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HomeMy WebLinkAbout08-024 CC ResolutionRESOLUTION NO. 08-24 ' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA AMENDING THE FISCAL YEAR 2007-08 ANNUAL OPERATING BUDGET THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The purpose of this review is to conduct an analysis of revenues and expenditures to ensure that the City maintains a prudent and healthy fiscal position. Section 2. That each year amid-year review is conducted of City operating budgets. Section 3. That the mid-year review has been completed and the recommended adjustments are reflected in the attached schedules for the City's General Fund, Special Revenue and Internal Service Funds. Section 4. That the Fiscal Year 2007-08 General Fund Annual Operating Budget is hereby amended in accordance with the attached, hereto as Exhibit B, General Fund Mid-Year Budget. ' Section 5. That the Fiscal Year 2007-08 Gas Tax, State Transportation, CDBG, Law Enforcement Funds Annual Operating Budget are hereby amended in accordance with the attached, hereto as Exhibit C, Gas Tax, State Transportation, CDBG, Law Enforcement Funds Mid-Year Budget. Section 6. That the Fiscal Year 2007-08 Internal Service Funds Budgets are hereby amended in accordance with the attached, hereto as Exhibit D, Internal Service Funds Mid-Year Budget. Section 7. That the Fiscal Year 2007-08 Capital Improvement Program is hereby amended in accordance with the attached, hereto as Exhibit E, Section 8. The City Clerk shall certify adoption of the resolution. R:/Resos 2008/Resos OB-24 ' PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 26th day of February, 2008. 1~ Michael S. Naggar, Mayor ATTEST: Susan ~. Jor>'es, MMC ,City Cle k l STATE OF CALIFORNIA ) ' COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that the foregoing Resolution No. 08-24 was duly and regularly adopted by the City Council of the City of Temecula at a meeting thereof held on the 26th day of February, 2008, by the following vote: AYES: 4 COUNCIL MEMBERS: Comerchero, Edwards, Washington, Naggar NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Roberts ABSTAIN: 0 COUNCIL MEMBERS: None Susan .Jones, MMC City Clerk R:lResos 2008/Resos OS-24 2 EXHIBIT B «~ Tq"°mis New - ~". ,< r `too Ta,~orn~~ td~w __ . ~°. GENERAL FUND FY2007-08 MIDYEAR BUDGET is ~.. SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES FY2007-08 MID-YEAR BUDGET Total Revenues Expenditures by Dept: City Coundl Community Support City Manager Economic Development City Clerk City At~rney Flnance Human Resources Planning Building & Safety land Development Public Works CIP Admin FEMA -Storm Damage Police Fire Animal Control RE57 Contribution Retlree Medical Contribution Sales Tax Sharing - Redhawk Property Tax Admirr Old Town Rental Property CFD 88-12 Tax Total Expenditures Excess of Revenues Over (Under) Expendkures Operating Transfers Out: Capital Projeds Total Operating Transfers Out Excess of Revenues Over (Under) Expenditures and Operating 7rensfers Out 2006-07 2007-OS 2007-OS 2007-OB Proposed % Audited Current Year-to-Date Revised Increase Increase Actuals Budge[ Actuals Budget (Devease) (Decrease) 67,748,685 65,792,375 29,527,157 63,461,379 (2,330,996) -3.6% 416,000 507,945 216,665 502,945 (5,000) -1.2% 338,166 281,400 98,757 281,400 - 0.0% 1,174,139 1,294,378 571,194 1,284,378 (10,000) -0.8% 862,554 928,164 399,118 893,164 (35,000) -3.7% 1,014,197 1,044,518 461,994 1,039,518 (5,000) -0.5% 681,011 760,000 431,511 710,000 (50,000) -6.3% 1,959,739 2,175,919 955,968 2,150,919 (25,000) -1.2% 627,960 727,119 299,970 717,119 (10,000) -1.6% 3,277,309 4,086,941 1,762,752 4,046,941 (40,000) -1.0% 2,794,729 2,724,938 1,172,041 2,658,938 (66,000) -2.1% 2,168,543 2,073,847 930,380 2,056,047 (17,800) -0.7% 6,067,394 7,893,737 3,421,105 7,659,737 (234,000) -3.0% 2,535,588 2,865,251 1,212,291 2,850,251 (15,000) -0.6% 36,428 90,000 48,718 60,000 (30,000) -69.6% 17,685,965 20,559,785 8,227,835 20,342,785 (217,000) -1.2% 4,105,366 5,779,042 1,421,234 4,979,042 (800,000) -15.0% 159,597 770,000 85,062 170,000 - 0.0% 6,828,854 8,012,086 4,213,664 7,492,086 (520,000) -7.6% - 400,000 - - (400,000) -57.1% 500,000 500,000 137,967 584,000 84,000 16.8% 4,572 50,000 - 50,000 - O.OMo 16,701 - - - - 0.0% 1,582,333 1,630,000 139,212 1,556,000 (74,000) -2.3% 54,837,145 64,555,069 26,207,439 62,085,269 (2,469,800) -5.4% 12,911,540 1,237,306 3,319,718 1,376,110 138,604 6,969,000 4,899,393 663,682 4,899,393 6,969,000 4,899,393 663,682 4,899,393 5,942,540 (3,662,087) 2,656,036 (3,523,283) 138,804 16 ~~ T . _ r QPPORRklIR~S~ SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES FY2007-08 MID-YEAR BUDGET 2006-07 2007-OS 2007-08 2007-OS Audited Current Year-[o-Date Revised Actuals Budget AcWals Budget Fund Balance, Beg. of Year 37,989,794 43,932,334 43,932,334 43,932,334 Revenues 67,748,685 65,792,375 29,527,15) 63,461,379 Expenditures (54,837,145) (64,555,069) (26,207,439) (62,085,269) Operating Transfers Out (6,969,000) (4,699,393) (663,682) (4,899,393) Estimated Budge[ Savings - Fund Balance, End of Year 43,932,334 40,270,247 46,588,370 40,409,051 Detail of Fund Balance: Reserved for long-term advance m RDA 1,784,551 870,176 870,176 870,176 ' Reserved for d~osi[s and prepaid items 110,881 107,959 107,959 107,959 Reserved for inventory 3,747 3,566 3,586 3,586 Reserved for comprehensive annual leave 1,415,494 1,465,426 1,465,426 1,465,426 Unreserved: Designated for continuing appropriation 200,543 200,543 200,543 200,543 Designated for economic uncertainty (20%ofAppropriations) 10,967,429 12,911,014 12,911,014 12,417,054 Designated for retiree benefits 3,574,851 - 3,572,029 - Designahedfor open space 506,226 506,226 506,226 506,226 Designated for Dutdi Villages 150,000 150,000 150,000 150,000 Designated for Liberty Quarry EIR 266,908 266,908 266,908 266,908 Undesignated 24,951,705 23,788,409 26,534,502 24,421,173 43,932,334 40,270,247 46,588,370 40,409,051 17 i `t~a't'~ser~aNr tJ~1rf)elPOmt~ta~ri~` GENERAL FUND REVENUE DETAIL FY2007-08 MID-YEAR OPERATING BUDGET ACCT NO 001 GENERAL FUND FY 06-07 ACfUALS FY 07-08 YTD @ 12/31/07 FY 07-08 NRRENT ESTIMATES FY07-OS REVISED ESTIMATES CHANGE IN ESTIMATES CHANGE DEPT 161 PLANNING -Various 794,855 363,013 1,141,107 558,831 (582,276) -51.03% DEPT 162 BUILDING & SAFETY -Various 2,581,603 994,740 1,94A,192 1,944,192 - DEPT 163 LAND DEVELOPMENT -Vadous 1,861,659 479,816 1,884,020 787,815 (1,096,205) -58.18% DEPI 170 POLICE 4051 -Donations Every 15 Minutes 4055 -Parking Gtddons 199,211 75,167 160,000 138,000 (22,000) -13.75% 4059 -Fingerprinting Fee 63,673 31,269 62,000 62,000 - 4060 -Miscellaneous 29,592 18,807 31,000 44,000 13,000 41.94% 4067 -Vehicle Impound Fees 148,105 61,384 162,000 115,000 (47,000) -29.01% 4069 -Taxi Fees 3,020 970 3,000 2,000 (1,000) -33.33% 4076 -Reimbursements 118,918 74,252 130,000 130,000 - 4083 -Grants 54,977 - 25,661 - (25,661) -100.00% -Various PermRS 2,090 1,514 4225 -0TS Grants 26,874 105,098 102,994 59,000 (43,994) -02.72% 4276 -Community Adion PaVOI 2,167 2,166 2,166 DEPT 171 FIRE -Various 921,580 450,107 660,283 947,114 286,831 43.44% 4083 -Grants 7,766 4,000 DEPT 199 NON-DEPARTMENTAL 4010 -Property Tax 4,691,470 2,802,390 5,530,000 5,530,000 - 4012 -Property Tax (Unsecured) 239,378 210,926 105,000 105,000 - 4013 -Supplemental Tax - AB 2345 1,558,794 446,224 500,000 700,000 200,000 40.00% 4016 -Property Transfer Tax 770,685 288,950 700,000 500,000 (200,000) -28.57% 4017 -Booking Fee Reimbursement 136,786 - - - - 4018 -Franchise Fees 3,033,014 1,016,634 2,931,000 3,127,000 196,000 6.69% 4020 -Transient Occupancy Tax 2,284,168 1,215,247 2,500,000 2,500,000 - 4023 -Sales and Use Tax -Triple Flip 8,033,336 3,126,144 7,855,320 6,914,840 (940,480) -11.97% 4024 -Sales and Use Tax -State of Calif 22,090,691 8,878,210 23,565,960 21,719,940 (1,846,020) -7.83% 4028 -Homeowner Property Tax Relief 76,271 29,364 78,000 78,000 - 4043 -Motor Vehide in Ueu - Triple Flip 5,954,671 3,357,301 6,200,000 6,714,601 514,601 8.30°k 4046 -Motor Vehicle In Ueu -State of Calif 1,521,730 246,694 1,700,000 900,000 (200,000) -18.18% 4047 -Vehicle Code Fines 1,107,963 374,643 1,200,000 800,000 (400,000) -33.33% 4053 -Bids & Proposals 6,800 935 7,000 7,000 - 4056 -Business Ucenses 344,182 46,195 308,000 308,000 - 4059 -Right cf Way Advertlsing 102,570 42,000 100,000 80,000 (20,000) -20.00% Various -Miscellaneous 19,948 4,199 12,000 12,000 - 4062 -Re[overy d Prior Year Expense 72,314 30 - - - 4065+4545 -Investrnent Interest 3,471,794 1,694,705 1,649,000 2,399,526 745,526 45.21% 4075 -Rental Income 27,565 - - - - 4076 -Reimbursements 384,420 902,201 897,000 976,935 79,935 8.91% 4082 -Redevelopment Agency 225,000 55,000 110,000 110,000 - 4083 -CapBal Improvement Program 1,803,818 977,748 2,152,838 2,152,838 - 4090 -0perating Transfers-in 2,811,193 1,024,130 1,822,500 2,109,581 287,081 15.75% 4094 -Lease Income 8,701 4,375 - - - 4400 -Financing Reimbursement 162,500 100,608 162,500 181,000 18,500 11.38M° 4402 -Pro 1B 750 000 750 000 TOTAL GENERAL FUND 67 748 685 29 527 157 65 792 375 63 461 379 2 330 996 -3.54% 18 ~~ EXHIBIT C 'tin Twtiomows, NEw nA+rn~s". 19 FY2007-08 MID-YEAR BUDGET GAS TAX FUND STATE TRANSPORTATION FUND CDBG FUND LAW ENFORCEMENT FUND zo GAS Tax FuNu Total Revenues Total Expenditures Excess Of Revenues Ova (Under) Expenditures Opeating Transfers Ou[ Exoas of Revenues Over (Under) Expenditures and Operating Transfers Out Fund Balance, Beg. of Year Fund Balance, End of Year 'Ow Tlt~w 4m~s" 2006-07 2007-08 2007-08 2007-08 Proposed % Audited Currerit Year-to-Date Revised Increase Increase Acruals Budget Actuals Budget (Decra3se) (Decrease) 1,744,839 1,722,500 894,011 1,722,500 - 1,744,839 1,722,500 894,011 1,722,500 - (1,631,850) (1,722,500) (789,390) (1,914,440) 191,940 112,989 - 104,621 (191,940) (191,940) 78,951 191,940 191,940 191,940 191,940 191,940 296,561 (0) 11.1% 21 ~:. Total Revenues Total Expenditures Excess of Revenues Over (Under) Expenditure Operating Transfers Out*: To General Fund Excess of Revenue Over (Under) Expenditures and Operatlng Transfers Out Fund Balanoas, Beg, of Year Fund Balances, End of Year STATE TRANSPORTATION FUND 2006-07 2007-08 2007-06 2007-OB Proposed % Audited Current Year-to-Date Revised Invease Ina~se Atluals Budget A~uals Budge[ (Decease) (Decease) 586,504 - - - - 100.0% 586,504 (994,819) - - - 100.0% _ (6,821) 6,821 100.0% (408,315) - - (6,821) 6,821 415,136 6,821 6.821 6,821 6,821 6,821 6,821 22 CDBG FUND Total Revenues Total Expenditure Excess of Revenue Over (Under) Expenditures Operating Transfers Ou[*: QP Fund Excess of Revenues Over (Under) Expenditures and Operating Transfers Out Fund Balance, Beg. of Year Fund Balance, End of Year ~, •Cko'['Rnomnt>s, N~xf t~rc>tfnn+rf~s' 2006-07 2007-08 2007-08 2007-08 Proposed % Audited Current Year-to-Date Revised Increase Invease Aoyals Budge[ Actual5 Budge[ (DeQease) (De[rease) 112,022 2,120,808 112,890 2,120,808 - - 63,337 63.346 20.994 63,346 - 48,685 2,057,462 91,896 2,057,462 (48,725) (2,057,462) (91,896) (2,057,462) (40) - - 40 23 "fAn'I1w~naows, t+~w thatiarcn»#cn~s' LAW ENFORCEMENT FUND Total Revenues Total Expenditure Excess of Revenues Over (Under) Expenditures Operatlng Transfers Out*: To General Fund Excess of Revenues Over (Under) Expenditure and Operating Transfers Out Fund Balances, Beg. of Year Fund Balance, End of Year 2006-07 2007-08 2007-08 2007-08 Proposed % Audited Current Year-to-Date Revised Invease InQease Aarials Budget Actuals Budget (Devease) (Decrease) 182,809 100,000 188,320 188,320 88,320 88.3% 182,809 100,000 188,320 188,320 88,320 66.3% (164,483) (100,000) (188,320) (188,320) (88,320) -88.3% (1,674) - 1,674 24 "~.D TI[Aix{'IONS~ {3~1Y QPPOi71$;f177ES` ACCT FY 06-07 FY 07-OB FY 07-08 FY07-08 CHANGE % NRRENT REVISED IN NO 100 GAS TAX FUND ACNALS YTD @ 12/31/07 ESTIMATES ESTIMATES ESTIMATES CHANGE 4065+4545 -InvesUnent Interest 5,351 4,425 - - 4700 -Gas lax 2106 395,708 194,542 372,000 372,000 - 4701 was Tax 2105 571,831 299,075 580,000 580,000 - 4702 -Gas Tax 2107 764,449 395,969 763,000 763,000 - 4704 -Gas Tax 2107.5 7,500 - 7,500 7500 - TOTAL GA$ TAX FUND 1 744 839 894 011 1 722 500 1 722 500 - STATE TRANSPORTATION FUND REVENUE DETAIL FY 2007-08 Mid Year Operating Budget ACCT FY 06-07 FY 07-08 FY 07-OB FY07-08 CHANGE % CURRENT REVISED IN NO 101 ST. TRANSPORTATION FUND ACIUALS YTD @ 1 31 07 ESTIMATES ESTIMATES ESTIMATES CHANGE 4065+4545 -Investrnent Interest 21,486 - - - - 4160 -Traffic Con estion Relief 565 O18 TOTAL ST. TRANSPORT. FUND 586 504 100.00% COMMUNITY DEVELOPMENT BLOCK GRANT REVENUE DETAIL FY 2007-08 Mid Year Operating Budget ACCT FY 06-07 FY 07-08 FY 07-08 FY07-08 CHANGE % NRRENT REVISED IN NO 140 CDBG FUND ACNALS YTD @ 1 31 07 ESTIMATES ESTIMATES ESTIMATES CHANGE 4065+4545 -Investrnent Interest 1 - - - - 4061 {ommun" Develo ment Black Gran 112 022 112 890 2 120 808 2 120 808 TOTAL LAW ENFORCEMENT FUND 112 023 112 890 2 120 808 2 120 808 LAW ENFORCEMENT FUND REVENUE DETAIL FY 2007-08 Mid Year Operating Budge[ ACCT FY 06-07 FY 07-08 FY 07-08 FY07-08 CHANGE % NRRENT REVISED IN NO 160 LAW ENFORCEMENT FUND ACIUAL$ YTD 1 3107 ESTIMATES ESTIMATES ESTIMATES CHANGE 4085 -AB3229 COPS 182 809 188 320 100 000 188 320 88.32% TOTAL LAW ENFORCEMENT FUND 182 809 168 320 100 000 188 320 88.32% 25 .-, EXHIBIT D "!Gho Te~orno-r,. NEw 4" 26 ~-'i .r~ T _ .:.2 Naw ~~~. INTERNAL SERVICE FUNDS FY2007-08 MID-YEAR BUDGET z~ ~, INTERNAL SERVICE FUNDS 2006-07 2007-08 2007-08 2007-08 Proposed % Audited Current Year-to-Date Revised Invease Increase Advals Budget Aduals Budget (Devease) (Decease) Total Revenues by Fund: Insurance 644,622 831,100 634 831,100 - 0.0% Vehide 363,630 354,330 4,385 354,330 - 0.0% Information Systems 2,277,808 2,480,600 1,125,046 2,480,600 - 0.0% SuPPOrt Services 347,679 432,300 - 432,300 - 0.0% Fadlitie 648,520 760.600 295.780 760.800 - 0.0% Total Revenues 4,282,459 4.859.130 1.425.845 4.859.130 Total Expenditures by Fund: Insurance 608,058 831,102 346,903 831,102 - 0.0% Vehide 313,024 300,524 163,154 300,524 - 0.0% Information Sys~rns 2,239,847 2,510,979 1,172,378 2,490,979 (20,000) -0.8% Support Services 307,806 409,462 157,532 404,462 (5,000) -1.2% Fadlitie 651,047 762,775 303,514 759,775 (3,000) -0.4% Total Expendioxe 4,119,782 4.814,842 2,143,481 4,786,842 (28,000) Exo?a of Revenues Over (Under) Expenditures 162,677 44,288 (717,636) 72,288 28,000 Operating Transfers In (Out): General fund (Vehide) - - - Excess of Revenues and Operating Transfers Over (Untler) Expenditure 162,677 44,288 (717,636) 72,288 28,000 Ruined Earnings, Beg. of Year 4,740,240 4,902,917 4,902,917 4,902,917 Remined Earnings, End of Year 4,902,917 4.947,205 4,185,281 4,975,205 28 ii INTERNAL SERVICE FUNDS REVENUE DETAIL FY 2007-OB Mid Year Operating Budget ACCF FY 06-07 FY 07-OS FY 07-08 FY07-OB CHANGE % CURRENT REVISED IN NO 3001NSURANCE FUND ACNALS YTD 123107 ESTIMATES ESTIMATES ESTIMATES CHANGE 4065+4545 -Investment Interest 54,067 27,970 50,700 50,700 - 4076 -Charges for Services 589,630 314,072 780,400 780,400 - 4086 -5 ecial Even[ Inwrance Fees 925 639 TOTAL INSURANCE FUND 644 622 342 676 831 100 831 100 ACCF FY 06-07 FY 07-OS FY 07-OS FY07-OS CHANGE CURRENT REVISED IN NO 310 VEHICLES FUND ACfUALS YTD 12 31 07 ESTIMATES ESTIMATES ESTIMATES CHANGE 4060 -Miscellaneous Non Ta~mble 8 - - - - 4065+4545 -Investment Interest 21,212 10,273 20,430 20,430 - 4076 -Charges for Services 326,250 169,477 333,900 333,900 - 4550 -Gain on D' oral of Asses i6 160 4385 TOTAL VEHICLES FUND 363 630 184 135 354 330 354 330 ACCF FY 06-07 FY 07-OS FY 07-OS FY07-OS CHANGE % CURRENT REVISED IN NO 320 INFO SYSTEMS FUND ACfUALS YTD 1 3107 ESTIMATES ESTIMATES ESTIMATES CHANGE 4050 -Pay Telephone Revenue 58 28 - - - 4065+4545 -Investment lnb;rest 27,427 12,254 25,000 25,000 - 4076 -Cha es for Services 2 250 323 1 125 046 2 455 600 2 455 600 TOTAL INFO SYSTEMS FUND z z77 9oa 1 137 328 2 480 600 2490 600 ACCT FY 06-07 FY 07-OB FY 07-OS FY07-08 CHANGE % CURRENT REVISED IN NO 330 SUPPORT SERVICES FUND ACTUALS YTD 1 3107 ESTIMATES ESTIMATES ESTIMATES CHANGE 4065+4545 -Investrnen[Interes[ 9,617 5,390 8,600 8,600 - 4076 -Charges for Services 329,470 158,752 423,700 423,700 - 4550 -Gain on Dis oral of Assets 8 792 TOTAL SUPPORT SERVICES FUND 347 879 164 142 932 300 432 300 ACCF FY 06-07 FY 07-08 FY 07-08 FY07-OB CHANGE CURRENT REVISED IN NO 340 FACILITIES FUND ACNALS YTD ~ 12 31 07 ESTIMATES ESTIMATES ESTIMATES CHANGE 4065+4545 -Investment Interest 3,773 1,883 3,400 3,400 - 4076 -Char es for Services 644 747 295 780 757 400 757 400 TOTAL FACILIIIES FUND 648 520 297663 760 800 760 800 29 EXHIBIT E 30 FY2007-08 MID-YEAR CAPTAL IMPROVEMENT BUDGET $ 18,191.00 $ 18,191.00 $ - 18,900.00 - (18,900.00) 214,500.00 113,835.00 (100,665.00) 11,250.00 - (11,250.00) Subtotal 262,841.00 132,026.00 (130,815.00) Capital Reserves Current Revised Transfer Project Account Number Account Name Appropriation Appropdation iN(out) Temecula Parkway Sign Replacement 210-165-041-5801 21o-1s5-sal-6soz 210.165-6415804 210.165E11-5806 Field Operations Center 210-165-742-5800 z1o-1ss-7az-6601 210-165-742-5802 210.165.742-5804 210-165-742-5805 Admin Design 8 Entironmental Construction CIP - MHSCP FFBE Admin Design Construction Construction Engineering Diaz Realignment 210-165532-5700 210-165-632-5801 210-165-632-5804 210-165-632-5805 ~F. . 388,655.06 63, 500.00 39,817.91 2,126,698.70 1,455.25 Subtotal 2,620,126.92 23,000.00 204,291.00 1,200,992.73 28,866.25 ~QID i~ t~~ C~PpOeiLMFaj'S" 388655.06 - 18,500.00 (45,000.00) 39817.91 - 1,905,698.70 (221,000.00) 1455.25 - 2,354,126.92 (266,000. 00) 123665 100,665. 00 279441 75,150. 00 1200992.73 - 28866.25 - 1, 632, 964.98 175, 815. 00 Subtotal 1,457,149.98 Rancho California Road Widening (Old Town Front to I-16) 210-165-6245801 Admin 210-165-024-5804 Construction 210.165E24-5805 Construction Engineering Subtotal Western Bypass Alignment Study Project' Land Acquisition Admin Construction Construction Engineedng Subtotal 69,266.00 144,266.00 75,000.00 1, 332, 435.10 1, 432, 435.10 100, 000.00 31,907.50 1,000.00 1, 433, 608.60 1, 576, 701.10 176, 000.00 n/a n/a 45,000.00 $ - ` The net $45,000 reflects the Cap Reserve funds being transferred to the Western Bypass Alignment Study Project. Because the TUMF revenues for that project are being reduced by an equal amount the account balance remains the same. PATRICIA H. BIRDSALL SPORTS PARK CAPITAL IMPROVEMENT BUDGET Revised Additional Account No. Current Budget Appropriation Appropriation 210.190.1735801 $ 15,900.00 $ 50,766.00 $ 34,866.00 210.190.1735804 103,457.54 411,591.54 308,134.00 Totals $ 119,357.54 $ 462,357.54 $ 343,000.00 Note: The additional appropriation is being funded with $92,927 in interest earnings assigned to the project and $250,073 in DIF - Park and Recreation. 31