|
Table 4A - Parks CIP Funds Adjusted Budget to Actual Revenues, Transfers &
<br /> Expenditures/Reserves
<br /> Recommended
<br /> Year-End
<br /> Amended Budget Adjusted $
<br /> Parks CIP Funds Budget Amendments Budget Actual Variance Variance
<br /> Beginning Fund Balance $ 15,312,715 $ 15,312,715 $ 15,312,715
<br /> Revenues 4,018,407 $ 25,236 4,043,643 4,377,813 $ 334,170 8.3%
<br /> Transfers In/(Out) 1,594,490 1,594,490 1,569,490 $ (25,000) -1.6%
<br /> Expenditures 19,149,417 49,738 19,199,155 2,140,049 (17,059,106) -88 9%
<br /> Ending Fund Balance $ 1,776,195 $ (24,502) $ 1,751,693 $ 19,119,969 $ 17,368,276
<br /> Table 4B - Parks CIP Funds Recommended Budget Carryovers to FY 2015/16
<br /> PROJECTED FUND BALANCE, JUNE 30, 2015 $ 19,119,969
<br /> REVENUE CARRYOVERS:
<br /> East Bay Regional Park District Measure WW Park Bond Extension Grant 680,538
<br /> TOTAL REVENUE CARRYOVERS $ 680,538
<br /> PROJECT CARRYOVERS:
<br /> Lions Wayside Park Improvements (design) 70,979
<br /> Pleasanton Tennis and Community Park —Two Addl. Tennis Courts (Design) 50,000
<br /> Rotary Park Phase I 34,327
<br /> TOTAL PROJECT CARRYOVERS $ 155,306
<br /> RESERVE CARRYOVERS:
<br /> General Trail Improvements and Development Reserve 849,121
<br /> Bernal Property Improvements Reserve (Phase II) 14,270,177
<br /> New Community Park: Site Acquisition Reserve 1,632,502
<br /> Bernal Property Trail Reserve 152,000
<br /> TOTAL RESERVE CARRYOVERS $ 16,903,800
<br /> TOTAL PROJECT AND RESERVE CARRYOVERS $ 17,059,106
<br /> ADJUSTED FUND BALANCE, JUNE 30, 2015 $ 2,741,401
<br /> *Per Developer Contributions worksheet maintained by the Finance Department
<br /> Streets CIP Funds
<br /> Table 5A summarizes the FY 2014/15 activity for the Streets CIP Funds. Actual
<br /> revenues were greater than the adjusted budget by $414,402 as a result of the following
<br /> revenues exceeding budget: Tri-valley Transportation fees, Gas Tax, Measure B & F,
<br /> and Freeway Interchange Fees. Actual expenditures were less than adjusted budget by
<br /> $21.4 million. The majority of the expenditure variance is due to budgeted projects of
<br /> $15.2 million not completed during the fiscal year and the accumulation of project
<br /> reserves of $6.3 million all of which are being recommended to be carried forward to the
<br /> FY 2015/16 as presented in Table 5B.
<br /> Staff is recommending through this Report that Council approve additional revenue and
<br /> expenditure budget amendments totaling $84,050 and $491,187, respectively, and
<br /> budget carryovers to FY 2015/16 totaling $21.4 million as shown in Tables 5A and 5B,
<br /> respectively. The recommended budget amendments are the following:
<br /> Page 7 of 11
<br />
|