FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

653 - Water Capital Project

Fund Description This fund was established to avoid fluctuations in water rates by providing reserve funding for future water system replacements. The initial contribution to this fund was $2,550,000 from the Water Operations Fund. Future funding comes from transfers from the Water Operations Fund when available. This fund pays 70% of debt service payment for the water revenue bond, and 30% is paid out of the Water Impact Fund (651).

How this Fund Generates Money for Capital Investment Funding comes from transfers from the Water Operations Fund when available.

Limitations and Other Important Factors The projects paid for through this fund are projects for the purpose of rehabilitation and replacement work for the City's existing water system. Goals for Capital Investment The goals for this fund during this period consist of improvements to enhance system reliability, replace capital equipment, and to take care of existing system deficiencies by replacing deteriorated water mains.

Project List Summary Projects

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

602a18 - Water Storage Sys Improv- Glen Ayre Tank 602b18 - Water Storage Sys Improv- Woodland Tank

$128,203

$598,290

$112,466

$523,215

608020 - Water Facility Rehabilitation

$250,000

$250,000

$250,000

$250,000

$250,000

$250,000

610000 - Water Pipeline Repair and Replacement 610a18 - Holiday Lake Improvements

$160,000 $1,500,000

$160,000 $2,400,000 $1,000,000

$287,000

$2,173,000

610b18 - Water Supply Facility Improvements 620a18 - Reservoir Recoating

$900,000

$500,000

$35,385

$164,615

620b15 - El Toro Tank Improvements 620b18 - Holiday Tank #2 Repair 624018 - Water Planning 625016 - Well Demolition and Abandonment

$299,846 $120,923

$100,000

$700,000

Totals

$2,558,972

$3,383,141

$3,270,830

$2,650,000

$1,250,000

$250,000

2021-2026 Six Year Capital Improvement Program

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