Capital Variance Report for the Twelve Months Ended December 31, 2019

Tax Supported Programs and Agencies reported capital expenditures of $2.780 billion representing 61.4 percent of their collective 2019 approved Capital Budget of $4.526 billion. Rate Supported Programs reported capital expenditures of $991.8 million, representing 87.8 percent of their collective 2019 approved Capital Budget of $1.129 billion. Table 1 - Capital Variance Summary 2019 Approved Budget 2019 Actual Expenditure ($M) ($M) Percent City Operations 1,981 1,285 64.9 percent Agencies 2,545 1,495 58.8 percent Subtotal - Tax Supported 4,526 2,780 61.4 percent Rate Supported 1,129 992 87.8 percent TOTAL 5,655 3,772 66.7 percent *2019 Approved Budget includes $1.909 billion 2018 Carry Forward Funding The report also details the 233 completed capital projects that have a combined budget of $269.5 million that are ready to be closed. They have been completed under budget, realizing underspending of $17.8 million. The permanent underspending which has associated funding of $0.5 million in Federal Subsidy, $1.5 million in Capital from Current, $6.0 million in debt, $9.5 million in reserves/reserve funds and $0.3 million in Recoverable Debt will be returned to their original Council approved funding sources.