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2010 -11 Year -End Review and Budget Amendment September 9, 2011 <br />Savings attributed to furlough, salary savings, and non - personnel cost reductions are included <br />in projected expenditures for the Other Funds. <br />Key budget adjustments for Other Funds include: <br />o $150,000 from the various Redevelopment Agency funds <br />o $742,000 from the Traffic Congestion Relief Fund for street improvements <br />o $380,000 in the Special Grants Fund for the Safe Routes to Transit (SL BART)project <br />o $700,000 from the Water Pollution Control Plant Enterprise Fund for the grading and dirt <br />disposal at Eden Road <br />o $127,263 from the Shoreline Enterprise Fund for capital improvement projects at the <br />American Golf Course per the contract <br />CONCLUSION <br />This report provides an update on the2010 -11 budget performance for all City funds through <br />June 30, 2011 and a revised year -end forecast for the General Fund and the City's other revenue <br />funds. In addition, the report includes year -end budget amendment adjustments for 2010 -11. <br />Additional expenditures are funded from new revenues or available fund balances. <br />Staff recommends that the Finance Committee recommend the 2010 -11 year -end budget <br />amendment. The total budget adjustment for all funds amounts to $1,890,000, although the net <br />adjustment to the General Fund amounts to only $8,300. <br />Staff will present recommendations for designating portions of fund balance with the first quarter <br />report. <br />M <br />