City of Morgan Hill Adopted Budget FY 2016-17 and FY 2017-18

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

306 - Agriculture & Open Space Preservation

Fund Description This fund accounts for open space fees collected from developers. These funds are to be expensed for open space expenditures. How this Fund Generates Money for Capital Investment Funds collected are primarily used for acquiring properties for open space as part of the 6-Year CIP. They can also be used to acquire properties to mitigate the loss of agricultural lands. Limitations and Other Important Factors The funds are to be used for the acquisition of open space areas and for certain maintenance activities in open space areas. Goals for Capital Investment The City will continue to acquire lands for open space purposes which can include mitigation for the loss of agricultural lands as the City builds out or for recreational purposes. Revenues-Other includes interest income. Expenditures-Other includes contract services and transfer out to the General Plan Update.

Project List Summary Projects

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

132008 - El Toro Trail

$320,000

$235,000

139016 - Sports Facilities Parking Lots 140016 - Agricultural Preservation

$500,000

$1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000

Totals

$1,320,000

$1,235,000

$1,000,000

$1,500,000

$1,000,000

$1,000,000

Six-Year Pro Forma

2015-16 YE Projected

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

Beginning Fund Balance Revenues - Impact Fees (AB1600) Revenues - Non- AB1600 RDCS Revenues - Other Expenditures - CIP Projects Expenditures - Other Ending Fund Balance

$5,172,576 $6,087,908

$6,581,847

$6,754,593

$7,178,829

$7,119,011

$7,490,572

$1,488,670

$1,912,186

$1,490,381

$1,490,381

$1,490,381

$1,406,019

$1,406,019

$36,635

$31,595

$49,589

$68,513

$86,947

$105,233

$106,285

$500,000

$1,320,000

$1,235,000 $1,000,000 $1,500,000 $1,000,000 $1,000,000

$109,972

$129,843

$132,224

$134,658 $7,178,829

$137,146 $7,119,011

$139,691

$143,882

$6,087,909

$6,581,846

$6,754,593

$7,490,572 $7,858,994

2017-2022 Six-Year Capital Improvement Program

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