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The Water CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to <br />budget of $78,080. The majority of the difference was attributable to interest income, which <br />was $80,377 more than projected. Staff is recommending that the Rose Avenue Water Main <br />Project #011019 be increased by $460 and closed out. Staffis also recommending an increase <br />to the transfer to the General Fund for engineering and inspection services of $22,485. <br /> <br />WATER <br /> <br /> Total <br /> <br />Budgeted Ending Fund Balance $ 5,631,849 <br />Plus Revenue Transfer Fwd* 486,404 <br />Projected Ending Fund Balance $ 6,118,253 <br /> <br />Actual Fund Balance after Carryovers 6,196,333 <br />Variance favorable/(unfavorable) $ 78,080 <br /> <br />*revenue received in FY04 that by policy is not budgeted for use until FY05 <br /> <br />The Parks CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to <br />budget of $5,350. The difference was attributable to interest income not meeting projections by <br />$1,897 and Measure B funds for trails exceeding projections by $7,247. The items shown in the <br />Quarter 4 Amendment column in Appendix A have already been approved by Council. <br /> <br />PARKS <br /> <br /> Total <br /> <br />Budgeted Ending Fund Balance $ 826,030 <br />Plus Revenue Transfer Fwd* 2,679,997 <br />Projected Ending Fund Balance $ 3,506,027 <br /> <br />Actual Fund Balance after Carryovers $ 3,511,377 <br />Variance favorable/(unfavorable) $ 5,350 <br /> <br />*revenue received in FY04 that by policy is not budgeted for use until FY05 <br /> <br />SR05:017 3 <br /> <br /> <br />