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The Miscellaneous CIP Funds ended the year with a favorable variance of actuals (plus <br />carryovers) to budget of $110,406. The difference was attributable to interest income exceeding <br />projections. Only a minor budget amendment is reflected as a Quarter 4 amendment reducing <br />the animal shelter lease payment (Appendix A). All other amendments in the Quarter 4 column <br />have previously been approved by Council. <br /> <br />MISCELLANEOUS <br /> <br /> Total <br /> <br />$ 501,229 <br /> 1,355,423 <br />$ 1,856,652 <br /> <br />$ 1,967,058 <br />$ 110,406 <br /> <br />Budgeted Ending Fund Balance <br />Plus Revenue Transfer Fwd* <br />Projected Ending Fund Balance <br /> <br />Actual Fund Balance after Carryovers <br /> <br />Variance favorable/(unfavorable) <br /> <br />*revenue received in FY04 that by policy is not budgeted for use until FY05 <br /> <br />The Streets CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to <br />budget of $199,637. The favorable variance was due to Measure B revenue being $25,200 more <br />than projected, Gas Tax revenues being $25,484 more than projected and interest income being <br />$148,953 more than projected. Revenue projections have been amended in the fourth quarter to <br />reflect additional revenues received from outside sources, such as reimbursements from other <br />agencies and developer contributions. This includes the Dougherty Valley Mitigation Project <br />reserve ($127,750), the Dublin Reimbursement for Future Projects reserve ($128,802), the <br />Reimbursement from Livermore for I580 Corridor ($123,442), Reimbursement for Vineyard <br />Corridor ($136,000), Bemal Avenue Widening ($264,826), North Sycamore Specific Plan <br />Reimbursement ($437,492) and the Bemal/I680 Interchange ($355,797). While the attached <br />worksheets in Appendix A reflect a number of project transfers/changes in the Quarter 4 <br />Amendment column, staff reports have already been approved by Council for the items in <br />italics. <br /> <br />STREETS <br /> <br /> Total <br /> <br />Budgeted Ending Fund Balance $ 1,922,766 <br />Plus Revenue Transfer Fwd* 805,930 <br />Projected Ending Fund Balance $ 2,728,696 <br /> <br />Actual Fund Balance after Carryovers $ 2,928,333 <br />Variance favorable/(unfavorable) $ 199,637 <br /> <br /> *revenue received in FY04 that by policy is not budgeted for use until FY05 <br />SR 05:017 4 <br /> <br /> <br />