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

09 - Traffic Impact- Streets & Roads

346 – Public Facilities- Non AB1600- Streets and Roads

Fund Description The current priority of the Public Facilities Fund (non-AB100) is to support pedestrian, bicycle, and vehicle safety in alignment with the City’s Vision Zero Policy. Previously, Fund revenues were received from developers through the City’s RDCS. With the elimination of RDCS due to State legislation, no new funds are anticipated to be received through that process. Funds may be used for the design, construction, and maintenance of public facilities or to reimburse the City for funds advanced to construct such facilities. It is anticipated that funds will be exhausted within the next eight years. Project List 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 PF2006 - Project Administration $ 36,023 $ 7,379 $ 19,886 $ 16,753 $ 28,727 $ 27,175 SR5005 - Bike, Pedestrian, Traffic Safety 600,000 - - - - - SR5008 - Sidewalk Repairs 150,000 150,000 150,000 150,000 150,000 150,000 SR5012 - Downtown Parking Trash Enclosures 35,000 - - - - - Totals $ 821,023 $ 157,379 $ 169,886 $ 166,753 $ 178,727 $ 177,175

How this Fund Generates Money for Capital Investment Fees were paid by developers of properties competing within the City’s RDCS.

Limitations and Other Important Factors The funds committed by developers are used specifically for design/construction of public off-site improvements.

Goals for Capital Investment The goal for the use of this fund is to expand City facilities to accommodate growth appropriately.

Revenues- Other includes interest income. Expenditure- Other includes annual transfers-out to the General Fund for administration.

Six-Year Pro Forma

2023-24 YE 2024-25

2025-26

2026-27

2027-28

2028-29

2029-30

Fund 346- Public Facilities- NonAB1600

Projected

Beginning Fund Balance Revenues - Impact Fees

$ 2,943,797 $ 294,083 $ 1,248,045 $ 1,572,537 $ 1,269,459 $

642,057 $

133,739

-

-

-

-

-

-

-

Revenues - Other

347,645

189,832 821,023

26,226 157,379

21,132

15,922

10,573 178,727

5,045

Expenditures - CIP Projects

1,656,604

169,886

166,753

177,175

Expenditures - Other

4,582

4,811

4,910

5,060

5,210

5,370

5,530

Ending Fund Balance

$ 1,630,257 $

994,255 $

858,191 $

704,377 $

548,336 $

374,812 $

197,152