04 - Laserfiche WebLink

The Parks CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to adjusted budget of $257,028. Two items make up this difference. Measure B revenue was $1,083 less than expected and interest income was $258,111 more than expected. Quarter Four Adjustments: Council is being asked to approve the $783 decrease in the transfer to the Misc CIP from project #038030 "Delucchi Park Downtown Restrooms". The $37,947 transfer from project #037049 "Bernal Creek Restoration" to project #007065 "Bernal Community Park" was already approved by Council in June 2007 as was the $1,324,411 transfer from the Misc CIP CIPR to the Alviso Adobe Project in June 2007. PARKS Tota I Budgeted Ending Fund Balance $ 555,743 Add back Developer Revenue 216,675 Projected Ending Fund Balance $ 772,418 Actual Fund Balance after Carryovers 1,029,446 Variance favorable/(unfavorable) $ 257,028 The Streets CIP Funds ended the year with a favorable variance of actuals (plus carryovers) to adjusted budget of $584,007. The reason for this positive variance is that overall revenues were $584,007 higher than expected. Although Measure B revenue was $3,676 lower, interest income was $360,595 higher, Dougherty Valley mitigation fees were $62,700 higher, City of Dublin reimbursements were $145,177 higher, and State gas tax revenues were $19,211 higher than expected. Quarter Four Adjustments: Council is being asked to approve a $41,000 correction to grant revenue and various minor transfers between projects. Other changes in quarter four have already been approved by Council. STREETS Total Budgeted Ending Fund Balance $ 3,857,983 Add back Developer Revenue 938,948 Projected Ending Fund Balance $ 4,796,931 Actual Fund Balance after Carryovers 5,380,938 Variance favorable/(unfavorable) $ 584,007 Page 4 of 5