City of Morgan Hill Fiscal Years 2020- 2022 Recommended Operating and CIP Budgets
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 design and construction associated with such undergrounding.
How this Fund Generates Money for Capital Investment Fees are paid by developers of properties.
Limitations and Other Important Factors These funds must be used for undergrounding of utilities in areas of new development.
Goals for Capital Investment Due to the limited anticipated funds to be collected, there are no projects anticipated in the six-year period and the goal is to accumulate funding towards future undergrounding projects.
Six-Year Pro Forma
2019-20YE Projected
2020-21
2021-22
2022-23
2023-24
2024-25
2025-26
Beginning Fund Balance Revenues - Impact Fees (AB1600) Revenues - Non- AB1600 RDCS Revenues - Other Expenditures - CIP Projects Expenditures - Other Ending Fund Balance
$861,895
$125,899
$137,609
$222,547
$307,724
$393,145
$478,814
$50,079
$12,817
$86,073
$86,335
$86,602
$86,874
$87,151
$785,000
$1,075
$1,107
$1,135
$1,158
$1,181
$1,205
$1,229
$125,899
$137,609
$222,547
$307,724
$393,145
$478,814
$564,736
2021-2026 Six Year Capital Improvement Program
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