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Miscellaneous Project Carryovers Continued:
<br /> Biannual Fence Installation/Repair 94,954
<br /> Annual Court Resurfacing 3,525
<br /> TOTAL PROJECT CARRYOVERS 20,075,483
<br /> RESERVE CARRYOVERS
<br /> CIPR-Capital Imp Prog Reserve 4,450,228
<br /> Pioneer Masterplan Implemen Reserve 43,768
<br /> Downtown Beautification Cip Reserve 801,616
<br /> New City Hall Site/Design Stdy 182,859
<br /> TOTAL RESERVE CARRYOVERS 5,478,471
<br /> TOTAL PROJECT AND RESERVE CARRYOVERS 25,553,954
<br /> ADJUSTED FUND BALANCE, JUNE 30, 2020 $6,729,330
<br /> Parks CIP Funds
<br /> Table 4A summarizes the FY 2019/20 activity for the Parks CIP Funds. Actual
<br /> revenues were less than the adjusted budget by $93,850 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 adjusted expenditure budget is reduced
<br /> by $170,745 related to projects that have been closed out and the unused budget
<br /> returned to fund balance.
<br /> Staff is recommending that Council approve the following:
<br /> • Decrease the revenue budget by $460,599 as described above.
<br /> • Increase the transfer-in budget by $247,148 as shown in Table 4A which is
<br /> related to donations received for the Bernal Park project that were
<br /> inadvertently deposited into another fund.
<br /> • Increase the expenditure budget by $73,268 to replenish the Pioneer
<br /> Masterplan Implementation Reserve from costs incurred for the Pioneer
<br /> Cemetery South Hill Improvement.
<br /> Table 4A - Parks CIP Funds Adjusted Budget to Actual Revenues, Transfers &
<br /> Expenditures/Reserves
<br /> Yea r-End
<br /> Amended Budget Adjusted $
<br /> Park CIP Funds Budget Amendments Budget Actual Variance Variance
<br /> Beginning Fund Balance $13,414,520 $13,414,520 $13,414,520
<br /> Revenues 881,103 (460,599) 420,504 326,654 (93,850) -22%
<br /> Transfers In/(Out) 2,090,033 247,148 2,337,181 2,337,181 -
<br /> Expenditures 15,116,741 (97,477) 15,019,264 3,815,538 (11,203,726) -75%
<br /> Ending Fund Balance $1,268,915 ($115,974) $1,152,942 $12,262,818 $11,109,876
<br /> 6
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