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<br />x A decrease of $0.05 million in the Recycled & Wate management Fund based on
<br />reduced personnel costs; and
<br />x An increase of revenue and expenditure by $0.03 million and $0.02 million,
<br />respectively, in the Urban Forestry Fund to reflect updated revenue and contract
<br />costs.
<br />Additionally, adjustments to the City’s Landscape Management District and Geological
<br />Hazard Abatement District Funds are included based on proposed FY 2024/25 rates
<br />and estimated expenditures. For full details, please refer to the FY 2024/25 Mid-Term
<br />Budget Adjustment Summary table in the Operating Budget Tables section.
<br />Capital Fund Overview
<br />The FY 2024/25 Mid-Term Capital Budget totals approximately $39.72 million, an
<br />increase of $25.54 million from $14.18 million in the adopted Budget. All the projects are
<br />funded by revenues traditionally earmarked for the City’s Capital Improvement Program.
<br />CIP Table 1 below highlights all the proposed Mid-Term adjustments by project
<br />category, as well as changes to non-capital expenditures, such as transfers and capital
<br />project staffing costs. Additional details are included in the List of Currently Funded
<br />Capital Projects & Recommended Adjustments in the Capital Budget Tables section.
<br />CIP Table 1: FY 2024/25 Mid-Term Adjustments by Category
<br />
<br />
<br />New Proposed Projects
<br />As described in CIP Table 2 below, four new projects, totaling approximately $6.92
<br />million, are recommended to be added to the Mid-Term Capital Budget.
<br />Category
<br />Adopted
<br />Budget
<br />Recommended
<br />Adjustments
<br />Mid-Term
<br />Budget
<br />Facilities $200,000 $300,000 $500,000
<br />Miscellaneous 375,000 1,130,000 1,505,000
<br />Parks 1,300,000 50,000 1,350,000
<br />Sewer 1,500,000 - 1,500,000
<br />Storm Drain 1,215,000 13,379,543 14,594,543
<br />Transportation & Streets 8,540,000 5,881,599 14,421,599
<br />Water 1,050,000 4,800,000 5,850,000
<br />Capital Project Total $14,180,000 $25,541,142 $39,721,142
<br />Other Expenditures 3,434,894 13,846,740 17,281,634
<br />Capital & Other Expenditure Total $17,614,894 $39,387,882 $57,002,776
<br />FY 2025
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