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Attachment
<br />A
<br />Transaction Summar
<br />y
<br />817 Urban Renewal Agency Downtown General Fund
<br />FY17FY17FY17
<br />doptedSB1 ActionRevised
<br />A
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />1,942,766(6,450)1,936,316
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Miscellaneous65,000065,000
<br /> Interfund Transfers179,0323,544,4623,723,494
<br />b
<br /> Fiscal Transactions450,0000450,000
<br />Total Revenue694,0323,544,4624,238,494
<br />TOTAL RESOURCES2,636,7983,538,0126,174,810
<br />II.REQUIREMENTS
<br />Department Operatin
<br />g
<br />Plannin and Development179,0323,544,4623,723,494
<br />g
<br />b
<br />Total Department Operatin179,0323,544,4623,723,494
<br />g
<br />Non-Departmental
<br />Special Payments2,427,92602,427,926
<br />Balance Available29,8406,45023,390
<br />()
<br />a
<br />Total Non-Departmental2,457,7666,4502,451,316
<br />()
<br />TOTAL REQUIREMENTS2,636,7983,538,0126,174,810
<br />817 Urban Renewal Agency Downtown General Fund
<br />a) Decrease the budgeted Beginning Working
<br />Capital by $6,450 and decrease Balance Available by the same amount. This adjustment brings the
<br />FY17 budgeted Beginning Working Capital in compliance with the audited FY16 actual revenues
<br />and expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />b) Recognize $3,060,000 in Interfund Transfers revenue from the
<br />Downtown Debt Service Fund and increase Planning and Development Department operating
<br />appropriations by the same amount for the creation of a Downtown High Speed Fiber Network
<br />($3,000,000) and project management of the fiber project within the Downtown Urban Renewal
<br />District ($60,000). Recognize $484,462 in Interfund Transfers from the Downtown Debt Service
<br />Fund and increase Planning and Development Department operating appropriations by the same
<br />amount for personnel costs and attorney fees to support project work and district administration
<br />($284,462) and public engagement contract and old LCC building consultant ($200,000).
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