Adopted Capital Improvement Program Budget FY 2024-25 through FY 2029-30

City of Morgan Hill Capital Improvement Program FY 2024-25 – FY 2029-30

309 - Traffic Impact- Streets & Roads

Fund Description Traffic Impact Fund revenues are received from developers if their projects have an adverse impact on traffic flows, streets, etc. The funds collected may be expended on new streets, traffic signals, and improvements of existing streets where they are impacted by new development. The Fund is subject to the restrictions of AB1600.

Project List

2024-25 2025-26 2026-27 2027-28 2028-29 2029-30

PF2006 - Project Administration SR5003 - Traffic Signal & Intersection Improvements

$

72,045 $ 159,889 $ 530,298 $

27,921 $ 47,879 $ 362,329

-

-

-

-

1,500,000

3,000,000

SR5011 - Transportation Master Plan Projects

- 250,000 2,000,000 Totals $ 1,572,045 $ 3,409,889 $4,530,298 $ 277,921 $ 297,879 $2,362,329 250,000 4,000,000 250,000

How this Fund Generates Money for Capital Investment Revenues result from the City's development impact fee program, through which new development pays the capital costs associated with growth. New development creates the need for the City to expand its inventory of public facilities and build new, or expand current, infrastructure to handle the demands of new services. The City imposes traffic fees under authority granted by the Mitigation Fee Act (the Act), contained in California Government Code Sections 66000 et seq. A City Council-adopted "Impact Fee Report" provides the necessary findings required by the Act for adoption of the fees presented in impact fee schedules. Limitations and Other Important Factors All development impact fee-funded capital projects are programmed through the City's 6-Year CIP, by which the City identifies and directs its fee revenue to new public facilities/infrastructure projects that will accommodate future growth. By programming fee revenues to specific capital projects, the City ensures a reasonable relationship between new development and the use of fee revenues as required by the Mitigation Fee Act. Goals for Capital Investment The goals for this fund during this period are to expand transit and non-motorized travel opportunities, as needed to service anticipated future growth.

Revenues- Other includes interest income. Expenditure- Other includes annual transfers-out to the General Fund for administration and infrastructure planning, and to Fund 207 (Long Range Planning) for the general plan update.

Six-Year Pro Forma

2023-24 YE 2024-25

2025-26

2026-27

2027-28

2028-29

2029-30

Fund 309- Traffic Impact

Projected

Beginning Fund Balance Revenues - Impact Fees

$ 3,727,580 $

812,592 $ 3,862,442 $ 3,905,377 $ 2,231,996 $ 2,884,892 $ 3,070,698

1,037,458 160,000

4,672,629

3,472,562

2,905,601

997,923 66,304 277,921 133,410

541,171 76,725

374,098

Revenues - Other

80,663

112,152

83,957

46,227

Expenditures - CIP Projects 3,676,467

1,572,045

3,409,889

4,530,298

297,879 134,210

2,362,329

131,890

132,640

135,030 993,664

Expenditures - Other

435,979

131,397

Ending Fund Balance

$ 812,592 $ 3,862,442 $ 3,905,377 $ 2,231,996 $ 2,884,892 $ 3,070,698 $