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PROJECT CARRYOVERS (Continued): 2023 Storm Repairs & Improvements 246,226 2023 Installation of Trash Capture Devices 150,000 TOTAL PROJECT CARRYOVERS 19,889,469 RESERVE CARRYOVERS CIPR - Capital Improvement Program Reserve 1.220.700 Downtown Beautification CIP Reserve 463,303 TOTAL RESERVE CARRYOVERS 1,684,003 TOTAL PROJECT AND RESERVE CARRYOVERS 21,573,473 ADJUSTED FUND BALANCE, JUNE 30, 2022 $10,050,784 Streets CIP Funds Table 5A summarizes the FY 2021/22 activity for the Streets CIP Funds. Actual revenues were lower than the amended budget by $10.1 million mainly due to revenues that were not received in FY 2021/22 but are anticipated in FY 2022/23, and lower than expected traffic impact fee revenues. Actual net transfers were higher by $0.6 million due to transfer out of funds that were previously erroneously categorized as developer contributions and deposited in the Streets Developer Contribution Fund. Actual expenditures were less than the adjusted budget by $53.1 million. Approximately $2.0 million in savings were from multiple categories, including from projects that have been closed out and some of the right-of-way costs associated with the Johnson Drive Economic Development Zone were not incurred until in FY 2022/23. The remaining $51.1 million is 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 5B. As part of the FY 2022/23 mid-year budget review, staff will update the revenue projection for traffic impact fees and grant/project related revenues. Adjustments to certain project budgets will be presented to the City Council for consideration. Table 5A — Streets CIP Funds —Adjusted Budget to Actuals Amended $ Streets CIP Funds Budget Actual Variance Beginning Fund Balance $43.101,289 $43,101,289 Revenues 18,939,592 8,813,811 (10,125,781) Transfers In/(Out) (828,103) (1,406,618) (578,515) Expenditures 61,557,995 8,453,427 (53,104,568) Ending Fund Balance ($345,217) $42,055,054 Page 6 of 8