City of Morgan Hill Fiscal Years 2020- 2022 Recommended Operating and CIP Budgets

CITY OF MORGAN HILL Capital Improvement Program

Expenditure Schedule &Category

Streets & Roads: 502000

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

86220 - Architecture and Design

$120,000

$100,000

$100,000

$120,000

86360 - Construction

$1,300,000 $1,000,000 $1,000,000 $1,000,000

86530 - Project Implementation

$80,000

$50,000

$50,000

$80,000

PROJECT COST

$1,500,000

$1,150,000

$1,150,000

$1,200,000

Funding Source(s)

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

f309 - Traffic Impact Fund

$1,500,000

$1,150,000 $1,150,000

$1,150,000 $1,200,000

FUNDING TOTALS

$1,500,000

$1,150,000

$1,200,000

Financial Comments Estimated Project Schedule

Timeframe

Ongoing

Planning

Annual design improvements for one intersection. Annual construction improvements on one intersection.

Project Design Construction

Operating Cost Impacts Maintenance of new traffic signals to be performed by Community Services Maintenance Division at an estimated additional annual operating cost of $1,500 per signal.

2021-2026 Six Year Capital Improvement Program

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