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310 General Capital Projects Fund
<br />FY11FY11FY11
<br />AdoptedSB1 ActionRevised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />21,045,605(9,218,271)11,827,334
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Intergovernmental0230,669230,669
<br />c
<br /> Rental20,000020,000
<br /> Miscellaneous35,000035,000
<br /> Interfund Transfers2,469,300900,000d3,369,300
<br /> Fiscal Transactions8,50015,351,55715,360,057
<br />a,b
<br />Total Revenue2,532,80016,482,22619,015,026
<br />TOTAL RESOURCES23,578,4057,263,95530,842,360
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Central Services10,000010,000
<br />Total Department Operating10,000010,000
<br />Capital Projects
<br /> Capital Projects2,761,128899,9563,661,084
<br />a,d
<br /> Capital Carryover20,470,9166,125,94026,596,856
<br />b
<br />Total Capital Projects23,232,0447,025,89630,257,940
<br />Non-Departmental
<br /> Debt Service50,000050,000
<br /> Reserve 29,000029,000
<br /> Balance AvailableBlAilbl257361257,361238,059238059495420495,420
<br />a,b,c
<br />336,361
<br />Total Non-Departmental238,059574,420
<br />TOTAL REQUIREMENTS23,578,4057,263,95530,842,360
<br />310 General Capital Projects Fund
<br />Beginning Working Capital Reconciliation:
<br />a) Decrease the budgeted Beginning Working
<br />Capital by $9,218,271, increase General Obligation Bond Proceeds by $15,164,979 to rebudget
<br />revenue for bonds authorized but not sold in the prior fiscal year, decrease capital
<br />appropriations by $44, and increase Balance Available by $5,946,752. This action brings the
<br />FY11 Budgeted Beginning Working Capital in compliance with the audited FY10 actual
<br />revenues and expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />Capital Carryover Reconciliation:
<br />b) Increase the capital carryover by $6,125,940, increase
<br />revenue for bonds authorized but not sold in the prior fiscal year by $186,578, and decrease
<br />Balance Available by $5,939,362. This adjustment reconciles the FY11 Capital Carryover
<br />Estimate to the actual ending FY10 capital projects balance and carry forward.
<br />Re-budget
<br />c) intergovernmental revenues in the amount of $230,669 for externally funded
<br />projects not completed in prior fiscal years and increase Balance Available by the same
<br />amount.
<br />Interfund Transfer:
<br />d) Recognize $900,000 in General Fund interfund transfer revenues and
<br />increase appropriations for capital preservation projects ($600,000) and Creekside Park
<br />development ($300,000) by the same amount. $300,000 for Creekside Park is the first of two
<br />installments for developing this park pursuant to the Budget Committee motion passed in May
<br />of 2010, with the second installment to follow in FY12 if the funds are available.
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