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2010 -11 Year -End Review and Budget Adjustments September 19, 2011 <br />General Fund of about $8.8 million, an improvement of $7.5 million over Adopted Budget <br />proj ections. <br />General Fund Summary <br />2010 -11 2010 -11 <br />(dollars in thousands) Adopted Projected Change <br />Beginning Fund Balance 3,854 6,118 <br />Kaiser Street Improvement Reserve <br />- <br />1,600 <br />Projected Operating Revenue (1) <br />66,531 <br />72,548 <br />Projected Operating Expenses <br />(69,610) <br />(70,287) <br />Subtotal Operating Revenues - Expenditures (Surplust(Deficit)): <br />(3,079) <br />2,261 5,340 <br />Net Transfers & Resources (2) <br />521 <br />(1,129) <br />Ending Fund Balance (3) 1,296 8,850 7,554 <br />Explanatory Footnotes <br />(1) 2011 Adopted includes $300k in annual Community Impact funds as revenue <br />(2) 2011 Adopted includes $389k in loan repayments to GF, $500k transfer from the <br />Insurance Fund, -$368k transfer out for Gas Tax Fund and Refuse Contract <br />2011 Projected includes: $394k in loan repayments to GF, $500k transfer from the <br />Insurance Fund, -$368k transfer out for Gas Tax Fund and Refuse Contract, <br />$ -155k transfer to PEG Fund, and $300k use of Com m unity Im pact Funds (general) <br />(3) Does not include $51VI for Econom is Uncertainty reserve funding <br />Includes $1.5m remaining Community Impact Reserves <br />Summaryof Community Impact Reserve (Kaiser Permanente payment of $3.1 R <br />$1.51VI dedicated to annual GF use at $300k per year for 5 years (year 1 = 2010 -11) <br />All Other Revenue Funds <br />In addition to the City's General Fund, City operations are supported by a number of other <br />revenue funds. Attachment 1 provides a projected year -end fund balance <br />summary of all other <br />City funds. At year -end 2010 -11, these funds are on target for revenues and expenditures, with <br />some adjustments. Projected savings and mid -year budget modifications <br />are all reflected in the <br />estimated ending fund balances. Year -end adjustments for these total about $1.9 million and are <br />summarized below (attachment 2 provides additional detail). <br />Net Change to <br />Funding Source <br />Fund Balance <br />Development Fees For Street Improvement Projects (DFSI) Fund <br />57,980 <br />Measure B (ACTC) Fund <br />(10,024) <br />Traffic Congestion Relief Fund (Prop 42) <br />(742,122) <br />Asset Seizure Fund <br />(27,155) <br />Heron Bay Maintenance Assessment District Fund <br />2,667 <br />Special Grants Fund <br />(89,090) <br />Home Grant Fund <br />1,067 <br />Capital Improvement Projects Fund <br />(380,000) <br />Water Pollution Control Plant Enterprise Fund <br />(700,000) <br />Shoreline Enterprise Fund <br />(127,263) <br />Equipment Maintenance Fund <br />(17,597) <br />Redevelopment Agency - Joint Project Area Fund <br />200,000 <br />Redevelopment Agency - Low /Moderate Housing Fund <br />(50,160) <br />Total <br />$ (1,881,697) <br />5 <br />