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under construction through the first quarter of FY 2017/18 as well as Park CIP reserves
<br /> that remain unspent. All of the unspent project and reserve balances are being
<br /> recommended to be carried forward to the FY 2017/18 as presented in Table 4B.
<br /> Staff is recommending that Council approve budget carryovers to FY 2017/18 totaling
<br /> $10.9 million and budget adjustments totaling $3.1 million as shown in Tables 4A and
<br /> 4B, respectively. The net expenditure reduction of($2,619,463) is comprised of a $3
<br /> million reduction in New Community Park Site Acquisition Reserve to reflect the
<br /> reduced Park Dedication Fee revenues and increases of$304,874 for Bernal Park
<br /> Phase II and $75,663 for the Pleasanton Pioneer Cemetery Improvements and
<br /> Veterans Memorial project to cover actual expenditures that exceeded budget.
<br /> 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 $9,992,426 $9,992,426 $9,992,426
<br /> _Revenues 8,153,851 $50,000 8,203,851 _ 4,722,610 _($3,481,241) -42.4%
<br /> Transfers In/(Out) _ 100,000 442,506 542,506 542,506 0 0.0%
<br /> Expenditures 18,565,326 (2,619,463) 15,945,863 5,100,091 (10,845,772) -68.0%
<br /> Ending Fund Balance ($319,049)! $3,111,969 $2,792,920 $10,157,451 67,364,531
<br /> Table 4B - Parks CIP Funds Recommended Budget Carryovers to FY 2017/18
<br /> PROJECTED FUND BALANCE, JUNE 30, 2017 - $10,157,451
<br /> PROJECT CARRYOVERS:
<br /> Lions Wayside and Delucchi Parks (Design and Construction) 4,517,742
<br /> Pleasanton Tennis and Community Park -Two Add'I Tennis Courts 950,590
<br /> Marilyn Kane Trail Add! Tree Planting (Design and Construction) 263,600
<br /> Kottinger Park Emergency & Maint Access Path 100,000
<br /> Bocce Ball Courts 85,000
<br /> Pleasanton Tennis and Community Park Lights to LED Fixtures 120,000
<br /> Trails Master plan 59,898
<br /> Bemal Property -Community Farm Master Plan 108,245
<br /> TOTAL PROJECT CARRYOVERS ''` • $6,205;075
<br /> RESERVE CARRYOVERS:
<br /> _General Trail Improvements and Development Reserve 831,421
<br /> New Community Park: Site Acquisition Reserve 3,708,924
<br /> Bemal Property Trail Reserve 152,000
<br /> TOTALa RESERV{E:yCARRYOPNERS ;;�C x,, ; :$4,692,345'.
<br /> TOTALRROJECTT.�AND E Y }
<br /> V�" � 'RESERVE CAS RYOYERS�,��.r� ���� �;��, r�', ��f"4110,897;420
<br /> ADJUSTED FUND BALANCE,TJUNE;30 62017* s 7:V '" ' 3"'1 'vr:j r($tZ39 969):
<br /> *Bernal Park donation of$1,584,400 from F107 is not reflected on the fund balance
<br /> 8
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