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The Miscellaneous CIP on pages A -6 to A -7 reflects: A reduction of the projected revenues from Public Facilities Fees to reflect the actual fees collected through December 31st and a $385,000 increase in projected interest income earnings. An $830,340 transfer from the Parks CIP to increase the fund balance and a $1,200,000 transfer from the Streets CIP to be used for the North Pleasanton and Downtown Improvements including the Alameda County Transportation Corridor project. A total $2,328,764 decrease in projected expenditures due to project closeouts and transfers. The net effect of the Mid -year amendments is a $1,740,614 increase to the estimated Miscellaneous CIP ending fund balance. The Water and Sewer CIP on pages A -8 to A -9 reflect: A reduction of the projected revenues from Water and Sewer Connection Fees to reflect the actual fees collected through December 31 and $120,000 and $130,000 increases in projected interest income earnings, respectively. The usage of $225,956 in revenue collected from East Bay Regional Park District in a prior year to reimburse the Sewer Expansion fund for prior year costs related to the Vineyard Offsite Sewer Line project. A net decrease of $1,035,532 in Water CIP expenditures due to the closing out of projects. A net decrease of $1,061,325 in Sewer CIP expenditures due to the closing out of projects. The net effect of the Midyear amendments is a $1,155,532 increase to the estimated Water CIP ending fund balance and a $1,421,010 increase to the estimated Sewer CIP ending fund balance. Appendix B worksheets reflect what the adjusted FY 2008 -09 CIP budget will be after the amendments in appendix A are adopted. Submitted by: r c David P. Culver Director of Finance Page 3 of 3 Nelson Fialho City Manager Attachments: 1. Resolution 2. Appendix A Recommended Midyear Amendments 3. Appendix B Adjusted Budget after Amendments