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requests of $40,950 to conduct the programs associated with the additional <br />grant funds. <br />4. Reduction of Contingency from $200,000 to $150,000, based upon a review of <br />prior use of Contingency Funds. <br />C. Capitol Project Fund <br />Projects added: <br />... Southshore Hills — Street frontage fencing $15,000 — PDF Funds — Priority A. <br />2. Various Playfields — Automatic light timers for sports lighting - $15,000 PDF <br />Funds — Priority B. <br />3. McCrea Ranch — Phase 1 construction drawings - $90,000 Reimbursable from <br />grant through Santa Monica Mountains Conservancy — Priority B. <br />4. Lynn Oaks — Irrigation system upgrades and pump addition - $40,000 — PDF <br />Funds — Priority B. <br />5. 401 Hillcrest — construction drawings $80,000 — interest earnings — Priority B. <br />Projects Removed: <br />1. Stagecoach Inn Park — drainage system. <br />In addition to these modifications, the final fiscal year budgets for all funds include <br />those items previously detailed. <br />GENERAL FUND <br />The total 2000-2001 General Fund Budget is $11,062,317. This represents an <br />increase in current revenues of 9.1 percent and an increase in current expenditures of <br />12.2 percent. This means that a higher level of carryover funds are required to meet <br />anticipated spending requirements. It could further mean at year-end (June 2001) that <br />fund balance may be needed to balance revenues to expenditures. <br />Revenues <br />Highlights of the revenue projections include: <br />1. Anticipated continued growth in all elements of property tax revenue. <br />2. While small in dollar amount, there has been a significant percentage increase in <br />