FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

CITY OF MORGAN HILL Capital Improvement Program

Expenditure Schedule &Category

Streets & Roads: 519000

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

86220 - Architecture and Design

$50,000

$50,000

$50,000

$50,000

$50,000

$50,000

86360 - Construction

$2,250,000 $3,330,000 $2,550,000 $2,600,000 $2,600,000 $2,600,000

86530 - Project Implementation

$200,000 $200,000 PROJECT COST $2,500,000 $3,580,000 $2,800,000 $2,850,000 $2,850,000 $2,850,000 $200,000 $200,000 $200,000 $200,000

Funding Source(s)

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

f308 - Street CIP

$2,500,000 $3,580,000 $2,800,000 $2,850,000 $2,850,000 $2,850,000 FUNDING TOTALS $2,500,000 $3,580,000 $2,800,000 $2,850,000 $2,850,000 $2,850,000

Financial Comments Funding includes new revenues from Measure B, SB1, OBAGII Grant Funds and contributions from the General Fund of $250,000 annually. The General Fund had previously contributed $1,000,000 annually, but due to fiscal constraints no longer can do so. Estimated Project Schedule Timeframe

Ongoing

Planning

Annually in the Fall and Winter Annual Projects each Summer

Project Design Construction

Operating Cost Impacts Pavement rehabilitation reduces overall maintenance cost as affected streets are improved.

2021-2026 Six Year Capital Improvement Program

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