FY 2018-19 and 2019-20 Adopted Operating and CIP Budget

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.

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

Goals for Capital Investment The goal for this fund during this period is 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. No major projects have been identified at this time, but potential projects may arise with development.

Six-Year Pro Forma

2017-18 YE Projected

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

Beginning Fund Balance Revenues - Non- AB1600 RDCS

$501,438

$702,999

$747,775

$796,779

$846,053

$895,606

$945,444

$195,800

Revenues - Other

$6,300

$45,800

$50,079

$50,381

$50,688

$51,002

$51,322

Expenditures - Other

$539

$1,024

$1,075

$1,107

$1,135

$1,164

$1,193

Ending Fund Balance

$702,999

$747,775

$796,779

$846,053

$895,606

$945,444

$995,573

2019-2024 Six-Year Capital Improvement Program

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