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Capital ProjectFunds
<br />The City has six capital projects funds. Revenue and expenditure details for the funds are as follows:
<br />Residential Streets: Major projects include 42nd Ave S Phase U| and 53,d Ave S street improvement
<br />projects. Through June. $288 thousand has been spent on 42/mAve and 53m had expenditures of $99
<br />thousand. Bonds of $8.8million were issued ioJuly.
<br />Arterial Streets: Through June 3017. major projects in the arterial street fund include the TUC
<br />Pedestrian/Bicycle Bridge project, which had expenditures of$18 million and G 1441h St Phase || which
<br />had expenditures of $387 thousand. Several other projects had activity as well during the first half cfthe
<br />year.
<br />Additionally, the arterial streets fund has received $G78thousand hnREET and $1.Gmillion from VVSDDT
<br />for the regional mobility grant.
<br />LondAoq^ Recreation & Parks Development: Through June, $626 thousand in REETrevenue has been
<br />naneived. Just under $71 thousand has been spent on the Duwamish Hill Preserve project and $51
<br />thousand on the Duwamish Gardens project.
<br />Public Safety Plan: Just under $16Uthousand has been spent through June onpreliminary work onfire
<br />stations and the justice center.
<br />City Facilities: Through June. $79 thousand has been spent on preliminary siting for the Public Works
<br />shops facility. Budgeted revenue for this fund is bund proceeds. It is unlikely that bonds will be sold in
<br />2017 so an operating transfer to cover these costs will need to be included in the 2017 budget amendments.
<br />Enterprise Funds
<br />The City's four enterprise funds account for operations with revenues primarily provided from user feem,
<br />chargoo, cxcontracts for services. The City has Mhnao utilities and one golf course. The following chart
<br />summaries activity for the first quarter:
<br />Enterprise Funds Water
<br />Sewer
<br />Foster Goff
<br />Surface Water
<br />Beginning Fund Balance 6,692,750
<br />7,826,985
<br />11 T982
<br />2,602,903
<br />Revenues 2,983,837
<br />4,923,204
<br />690,367
<br />3,093,278
<br />bpenditures (3,861,017)1
<br />(4,481,751 )1
<br />(875,360)1
<br />(2,030,709)
<br />Beginning Fund Balance
<br />658,932
<br />3,999376 3,352.113
<br />295,040
<br />391,903
<br />736,518
<br />36,513,127
<br />Revenues
<br />3,058,670 672.331
<br />1 1
<br />541
<br />225,595
<br />36,450
<br />Ending Fund Ba lance
<br />496,802
<br />— 4,328,361 3,876,400
<br />280,658
<br />_ 297,2711
<br />962,113
<br />1 36,389,628
<br />1 (79,210)
<br />Residential Streets: Major projects include 42nd Ave S Phase U| and 53,d Ave S street improvement
<br />projects. Through June. $288 thousand has been spent on 42/mAve and 53m had expenditures of $99
<br />thousand. Bonds of $8.8million were issued ioJuly.
<br />Arterial Streets: Through June 3017. major projects in the arterial street fund include the TUC
<br />Pedestrian/Bicycle Bridge project, which had expenditures of$18 million and G 1441h St Phase || which
<br />had expenditures of $387 thousand. Several other projects had activity as well during the first half cfthe
<br />year.
<br />Additionally, the arterial streets fund has received $G78thousand hnREET and $1.Gmillion from VVSDDT
<br />for the regional mobility grant.
<br />LondAoq^ Recreation & Parks Development: Through June, $626 thousand in REETrevenue has been
<br />naneived. Just under $71 thousand has been spent on the Duwamish Hill Preserve project and $51
<br />thousand on the Duwamish Gardens project.
<br />Public Safety Plan: Just under $16Uthousand has been spent through June onpreliminary work onfire
<br />stations and the justice center.
<br />City Facilities: Through June. $79 thousand has been spent on preliminary siting for the Public Works
<br />shops facility. Budgeted revenue for this fund is bund proceeds. It is unlikely that bonds will be sold in
<br />2017 so an operating transfer to cover these costs will need to be included in the 2017 budget amendments.
<br />Enterprise Funds
<br />The City's four enterprise funds account for operations with revenues primarily provided from user feem,
<br />chargoo, cxcontracts for services. The City has Mhnao utilities and one golf course. The following chart
<br />summaries activity for the first quarter:
<br />Enterprise Funds Water
<br />Sewer
<br />Foster Goff
<br />Surface Water
<br />Beginning Fund Balance 6,692,750
<br />7,826,985
<br />11 T982
<br />2,602,903
<br />Revenues 2,983,837
<br />4,923,204
<br />690,367
<br />3,093,278
<br />bpenditures (3,861,017)1
<br />(4,481,751 )1
<br />(875,360)1
<br />(2,030,709)
<br />Ending Fund Balance 5,815,669
<br />1 8,268,437
<br />1 __ (67,011)1
<br />3,665,4721
<br />VVsder Through June, $1.2million has been spent onthe Andover PkEWater Main Replacement project.
<br />Sewer Through June. $850 thousand has been spent on the Andover Pk EWater Main Replacement
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