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<br />Attachment B <br />2007/08 <br />Changes In RevenuesfTransfers <br /> <br />70 <br />Page 12 <br /> <br />CAPITAL PROJECTS FUNDS <br />B-23 Community <br />Development Services <br />- En ineeri <br />B-24 Community <br />Development Services <br />- En ineerin <br />8-25 Community <br />Development Services <br />- Engineering <br /> <br />Appropriation required for expenditures related to levy <br />wor\( done on the Marina sulxlivision, which the <br />develo r has aid in-lieu of com leli wor\( himself. <br />Appropriation required closing out two GID facilities fee <br />p~~ffi. . <br /> <br />$52,165 <br /> <br />To appropriate funds for the capital projects contingency <br />account for the "Bair Island Public Access Improvement" <br />project. Approval of this recommendation will not impact <br />. other 'eets. <br />TOTAL CAPIT At PROJECTS FUNDS <br /> <br />$3,694 <br />$(1,832) <br /> <br />$300,000 <br /> <br />$354 027 <br /> <br />ENTERPRISE FUNDS <br /> <br />8-26 Public Wor\(s Services To record appropriation of funds needed to complete $60,000 <br /> - Water Enterprise asphalt replacement resulting from repair wor\( <br /> performed on the water distribution system, In calendar <br /> year 2007, water main and service leaks that required <br /> i asphalt to be removed and replaced increased by 36% <br /> from calendar vear 2006. <br />B-27 Public Wor\(s Services Appropriation required for increased contributions to $884,489 <br /> - Sewer Enterprise South Bayside System Authority for wastewater <br /> treatment and disoosal services (1). <br />8-28 Public Works Services Appropriation required for payments of annual principal $506,667 <br /> - Sewer Enterprise and quarterly interest payments for inter-fund loan from <br /> water enterorise. (2) <br /> TOTAL ENTERPRISE FUNDS $1.451.156 <br /> <br />I TOTAL EXPENDITURE CHANGES <br /> <br />$3,127,502 <br /> <br />(1) Since the deadline for submitting requested amounts for the FY 2007/08 budget preceded <br />the date upon which the South Sayside System Authority commission approved the FY <br />2007/08 contributions from member agencies, the Public Works Services staff was required <br />to estimate Redwood City's FY 2007/08 contribution. The actual contributions ultimately <br />approved by the commission exceeded the estimated contribution by the above amount. <br />Accordingly, a budget amendment is requested to conform to the budget to the required <br />contribution for FY 2007/08. <br /> <br />(2) Concurrent with the approval of the annual sewer service charge adjustment, the City <br />Council approved a loan of funds from the water fund to the sewer fund. This loan ensures <br />that the sewer fund will have sufficient cash to meet its obligations to the SSSA capital <br />replacement fund. This loan was approved at the June 4, 2007 Council meeting. <br /> <br />ATTY/RESOfRESO.1795 <br />022808 <br /> <br />6 <br />