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Table 1A - Sewer CIP Funds Adjusted Budget to Actual Revenues, Transfers & Expenditures
<br />Table 1B - Sewer CIP Funds Recommended Budget Carryovers to 2014/15FY
<br />PROJECTED FUND BALANCE, JUNE 30, 2014
<br />$ 10,228,966
<br />Recommended
<br />Year -End
<br />Sanitary Sewer Pump Station S -5 Improvements & Upgrades
<br />20,000
<br />Stoneridge Mall Sewer By -Pass
<br />107,895
<br />Amended
<br />Budget
<br />Adjusted
<br />491,716
<br />$
<br />°/a
<br />Sewer CIP Funds
<br />Budget
<br />Amendments
<br />Budget
<br />Actual
<br />Variance
<br />Variance
<br />Beginning Fund Balance
<br />$ 9,282,857
<br />18,102
<br />$ 9,282,857
<br />$ 9,282,857
<br />Bi- Annual Electrical Panel Upgrades and Restoration
<br />5,788
<br />Revenues
<br />130,000
<br />$ 18,872
<br />148,872
<br />179,710
<br />$ 30,838
<br />20.7%
<br />Transfers In/(Out)
<br />1,200,000
<br />1,200,000
<br />1,200,000
<br />Expenditures
<br />7,652,993
<br />18,872
<br />7,671,865
<br />433,601
<br />(7,238,264)
<br />-94.3%
<br />Ending Fund Balance
<br />$ 2,959,864
<br />$ -
<br />$ 2,959,864
<br />$ 10,228,966
<br />$ 7,269,102
<br />Table 1B - Sewer CIP Funds Recommended Budget Carryovers to 2014/15FY
<br />PROJECTED FUND BALANCE, JUNE 30, 2014
<br />$ 10,228,966
<br />PROJECT CARRYOVERS:
<br />Sanitary Sewer Pump Station S -5 Improvements & Upgrades
<br />20,000
<br />Stoneridge Mall Sewer By -Pass
<br />107,895
<br />EALS /EARS Pump Station and Pipeline
<br />4,698,299
<br />Annual Sewer Main Improvements
<br />491,716
<br />Sewer Connection Fee Update
<br />25,000
<br />Meadowlark Sewer Siphon
<br />582,542
<br />Sewer Rate Analysis
<br />60,000
<br />Sewer Telemetry Upgrades
<br />100,000
<br />Bi- Annual Sewer Maintenance Hole Improvements
<br />46,227
<br />Bi- Annual Overhaul of Sewer Emergency Generators
<br />18,102
<br />Annual Sewer Pump and Motor Repairs
<br />101,857
<br />Bi- Annual Electrical Panel Upgrades and Restoration
<br />5,788
<br />Del Valle Parkway/ Nevada St Sewer Additions
<br />838,874
<br />Future Designated CIP Projects*
<br />141,242
<br />TOTAL PROJECT CARRYOVERS
<br />$ 7,237,542
<br />ADJUSTED FUND BALANCE, JUNE 30, 2014
<br />$ 2,991,424
<br />* Per Developer Contributions worksheet maintained by the Finance Department
<br />**The difference ($722) between the expenditure variance in Table 1A and the total carryover
<br />amount in Table 1B is the unspent portion of a completed project that is not recommended
<br />for carryover.
<br />**
<br />Water CIP Funds
<br />Table 2A summarizes the 2013/14FY activity for the Water CIP Funds. Actual revenues
<br />($313,639) and transfers ($6,636) exceeded the adjusted budget. The actual revenue
<br />was greater than the adjusted budget mainly due to the receipt of additional water
<br />connection fees ($335,100) from the Stoneridge Continuing Life Care project. Actual
<br />expenditures were less than adjusted budget by $4,747,386. The majority of the
<br />expenditure variance is due to budgeted projects not being completed during the fiscal
<br />year that are being recommended to be carried forward to the 2014/15FY as presented
<br />in Table 2B.
<br />Staff is recommending Council approval of the additional budget amendments totaling
<br />$89,779 (Table 2A) and budget carryovers to 2014/15FY totaling $4,747,386 (Table
<br />2B). The recommended budget amendments are as follows:
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