CC 2015-06-09_11a FY 15-16 and 16-17 Biennial BudgetTO:
FROM:
MEMORANDUM
CITY COUNCIL/SUCCESSOR AGENCY BOARD OF DIRECTORS
ROBERT MCFALL, INTERIM CITY MANAGER
DEBBIE MALICOAT, DIRECTOR OF ADMINISTATIVE SERVICES~
SUBJECT: CONSIDERATION OF FY 2015-16/ FY 2016-17 BIENNIAL BUDGET
DATE: JUNE 9, 2015
RECOMMENDATION:
It is recommended the City Council adopt tl)e attached resolution approving the FY
2015-16 Budget.
FINANCIAL IMPACT:
The total citywide budget for FY 2015-16 is $27,870,666 and $42,221,910 for FY 2016-
17. The total General Fund budget is $15,345,110 for FY 2015-16 and $15,927,060 for
FY 2016-17. The budget as presented is balanced, maintains the reserves in
compliance with the City Council adopted unappropriated reserve level policy and
addresses priority concerns previously addressed with the City Council. It also notes
the implications on the Long Range Financial Plan and the need to continue to address
future expense and revenue projections to maintain a long term fiscal balance.
BACKGROUND:
The City Council held a budget workshop on March 15th to review and discuss the
current financial situation in addition to financial and operational trends and challenges.
During this workshop, the City Council received information about the operational needs
of City departments and the relationship to the sustainability of current service levels to
the community. The Council also received information regarding future revenue
estimates and projected cost increases, particularly associated with retirement
contributions, and the implications of these financial matters to the Long Range
Financial Plan.
On May 12th, staff presented the Preliminary FY 2015-16/ FY 2016-17 Biennial Budget
for non-General Fund programs and projects for the Council to review. Staff received
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direction to eliminate the proposed project for the Hoosegow Park stairs, as well as
general direction on a number of other projects. The May 29th meeting focused on
General Fund programs and projects. Council provided direction related to proposed
staffing changes and new fees. These changes, as well as some minor updates to
revenue and expenditure projections, have been incorporated into the Budget since
Council reviewed the preliminary document. Specifically, the changes Council provided
a consensus of direction on included:
• Various General Fund line item reductions of $126,000
• Establish new GIS Technology, Animal Impound and Woman's Club Center
Security and Custodial Fees
• 1-Full-time Information Services Technician (Cost Allocation)
• 1-Full-time GIS Technician (Cost Allocation)
• 1-Full-time Parks Maintenance Worker (Net $0 General Fund Impact)
• 1-Full-time Water Systems Maintenance Worker (non General Fund)
• 1-Part time Volunteer Coordinator (Partial new revenue offset)
• 2-Reclassifications of Public Works Supervisors (non General Fund)
• 1-Reclassification of a Public Works Office Assistant (non General Fund)
• Various minor funding adjustments to provide for GASB and technology licensing
fees
In the General Fund,· it was noted the above changes were mostly accomplished
through reprioritizing existing expenditures resulting in a minimal impact to the General
Fund. In addition, with Council concurrence on adding Information Technology and
Geographic Information Systems (GIS) positions in the General Fund, the enterprise
fund cost allocations have been updated.
The budget also provides for the additional PERS contributions resulting from revised
rate calculation policies, increases to the Liability, Worker's Compensation and Health
premiums and salary adjustments in accordance with current MOU's and City practice.
It also provides funding as requested by the Five Cities Fire Authority in their
Preliminary Budget Proposal for FY 2015-16.
As presented, the budget relies on the use of unexpended prior year allocations in the
General Fund. The budget document includes both fiscal years in order to: (1) provide
for multi-year programs continuing into the second year and (2) streamline the budget
process for FY 2016-17. However, the City Council must appropriate the budget for
each year.
As discussed at the March 15th workshop, the City has established budget goals and
adopted a Critical Needs Action Plan. The Council received an update on the Critical
Needs Action Plan that demonstrates that the City has achieved or made significant
progress toward achieving a number of the items on the Plan. Based on Council
priorities, an updated Critical Needs Action Plan is presented later in this report, as an
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important tool for focusing City resources and staff time during the next Biennial Budget
period.
The budget recommendations incorporate a balanced and responsible approach to
meeting the City's short and long-term needs in a cost effective manner. The Biennial
Budget is an important document because it serves as staff's recommendation, and
ultimately Council's direction, for the work program for the upcoming two-year period. It
also represents the collective recommendation of the executive team and is the product
of a significant work effort by all City staff.
ANALYSIS OF ISSUES:
As discussed on May 28th, the proposed City budget represents a mixture of both
increased financial capacity, but also continued challenges and constraints. It includes
the addition of four full-time and one part-time position, the reclassification of two
supervis,ors and an Office Assistant position in the Public Works department. Based on
Council feedback, staff will bring forward the creation of fees for animal impounds,
technology/GIS and pass-through fees associated with the rental of certain City
facilities. The General Fund budget also relies upon the use of $250,000 of unspent
appropriations from prior years as a short term measure to balance the budget while
economic development activities are implemented.
Budgets for all funds are incorporated into the document. The FY 2015-16 proposed
budget is balanced, will continue to fund the high quality of services provided to the
community, and will invest in the future through capital improvements and maintenance
activities.
General Fund
The General Fund balance is projected to be at least $4,026,074 by the end of the
biennial budget period. This amount will exceed the City's policy goal of 20% of General
Fund expenditures. As discussed on May 28th this includes the addition of an
Information Technology Specialist, a GIS Technician, a Parks Maintenance Worker and
a part-time Volunteer/Recreation Coordinator, in addition to other minor budget
adjustments.
Enterprise Funds
Both the Water and Sewer Funds are also balanced and fully fund the projects
approved by the City Council in the Water and Wastewater Master Plans. The Water
Fund has-a,projected cash fund balance at the'end of FY 2016-17 of $4.0 million, which
remains well above the policy goal of 90 days of operating expenses plus $500,000, or
approximately $2 million. The ending cash balance for the Sewer Fund is projected to
be $1.9 million, which exceeds the policy goal equal to approximately $740,000.
Development Impact Fee Accounts
Development impact fee accounts are established to fund upgrades in public facilities
through fees from development projects. These accounts have experienced a significant
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reduction in ongoing revenues due to the impact of the economy on new development,
which has in turn affected the City's ability to fund major capital improvements. Each of
the funds remains balanced. The most significant funds to note are the Traffic
Signalization and Park Development Funds, which have funds sufficient for new
projects. As a result, staff is initiating processes in both areas to prioritize needs in the
community during the upcoming year. Projected expenditures and fund balances are as
follows:
Fee FY 2015-16 FY 2016-17 Balance
Fire Protection $0 $0 $207,859
Police Protection $1,400 $0 $24,378
Park Development $33,500 $0 $645,286
Park Improvement $20,000 $20,000 $167,001
Community Center $25,324 $0 $2,399
Traffic Signalization $0 $0 $686,009
Transportation Facility $870,000 $400,000 $65,734
Water Neutralization $349,350 $294,350 $509,216
Affordable Housing $0 $0 $253,435
Capital Improvement Program
The recommended Capital Improvement Program (CIP) includes the funding projected
necessary to address many of the major needs identified. These include the annual
Pavement Management Program, the Brisco Interchange project, sidewalk repairs,
drainage repairs, Phase II of the upgrade of the Corpo~ation Yard offices, purchase of
the Le Point Street parking lot property, ongoing Americans with Disabilities Act (ADA)
improvements, trenchless sewer rehabilitation, Well No. 11 Construction, Reservoir
Nitrification Reduction, and Reservoirs No. 3 and No. 4 Coating and Seismic Evaluation.
There are changes to the CIP since Council's review on May 1ih based on Council
comments and direction. The following changes have been included in the final budget:
• Eliminated the staircase project at the Hoosegow Park, reallocating $30,000 toward the
installation of artificial turf at the dog park.
• Deferral of the lighting project at Don Roberts Field. Preliminary design and
. specification work that has been completed will be valuable if the project moves
forward in the future. Staff believes that given the significant cost increase of this
project, prioritization of Park Development fees and potential projects should be
undertaken before moving forward; therefore, staff recommends deferral of this project
at this time.
• Upgratjing the technology in the Council Chambers received consensus, however the
other remodeling and physical improvements to the building did not. Comments
ranged from not making any improvements at this time, to support for proceeding with
the project as proposed, with various support in between. Staff proposes moving
forward with the technology upgrade separately; however, staff also suggests retaining
the funding for the physical improvements at this time. Staff continues to believe that a
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unified project with the technology upgrades and the physical improvements would be
the most cost effective. Staff will return to the Council for further discussion on design
and project scope, which will inform the funding level required to accomplish various
aspects of the project. At that time Council could provide further direction on the scope
of the project.
• Refinements continue to be made on the Brisco Interchange project. The CIP budget
includes construction funding in the amount of $6.6 million from state transportation
grant funds, however, the most expensive alternative is estimated to need an additional
$9 million. Previously, the City has anticipated debt financing from sales tax funds over
several years, however, the ultimate balance will depend on which alternative is
selected and the amount of additional grant funding from the State. Once the project
report is finalized, staff will bring back a revised funding plan.
• Funding for facility upgrades or replacement of the Elm Street Community Center
remains in the budget as proposed, which would defer any improvements until late
2016. All options available to the City will be fully explored as soon as feasible, given
the critical-path issues currently under consideration with the Five Cities Community
Foundation. The FY 2015-16 budget includes $40,000 to begin exploring options and
for any required repairs to the current structure to maintain habitability until FY 2016-
17. -
• Staff will move forward with the process of acquiring the LePoint Street parking lot as
soon as possible. The lease-purchase agreement outlines a number of steps
necessary,. including procuring an appraisal. The budget has been modified to reflect
acquisition in FY 2015-16.
Local Sales Tax Fund
Council provided direction that the use of Local Sales. Tax funding to support
information technology infrastructure is an appropriate use. As proposed in the May 12,
2015 staff report, this does not indicate utilizing the Sales Tax Fund for items such as
desktop computers, printers, scanners or other peripherals, but for technology that
enhances the City's "network backbone" or provides enterprise-wide benefit.
Concerns were expressed about the allocation of funding in relatively small amounts,
rather than "bundling" these into larger projects. In most cases, the funding is in fact
accumulating over several years in order to address a specific need. Additionally,
based on the City's purchasing policies, Council would need to approve the expenditure
of the funding for any projects over $25,000. Staff continues to believe that these small
annual allocations are an effective way to provide set-asides for needed improvements
and upgrades to facilities, parks, trees and storm water compliance.
Economic Development and Revenue Plan
As previously addressed, staff is recommending refocusing on a comprehensive
Economic Development Plan, consistent with the aqopted Economic Development
Element. It continues to be our belief that this approach is the most viable to the long
term sustainability of quality service levels to the Arroyo Grande community and to
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begin to build capacity to address remaining current financial needs, such as equipment
and facility set-asides. The revenue per capita analysis shows Arroyo Grande to be
relatively modest in revenue collection, which should always be our goal. Similarly, it
also indicates the potential for reasonable growth, particularly in revenue centers
associated with business and local economic health and balanced growth. The
associated Revenue Plan further requires a consistent approach to operational
effectiveness evaluation and verification that all current revenues are being collected, as
well as generating additional revenues through economic vitality and service fees.
Additional specific proposals on both of this plan with be brought to Council in the near
future.
Critical Needs Action Plan
Based on the status of current Critical Needs Action Plan items as well as Council
direction and community input, staff proposes the following update to the Plan for the
2015-17 Biennial budget period:
• Refocused comprehensive Economic Development Plan
• Complete design and approval of the Brisco Road Interchange project.
• Fully fund and construct the pavement management program to establish and maintain
a schedule of improving all streets in the City on a 7-year cycle.
• Continue an escalated sidewalk repair program.
• Address the Recreation Services Department's facility needs.
• Implement recommendations to address the City's water needs through a combination
of conservation measures, potential recycling efforts and additional water supply
sources that may become available.
• Prepare asset replacement schedules for all City infrastructure including buildings,
drainage facilities, parks, vehicles, information technology and other infrastructure.
• Develop a long range financial plan with a focus on ensuring operational effectiveness
revenue generation opportunities to help ensure long term fiscal sustainability.
ALTERNATIVES:
The following alternatives are provided for the Council's consideration:
1. Adopt the Resolution approving the FY 2015-16 Budget;
2. Modify and adopt the Resolution approving the FY 2015-16 Budget;
3. Do not approve the FY 2015-16 Budget; or
4. Provide direction to staff.
ADVANTAGES:
The recommendations in the Budget reflect revenue and expenditure strategies that will
accomplish the following:
• Maintain key service levels;
• Maintain a substantial investment in improvements to the City's infrastructure and
facilities;
• Begin to address operational sustainability concerns;
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• Maintain reserves at or above the City's policy levels; and
• Limit reliance on one-time revenues.
DISADVANTAGES:
The recommendations rely on prior year savings in appropriations and do not fully
address the long term replacement needs of all City equipment and infrastructure. While
balanced in the short term, the significant costs associated with the PERS rate
increases; insurance costs and FCFA adjustments result in long term cost of service
implications to the Long Range Financial Plan that will require monitoring and possible
future adjustments to expenditures ahd revenues. In addition, a number of uncertainties
exist that could negatively impact revenue projections and status of the proposed
budget. These include the following:
• Potential capital costs associated with recycled water or other similar water
projects;
• -Future increases to PERS retirement rates; and
• Overall economic recovery.
ENVIRONMENTAL REVIEW:
No environmental review is required for this item.
PUBLIC NOTIFICATION AND COMMENTS:
The Agenda was posted in front of City Hall on Thursday, June 4, 2015 and on the
City's website on Friday, June 5, 2015. No comments were received.
Attachment:
1. FY 2015-16/2016-17 Projected Fund Balances
Item 11.a. - Page 7
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING FISCAL YEAR 2015-16 OF
THE FISCAL YEAR 2015-16 & 2016-17 BIENNIAL BUDGET
AND MAKING APPROPRIATIONS FOR THE AMOUNT
BUDGETED
WHEREAS, a proposed Biennial Budget for the City of Arroyo Grande for the Fiscal Years
commencing July 1, 2015 and ending June 30, 2016 and commencing July 1, 2016 and
ending June 30, 2017 was submitted to the City Council and is on file with the Director of
Administrative Services; and
WHEREAS, the City Council also serves as the Board of Directors of the Successor
Agency to the Dissolved Arroyo Grande Redevelopment Agency; and
WHEREAS, proceedings for adoption of said Budget have been duly taken; and
WHEREAS, the total Budget for FY 2015-16 is $27,870,666.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE DOES
RESOLVE AS FOLLOWS:
SECTION 1. The Budget is adopted as the Biennial Budget for the City of Arroyo Grande
for the Fiscal Year commencing July 1, 2015 and ending June 30, 2016.
SECTION 2. At the close of each Fiscal Year, unexpended appropriations in the Operating
Budget will -be carried forward to the next fiscal year as necessary to underwrite the
expense of outstanding purchase commitments. Unexpended appropriations for authorized,
but uncompleted projects as approved by the City Council may be carried forward to the
next succeeding Budget upon recommendation by the Administrative Services Director and
approval of the City Manager.
On motion of Council Member ---the following roll call vote, to wit:
AYES:
NOES:
ABSENT:
Council Members
Council Members
Council Members
, seconded by Council Member ____ , and on
the foregoing Resolution was passed and adopted this day of , 2015.
Item 11.a. - Page 8
RESOLUTION NO.
PAGE2
JIM HILL, MAYOR
ATTEST:
KELLY WETMORE, CITY CLERK
APPROVED AS TO CONTENT:
ROBERT MCFALL, CITY MANAGER
APPROVED AS TO FORM:
HEATHER WHITHAM, CITY ATTORNEY
Item 11.a. - Page 9
CITY OF ARROYO GRANDE
PROJECTED FUND BALANCES
Fiscal Year 2014-15
Estimated
Audited Fund Estimated Estimated Fund Balance
Fund Balance 7 /1/14 Revenues Transfers In Expenses Transfers Out 6/30/15
General Fund $ 4,942,735 $ 13,229,882 $ 2,434,280 $ 14,311,397 $ 1,826,856 $ 4,468,644
Special Revenue Funds
Fire Protection Impact Fees 136,459 30,400 166,859
Public Access Television 149,076 10,370 50,000 109,446
Police Protection Impact Fees 92,778 7,800 81,400 19,178
Park Development 767,902 177,700 432,585 513,017
Park Improvement 109,101 82,200 35,000 156,301
-
Recreation Community Center 51,899 5,000 34,676 22,223
Grace Lane Assessment District 57,859 10,600 990 2,600 64,869
Landscape Maintenance District 10,842 5,875 5,700 2,200 8,817
Local Sales Tax 1,685,507 2,115,518 300,646 2,976,638 523,741
Parkside Assessment District 359,391 43,608 9,000 3,800 390,199
Streets (Gas Tax) 499,944 312,300 678,291 77,800 56,153
Traffic Signalization 624,409 25,600 30,000 620,009
Traffic Circulation 54,091 300 54,391
Transportation Facility Impact Fees 2,050,439 103,600 16,800 1,128,805 1,008,434
Transportation Fund 435,900 20,000 415,900
Water Neutralization Impact Fees 322,215 83,000 200,000 401,278 5,000 198,937
Construction Tax 3,243 24 3,267
Drainage Facility Impact Fees 21,239 164 21,226 177
In-Lieu Affordable Housing 11,012 166,332 80,291 76,700 180,935
In-Lieu Underground Utility 199 199
Tourism Business Improvement District 38,292 180,300 171,880 46,712
Water Availability 1,783,685 107,500 206,610 1,684,575
1
ATTACHMENT 1
Item 11.a. - Page 10
CITY OF ARROYO GRANDE
PROJECTED FUND BALANCES
Fiscal Year 2014-15
Estimated
Audited Fund Estimated Estimated Fund Balance
Fund Balance 7 /1/14 Revenues Transfers In Expenses Transfers Out 6/30/15
Special Revenue Funds {Continued}
CDBG $ $ 10,357 $ $ 10,357 $ $
State COPS Block Grant 178,423 100,300 278,723
Enterprise Funds
Sewer 1,042,632 1,024,775 358,100 511,400 1,197,907
Sewer Facility 375,948 40,300 33,000 383,248
Water 4,650,171 6,272,500 1,142,990 4,927,561 4,852,120
Lopez 2,189,814 2,800,500 3,254,400 307,200 1,428,714
Water Facility 820,643 58,500 879,143
Trust & Agency Funds
Successor Agency to the Former Redevelopment
Agency 1,283,176 782,192 562,919 219,291 1,283,158
Successor Agency to the Former Redevelopment
Agency-Housing Function 69,010 1,610 67,400
Downtown Parking 193,036 11,838 3,991 142,365 58,518
Capital Project Funds
Capital Improvement Program 34,838 2,798,683 7,570,866 10,369,549 34,838
Debt Service Funds
USDA City Hall Loan 27,136 189 73,676 66,944 34,057
Total $ 24,137,200 $ 28,421,251 $ 13,471,913 $ 32,042,265 $ 13,471,913 $ 20,516,186
2
Item 11.a. - Page 11
CITY OF ARROYO GRANDE
PROJECTED FUND BALANCES
Fiscal Year 2015-16
Estimated Estimated
Fund Balance Fund Balance
Fund 7/1/15 Revenues Transfers In Expenses Transfers Out 6/30/16
General Fund $ 4,468,644 $ 12,853,200 $ 2,384,200 $ 15,305,110 $ 40,000 $ 4,360,934
Special Revenue Funds
Fire Protection Impact Fees 166,859 20,500 187,359
Public Access Television 109,446 600 110,000 46
Police Protection Impact Fees 19,178 3,300 1,400 21,078
Park Development 513,017 63,200 33,500 542,717
Park Improvement 156,301 25,700 20,000 162,001
Recreation Community Center 22,223 3,800 25,324 699
Grace Lane Assessment District 64,869 10,600 13,300 3,400 58,769
Landscape Maintenance District 8,817 5,900 5,700 2,400 6,617
Local Sales Tax 523,741 2,200,100 265,200 2,200,750 257,891
Parkside Assessment District 390,199 43,500 20,700 4,500 408,499
Streets (Gas Tax) 56,153 423,400 305,000 691,600 83,900 9,053
Traffic Signalization 620,009 33,000 653,009
Traffic Circulation 54,391 200 54,591
Transportation Facility Impact Fees 1,008,434 150,000 870,000 288,434
Transportation Fund 429,300 20,000 409,300
Water Neutralization Impact Fees 198,937 52,000 200,000 349,350 101,587
Construction Tax 3,267 3,267
Drainage Facility Impact Fees 177 177
In-Lieu Affordable Housing 180,935 400 109,900 75,000 216,235
In-Lieu Underground Utility 199 199
Tourism Business Improvement District 46,712 195,000 183,000 58,712
Water Availability 1,684,575 48,000 172,200 1,560,375
3
Item 11.a. - Page 12
CITY OF ARROYO GRANDE
PROJECTED FUND BALANCES
Fiscal Year 2015-16
Estimated
Audited Fund Fund Balance
Fund Balance 7 /1/15 Revenues Transfers In Expenses Transfers Out 6/30/16
Special Revenue Funds {Continued}
CDBG $ $ 73,993 $ $ 14,799 $ 59,194 $
State COPS Block Grant 100,300 100,300
Enterprise Funds
Sewer 1,197,907 1,004,000 650,670 368,000 1,183,237
Sewer Facility 383,248 33,700 416,948
Water 4,852,120 6,392,500 210,200 2,184,335 5,146,400 4,124,085
Lopez 1,428,714 3,254,400 3,254,400 1,428,714
Water Facility 879,143 55,000 38,000 896,143
Trust & Agency Funds
Successor Agency to the Former Redevelopment
Agency 1,283,158 716,400 1,342,630 198,900 458,028
Successor Agency to the Former Redevelopment
Agency-Housing Function 67,400 3,000 64,400
Downtown Parking 58,518 11,000 4,025 2,000 63,493
Capital Project Funds
Capital Improvement Program 34,838 65,435 3,255,112 3,320,547 34,838
Debt Service Funds
USDA City Hall Loan 34,057 73,800 67,000 40,857
Total $ 20,516,186 $ 25,014,028 $ 9,792,612 $ 27,870,666 $ 9,792,612 $ 17,659,548
4
Item 11.a. - Page 13
CITY OF ARROYO GRANDE
PROJECTED FUND BALANCES
Fiscal Year 2016-17
Estimated Estimated
Fund Balance Fund Balance
Fund 7/1/16 Revenues Transfers In Expenses Transfers Out 6/30/17
General Fund $ 4,360,934 $ 13,335,100 $ 2,396,700 $ 15,887,060 $ 40,000 $ 4,165,674
Special Revenue Funds
Fire Protection Impact Fees 187,359 20,500 207,859
Public Access Television 46 46
Police Protection Impact Fees 21,078 3,300 24,378
Park Development 542,717 63,200 605,917
Park Improvement 162,001 25,700 20,000 167,701
Recreation Community Center 699 3,800 4,499
Grace Lane Assessment District 58,769 10,600 13,300 3,500 52,569
Landscape Maintenance District 6,617 5,900 5,700 2,400 4,417
Local Sales Tax 257,891 2,241,900 226,800 2,209,000 63,991
Parkside Assessment District 408,499 43,500 20,700 4,600 426,699
Streets (Gas Tax) 9,053 544,950 242,100 709,200 86,600 303
Traffic Signalization 653,009 33,000 686,009
Traffic Circulation 54,591 200 54,791
Transportation Facility Impact Fees 288,434 160,500 400,000 48,934
Transportation Fund 366,500 20,000 346,500
Water Neutralization Impact Fees 101,587 42,000 200,000 294,350 49,237
Construction Tax
Drainage Facility Impact Fees
In-Lieu Affordable Housing 216,235 400 100,000 75,000 241,635
In-Lieu Underground Utility 199 199
Tourism Business Improvement District 58,712 195,000 183,000 70,712
Water Availability 1,560,375 48,000 1,608,375
5
Item 11.a. - Page 14
CITY OF ARROYO GRANDE
PROJECTED FUND BALANCES
Fiscal Year 2016-17
Estimated Estimated
Fund Balance Fund Balance
Fund 7/1/16 Revenues Transfers In Expenses Transfers Out 6/30/17
Special Revenue Funds (Continued}
CDBG $ $ 60,000 $ $ 10,000 $ 50,000 $
State COPS Block Grant 0 100,300 100,300
Entemrise Funds
Sewer 1,183,237 1,004,000 515,970 319,300 1,351,967
Sewer Facility 416,948 42,000 458,948
Water 4,124,085 6,537,887 304,050 1,628,605 5,134,200 4,203,217
Lopez 1,428,714 3,254,400 3,254,400 1,428,714
Water Facility 896,143 60,000 304,050 652,093
Trust & Agency Funds
Successor Agency to the Former Redevelopment
Agency 458,028 604,480 465,480 139,000 458,028
Successor Agency to the Former Redevelopment
Agency -Housing Function 64,400 3,000 61,400
Downtown Parking 63,493 11,000 4,025 62,000 8,468
Capital Project Funds
Capital Improvement Program 34,838 16,187,920 2,550,100 18,738,020 34,838
Debt Service Funds
USDA City Hall Loan 40,857 73,800 67,000 47,657
Total $ 17,659,548 $ 41,751,637 $ 9,121,150 $ 42,221,910 $ 9,121,150 $ 17,189,275
6
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