Laserfiche WebLink
<br />Attachment B <br />2007/08 <br />Changes in Revenues/Transfers <br /> <br />CAPITAL PROJECTS FUNDS <br />8-23 Community <br />Development Services <br />- En ineerin <br />8-24 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 />work done on the Marina subdivision, which the <br />develo er has aid in-lieu of com letin work himself. <br />Appropriation required closing out two GID facilities fee <br />projects. <br /> <br />$52,165 <br /> <br />To appropriate funds for the capital projects contingency <br />account for the "8air Island Public Access Improvement" <br />project. Approval of this recommendation will not impact <br />other ro'ects. <br />TOTAL CAPITAL PROJECTS FUNDS <br /> <br />$3,694 <br />${1,832} <br />$300,000 <br /> <br />$354,027 <br /> <br />ENTERPRISE FUNDS <br /> <br />8-26 Public Works Services To record appropriation of funds needed to complete $60,000 <br /> - Water Enterprise asphalt replacement resulting from repair work <br /> performed on the water distribution system. In calendar <br /> year 2007, water main and service leaks that required <br /> asphalt to be removed and replaced increased by 36% <br /> from calendar year 2006. <br />B-27 Public Works Services Appropriation required for increased contributions to $884,489 <br /> - Sewer Enterprise South Bayside System Authority for wastewater <br /> treatment and disposal services (1). <br />B-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 enterprise. (2) <br /> TOTAL ENTERPRISE FUNDS $1,451,156 <br /> <br />I TOTAL EXPENDITURE CHANGES <br /> <br />$3,127,502 I <br /> <br />(1) Since the deadline for submitting requested amounts for the FY 2007/08 budget preceded <br />the date upon which the South Bayside 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 SBSA capital <br />replacement fund. This loan was approved at the June 4,2007 Council meeting. <br /> <br />A TTY IRESO/RESO.1795 <br />022808 <br /> <br />6 <br /> <br />14849 <br />MUFF 701 <br />