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Preview Pale 2 of 3 <br /> F. This adjustment accounts for the $25,000 contribution from Jade for cultural <br /> purposes. <br /> G. This adjustment accounts for the $3207 Byrne Grant the City was awarded for FY <br /> 12/13. <br /> H. This adjustment accounts for adjusted projections for water expenses. Facility <br /> Maintenance-Water increased due to consumption for additional maintenance such as <br /> power washing the building. Parks Maintenance-Water decreased due to the timing of <br /> the Gateway Park coming on line and better projections on Intracoastal Parks <br /> consumption. <br /> I. This adjustment relates to the closing of the City's FY 11/12 financial records. As a <br /> result, $2,972,916 is additional available fund balance. Of this amount, $2 million will be <br /> transferred to the Capital Projects Fund. <br /> STREETS FUND <br /> J. This adjustment relates to the closing of the City's FY 11/12 financial records. As a <br /> result, $142,043 is additional available fund balance. Of this amount, $110,000 will be <br /> used for additional grounds maintenance work to include the foliage in the medians and <br /> the remaining is to cover costs for the shuttle buses soon to be arriving to include the <br /> wrapping and other miscellaneous costs. <br /> BUILDING FUND <br /> K. This adjustment relates to the closing of the City's FY 11/12 financial records. As a <br /> result, $100,485 is additional available fund balance, of which the entire amount is <br /> - allocated to the Fund Balance Reserve. <br /> CAPITAL IMPROVEMENT PROJECTS FUND/2010 CAPITAL PROJECTS FUND <br /> L. This adjustment relates to the closing of the City's FY 11/12 financial records. As a <br /> result of the timing of activity occurring, the final adjusted balance for the Fund Balance <br /> Forward is $11,366,852. <br /> M. This adjustment relates to change orders which occurred in the past few months <br /> which were approved by Commission for a total of $989,032 and the remaining is <br /> transferring the budget in the 2010 Capital Projects Fund to this fund. This transfer is a <br /> result of the change of purpose for the Park portion of the Pier Park project. Since this is <br /> now under a long-term management agreement, the project can be deemed to benefit <br /> a private entity. Costs related to benefiting a private entity cannot be funded by tax- <br /> exempt financing. As such, this fund (Capital Improvement Projects Fund) is reimbursing <br /> all costs to the other fund (2010 Capital Projects Fund). <br /> N. This adjustment relates to the additional transfer of $2,000,000 from the General <br /> Fund. <br /> http://sibagenda.sibfl.net/Agenda/Preview.aspx?ItemID=994&MeetingID=O&MeetineDate... 3/14/2013 <br />