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Asset Seizure Fund <br /> <br /> An expenditure request for $4,000 is being made for computer equipment. <br /> <br /> Housing Funds <br /> <br /> Midyear adjustments reflect an expenditure and offsetting revenue correction of $136,440 for <br /> previously approved HOME program items that were omitted. Revenues reflect a projected <br /> increase of $50,000 for interest income and $100,000 for Lower Incoming Housing fees based on <br /> revenues already received to date. The projected balance in the Lower Income Housing Fund as <br /> of June 30, 1997 is $4.453 million, as shown in Appendix B (page 17). A reduction in the <br /> beginning fund balance of $834,000 in the Housing Loan Fund is the result of an audit entry <br /> pertaining to how the loans should be recorded on the books; therefore, there is no budget impact <br /> as a result of this adjustment (see Appendix B, page 18). <br /> <br />All Other Onerating Funds <br /> <br />Several other small corrections and budget amendments are reflected in the remaining Operating <br />Funds as shown in Appendix B (page 18). <br /> <br />CAPITAL IMPROVEMENT FUNDS <br /> <br />Recommended updates to the CIP are outlined in Appendix E, Tables 1-5 (starting on page 40). <br />The most significant of the recommended changes in the Capital Improvement Funds are <br />described below. <br /> <br />Interest income projections have been increased by a total of $390,000, spread among the various <br />Capital Improvement Funds. In Table 1 (Streets), both the revenue and expenditure for the grant <br />from the Department of Transportation for the Bernal Bridge are reflected as midyear <br />adjustments, as is the grant for the Main Street Bridge Seismic Ketrofitting. Amendments to the <br />First Street Bridge project are also reflected. An additional $183,000 from North Pleasanton <br />Improvement District #2 (NPID2) is being appropriated, and transfers among NPID2 projects are <br />shown in Table 4 CWater). Water Connection revenue estimates are being increased by <br />$200,000. As shown in Table 5 (Sewer), Sewer Connection revenue estimates are being similarly <br />increased by $100,000. <br /> <br />Numerous small expenditure adjustments and line item transfers among projects are reflected in all <br />of the five CIP categories (Tables 1-5). <br /> <br />SR97:110 12 <br /> <br /> <br />