Federal Grants - CIP
Fund Summary - Fund 295
Fund Description / Budget Highlights
Fund Activity
FY 21-22 FY 22-23 FY 23-24 FY 24-25
Actual Actual Budget Proposed
Beginning Available Fund Balance -$ - $
Revenues
Federal Grants - $ 19,885$ - - Interest Income - - - - Miscellaneous Revenues - - - - - 19,885 - -
Transfers In - - - - - 19,885 - -
Expenditures
Salary and Benefits - - - - Contractual Services - - - - Utilities - - - - Maintenance & Repairs - - - - Other Expenses - - - - Cost Allocation - - - - Capital Improvement Projects (CIP) - 492,000 - - Debt Service - - - - - 492,000 - -
Transfer Out - - - - - 492,000 - -
Changes in restricted reserves
Net Annual Activity -$ (472,115) - - Ending Available Fund Balance - $ - $ - $ This fund accounts for funds expended for Projects funded by federal grants utilized in acquiring or constructing capital assets for the City.
State and Local Grants - CIP
Fund Summary - Fund 296
Fund Description / Budget Highlights
Fund Activity
FY 21-22 FY 22-23 FY 23-24 FY 24-25
Actual Actual Budget Proposed
Beginning Available Fund Balance -$ - $
Revenues
State/Local Grants - $ - $ 502,506 38,500 Interest Income - - - - Miscellaneous Revenues - - - - - - 502,506 38,500
Transfers In - - - - - - 502,506 38,500
Expenditures
Salary and Benefits - - - - Contractual Services - - - - Utilities - - - - Maintenance & Repairs - - - - Other Expenses - - - - Cost Allocation - - - - Capital Improvement Projects (CIP) - 193,541 502,506 38,500 Debt Service - - - - - 193,541 502,506 38,500
Transfer Out - - - - - 193,541 502,506 38,500
Changes in restricted reserves
Net Annual Activity -$ (193,541) - - Ending Available Fund Balance - $ - $ - $ This fund accounts for funds expended for Projects funded by state and local grants utilized in acquiring or constructing capital assets for the City.
City - Capital Projects
Fund Summary - Fund 300
Fund Description / Budget Highlights
Fund Activity
FY 21-22 FY 22-23 FY 23-24 FY 24-25
Actual Actual Budget Proposed
Beginning Available Fund Balance -$ - $
Revenues
Fees - $ - - - Interest Income - - - - Miscellaneous Revenues 2,000 - - - 2,000 - - -
General Fund Capital Reserves 450,000 500,000 450,000 2,150,823 452,000 500,000 450,000 2,150,823
Expenditures
Salary and Benefits - - - - Contractual Services - - - - Utilities - - - - Maintenance & Repairs - - - - Other Expenses - - - - Cost Allocation - - - - Capital Improvement Projects (CIP) 45,926 1,288,400 450,000 2,150,823 Debt Service - - - - 45,926 1,288,400 450,000 2,150,823
Transfer Out 310,257 - - - 356,183 1,288,400 450,000 2,150,823
Changes in restricted reserves
Net Annual Activity 95,817 $ (788,400) - - Ending Available Fund Balance - $ - $ - $ This fund accounts for funds expended for major capital improvement projects associated with City-owned facilities including police, parks, community centers, and city buildings. This fund is funded primarily by General Fund.
HERCULES HUB
Fund Summary - Fund 354
Fund Description / Budget Highlights
Fund Activity
FY 21-22 FY 22-23 FY 23-24 FY 24-25
Actual Actual Budget Proposed
Beginning Available Fund Balance - $ - $
Revenues
Grant 288,348 $ (46,226)$ 300,000 1,089,000 Interest Income - - - - Miscellaneous Revenues - - - - 288,348 (46,226) 300,000 1,089,000 Transfers In - - - - 288,348 (46,226) 300,000 1,089,000 Expenditures
Salary and Benefits - - - - Contractual Services 181,926 - - - Utilities - - - - Maintenance & Repairs - - - - Other Expenses - - - - Cost Allocation - - - - Capital Improvement Projects (CIP) - (14,003) 300,000 1,089,000 Debt Service - - - - 181,926 (14,003) 300,000 1,089,000 Transfer Out - General Fund (Loss of Revenue)- 50 - - 181,926 (13,953) 300,000 1,089,000 Changes in restricted reserves
Net Annual Activity 106,422 $ (32,273)$ - - Ending Available Fund Balance - $ - $ - $ This fund accounts for funds expended for the Hercules Hub (The Hub) Projects. The project is funded by multiple funding sources, including but not limited to, Federal, State, and Local grants. The Hercules Hub (The Hub) will create a regional, state-of-the-art housing and transportation community on the waterfront overlooking the San Pablo Bay. The Hub will connect thousands of housing units with a new train stop along the Capitol Corridor, bicycle and pedestrian pathways, bus routes, carpool options, and ferry service.