Laserfiche WebLink
7.A - Page 3 <br />With the exception of the Docktown Fund and Workers Compensation Fund transfers, <br />General Fund expenditures are generally on budget. Staff will continue to refine year-end <br />projections in the coming months. Based on the efforts to refine the budget both last fiscal <br />year and this current fiscal year, staff does not anticipate significant year-end budget <br />amendments. <br />FY 2017-18 Mid -Year Budqet Update — Capital Improvement Proqram (CIP) <br />The FY 2017-18 Adopted Budget includes $38.3 million in new CIP funding for 59 <br />projects. Combined with existing CIP project balances, the total starting CIP balance for <br />FY 2017-18 is $132.5 million for 222 projects. <br />Staff has made steady progress on a range of capital improvement projects this fiscal <br />year. In January 2018, CIP expenditures (including encumbrances) across all projects <br />reached $32.6 million. <br />The graphs below provide a summary of FY 2017-18 program budgets and expenditures <br />by functional area. <br />$50,000 <br />$45,000 <br />$40,000 <br />$35,000 <br />$30,000 <br />$25,000 <br />$20,000 <br />$15,000 <br />$10,000 <br />$5,000 $3,859 <br />5- <br />$3,412 <br />$916 <br />Administration Facilities Mi.. <br />FY2017-15 CIP Funds by Functional Area <br />(in thousands) <br />$46,194 <br />$20,141 <br />$18,429 <br />$15,632 $16,245 <br />$4,358 <br />$1,385 $1,975 <br />i <br />Parking Parks RS Sewer Stormwater Technology Transportation Water <br />Levee/Lagoon <br />FY2016/17 Ending Balance FY2017/18 Funding <br />