3,900,000
<br /> Notwithstanding any unforeseen projected adjustments to General Fund transfers to the CIP,the
<br /> General Fund continues to play an important role in funding a wide range of projects in the CIP.
<br /> Table X outlines the allocation of the funds listed above in this Mid-Term CIP:
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