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SUPPLEMENTAL MATERIAL <br />3 <br />  <br />reserve, such that it is more appropriate to label this reserve as the <br />Capital Reserve. <br />10. What is the Misc. CIP General? <br />A. The Miscellaneous CIP Fund primarily receives contributions from the <br />General Fund to be used for design and construction of facilities and <br />infrastructure as adopted in the Capital Improvement Program (CIP). <br />i. Please confirm, the prior CIP was to be funded from General Fund <br />operations $2.47M and now will be able to be funded $3.47M with the <br />proposed transfer? If not, how much was/is CIP funded? <br />A. The available funds for capital projects are only $2M, or $3M if the City <br />Council approves the proposed budget adjustments. $0.47M was for a <br />payment to the PUSD for the Foothill High School Southbound Left <br />Turn Lane project completed prior to the current fiscal year. <br />ii. Why is the language now Misc. Capital Fund? Why is it not CIP? <br />A. The fund name is Miscellaneous Capital Improvement Programs (CIP) <br />Fund and is also sometimes referred to as the Miscellaneous Capital <br />Fund. <br />11. How much is Repair & Replacement funded in the current year? Did it change? <br />What is its balance? <br />A. $3.3M is included in the current budget. There is no change from the mid- <br />term budget approved by the City Council in May 2024. As of June 30, 2024, <br />the available fund balance in the Repair & Replacement Funds totaled <br />$24.8M. <br />12. How much is the Management and Confidential annual salary and cost of living <br />adjustments being removed/offset in expenses? <br />A. Approximately $1.4M was removed for the expected cost of living increase <br />and step increase. <br />13. What is the GASB 87 & 96 adjustments and what/why/how do they lead to <br />approximately $1.5M increase in expenses? <br />A. GASB 87 (leases) and GASB 96 (subscription-based information technology <br />arrangements) were implemented in recent years. At the time the FY 2024/25 <br />budget was adopted, expenditures such as capital outlay and debt services <br />related to these new accounting standards were not included in the budget. <br />The $1.5M is estimated based on transactions incurred in the prior fiscal year. <br />It should be noted that certain revenue adjustments are also being proposed