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Page 2 of 11 <br />projects, as needed, to ensure there is an adequate fund balance in each fund. For example, <br />in the Traffic Impact Fee Fund actual fees collected in recent years were less than budgeted <br />to a point where actual project expenditure budget had to be reduced or removed altogether. <br />At the March 21, 2023, City Council meeting staff initially presented a list of recommended <br />adjustments that were being planned; notably, these adjustments are reflected in the <br />FY2023/24 carryforward balances (as shown in Table 1 below, and in Tables 3-9 for each of <br />the project categories). Based on FY 2022/23 actual expenditures for each project as well as <br />estimated balance for each fund, this report includes final carryforward recommendations for <br />the City Council’s approval. <br /> <br />Table 1 summarizes the actual expenditures to the amended budget for the fiscal year and <br />identifies the carryforward by CIP project category. <br /> <br />Table 1 – Summary of CIP Carryforwards by Project Category <br /> <br /> <br />There are multiple reserves across the City’s CIP funds. These reserves are earmarked for <br />specific use and/or function as a holding account for projects that are in the pipeline and <br />require additional funding or serve as an emergency funding source. While there are some <br />general, multi-purpose reserves, such as the main Capital Improvement Program Reserve in <br />the Miscellaneous CIP Fund, most reserves are restricted and their use must meet all the <br />requirements of federal or state legislation, voter-approved measures, City ordinances, <br />municipal code and/or grant. For the Summary of CIP Reserves by Project Category table <br />below, the reserve details are provided in the corresponding category CIP project table. <br /> <br />Table 2 – Summary of CIP Reserves by Project Category <br /> <br /> <br />Sewer CIP Projects <br />In FY 2022/23, the East Amador Lift Station (EALS) project, which will rehabilitate an aging <br />facility to extend its useful life, was mostly done; carrying forward the remaining budget of <br />$0.06 million is recommended to complete the project in FY 2023/24. The Sewer Capacity <br />Page 241 of 270