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Page 9 of 23
<br />Table 8. Repair and Replacement Fund Changes
<br />
<br />
<br />Special Revenue Funds
<br />Recommended changes to special revenue funds include increasing revenue estimates
<br />by $0.85 million and expenditure estimates by $0.37 million collectively. Changes
<br />include:
<br />x An increase of revenue and expenditure by $0.05 million in the Bernal Donations
<br />Fund based on estimated donation
<br />x An increase of $0.30 million in the Community Development Block Grant Fund
<br />based on new grants awarded to local organizations
<br />x A revenue decrease of $0.07 million and an expenditure increase of $0.01 million
<br />in the HOME Program Fund based on estimated federal grant funding and grant
<br />award totals
<br />x An expenditure decrease of $0.12 million in the Lower Income Housing Fund
<br />x A revenue increase by $0.04 million and an expenditure decrease by $0.12
<br />million, respectively, in the Operating Grants Fund based on latest grant funding
<br />and projected spending estimates
<br />x An increase of revenue and expenditure by $0.80 million and $0.19 million,
<br />respectively, in the Pleasanton Garbage Service Rate Reserve Fund based on
<br />new rate and grant revenues and added personnel costs
<br />Adopted Recommende d Mid-Term
<br />Budget Adjustments Budget
<br />Expenditure Adjustment
<br />Vehicle Replacement $971,000 ($300,000) $671,000
<br />Police Repair & Replacement 724,850 148,500 873,350
<br />Fire Apparatus Replacement - 277,833 277,833
<br />Equipment Replacement 275,000 175,000 450,000
<br />Golf Repair & Replacement 345,000 100,000 445,000
<br />Park & Median Renovation 1,025,000 (730,000) 295,000
<br />General Liability Insurance 4,648,050 264,373 4,912,423
<br />Total $7,988,900 ($64,294) $7,924,606
<br />Revenue Adjustment
<br />Park & Median Renovation $1,118,000 ($730,000) $388,000
<br />General Liability Insurance 4,122,050 830,950 4,953,000
<br />Total $5,240,050 $100,950 $5,341,000
<br />Increased legal and related claims
<br />budget offset by reduction in general
<br />liability insurance premiums
<br />Reduced contribution based on the tree
<br />maintenance contract moving to the
<br />General Fund
<br />Increased contribution from the General
<br />Fund based on additional legal and
<br />claims spending in FY 2024, as well as
<br />projected funding need in FY 2025
<br />Repair & Replacement Fund
<br />FY 2025
<br />Explanation
<br />Removal of the tree maintenance
<br />contract budget
<br />Reduced based on vehicles being
<br />purchased and no longer leased, as well
<br />as deferring the purchase of paratransit
<br />bus
<br />Additional funding needed to switch to
<br />hybrid police interceptor vehicles
<br />Loan payment budget for the 5-year fire
<br />engine lease-purchase option in FY 2024
<br />Replacing a bobcat equipment due to
<br />CARB compliance regulations
<br />Renovations to bunkers and tees at
<br />various holes
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