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Table 2B - Water CIP Funds Budget Carryovers to FY 2020/21 <br /> PROJECTED FUND BALANCE, JUNE 30, 2020 $12,984,315 <br /> PROJECT CARRYOVERS: <br /> Recycled Wtr Infras Exp-Design 17,984 <br /> Bridge Improvements 225,000 <br /> Water Quality Evaluation 246,514 <br /> Scada Update Water 109,561 <br /> Water Tank Corrosion Repair 997,870 <br /> Santa Rita/Hopyard Piping Improv 559,904 <br /> Water Capacity Evaluation 368,826 <br /> Tri-Valley Potable Reuse Studies 300,000 <br /> Annual Recycled Water R&R 345,257 <br /> Foothill And Sycamore Rcs 750,000 <br /> Risk And Resilience Assessment 179,162 <br /> Nevada Street Water Improvements 840,930 <br /> TOTAL PROJECT CARRYOVERS** 4,941,008 <br /> ADJUSTED FUND BALANCE, JUNE 30, 2020 $8,043,307 <br /> **The difference($370K) between the expenditure variance and the total carryover amount <br /> represents interfund expenses <br /> Miscellaneous CIP Funds <br /> Table 3A summarizes the FY 2019/20 activity for the Miscellaneous CIP Funds. Actual <br /> revenues were less than the amended budget by $728,273 due to less than anticipated <br /> development impact fees that were offset by increased interest income, donations, and <br /> grant funding. The adjusted expenditure budget is reduced by $150,000 related to <br /> projects that have been closed out and the unused budget returned to fund balance. <br /> Actual expenditures were less than adjusted budget by $25.6 million. The expenditure <br /> variance is due to projects not yet completed, all of which have been carried forward to <br /> FY 2020/21 as presented in Table 3B. <br /> Staff is recommending that Council approve: <br /> • Reduce the revenue budget by $728,273 as described above. <br /> • Increase the expenditure budget by $732,548 for loan expense incurred for <br /> Hacienda Business Park landscape renovation. <br /> • Increase the expenditure budget by $1,065 to cover Animal Shelter debt <br /> service expenses. <br /> 4 <br />