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SUBJECT: <br />2018 YEAR -IN -REVIEW <br />DATE: <br />JULY 16, 2019 <br />PAGE4OF7 <br />Capital Projects Fund <br />2018 Projections & 2018 Audited Actuals <br />Beginning Fund Balance <br />Plus: Revenue <br />Plus: Transfers -In <br />Less Expenditures <br />Less Transfers -Out <br />Ending Fund Balance <br />2018 <br />Projection <br />4,693,763 <br />Actual Variance <br />4,693,763 <br />10.192_880 <br />1.367.620 <br />(14.025.520) <br />(396_100) <br />7.356.620 (2.836_260) [1] <br />947_290 (420.330) [2] <br />(6.159.986) 7.865.534 [3] <br />(396.100) <br />1,833,643 <br />6,442,587 4,608,944 <br />Adjustment for Net Carry Fomard Amendment <br />Net Variance <br />(3.746.090) <br />862,854 <br />[1] Due to Delayed Grants on Delayed Capital Projects <br />[2] Due to Negative Variance in Transfer from Impact Fee Fund <br />[3] Equates to a 54.5% "Turnback" <br />Equates to a 66.1% positive actual -to -projection variance <br />CITY COUNCIL COMMUNICATION <br />