SPECIAL FUNDS
Fund 217: AD 00-18 SHADY CANYON - TURTLE RIDGE This fund accounts for the construction of improvements in the Shady Canyon, Turtle Ridge, and Quail Hill neighborhoods. Funded improvements include roadways, traffic signals, flood control and drainage facilities, trails, and utilities in and around Shady Canyon, Bonita Canyon, Culver, and several internal streets. The developer is constructing the remaining traffic signal improvements along Laguna Canyon Road, while City staff is providing the inspection, project review, and reimbursement functions. In FY 2023- 24, staff will proceed with closing this fund and use residual construction funds to redeem outstanding bonds. 2021-22 2022-23 2023-24 2024-25 FUND 217 ACTUAL ESTIMATED ADOPTED ADOPTED BEGINNING FUND BALANCE 5,524,223 5,376,793 5,095,143 - REVENUES MISCELLANEOUS REVENUES (1,725) 2,247 - - SUB-TOTAL REVENUE (1,725) 2,247 - - EXPENDITURES CIP EXPENDITURES 140,810 253,891 - - CONTRACT SERVICES - - 10,000 - DEBT & A.D. ADMINISTRATION - - 5,085,144 - SALARY & BENEFITS 4,895 30,006 - - SUB-TOTAL APPROPRIATIONS 145,704 283,897 5,095,144 - FUND BALANCE - RESTRICTED 3,765,417 3,767,664 - - APPROPRIATED FB - RESTRICTED 1,611,376 1,327,479 - - ENDING FUND BALANCE 5,376,793 5,095,143 - - Fund 219: AD 04-20 PORTOLA SPRINGS This fund accounts for the construction of improvements in Portola Springs, which is bounded by State Route (SR) 133 to the northwest, Irvine Boulevard and the Great Park to the southwest and southeast, and SR 241 and open space lands to the northeast. Five phases of bonds were issued to fund roadway, drainage, traffic signal, utility, and trail improvements to Portola Parkway, Irvine Boulevard, Ridge Valley, Arrowhead, and several internal streets. Construction activities are being performed by the developer while City staff is providing the inspection, project review and reimbursement functions.
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FY 2023-25 Adopted Budget
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