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Resolution No. 2025-065
<br /> Page 2 of 3
<br /> Transfers In
<br /> Transfers of$3.08 million from the Capital
<br /> General Fund $ 1,367,145 $ 4,853,145 $ (3,580,000) $ 1,273,145 Reserve Fund is not needed and$0.50
<br /> million from the Golf O&M Fund is not
<br /> available.
<br /> Merge and transfer from the Housing Loan
<br /> Lower Income
<br /> Housing $ 3,468,634 $ - $ 3,468,634 $ 3,468,634 Fund 121 to the Lower Income Housing Fund
<br /> 122
<br /> Transfer from the Lower Income
<br /> H.O.M.E. $ 260,000 $ - $ 260,000 $ 260,000 Housing Fund 122 to reflect loan
<br /> Program repayment in the fund that originated
<br /> the funding
<br /> Transfer from the General Fund to build
<br /> Streets CIP Fund $ 1,193,760 $ 1,193,760 $ 2,400,000 $ 3,593,760 up the reserve for streets-related repairs
<br /> and replacement projects
<br /> Transfer from the Bernal Donations Fund for
<br /> Park OP Fund $ 1,330,022 $ 1,300,000 $ 30,022 $ 1,330,022
<br /> the Bernal Park Advance Repayment
<br /> Equipment Transfer from Recycled Water Fund-correct
<br /> Replacement $ 205,849 $ $ 205,849 $ 205,849 the fund receiving the loan payment
<br /> Facilities Correct the fund receiving the loan payment,
<br /> -Renovation $ $ 195,904 $ (195,904) $ which is the Equipment Replacement Fund
<br /> Transfer to the General Fund is cancelled to
<br /> Golf Replacement $ 720,000 $ 220,000 $ 500,000 $ 720,000 retain funds for renovation
<br /> L&R Facilities& Transfer from the General Fund to set aside
<br /> Equip Fund $ 61,502 $ $ 61,502 $ 61,502 facility fees
<br /> Transfers Out
<br /> Transfer of$2.4 million to the Streets CIP
<br /> Fund to build up the reserve for streets-
<br /> General Fund $ (4,800,548) $ (4,556,578) $ (2,461,502) $ (7,018,080) related repairs and replacement projects
<br /> and
<br /> $0.06 million to L&R Facilities&Equip Fund
<br /> to set aside facility fees
<br /> Capital Reserve
<br /> Fund $ - $ (3,080,000) $ 3,080,000 $ - Transfer to the General Fund is not needed
<br /> Transfer to the Park CIP Fund for the Bernal
<br /> Bernal Donations $ (30,022) $ - $ (30,022) $ (30,022)
<br /> Park Advance Repayment
<br /> Merge and transfer from the Housing Loan
<br /> Housing Loan $ (3,468,634) $ - $ (3,468,634) $ (3,468,634) Fund 121 to the Lower Income Housing
<br /> Fund 122
<br /> $ (260,000) Transfer to the H.O.M.E Program Fund to
<br /> Lower Income
<br /> $ - $ (260,000) $ (260,000) reflect loan repayment in the fund that
<br /> Housing originated the funding
<br /> Golf Operating& $ (751,780) $ (751,780) $ (751,780) *
<br /> Maintenance*
<br /> Recommended $(31,758,679) $(36,937,989) $(2,571,455) $(39,509,444)
<br /> Budget
<br /> Amendments
<br /> `Amended budget will transfer $720k to the Golf Replacement Fund instead of $220k as
<br /> previously budgeted, and $31,780 will be transferred to the General Fund for Loan Repayment
<br /> instead of $531.780 as previously budgeted.
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