FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

CITY OF MORGAN HILL Capital Improvement Program

Expenditure Schedule &Category

Wastewater: 302018

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

86360 - Construction

$8,500,000 $4,146,786 $2,393,700 $2,393,700 $2,393,700 $2,393,700

86530 - Project Implementation

$200,000

$250,000

PROJECT COST

$8,700,000

$4,396,786

$2,393,700

$2,393,700

$2,393,700

$2,393,700

Funding Source(s)

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

f643 - Sewer CIP Fund

$8,700,000 $4,396,786 $2,393,700 $2,393,700 $2,393,700 $2,393,700

FUNDING TOTALS

$8,700,000

$4,396,786

$2,393,700

$2,393,700

$2,393,700

$2,393,700

Financial Comments Significant compliance repairs must be completed within the first two years of the six-year CIP and will require a bond be issued for these repairs. This bond was anticipated in the 2019 Wastewater Rate Study, and will be repaid through Wastewater ratepayers. Estimated Project Schedule Timeframe

In Progress

Planning

Complete for FY 2020-21

Project Design Construction Project Closeout

FY 2020-21 with projects occurring annually through 6-year CIP Projects will be closed out annually during the 6-year CIP period.

Operating Cost Impacts The improvements outlined in the project support ongoing operations.

2021-2026 Six Year Capital Improvement Program

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