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Transfers from the General Fund Since beginning General Fund transfers in FY1998, the General Fund’s contribution has been divided into two components. The first component is an annual ongoing contribution intended to remain somewhat constant through build-out. The goal of this component is to eventually create a stable contribution of approximately $5 million annually. However, as new major capital projects are brought on- line and the City approaches facility build-out, it is anticipated that this contribution will be reduced to cover the cost of operating the new facilities. As a result of this approach, as noted in Table IV above, this CIP maintains the $5 million transfer in all three years. The second General Fund component comes from the availability of “one- time” revenues. Because the one-time transfer is made possible from the receipt of one- time revenue sources, the ability to include them in future years is dependent on the general financial conditions and the status of the Operating Budget.As detailed in previous CIP’s, this source should not be viewed as being ongoing or stable since it generally reflects the state of the local and state economy. In addition, as the City completes facilities and infrastructure necessary to meet demands from build-out, the demand for these funds will decrease significantly. The $3 million programmed for the “one-time” contribution in FY 2008-09 is consistent with the amount included in the approved CIP. One time transfers are not anticipated in FY2009-10 and FY2010-11. Regardless of the amount of one-time funding (if any) that may become available in future years, as the City approaches build-out, the amount of available development fee revenue and the need for new facilities to meet growth demands will likely decline. Conversely, the cost of operating existing facilities will likely increase and impact the City General Fund. As a result, there will most likely be a shift in emphasis from development of new facilities and infrastructure to operating and maintaining existing facilities and infrastructure. As a result, the priorities will likely shift from transferring General Funds to the CIP to retaining these funds to meet operating and maintenance costs. The table below illustrates the allocation of this funding in this CIP: TABLE VI RECOMMENDED CIP GENERAL FUND TRANSFERS TO MID-TERM CIP CIP Category 2008-092009-102010-11 Total Streets$300,000$950,000$700,000 $1,950,000 Parks$2,600,000$75,000$25,000 $2,700,000 Miscellaneous $5,100,000$3,975,000$4,275,000 $13,350,000 Total$8,000,000$5,000,000$5,000,000 $18,000,000 Notwithstanding any projected adjustments to General Fund transfers to the CIP, the General Fund is currently playing an important role in funding a wide range of projects in the CIP. The following table reflects the majority of projects funded with General Fund transfers. ëï