RES 92065 - Laserfiche WebLink

resubmitted in the upcoming CIP budget. Staff is also recommending that the transfer to the General Fund for staff engineering time be increased by $15,500 to reflect engineering costs for the projects carried over from 1990-91. With these changes, the Water CIP Funds will have a projected ending balance at June 30, 1992 of $6,971 compared to the original projection of $4,092. See Table 6 for details. Sewer Capital ImDrovement ~daet Staff is recommending that interest income projections be increased by $80,000. Staff is also recommending that the transfer to the General Fund for staff engineering time be increased by $50,000 to reflect engineering costs for the projects carried over from 1990- 91. The Sewer CIP's beginning balance on July 1, 1991 was $92,000 more than projected. Therefore, with the higher beginning fund balance, and with the changes recommended by staff, the Sewer CIP. Funds will have a projected ending balance at June 30, 1992 of $2,426,579 compared to the original projection of $2,304,954. See Table 7 for details. Street Capital Improvement Budaet Staff is not recommending any changes to the revenue projections for the Street CIP. However, the beginning balance was $220,000 less than originally projected due to an accounting correction. Staff is recommending that the Pleasanton Ave Reconstruction Project (Rose to St John ~ UPRR) be reduced by $150,000 since the storm drain portion of this project has been done as part of the Division Street Project. Staff is also recommending three appropriations for additional expenditures for prior year projects totalling $77,000. Furthermore, because Proposition 111 requires the development of a regional congestion management plan, staff is recommending that the City's participation of $28,000 in the Countywide Congestion Management Program be funded from proposition 111 funds instead of the GeDeral Fund. With the changes reco~-~ended, the Street CIP will have a projected ending balance at June 30, 1992 of $47,875 compared to the original projection of $198,186. See Table 8. Park Capital Improvement Budq~ Staff recommends that the revenue projections forths Park Fund be increased by $376,000, and that an additional $7,400 (budget correction) be 'appropriated for the retention payment on the softball complex. Through January 1992, $415,000 in Park Dedication Fees had been received this fiscal year. Presumably SR92:125 10