City Council Study Session Agenda and Packet 2004 09 13

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PAGE TWO SUBJECT: Budget Study Session - Capital Projects Update DATE: September 13, 2004 Conservation Trust — Land Acquisition Fund • The 2004 projected expenditures for the Callahan Trail have been increased by $30,000. This increase is offset by $25,000 in Intergovernmental funds expected to be received from Boulder County for the project. • Several Trail projects have been shifted into different periods. The Avista Trail $30,000 was transferred from 2005 to 2006. The CTC Trail and CCT (Aspen Way) trails $45,000 and $9,000 respectively were transferred from 2006 to 2006. Finally, the Savage Pickett Trail was moved from year 2007 to 2005 in the amount of $102,000. • The Land Management Boundary Treatments capital project of $15,000 per year was removed from the list. Conservation Trust — Lottery Fund • The Soccer /Multi Purpose Fields capital project of $40,000 and $590,000 in years 2006 and 2007 has been shifted to years 2005 and 2006. In order to adjust for the cash outflows in year 2006, a transfer of $180,000 from the Capital Projects Fund was shifted from year 2007 to 2006.