FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

CITY OF MORGAN HILL Capital Improvement Program

Expenditure Schedule &Category

Public Facilities: 228020

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

86200 - Professional Services

$70,000

86360 - Construction

$500,000

PROJECT COST

$70,000

$500,000

Funding Source(s)

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

f315 - Public Safety Facilities Impact

$70,000

$500,000

FUNDING TOTALS

$70,000

$500,000

Financial Comments Estimated Project Schedule

Timeframe

FY 2022/23 FY 2023/24 FY 2024/25

Planning

Project Design Construction Project Closeout

Future Phases will be planned for future years.

Operating Cost Impacts Lease revenue of approximately $70,000 annually will no longer be available should the Police Department ultimately make use of this space. The City would evaluate this lost revenue prior to moving forward with the project and occupying the additional space.

2021-2026 Six Year Capital Improvement Program

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