City of Morgan Hill Adopted Budget FY 2016-17 and FY 2017-18
CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM
346 - Public Facilities/Non-AB 1600
Fund Description Public Facilities Fund revenues are received from developers of properties and the 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.
How this Fund Generates Money for Capital Investment Fees are paid by developers of properties.
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 of the use of this fund is to expand City facilities to accommodate growth, with an exception for Police and Fire. This fund is not intended for Police and Fire as they are funded by their own impact fees.
Project List Summary Projects
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
502000 - New Signal Construction 512093 - Underground Monterey Utilities 568014 - Parking Lot Maintenance & Rehabilitation
$225,000
$480,000
$540,000
$25,000
$40,000
$40,000
$40,000
$40,000
$40,000
$40,000
575015 - Intersection Capacity Analysis
$15,000
Totals
$305,000
$40,000
$520,000
$40,000
$580,000
$40,000
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
$666,296 ($299,999)
$176,764
$749,679
$847,599
$1,397,281
$1,414,201
$1,021,087
$785,400
$612,150
$612,150
$577,500
$577,500
$577,500
$5,162
$1,226
$5,806
$11,011
$17,632
$25,088
$1,893,737
$305,000
$40,000
$520,000
$40,000
$580,000
$40,000
$98,808
$4,863
$5,041
$5,241
$5,450
$5,669
$5,839
($300,000)
$176,764
$749,679
$847,599
$1,397,281
$1,414,200
$1,945,862
2017-2022 Six-Year Capital Improvement Program
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