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Table 3B - Miscellaneous CIP Funds Recommended Budget Carryovers to 2014/15FY
<br />PROJECTED FUND BALANCE, JUNE 30, 2014
<br />$11,379,237
<br />REVENUE CARRYOVERS:
<br />LED Street Light Retrofit Loan from CEC
<br />$ 1,350,850
<br />PROJECT CARRYOVERS:
<br />Downtown Parking Improvements Including Improvements to
<br />the Alameda County Transportation Corridor (ACTC)
<br />2,384,610
<br />Landscape Median Construction and Renovation
<br />145,862
<br />Fire Station #4 - Repairs to Upper Parapet Walls
<br />200,000
<br />LED Street Light Retrofit
<br />221,808
<br />Bi- Annual Fence Installation & Repair
<br />20,158
<br />Bi- Annual Soundwall Repair & Replacement
<br />100,000
<br />City Parking Lot Maintenance and Rehabilitation
<br />200,000
<br />Radio Frequency Identification Tagging for Library Material
<br />160,000
<br />Main Street Greens Park Design
<br />5,996
<br />CTV - 30 Studio Relocation
<br />250,000
<br />East County Animal Shelter Debt Service
<br />52,250
<br />Bi- Annual Erosion and Storm Repairs
<br />50,000
<br />TOTAL PROJECT CARRYOVERS
<br />$ 3,790,684
<br />RESERVE CARRYOVERS
<br />CIPR - Capital Improvement Reserve
<br />1,949,099
<br />City Hall Office Building & Civic Center Site Improvements Reserve
<br />1,927,859
<br />TOTAL RESERVE CARRYOVERS
<br />$ 3,876,958
<br />TOTAL PROJECT AND RESERVE CARRYOVERS
<br />$ 7,667,642
<br />ADJUSTED FUND BALANCE, JUNE 30, 2014
<br />$ 5,062,445
<br />Parks CIP Funds
<br />Table 4A summarizes the 2013/14FY activity for the Parks CIP Funds. Actual revenues
<br />and expenditures were less than the adjusted budget by $401,195 and $14,019,306,
<br />respectively. Revenues were less than budget mainly due to the accounting for grant
<br />revenues related to the East Bay Regional Park District Measure WW Park Bond
<br />Extension (Grant) for the Dolores Bengtson Aquatic Center Deck and Mechanical
<br />Building Improvement project. The outstanding grant revenues at June 30, 2014
<br />($680,538) are included in the recommended budget carryovers to 2014/15FY. The
<br />expenditure variance is due to budgeted projects not being completed during the fiscal
<br />year ($2,503,927) and the accumulation of project reserves ($11,515,378); all of which
<br />are being recommended to be carried forward to the 2014/15FY as presented Table 4B.
<br />Staff is recommending Council approval of additional revenue and expenditure budget
<br />amendments of $4,051 and budget carryovers to 2014/15FY totaling $14,019,305 as
<br />shown in Tables 4A and 4B, respectively. The recommended budget amendments are
<br />the following:
<br />• Increase in revenue and expenditure budget of $4,051 to account for the
<br />interest received on developer contributions since the adoption of the Midyear
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