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350 Special Assessment Capital Project Fund
<br />FY08FY08FY08
<br />AdoptedSB1 ActionRevised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />4,018,880(1,667,534)a2,351,346
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Miscellaneous137,0000137,000
<br /> Interfund Transfers40,000040,000
<br /> Fiscal Transactions1,980,0001,715,302c3,695,302
<br />Total Revenue2,157,0001,715,3023,872,302
<br />TOTAL RESOURCES6,175,88047,7686,223,648
<br />II.REQUIREMENTS
<br />Capital Projects
<br /> Capital Projects522,0000522,000
<br /> Capital Carryover 2,709,698(5,844)b2,703,854
<br />Total Capital Projects3,231,698(5,844)3,225,854
<br />Non-Departmental
<br /> Debt Service1,500,00001,500,000
<br /> Interfund Transfers40,000040,000
<br /> Balance Available1,404,18253,612a,b,c1,457,794
<br />Total Non-Departmental2,944,18253,6122,997,794
<br />TOTAL REQUIREMENT6,175,88047,7686,223,648
<br />S
<br />350 Special Assessment Capital Project Fund
<br />Beginning Working Capital Reconciliation:
<br />a) Decrease the budgeted Beginning Working Capital by
<br />$1,667,534 and decrease Balance Available by the same amount. These adjustments bring the FY08 Budgeted
<br />Beginning Working Capital in compliance with the audited FY07 actual revenues and expenditures as determined
<br />by Isler & Company, LLC, the City's external auditor.
<br />Capital Carryover Reconciliation:
<br />b) Decrease the capital carryover by $5,844 and increase Balance Available
<br />by the same amount. The adjustment reconciles the FY08 Capital Carryover Estimate to the actual ending FY07
<br />capital projects balance and carry forward.
<br />Revenue:
<br />c) Increase the estimate of draws on the Line of Credit account for future special assessment
<br />improvements by $1,715,302 and increase Balance Available by the same amount.
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