Capital Variance Report for the Six-Month Period Ended June 30, 2019

Table 1 - Capital Variance Summary 2019 Approved Budget Actual Expenditures - January to June Projected Expenditures - January to December $M $M % $M % City Operations 2,070 358 17.3% 1,305 63.1% Agencies 2,592 654 25.2% 1,917 74.0% Subtotal - Tax Supported 4,662 1,012 21.7% 3,222 69.1% Rate Supported 1,126 315 27.9% 997 88.5% TOTAL 5,788 1,326 22.9% 4,220 72.9% The spending pattern for the first half of the year is typically around 20 percent of the total Council Approved Capital Budget. Total City projected spend of 72.9 percent by year-end is comprised of a Tax Supported Programs spending rate of 69.1 percent and a Rate Supported Programs spending rate of 88.5 percent. The projected year-end spending rates presented in this report are based on the submissions from each Program and Agency, and as such, the preparation of this report has been based on this information. The report also details the 45 completed capital projects that have a combined budget of $143.4 million that are ready to be closed. They have been completed under budget, realizing underspending of $8.6 million.