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allocated in the future and a budget reduction of$60,000Street Sinking Repair—West
<br /> Las Positas project.
<br /> As a result of these adjustments the unencumbered ending fund balance is projected to
<br /> be $9 million on June 30, 2016.
<br /> Table 5. Streets CIP Fund
<br /> FY 2015116 Adjustments FY 2015/16 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 $29,998,330 $29,998,330 $29,998,330
<br /> Plus Revenues 10,565,640 $ 792,456 11,358,096 $ 211,120 11,569,216
<br /> Transfers In 1,175,000 1,175,000 1,175,000
<br /> Transfers Out - - -
<br /> Less Expenditures/Reserves 10,562,397 21,446,818 $ 1,394,809 33,404,024 302,502 33,706,526
<br /> Ending Fund Balance $31,176,573 $(20,654,362) $(1,394,809) $ 9,127,402 $ (91,382) $ 9,036,020
<br /> CONCLUSION
<br /> At this time staff is not recommending any additional increases to funding for new CIP
<br /> projects. Instead, these recommendations will be forth coming when staff brings forward
<br /> the FY 2016-17 Midterm Budget Review for Council's approval in June 2016.
<br /> Submitted by: Approved y:
<br /> l
<br /> /f r")Q
<br /> Tina Olson Nelson Fialho
<br /> Director of Finance City Manager
<br /> Attachments:
<br /> 1. Resolution
<br /> 2. Attachment 1 — FY 2015/16 CIP Recommended Midyear Budget Adjustments
<br /> 3. Attachment 2 — FY 2015/16 CIP Adjusted Budget
<br /> Page 4 of 4
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