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projected in the current CIP document. Overall, the increase results primarily from the close
<br /> out of projects funded previously that increased the available beginning fund balances, and from
<br /> additional development fees not previously included in the CIP and from the revenue
<br /> presentation change discussed previously. It should be noted that an increase of this amount is
<br /> typical for the Mid-Term CIP due to the fact that the conservative nature of projecting revenues
<br /> in future years may result in more revenue than anticipated. A comparison of beginning fund
<br /> balances is detailed below.
<br /> TABLE V
<br /> Comparison of 2014-15 Beginning Fund Balances
<br /> CATEGORY Projections in Mid-Term CIP Difference % Difference
<br /> Current CIP
<br /> STREETS $3,713,265 $5,006,941 $1,293,676 34.8%
<br /> PARKS $127,255 $1,687,343 $1,560,088 1226.0%
<br /> MISCELLANEOUS $4,019,592 $4,908,924 $889,332 22.1%
<br /> WATER $10,480,723 $10,880,093 $399,370 3.8%
<br /> SEWER $1,698,414 $2,959,864 $1,261,450 74.3%
<br /> TOTAL $20,039,249 $25,443,165 $5,403,916 27.0%
<br /> In addition to changes in the projected and actual beginning fund balances, development fee
<br /> revenue for 2014 has also increased. A summary of the projected versus actual development fees
<br /> is as follows:
<br /> TABLE VI
<br /> Comparison of Calendar Year 2014 Development Fee Revenue
<br /> FEE TYPE Projections in Mid-Term Difference % Difference
<br /> Current CIP CIP
<br /> TRAFFIC IMPACT $200,000 $2,081,696 $1,881,696 940.8%
<br /> IN-LIEU PARK DEDICATION $194,140 $3,254,069 $3,059,929 1576.1%
<br /> PUBLIC FACILITIES $638,052 $1,387,523 $749,471 117.5%
<br /> UTILITY CONNECTION $157,415 $420,649 $263,234 167.2%
<br /> TRI-VALLEY
<br /> TRANSPORTATION $71,000 $163,975 $92,975 131.0%
<br /> DOUGHERTY VALLEY
<br /> MITIGATION $8,000 _ $50,000 $42,000 525.0%
<br /> TOTAL $1,268,607 $7,357,912 $6,089,305 480.0%
<br /> A summary of all financial resources, transfers and expenditures is included in Table V below:
<br /> 4
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