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<br />, <br /> <br />Fund. Potentially staff could be recommending an additional transfer to this Fund from <br />some of the $962,000 in undesignated General Fund balance. <br /> <br />RETIREES' MEDICAL INSURANCE RESERVE FUND <br /> <br />As was discussed previously, staff will be bringing an actuarial analysis to Council with <br />recommendations regarding funding for this reserve. In 1993-94, $395,000 was added <br />to this reserve from Employee Benefit Fund contributions and the General Fund. The <br />reserve balance is now $674,000. <br /> <br />CAPITAL IMPROVEMENT FUNDS <br /> <br />The 1993-94 Capital Improvement Program (CIP) ended the year essentially on target <br />with projections, with the exceptions noted below. Appendix G shows the results of the <br />1993-94 fiscal year, and lists the recommended carryovers to 1994-95. <br /> <br />The Park CIP ended the year with $113.000 more than projected (after carryovers). Staff <br />is recommending carryover appropriations totalling $921,000. However, this amount <br />is partially offset by grant revenue totalling $111,000 for these projects. <br /> <br />The Miscellaneous CIP ended the year with $35,000 more than projected (after <br />carryovers). Staff is recommending carryover appropriations totalling $1.5 miUion. <br />However, this amount is partially offset by carryover revenue totalling $280,000 for these <br />projects. <br /> <br />The Sewer CIP ended the year with $2,000 more than projected. Staff is recommending <br />carryover appropriations totalling $976,000, offset by carryover revenues of $130,000. <br /> <br />The Street CIP ended the year with $131.000 more than projected (after carryovers). <br />Recommended carryover appropriations total $2.5 million. <br /> <br />The Water CIP ended the year with $87.000 more than expected. Staff is recommending <br />carryover appropriations totalling $1.4 million. <br /> <br />APPROPRIATION OF FUND BALANCES <br /> <br />Each year the City Council is required by law to adopt the City's Appropriation Limit <br />(PropA). The City's limit in 1993-94 was $83,675,015. Appropriations subject to <br />limitation were $26,436,187, which was not in excess of the limit. However, all funds <br />were not spent by June 30, 1994. The City is allowed to appropriate the additional funds <br />that are within its limit to a contingency reserve to meet existing and future, known and <br />unknown obligations. This will allow the City to exclude these funds from the City's <br /> <br />SR 94:365 <br /> <br />14 <br />