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Streets CIP Funds Table 5A summarizes the FY 2020/21 activity for the Streets CIP Funds. The adjusted revenue budget is reduced by $1.4 million which is to be carried forward for projects with delayed revenues anticipated in FY 2021/22. Actual revenues were $6.1 million less than the adjusted budget. This is explained mainly by two projects. 1) The anticipated $4.5 million Traffic Impact Fees (TIF) no longer be received in lieu of transportation improvements required for the JDEDZ, and 2) $1.4 million grant funding will not be received as the City has postponed the Bernal Park and Ride project (18548). The remaining $200,000 is lower revenues due to interest income and development fees. The adjusted expenditure budget is reduced by $2 million related to projects that have been closed out and the unused budget returned to fund balance. Actual expenditures were less than the adjusted budget by $41.5 million. The expenditure variance is due to budgeted projects not completed during the fiscal year and the accumulation of project reserves, all of which have been carried forward to FY 2021/22 as presented in Table 5B. Staff is recommending that Council approve the following: • Decrease the revenue budget by $6,084,913 as described above. • Decrease the transfer budget by $2,162. Table SA - Stream CP Funds Ad i steat B daet to ActuatReveeues.Transfers & ExDendkures d R ! Page 7 of 9 Year'End Amended Budget A €f % Seeds CIP Ful Bu€et Amendments Budget Actual $ va ian€e Varlancel B "O Balance 4 45 ,142 S S 4S x,.142 $ 4k65%142 $ g� ho`,��,,,�...�.£..ffi. Transferal (Litt) 1066,529 R116Z 1,064,367 .>.ot 11 ? , 0% SEE ,.. Fund Balance 7,�t 4,� t t S ,ZQ,5 S 634&7&3' 4Z95,6,;941 d R ! Page 7 of 9