RES 96070 - Laserfiche WebLink

than originally adopted. However, if staffs recommendations are adopted, revenue in the General Fund is projected to be $368,000 more than the projections made last fiscal year, resulting in General Fund revenue projections being increased from $38.6 million to $39 million. A detailed discussion of General Fund revenues is included on pages 3 through 5 of the mid-term budget. Staff is recommending an additional $1,013,000 in General Fund expenditure appropriations. Of this amount, a net $208,000 relates to personnel expenditures and $805,000 relates to non-personnel expenditures. About $480,000 of the expenditure increase is offset directly by increased revenues and transfers. Staff is also recommending that $502,000 be funded from carryover 1995/96 revenues. Discussion regarding proposed amendments to expenditures is included on pages 5 through 17 of the mid-term budget. As noted on page 17 of the mid-term budget, staff is also recommending the transfer of $600,000 to the CIP for further preliminary golf course planning. Capital Improvement Program The mid-term review of the Capital Improvement Program is conducted to ensure that approved and planned projects are aligned with the available revenue sources, to add new or delete existing projects so they are consistent with current work load (scheduling), and to meet community expectations. In general, excluding the existing fund balance, total revenue projections over the next four years of the program have increased from $43,423,374 to $43,801,043. In addition, current project expenditures have increased from $41,716,740 to $43,274,797. As part of the revenue projections, City staff removed projected revenue which would have been realized through the Spanish Oaks development in Hacienda Park. This revenue was removed in recognition of the uncertain nature of this project. In addition, the Parks Projects section of the CIP includes $2,033,660 expected to be received from the C/O/I park obligation fees recently approved by the City Council. Finally, it includes the addition of a $1,736,800 Highway, Bridges, and Railroad Grant (HBRR) which will enable the construction of the First Street Bridge at Del Valle including the widening of Stanley Boulevard from approximately 500 feet west of California Avenue to 500 feet east of California Avenue to provide four continuous traffic lanes. SR 96:197 3