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Table 1A - Sewer CIP Funds Adjusted Budget to Actual Revenues, Transfers & Expenditures Recommended Year-End Amended Budget $ 0/0 Sewer CIP Funds Budget Amendments Actual Variance Variance Beginning Fund Balance $12.985,600 $12,985,600 Revenues 162,312 314,982 $152,670 94.1% Transfers In/(Out) 1,200,000 1,200,000 - Expenditures 9,823,678 26,922 485,042 (9,365,558) -95.1% Ending Fund Balance $4,524,234 ($26,922) $14,015,539 $9,518,228 210% Table 1B - Sewer CIP Funds Budget Carryovers to FY 2019/20 PROJECTED FUND BALANCE, JUNE 30, 2019 $14,015,539 PROJECT CARRYOVERS: Eals/EARL Pump Station/Pipeline 4,638,991 Sewer System Master Plan/Model Update 150,000 Val Vista Underdrain To Sewer 214,001 Scada Update 347,472 Vineyard Ave Sewer Trench Repairs 55,520 Del Val Pkwy/Nevada Sewer Addition 838,874 TOTAL PROJECT CARRYOVERS** 6,244,858 ADJUSTED FUND BALANCE, JUNE 30, 2019 $7,770,681 "*The difference($3.1m) between the expenditure variance and the total carryover amount represents closed projects return unspent funding to Fund Balance Water CIP Funds Table 2A summarizes the FY 2018/19 activity for the Water CIP Funds. Actual revenues were greater than the adjusted budget by $59,650 due to connection fees and interest earnings exceeding budget. Actual expenditures were less than the adjusted budget by $7.6 million. The majority of the expenditure variance is due to budgeted projects not being completed during the fiscal year that have been carried forward to the FY 2019/20 as presented in Table 2B. Staff is recommending through this Report that Council approve additional budget amendments totaling ($133,185) as follows: • Increase the expenditure budget by $176,825 for various projects that exceeded the budget. • Increase in transfers-in of $43,640 from developer fees to cover Vineyard Area Plan loan repayment. 3