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Table 1B - Sewer CIP Funds Budgets Carryover FY 2021/22
<br />PROJECTED FUND BALANCE, JUNE 30, 2021
<br />$ 16,074,298.49
<br />PROJECT CARRYOVERS:
<br />EALS/EARS PS AND PIPELINE
<br />4,632,565'
<br />ROSE AVENUE SEWER IMPROVEMENTS
<br />1,000,000
<br />NEVADA ST SEWERIMPROVEMENTS "
<br />838,874'`
<br />LS7&LS8 VENTILATION/LIGHTING IMPROV
<br />702,122
<br />SEWER CAPACITY EVALUATION
<br />150,000;'
<br />EMER POWER IMPROVEMENTS UTILITY SYS
<br />50,000
<br />TOTAL PROJECT CARRYOVERS
<br />7,373,561
<br />ADJUSTED FUND BALANCE, JUNE 30,2021
<br />$ 8,700,738
<br />Water CIP Funds
<br />Table 2A summarizes the FY 2020/21 activity for the Water CIP Funds. Actual revenues
<br />were lower than the amended budget by $103,193 due to reduced interest earnings.
<br />Actual expenditures were less than the adjusted budget by $4.4 million. The
<br />expenditure variance is due to budgeted projects not being completed during the fiscal
<br />year that have been carried forward to FY 2021/22 as presented in Table 213. The
<br />adjusted expenditure budget is reduced by $3.1 million related to projects that have
<br />been closed out and the unused budget returned to fund balance. Transfers include an
<br />additional $1.25 million allocation proposed by staff as part of the FY 2020/21 year-end
<br />operating budget report for Drought recovery and PFAS projects.
<br />Staff is recommending that Council approve the following:
<br />• Decrease the revenue budget by $103,193
<br />• Increase the transfer budget by $1,249,183
<br />Table 2A - Water CIP Funds Adjusted Budget to Actual Revenues, Transfers & Expenditures
<br />Page 3 of 9
<br />Year End
<br />Amended
<br />Budget
<br />Adjusted
<br />%
<br />Water CIP Funds
<br />Budget
<br />Amendments
<br />Budget
<br />Actual
<br />$ Variance
<br />Variance
<br />Beginning Balance
<br />$ 3,797,563
<br />$ -
<br />$ 3,797,563
<br />$ 3,797,563
<br />$ -
<br />0%
<br />Revenues
<br />341,161
<br />(103,193)
<br />237,968
<br />237,968
<br />-
<br />0%
<br />Transfer
<br />5,233,129
<br />1,249,183
<br />6,482,312
<br />6,482,312
<br />-
<br />0%°
<br />Expenditures
<br />9,585,287
<br />(3,091,101)
<br />6,494,186
<br />2,106,607
<br />(4,387,579)
<br />-68%
<br />Ending Fund Balance
<br />$ (213,434)
<br />$ 4,237,090
<br />$ 4,023,657
<br />$ 8,411,235
<br />1 $ 4,387,579
<br />Page 3 of 9
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