Page 249 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 6 Special Revenue Funds
Local Public Improvement District Overview

The Public Improvement District ( PID) Fund ( Local) accounts for monies received from the original
bond proceeds, inspection fees and payments related to the Solana Public Improvement District.

The District was created by ordinance in February 2014 to finance the construction of public
infrastructure ( such as water lines and streets) in the Entrada subdivision. This fund was created to
segregate “ Local” PID expenditures from the Capital Project Fund.

Revenues deposited into the PID Fund are used to cover engineering, consulting, legal, and
advertising costs attributable to Entrada development and construction.

Revenues and Transfers In
Revenues and other sources are budgeted to be $60,000.
This represents a 39% decrease of $38,175 from the prior year estimated.
o Miscellaneous income decreased $ 38,175

Expenditures and Transfers Out
There are not budgeted expenditures and other uses.
This represents an 100% decrease of $209,111 from the prior year estimated.
o Service expenditures decreased $ 209,111.

Fund Balance
The ending fund balance is projected to be $437,549.

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