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Sewer CIP Funds Table 1A summarizes the FY 2021/22 activity for the Sewer CIP Funds. The Amended Budget is the original budget plus all budget amendments approved by City Council through June 30, 2022. Actual revenues are higher than the amended budget by $35,788 which was due to higher interest income. Actual net transfers were lower by $0.6 million due to a transfer out to the Sewer Operating Fund for the development of operations and maintenance program for the sanitary sewer system, as authorized by City Council. Actual expenditures are lower than the amended budget by $9.1 million, where approximately $7.6 million is due to projects that have been closed out and the unused budget returned to fund balance and $1.6 million due to budgeted projects not completed during the fiscal year, all of which have been carried forward to the FY 2022/23 as presented in Table 1 B. Note that the improvement needs and scope for certain closed out projects will be revisited as part of the Sewer Capacity Evaluation Project. Resulting recommended improvements will be incorporated into a new project. Table 1A — Sewer CIP Funds — Adjusted Budget to Actuals Amended $ Sewer CIP Funds Budget Actual Variance Beginning Fund Balance 315.946.068 $15.946.068 Revenues 168,248 204,036 35,788 Transfers In/(Out) 1,175,000 575.000 (600.000) Expenditures 10,057,231 902,950 (9,154,281) Ending Fund Balance $7,232,086 $15,822,155 Table 1B - Sewer CIP Funds Project Carryovers to FY 2022/23 PROJECTED FUND BALANCE, JUNE 30, 2022 $15,822,155 PROJECT CARRYOVERS. Sewer Capacity Evaluation 280,814 Sewer System Management Plan 300,000 East Amador Lift Station (EALS) 600,000 2023 Sewer Collection System 392,500 TOTAL PROJECT CARRYOVERS 1,573,314 ADJUSTED FUND BALANCE, JUNE 30, 2022 $14,248,841 Water CIP Funds Table 2A summarizes the FY 2021/22 activity for the Water CIP Funds. Actual revenues were slightly higher than the amended budget by $6,091 due to additional interest earnings. Actual net transfers were higher by $56,443 due to a transfer into the Water CIP Funds related to a partial repayment of the Vineyard Revenue Loan. Actual expenditures are lower than the amended budget by approximately $5.4 million, based on $1.1 million savings from projects that have been closed out, offset by an increase of $0.8 million for interfund expenses and loan payments to the State Water Resources Control Board. The remaining $5.1 million is for budgeted projects not completed during the fiscal year, all of which have been carried forward to the FY 2022/23 as presented in Table 2B. Page 2 of 8