FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

350 - Undergrounding

Fund Description Undergrounding Fund receives revenues from developers for the undergrounding of utilities in areas of new development. Expenditures may be made from these funds only for design and construction associated with such undergrounding.

How this Fund Generates Money for Capital Investment Fees are paid by developers of properties.

Limitations and Other Important Factors These funds must be used for undergrounding of utilities in areas of new development.

Goals for Capital Investment Due to the limited anticipated funds to be collected, there are no projects anticipated in the six-year period and the goal is to accumulate funding towards future undergrounding projects.

Six-Year Pro Forma

2019-21 YE Projected

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

Beginning Fund Balance Revenues - Impact Fees (AB1600) Revenues - Non- AB1600 RDCS Revenues - Other Expenditures - CIP Projects Expenditures - Other Ending Fund Balance

$861,895

$660,899

$672,609

$684,547

$696,724

$709,145

$721,814

$50,079

$12,817

$13,073

$13,335

$13,602

$13,874

$14,151

$250,000

$1,075

$1,107

$1,135

$1,158

$1,181

$1,205

$1,229

$709,145

$660,899

$672,609

$684,547

$696,724

$721,814

$734,736

2021-2026 Six Year Capital Improvement Program

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