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recommending that a transfer to the General Fund of $15,000 for <br />vehicle maintenance be added, and that the General Fund transfer <br />$17,500 for the Sewer Fund's share of the PERS credit. A net <br />decrease in transfers of $162,000 from the General Fund for sewer <br />usage and the storm drain program are recommended. The projected <br />ending Fund Balance is now $2,433,843, which is only $3,943 more <br />than the original projection of $2,429,900. <br /> <br />LOWER INCOME HOUSING IN-LIEU TRUST FUND <br /> <br />At the end of June 1991, $73,559 was carried over into 1991-92 for <br />a contract housing consultant. The contract is now complete and <br />staff is recommending that the appropriation be eliminated. <br />Furthermore, $150,000 was apProPriated for soils and architect <br />services, but only $14,180 has been encumbered. Staff is now <br />recommending that the balance of the appropriation be eliminated, <br />as well as the current year appropriation of $150,000. When a <br />developer is chosen for the project, any needed budget changes will <br />be recommended at that time. <br /> <br />Staff is recommending that revenue projections be increased by <br />$200,000, from $50,000 to $250,000. Through January 1992 of this <br />fiscal year, $227,000 has already been received. <br /> <br />The projected ending Fund Balance at June 3.0, 1992 is now $4.2 <br />million. However, this figure includes $1.7 million in funds that <br />are restricted by the State as security for the loan on Ridgeview <br />Commons. Thus, until the State eases this restriction, only $2.5 <br />million is available for use. <br /> <br />RECYCLING AND~ASTBNAH&GEMENT FUND <br /> <br />As a result of the invalidation of Measure D (Countywide <br />Recycling), the City will only receive about $150,000 as its share <br />of revenues generated by the initiative. Therefore, staff is <br />recommending that the projected revenue be reduced from $300,000 as <br />originally adopted, to $150,000. <br /> <br />CAPITAL IMPROVeMeNT FUNDS <br /> <br />Water Capital Improvement Budaet <br /> <br />Staff ie recommending that connection fee revenue projections be <br />increased by $30,000 from $140,000 to $170,000. Through January <br />1992, $124,000 has already been collected for this fiscal year. <br /> <br />Furthermore, because connection fee revenue fell short of <br />projections last fiscal year, the Water CIP's beginning balance <br />this year was $96,000 less than projected. Therefore, staff is <br />recommending that four projects totalling $84,000 be delayed and <br /> <br />SR92:125 <br /> <br />9 <br /> <br /> <br />