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

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

360 - Com/Rec Ctr Impact

Fund Description This fund was set up to collect revenues derived from a fee charged to developers to cover the costs to construct new community centers within Morgan Hill. Fund is subject to the restrictions of AB1600. How this Fund Generates Money for Capital Investment Impact Fee would only be charged against residential development and would charge developers $3,570 for a single family residential unit. The alternative Planned Facilities Standard would charge $3,570 for a single family residential unit. Limitations and Other Important Factors Revenues are collected to finance the expansion of existing and construction of new recreation and community center facilities demanded by new development. Goals for Capital Investment The City plans to use recreation and community center facilities fee revenue to construct improvements to add to the system of recreation and community center facilities that serves new development. Fee revenue will fully fund the $13.3 million in planned recreation and community center facilities identified.

Project List Summary Projects

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

138016 - Centennial Recreation Center Expansion 139016 - Sports Facilities Parking Lots

$160,000 $2,070,000

$145,000

$885,000

Totals

$160,000 $2,070,000

$145,000

$885,000

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

$58,927

$293,069

$1,543,068

$2,368,342

$1,287,032

$2,078,223

$2,139,513

$293,040

$1,245,420

$970,695

$970,695

$915,750

$915,750

$915,750

$365

$4,579

$14,579

$17,995

$20,441

$30,540

$30,540

$160,000 $2,070,000

$145,000

$885,000

$59,263 $293,069

$1,543,068

$2,368,342

$1,287,032

$2,078,223

$2,139,513

$3,085,803

2017-2022 Six-Year Capital Improvement Program

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