SR 05:167 - Laserfiche WebLink

Also discussed later, additional transfers from the General Fund to support Storm Drain Fund operations are included in this budget, the need for which was projected in the last two-year budget. 2004-05 reflects the transfer back from the Housing Loan Fund to the Lower Income Housing fund of about $1.56 million. Staff did an accounting update on the loan funds and determined that this amount is now available for other Lower Income Housing purposes. The summary by Operating Fund is provided below: NET TRANSFERS IN/(OUT) 2004-05 2005-06 2006-07 From General Fund to the CIP $(5,800,000 ) $(5,000,000 ) $(5,000,000 ) From General Fund to the Golf General Fund Debt/Cash Flow Reserve 0 (1,600,000) 0 To 2003 COP debt (Callippe Preserve) from the Golf Fund* 0 1,593,095 1,592,120 To 2003 COP debt (Sr. Center) from Misc CIP 392,470 393,020 398,195 From General Fund to the Storm Drain Fund (operating subsidy) (100,000 ) (100,000 ) (100,000 ) To Storm Drain (operating subsidy) from the General Fund 100,000 100,000 100,000 From Water & Sewer Funds to CIP (4,042,467 ) (3,776,295 ) (3,857,413 ) From Park & Median Renovation to the Park CIP (770,500 ) 0 0 From Downtown Economic Development Loan Fund to Community Development Block Grant (CDBG) 0 (10,000 ) 0 To CDBG from Downtown Economic Development Loan Fund 0 10,000 0 From Housing Loan Fund to Lower Income Housing Fund 1,555,273 0 0 TOTAL NET TRANSFERS-OUT FROM THE OPERATING BUDGET $(8,665,224 ) $(8,390,180 ) $(6,867,098 ) * Source of funding will be a combination of existing debt service reserve funds and golf course operations revenue. As part of the budget to be prepared in September or October 2005 for the golf course operations, the breakdown will be better defined. b-10