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BUDGET OVERVIEW

Facilities/Construction Management Fund

FY 17/18 Adopted FY 17/18 Revised FY 18/19 Adopted
Revenue $3,014,282 $3,014,120 $2,985,340

Expenditures $3,014,282 $3,014,120 $2,985,340

Balance $0 $0 $0

FY 2017/2018 Revised Budget

Revised revenues and expenditures are in-line with the FY 2017/2018 Adopted Budget with no
major changes to revenue. Notable changes to expenditures include an increase of $16,829 for
Building Services expenditures and $27,000 for the Rental Property Program to pay for major
repairs to the rental properties. This was offset by a decrease of $42,580 in the contribution to
facility reserves.

FY 2018/2019 Adopted Budget

Revenues in the Facilities Fund are estimated to be $28,942 less than revenues projected in the
FY 2017/2018 Adopted Budget. Most revenues in the Facilities Fund come as charges for
service transfers from the General Fund, Park Development Fund and the Utility Fund;
these transfers account for $2,909,120 of revenue in this fund. Other revenues such as rental
income and income earned from interest contribute $62,600. Revenue related to rental
property is projected to decrease by $32,400 due to the sale of three of the properties in FY
2017/2018.

The Adopted budget includes expenditures in the amount of $2,985,340. Included in the FY
2018/2019 Adopted Budget is a transfer to capital in the amount of $212,000 to provide funding
for the following projects: $78,000 for the roof replacement and building envelope seal of the
permanent records building (FC1902), $59,000 for the replacement of the HVAC systems at
Fire Stations 1 and 4 (FC1903) and a remodel of the restrooms located at the Public Works
Operations building (FC1904) for $75,000. There is a projected ending deficit of $13,620, which
will be drawn from reserves.

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