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Page 14 of 15 <br />damage. <br />Many facility projects have partial funding for design but lack construction funds. Without <br />timely construction, building plans require redesigns to meet updated regulations. The <br />upcoming CIP program will consolidate limited funds to prioritize projects for completion. <br /> <br />Revenue Carryforwards <br />Some project revenues, including grants, were not received in FY 2023/24 and need to be <br />carried forward. The proceeds from the 2024 Water Revenue Bond were received in June, <br />and the approximately $13.0 million has been allocated initially to match the project <br />expenditure budget. Table 10 summarizes the recommended revenue carryforwards. <br /> <br />Table 10 – Revenue Carryforwards <br /> <br /> <br />The City Council's adoption of the proposed resolution, provided as Attachment 1, will accept <br />the FY 2023/24 year-end financial and program delivery report for the Capital Improvement <br />Program and amend the FY 2024/25 CIP Budget. <br /> <br />EQUITY AND SUSTAINABILITY <br />Not applicable, as this item is an administrative matter of City business. <br /> <br />OUTREACH <br />No outreach was conducted, as this item is an administrative matter of City business. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this action advances the ONE Pleasanton strategic plan goal of Funding Our <br />Future to support the City's fiscal sustainability. Examining and reviewing actual revenues and <br />expenditures from FY 2023/24 provides staff with additional information to adjust the current <br />Page 271 of 658