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that authorized the developer to build a public plaza instead of depositing
<br /> $372,271 in the Downtown Parking In-lieu Fund.
<br /> • $75,628 loan payment to the California Energy Commission (CEC) related to
<br /> the LED project.
<br /> • $627,729 deposit to the CIP reserves to be allocated to CIP projects in the
<br /> future.
<br /> As a result of these adjustments the unencumbered ending fund balance is projected to
<br /> be $5.6 million on June 30, 2016.
<br /> Table 3. Miscellaneous CIP Funds
<br /> FY 2015/16 Adjustments FY 2015/16 Recommended FY 2015116
<br /> Original Approved by City Council Adjusted Mid-year Mid-year
<br /> Budget Carryovers Others Budget Adjustments Budget
<br /> Beginning Fund Balance $13,036,804 $13,036,804 $13,036,804
<br /> Plus Revenues 1,512,254 1,512,254 $ 248,961 1,761,215
<br /> Transfers In 3,260,000 $ 1,208,218 4,468,218 1,000,000 5,468,218
<br /> Transfers Out 1,375,000 1,375,000 372,271 1,747,271
<br /> Less Evenditures/Reserves 4,217,487 $ 6,798,756 1,215,501 12,231,744 703,357 12,935,101
<br /> Ending Fund Balance $12,216,571 $ (6,798,756) $ (7,283) $ 5,410,532 $ 173,333 $ 5,583,865
<br /> Parks CIP
<br /> Recommended Midyear adjustments to the Parks CIP funds are shown in Table 4 and
<br /> include a decrease in projected revenues of $2,900 due to interest earnings from Parks
<br /> CIP fund balance projected to be less than budgeted. There is an increased expenditure
<br /> of $63,600 for the Marilyn Kane Trail Project for additional tree plantings. As a result of
<br /> these changes the unencumbered ending fund balance is projected to be $1.5 million on
<br /> June 30, 2016.
<br /> Table 4. Parks CIP Funds
<br /> FY 2015/16 Adjustments FY 2015116 Recommended FY 2015/16
<br /> Original Approved by City Council Adjusted Mid-year Mid-year
<br /> Budget Carryovers Others Budget Adjustments Budget
<br /> Beginning Fund Balance $19,119,967 $19,119,967 $19,119,967
<br /> Plus Revenues 2,418,764 $ 680,538 $ 7,350 3,106,652 $ (2,900) 3,103,752
<br /> Transfers In 200,000 200,000 200,000
<br /> Transfers Out - - -
<br /> Less Expenditures/Reserves 3,748,370 17,059,106 26,110 20,833,586 63,600 20,897,186
<br /> Ending Fund Balance $17,990,361 $(16,378,568) $ (18,760) $ 1,593,033 $ (66,500) $ 1,526,533
<br /> Streets CIP
<br /> Recommended Midyear adjustments to the Streets CIP funds are shown in Table 5 and
<br /> described in more detail below and include an increase in projected revenues of$211,120
<br /> and increases in expenditures of$302,502.
<br /> • Revenue adjustments of$211,120 include $74,633 in Interchange Fees from the City
<br /> of Dublin, $15,850 in Dougherty Valley Mitigation fees, $109,947 HBPOA LED Street
<br /> Light Loan, $3,490 developer contribution, and $7,200 in interest income.
<br /> • Expenditure adjustments of $302,502 include increases for Bridge Improvements
<br /> Project of$60,000, right-of-way transfer to Caltrans$85,000, annual street resurfacing
<br /> projects of$123,529, miscellaneous refunds of$3,490, $90,483 to CIP reserves to be
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