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Miscellaneous CIP Funds Table 3A summarizes the FY 2016/17 activity for the Miscellaneous CIP Funds. Actual revenues were less than the adjusted budget by $884,396 as a result of some of the public facilities development impact fees that were anticipated in FY 2016/.17 being paid in FY 2017/18. Actual transfers were $135 less than the adjusted budget. Actual expenditures were less than adjusted budget by $18.6 million. The expenditure variance is due to projects not yet completed all of which are being recommended to be carried forward to FY 2017/18 as presented Table 3B. Staff is recommending that Council approve budget carryovers to FY 2017/18 totaling $18.6 million and budget adjustments totaling ($106,509) as shown in Tables 3A and 3B, respectively. There is a $1.8 million increase in both transfers in and expenditures which part of the $6.5 million General Fund FY 2016/17 operating surplus that staff proposed to allocate to the CIP reserves. The remaining $106,509 increase in expenditures is related to three projects (Oak Tree Farms Subdivision, Citywide Debris Removal and Yolanda Court Outfall Repair) that are included in the FY 2017/18 CIP that staff initiated in June of 2017. The FY 2017/18 mid-year CIP budget will be reduced by $106,509 to reflect this increase. Table 3A - Miscellaneous CIP Funds Adjusted Budget to Actual Revenues, Transfers & Expenditures/Reserves R'ecommended Year='End - Amended Budget: Adjusted $ % MiscClPTunds. , . ;Budget Amendments. 'Budget . Actual Variance Variance Beginning Fund Balance $17,403,427 $17,403,427 $17,403,427 _Revenues _ __ _ __ 3,173,926 _ __ __ 3,173,926 2,289,530 _ ($884,396) -27.9% Transfers In/(Out) _ 8,128,796_ $1,843,347 9,972,143 9,972,008 (135) 0.0% Expenditures 22,061,101 1,949,856 24;010,957 5,418,707 (18,592,250) -77.4% Ending Fund''Balance ' $6;645,048 ($106,509)I $6,538,539' 04;246,258 "$17;707,7.19 6