SR 05:300 - Laserfiche WebLink

The Parks CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to budget of$259,718. The difference was attributable to interest income exceeding projections by $253,440 and Measure B funds for trails exceeding projections by $6,278. The items shown in the Quarter 4 Amendment column in Appendix E have already been approved by Council. Staff is showing a transfer of $769,000 from the General Trail project to the Ironhorse Trail project, however this is not a true transfer. That money has already been appropriated for the Ironhorse Trail and is just being segregating into its own project to increase clarity. PARKS Total Budgeted Ending Fund Balance $ 914.799 Plus Revenue Transfer Fwd -0- Projected Ending Fund Balance $ 914,799 Actual Fund Balance after Carryovers $ 1.174.517 Variance favorable/(unfavorable) $ 259,718 The Miscellaneous CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to budget of $307,650. Some of the difference was attributable to interest income exceeding projections by $166,806. There was also a favorable variance of $133,419 due to debt service savings and a favorable variance of $7,425 due to the receipt of a developer contribution. There are four minor budget amendments reflected in the Quarter 4 Amendments column totaling $2,507. The $37,727 for the Youth Center Feasibility Study was already approved by Council. MISCELLANEOUS Total Budgeted Ending Fund Balance $ 1.517.591 Plus Revenue Transfer Fwd- 429,815 Projected Ending Fund Balance $ 1.947,406 Actual Fund Balance after Carryovers $ 2.255,056 Variance favorable/(unfavorable) $ 307,650 *revenue received in FY05 that by policy is not budgeted for use until FY06 SR 05:300 19