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Table 2A -Water CIP Funds Adjusted Budget to Actual Revenues, Transfers & Ex penditures
<br /> Recommended
<br /> Year-End
<br /> Amended Budget Adjusted $ %
<br /> Water CIP Funds Budget Amendments Budget Actual Variance Variance
<br /> Beginning Fund Balance $ 16,459,577 $ 16,459,577 $ 16,459,577
<br /> Revenues 17,864,093 $ (309,608) 17,554,485 5,178,475 $(12,376,010) -70 5%
<br /> Transfers In/(Out) 1,700,000 1,700,000 1,630,231 (69,769) -4 1%
<br /> Expenditures 24,903,361 (309,108) 24,594,253 16,184,165 (8,410,088) -342%
<br /> Ending Fund Balance $ 11,120,309 $ (500) $ 11,119,809 $ 7,084,118 $ (4,035,691)
<br /> Table 2B -Water CIP Funds Recommended Budget Carryovers to FY 2016/17
<br /> PROJECTED FUND BALANCE, JUNE 30, 2016 $ 7,084,118
<br /> REVENUE CARRYOVERS:
<br /> State Water Resources Control Board Loan/Grant 12,571,477
<br /> TOTAL REVENUE CARRYOVERS $ 12,571,477
<br /> PROJECT CARRYOVERS:
<br /> Old Stanley Blvd Reconstruction and Undergrounding Utility 282,154
<br />! Advanced Metering Infrastructure 3,000,000
<br /> Water Connection Fee Update 25,000
<br /> Water Rate Analysis 9,432
<br /> Water Telemetry Upgrades 85,966
<br /> Recycled Water Infrastructure 2,140,659
<br /> Ruby Hill- Additional Water Storage 100,000
<br /> Water Master Plan Update 62,470
<br /> Water Treatment Chemical Storage Building 350,000
<br /> Bi-Annual Water Quality Improvement Project 125,025
<br /> Bi-Annual Electrical Panel Upgrades and Restorations 72,529
<br /> Bi-Annual Control Valve Installation 125,431
<br /> Bi-Annual Replacement of Polybutylene Service Laterals 38,545
<br /> Annual Water Pump and Motor Repairs 515,133
<br /> Bi-Annual Overhaul of Emergency Water Generators 10,801
<br /> 131-Annual Water Tank Corrosion Repairs 200,000
<br /> Annual Water Main Repl Projects 364,008
<br /> Bi-Annual Pressure Reducing Station Rehabilitation 36,912
<br /> Annual Replacement of Water Meters 527,840
<br /> Del Valle Parkway Water Main Extension 585,824
<br /> Future Designated CIP Projects* 103,236
<br /> TOTAL PROJECT CARRYOVERS $ 8,760,965
<br /> ADJUSTED FUND BALANCE, JUNE 30, 2016 $ 10,894,630
<br /> * Per Developer Contributions worksheet maintained by the Finance Department
<br /> Miscellaneous CIP Funds
<br /> Table 3A summarizes the FY 2015/16 activity for the Miscellaneous CIP Funds Actual
<br /> revenues were less than the adjusted budget by $765,334 as a result of some of the
<br /> public facilities development impact fees that were anticipated in FY 2015/16 being paid
<br /> in FY 2016/17 Actual transfers were $68,413 less than the adjusted budget as a result
<br /> of the Happy Valley Trails fees paid and transferred out to repay the City's General
<br /> Fund Actual expenditures were less than adjusted budget by $12 5 million The
<br /> expenditure variance is due to projects not yet completed all of which are being
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