FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

CITY OF MORGAN HILL Capital Improvement Program

Expenditure Schedule &Category

Wastewater: 303093

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

86360 - Construction

$3,937,500 $7,875,000 $7,875,000 $7,875,000 $3,937,500

PROJECT COST

$3,937,500 $7,875,000 $7,875,000 $7,875,000

$3,937,500

Funding Source(s)

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

f641 - Sewer Impact Fund

$3,937,500 $7,875,000 $7,875,000 $7,875,000 $3,937,500

FUNDING TOTALS

$3,937,500 $7,875,000 $7,875,000 $7,875,000

$3,937,500

Financial Comments The City of Morgan Hill is responsible for 41.9% of this overall project with the remaining amount funded by the City of Gilroy. Depending upon the exact timing of this project and other Wastewater Impact Fee funded projects, the City may elect to issue bonds to fund it. Estimated Project Schedule Timeframe

Complete

Planning

In Progress and to be completed in early FY 2020/21

Project Design Construction

FY 2020/21 through FY2023/24

Operating Cost Impacts Costs will increase to manage the larger plant, but are necessary to manage the increased capacity associated with growth and will be balanced in the long term by increased fees collected associated with that growth.

2021-2026 Six Year Capital Improvement Program

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