SPECIAL FUNDS
Fund 224: AD 11-24 CYPRESS VILLAGE This fund accounts for construction activities in Planning Area 40, also known as Cypress Village. Public improvements included streets, drainage facilities and utilities in the development, which is bounded by Bay Tree, Trabuco Canyon, Sand Canyon Avenue and Interstate 5. The improvements were completed and City Council approved the fund's final report and closure in 2017. 2017-18 2018-19 2019-20 2020-21 FUND 224 ACTUAL ESTIMATED PROPOSED PROPOSED BEGINNING FUND BALANCE 9,037,880 123,503 - - REVENUES BOND PROCEEDS 68,697 32,667 - - MISCELLANEOUS REVENUES 18,731 2,615 - - SUB-TOTAL REVENUE 87,428 35,282 - - EXPENDITURES CONTRACT SERVICES 1,192 500 - - SUPPLIES - 781 - - DEBT & A.D. ADMINISTRATION 9,000,613 157,504 - - SUB-TOTAL APPROPRIATIONS 9,001,805 158,785 - - FUND BALANCE - RESTRICTED 123,503 - - - ENDING FUND BALANCE 123,503 - - - Fund 225: AD 13-25 EASTWOOD This fund accounts for construction of improvements in Planning Area 5B, also known as Eastwood, located at the northwest corner of Jeffrey Road and Irvine Boulevard. The bonds were issued in November 2015 to fund public improvements such as the widening of Jeffrey Road and Irvine Boulevard along the assessment district boundaries, interior streets, sewer and water lines, storm drain, traffic signals, and utilities. Construction activity was performed by the developer while City staff provided the inspection, project review and reimbursement functions. The improvements are complete and City staff will proceed with closing this fund by the end of 2019. 2017-18 2018-19 2019-20 2020-21 FUND 225 ACTUAL ESTIMATED PROPOSED PROPOSED BEGINNING FUND BALANCE 2,715,566 2,236,944 - - REVENUES MISCELLANEOUS REVENUES 33,338 33,475 - - SUB-TOTAL REVENUE 33,338 33,475 - - EXPENDITURES CIP EXPENDITURES 486,066 - - - CONTRACT SERVICES - 7,500 - - SALARY & BENEFITS 25,893 - - - DEBT & A.D. ADMINISTRATION - 2,262,919 - - SUB-TOTAL APPROPRIATIONS 511,960 2,270,419 - - FUND BALANCE - RESTRICTED 2,236,944 - - - ENDING FUND BALANCE 2,236,944 - - -
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FY 2019-21 Proposed Budget
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