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The Water CIP Funds ended the year with a favorable variance of actuals (plus <br />carryovers) to adjusted budget of $57,681. Four items make up this difference. <br />Although there was $135,679 more City staff time spent on water projects than <br />projected, debt payments were $17,563 less than expected, water connection fees <br />received were $22,800 more than expected, and interest income was $152,997 more <br />than expected. <br />Quarter Four Adjustments: Council is being asked to approve a $51,685 addition to the <br />beginning fund balance which comes from developer fees. Council is also being asked <br />to appropriate $60,424 for project #041000 "Annual Water Quality Improvement <br />Project". This project was closed out prematurely earlier this year. Council is also <br />being asked to appropriate $50,000 from fund balance in order to retrofit additional <br />meters in project #061008 "Annual Automated Meter Reading Retrofit". <br />WATER <br />Total <br />Budgeted Ending Fund Balance $ 4,828,155 <br />Actual Fund Balance after Carryovers 4,885,835 <br />Variance favorable/(unfavorable) $ 57,680 <br />The Miscellaneous CIP Funds ended the year with a favorable variance of actuals <br />(plus carryovers) to adjusted budget of $452,618. Four items make up this difference. <br />Debt payments were $19,405 less than expected, public facilities fees received were <br />$165,529 more than expected, miscellaneous transfers-in were $1,514 more than <br />expected, and interest income was $266,170 more than expected. <br />Quarter Four Adjustments: Council is being asked to close out project #908048 <br />"Improvements to City Radio System" and return the $75,000 to fund balance. Also, <br />Council is being asked to approve a $36,789 appropriation for project #808085 "Fire <br />Apparatus" from developer funds collected for that purpose. The $5,119,676 transfer to <br />the "Alameda County Transportation Corridor" project #018044 was already approved <br />by Council in June 2008. The $355,377 transfer from the CIPR to the "Gingerbread <br />Preschool Play Yard" in the Parks CIP was approved by Council in June 2008. <br />MISC <br />Total <br />Budgeted Ending Fund Balance $ 2,185,898 <br />Actual Fund Balance after Carryovers 2,638,516 <br />Variance favorable/(unfavorable) $ 452,818 <br />Page 3 of 5 <br />