FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

CITY OF MORGAN HILL Capital Improvement Program

Expenditure Schedule &Category

Parks & Recreation: 118020

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

86360 - Construction

$100,000

$500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000

PROJECT COST

$100,000

$500,000

$1,500,000

$1,500,000

$1,500,000

$1,500,000

Funding Source(s)

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

f375 - Quimby Fee

$100,000 $100,000

$500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000

FUNDING TOTALS

$500,000

$1,500,000

$1,500,000

$1,500,000

$1,500,000

Financial Comments Funding for the park renovation projects is from the imposition of the Quimby Fee on new development. Estimated Project Schedule Timeframe

Ongoing

Planning

FY 2020/21

Project Design Construction

FY 2021/22 through FY 2025/26

Operating Cost Impacts Park renovations have the opportunity to reduce operating costs by upgrading, renovating and improving park infrastructure. Projects with a higher reduction in operating costs will be prioritized during the planning process occurring in FY 2020/21.

2021-2026 Six Year Capital Improvement Program

Page 26 of 124