FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

CITY OF MORGAN HILL Capital Improvement Program

Expenditure Schedule &Category

Parks & Recreation: 110018

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

86360 - Construction

$2,000,000

PROJECT COST

$2,000,000

Funding Source(s)

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

f301 - Park Impact Fund

$2,000,000 $2,000,000

FUNDING TOTALS

Financial Comments No funds have been expended on this project in previous fiscal years. Estimated Project Schedule

Timeframe

In Progress FY 2020/21 FY 2021/22 FY 2022/23

Planning

Project Design Construction Project Closeout

Operating Cost Impacts The City has limited funds as it relates to operating costs to fund maintenance of new park facilities. It is anticipated that a joint-use agreement will be developed to outline maintenance responsibilities for the site. At this time operational costs are unknown as the design and size of the joint use facility could have a significant impact on a shared cost model or shared responsibility model. The operating cost impacts will be considered during the development of the joint use/funding agreement with the Morgan Hill Unified School District and may have an impact on the decision to move the project forward.

2021-2026 Six Year Capital Improvement Program

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