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The table below provides a summary of both financial resources and expenditures. Financial Resosurces vs. Recommended Expenditures For Four Years of the CIP $30,000,000 $27167359 $25190693 ' $25029991 $20,000,000 ~ ~;;P ~ , ~ ~ $ztzso,e6s ~ ~~ > x Q s { ~ ~"- $A,i/6,291 ~~° ' '~ $16,046,148 y;~ ., $10,000,000 ~ , ~~, z tai ~ xr &r ~3c u } s;' 4 c,, . "_- $6,5T{530 7- > ~ ~~ $9,478,943 _: a-=:' $0 FY 2007-08 FY 2008-09 FY 2009-10 FY 2010-11 o Available Financial Resources ^ Recommended Expenditures III. SUMMARY OF THE MAJOR REVENUE SOURCES Beginning Balances Beginning balances are developed based on revenue estimated to be available effective January 1, 2007. The beginning balance for all project categories for this CIP is $12,105,202. The beginning balances are derived from available revenue from preceding years and from available development fee revenue collected calendar year 2006. Beginning balances for each CIP section is included in the detailed financial tables located in the Appendix. State and Local Gas Tax and Highway Related Revenue Gas taxes and Highway revenue is used for street repairs and improvements and placed in the Streets section of the CIP. In addition to the Gas tax collected annually from the state gas taxes, this CIP includes funding from State Propositions 42 and 1B. Gas tax revenues are allocated annually to cities on a statewide allocation formula which is based primarily on a city's population. These funds, which can be used for new construction or repair and maintenance of existing street systems or street lighting, are determined by the amount of gas sold in the state. A summary of Street related revenue is detailed below.