AgdaPkt 2018-02-26 Joint SA PFA - Laserfiche WebLink

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6.2.13. - Page 3 the Broadway Sidewalk Improvement Project, as this type of project was funded by Redevelopment Agency proceeds in the past.. Other increases to expenditures include an appropriation for the Human Services Financial Assistance Fund for $100,000 and an appropriation for $100,000 in the Federal Asset Seizure Program Fund. In both cases, fund reserves, rather than current year revenue, are the funding source. Capital Projects Funds The Magical Bridge Playground project and the Red Morton Park renovations project account for most of the activity in the Capital Projects Funds. Revenue increases from contributions collected from Una Mesa, the fiscal agent for the Magical Bridge Foundation, total $1.6 million, in addition to a grant from Sequoia Healthcare District for $100,000. Requested appropriations are primarily to increase the expenditure budget and to offset the $1.7 million in revenue received for the Magical Bridge/Red Morton Park projects. Also included is an appropriation of $103,000 for the Docktown Marina Operations Program from FY 2016-17 that will be used in FY 2017-18 as part of the Docktown Plan funding (detailed in the Docktown section below). Enterprise Funds Revenue increases in the Enterprise Funds are due in large part to General Fund transfers to the Docktown Marina Fund to partially cover the costs of implementation and completion of the Docktown Plan. These transfers include a $5.4 million transfer of FY 2016-17 General Fund operating proceeds to the Docktown Fund (this amount does not include a $600,000 transfer that was already budgeted). Another significant factor in the revenue increase is the receipt of $3.3 million in Parking In -Lieu fees from a developer in the downtown area. Requested increases to appropriations in the Docktown Marina Fund account for most of the increases. Included in these appropriations is a request to record the total expected costs of the Docktown Plan in the amount of $20.8 million; therefore, an increase of $17.7 million in expenditures is needed to ensure that the budget is reflective of this estimated total cost. In addition to the Docktown expenditures, there is an additional request of $300,000 to cover the final expected charges to the City for Silicon Valley Clean Water operating costs. Internal Services Funds The requested increases to revenues in the Internal Service Funds of $1.2 million are due to transfers from the General Fund of $1.0 million and the Self -Insurance Fund of