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<br />With regards to the Quarter 1 amendments recommended on pages A-5 through A-14, <br />the following general comments apply: <br /> <br />. Any amendments that were already approved by the City Council are shown in <br />italics. <br />. Adjustments to "Beginning Balance" reflect the deletion of prior estimates, <br />which will now be replaced with the actual beginning fund balance amounts <br />(as presented in the yearend 2004-05 financial report and reflected in the CIP <br />tables in Appendix C herein). <br />. Amounts that were previously shown as transfers to the Operating budget for <br />reimbursement for staff engineering time and other costs, are now being <br />reclassified as expenditures (instead of transfers), to conform to the <br />presentation in the Operating Budget. <br /> <br />The Streets CIP on pages A-5 to A-7 reflects: <br />. An increase in projected revenue of $376,906, due mostly to $282,712 in State <br />Traffic Congestion revenues that were not known until after the State adopted <br />its budget last summer, and subsequent to the City's preparation of its CIP. <br />. The use of $500,000 in Tri-Valley Transportation Development Fees, as <br />approved by the City Council (SR 05:309) in November 2005, for the City's <br />first one-half installment to assist BART in financing the new station adjacent <br />to the Stoneridge Mall, pursuant to a multi-agency agreement. <br />. Minor transfers between projects due mostly to the close-out of completed <br />projects. <br /> <br />The Parks CIP on pages A-8 to A-IO reflects: <br />. The reclassification of annual park renovation projects back to the Park <br />Renovation Fund in the Operating Budget. This includes the transfer of $3 <br />million in funding and $2.7 million in expenditure appropriations. There is no <br />financial impact to this change, as it reflects simply a change in presentation <br />intended to eliminate small projects from the CIP. <br />. The $500,000 transfer from the Miscellaneous CIP to fund improvements to <br />Donlon Elementary School sports fields, as already approved by the City <br />Council. <br /> <br />The Miscellaneous CIP on pages A-II to A-12 reflects: <br />. The reclassification of $583,775 in debt service to the Operating Budget, as <br />previously discussed. <br />. The transfer of $500,000 from the Civic Center site reserve budget to the Park <br />CIP to fund the Donlon school sports field renovations, as already approved by <br />the City Council. <br /> <br />5 <br /> <br />SR06:085 <br />