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

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

350 - Undergrounding

Fund Description Undergrounding Fund receives revenues from developers for the undergrounding of utilities in areas of new development. Expenditures may be made from these funds only for the design and construction associated with such undergrounding. How this Fund Generates Money for Capital Investment Fees are paid by developers of properties. In FY 16/17, $1,054,971 of Rule 20A funds will be received from PG&E for work on the Undergrounding Monterey Utilities Project (512093).

Limitations and Other Important Factors These funds must be used for undergrounding of utilities in areas of new development.

Goals for Capital Investment The goals for this fund during this period are the placement of overhead utilities in underground conduits and vaults to eliminate safety hazards and unsightly conditions. To make the most effective use of these funds, it is necessary to aggregate multiple years of revenues and apply them towards a larger utility undergrounding project.

Funding for the Underground Monterey Utilities (512093) project is budgeted in FY 15/16.

Project List Summary Projects

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

512093 - Underground Monterey Utilities

Totals

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

$352,009

($711,188)

$392,575

$445,272

$499,483

$555,454

$613,431

$50,100

$50,100

$50,100

$50,100

$50,100

$50,100

$2,263

$1,054,176

$3,136

$4,677

$6,465

$8,501

$1,064,971

$489

$513

$539

$566

$594

$624

$643

($711,188)

$392,575

$445,272

$499,483

$555,454

$613,431

$662,888

2017-2022 Six-Year Capital Improvement Program

PAGE : 112 OF 123