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<br />Revenue Adjustments by Source
<br />As described in CIP Table 4 below, the FY 2024/25 CIP Mid-Term Revenue by Source
<br />of approximately $33.24 million includes recommended adjustments of approximately
<br />$17.96 million, consisting of increasing General Funds Contribution by $0.47 million,
<br />$6.00 million of new grant funds, $13.77 million Transfers from Other Funds, and
<br />reductions of $2.20 million in other categories. In the City and Non-City Development
<br />Fees category, staff is estimating that the Capital Facilities Impact Fees, Traffic Impact
<br />Fees, and Tri-Valley Transportation fees will collectively be $2.06 million less than the
<br />adopted budget. In the Gas Tax, Measure B, BB & Highway Funds category, there is an
<br />estimated reduction for Gas Tax of approximately $0.21 million based on revised
<br />revenue projections from the League of California Cities, which uses the California
<br />Department of Finance’s latest numbers.
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<br />CIP Table 4: Revenue by Source Mid-Term CIP FY 2024/25
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<br />Below is the summary of recommended Mid-Term adjustments for FY 2024/25
<br />Operating and Capital Budget:
<br />x The FY 2024/25 General Fund revenue budget will decrease by $0.20 million;
<br />the General Fund expenditure budget will increase by $1.97 million.
<br />x All Other Operating Fund budgets for FY 2024/25 will increase revenues by
<br />$6.39 million; and increase expenditures by $1.65 million.
<br />x The FY 2024/25 Capital revenue budget will increase by $17.96 million; the
<br />Capital project budget will increase by $25.54 million.
<br />For additional details, please refer to the Operating Budget Tables and Capital Budget
<br />Tables sections in this report.
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<br />CIP Revenue Sources
<br /> Adopted
<br />Budget
<br />Recommended
<br />Adjustments
<br /> Mid-Term
<br />Budget
<br />Annual General Fund Contribution $2,000,000 $471,578 $2,471,578
<br />City Development Fees 2,378,161 (1,560,593) 817,568
<br />Gas Tax, Measure B,BB & Highway Funds 7,148,596 (213,031) 6,935,565
<br />Grants and Miscellaneous 180,224 6,000,000 6,180,224
<br />Non-City Development Fees 574,714 (500,236) 74,478
<br />Transfers from Other Funds 2,989,081 13,767,000 16,756,081
<br />Total $15,270,776 $17,964,718 $33,235,494
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