Laserfiche WebLink
Table 3B - Miscellaneous CIP Funds Recommended Budget Carryovers to FY <br /> 2019/20 <br /> PROJECTED FUND BALANCE, JUNE 30, 2019 $30,397,167 <br /> PROJECT CARRYOVERS: <br /> Landscape Median Const & Renov 150,159 <br /> Fs#4 - Repairs Parapet Walls 50,000 <br /> Library Roof Replacement 1,090,000 <br /> Pls Pioneer Cemetery Mstr Pln 191,555 <br /> Bi-Annual Storm Repairs/Impr 50,000 <br /> Ada Transition Plan 120,000 <br /> Trash Capture Device 206,132 <br /> Bi-Annual Storm Repair/Improvements 403,731 <br /> Design/Construct New Fire Station 3 3,627,377 <br /> City Parking Lots - Resurfacing 228,759 <br /> Bi-Annual Fence Installation/Repair 94,954 <br /> Annual Trash Capture Devices 300,000 <br /> Expand Parking On Downtown Trans Co 2,046,144 <br /> Annual Soundwall Repair/Replace 616,642 <br /> Design Eoc At Fire Training Facilit 400,000 <br /> Design Fire Station #2 Improvements 483,000 <br /> Valley Ave Soundwall Replacement 500,000 <br /> Climate Action Plan (Cap) Update 150,000 <br /> Downtown Beautification Cip Reserve 942,802 <br /> TOTAL PROJECT CARRYOVERS** 11,651,255 <br /> RESERVE CARRYOVERS <br /> CIPR-Capital Imp Prog Reserve 12,608,157 <br /> Pioneer Masterplan Implemen Reserve 263,911 <br /> New City Hall Site/Design Stdy 182,859 <br /> TOTAL RESERVE CARRYOVERS 13,054,927 <br /> TOTAL PROJECT AND RESERVE CARRYOVERS 24,706,182 <br /> ADJUSTED FUND BALANCE, JUNE 30, 2019 $5,690,985 <br /> **The difference($0.8m) between the expenditure variance and the total carryover amount <br /> represents closed projects return unspent funding to Fund Balance <br /> Parks CIP Funds <br /> Table 4A summarizes the FY 2018/19 activity for the Parks CIP Funds. Actual <br /> revenues were less than the adjusted budget by $847,164 due to actual development <br /> impact fees received being less than the amended budget as well as federal and state <br /> grant funds budgeted but not yet received. The expenditure variance of $12.8 million is <br /> primarily due to projects not completed in FY 2018/19 as well as Park CIP reserves that <br /> remain unspent. The unspent project and reserve balances have either been carried <br /> forward to FY 2019/20 or closed out, and the unused balances returned to fund balance <br /> to be allocated to projects in the future as presented in Table 4B. <br /> Staff is recommending that Council approve budget adjustments totaling $157,976 as <br /> shown in Table 3A $60,991 of which is related to cost overruns on a few projects and an <br /> 6 <br />