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Miscellaneous CIP Funds <br /> Table 3A summarizes the FY 2018/19 activity for the Miscellaneous CIP Funds. Actual <br /> revenues were greater than the adjusted budget by $410,577 due to investment <br /> earnings and development impact fees exceeding budget. Actual expenditures were <br /> less than adjusted budget by $24.5 million. The expenditure variance is due to projects <br /> not yet completed, all of which have been carried forward to FY 2019/20 as presented in <br /> Table 3B. <br /> Staff is recommending that Council approve budget adjustments totaling ($50,000) as <br /> shown in Table 3A, which is related to cost overruns on Fire Station #4 Parapet Wall <br /> Repair project. <br /> Table 3A - Miscellaneous CIP Funds Adjusted Budget to Actual Revenues, <br /> Transfers & Expenditures/Reserves <br /> Recommended <br /> Year-End <br /> Amended Budget Adjusted $ <br /> Misc CIP Funds Budget Amendments Budget Actual Variance Variance <br /> Beginning Fund Balance $28,952,657 $28,952,657 $28,952,657 <br /> Revenues 970,136 - 970,136 1,380,713 $410,577 423% <br /> Transfers In/(Out) 1,373,503 1,373,503 1,373,503 - <br /> Expenditures 25,340,871 50,000 25,390,871 1,309,706 (24,081,165) -94.8% <br /> Ending Fund Balance $5,955,425 ($50,000) $5,905,425 $30,397,167 $24,491,742 <br /> 5 <br />