FY 2425 2526 Recommended Operating Budget

Description of Funds (continued)

they are impacted by new development. Fund is subject to the restrictions of AB1600. Public Safety Facilities Impact Fund (315) Revenues are derived from a fee charged to developers to cover the costs to construct public improvements required for Police and Fire facilities, as a result of new development. Expenditures may only be made for the future construction of the required new Public Safety facilities. The Fund is subject to the restrictions of AB1600. Beginning in 2020, the Fire and Police Impact Fees were combined into this Public Safety Facilities Impact Fee Fund. Public Facilities Non AB1600 Fund (346) Public Facilities Fund revenues are received from developers of properties and the funds may be used for the design, construction, and maintenance of public facilities or to reimburse the City for funds advanced to construct such facilities. Public Facilities Impact Fund (347) Public Facilities Impact Fund revenues are derived from fees charged to developers to cover the costs to construct public improvements required as a result of new development. Expenditures may only be made for the future construction of the required new facilities or to reimburse the City for funds advanced to construct such facilities. Fund is subject to the restrictions of AB1600.

Library Impact Fund (348) Library Impact Fund revenues are derived from a fee charged to developers to cover the costs to construct library improvements required as a result of new development. Expenditures may only be made for the future construction of the required new library facilities or to reimburse the City for funds advanced to construct such facilities. Fund is subject to the restrictions of AB1600. Undergrounding Fund (350) 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 the design and construction associated with such undergrounding. School Pedestrian and Traffic Safety Fund (355) This fund accounts for the revenues and expenditures related to the collection and use of development fees for pedestrian and traffic safety capital improvements at or near schools. There ’ s no residual funds remaining as of June 30, 2024. This fund was set up to collect revenues derived from a fee charged to developers to cover the costs to construct new community centers within Morgan Hill. Expenditures may only be made for the future construction of the required new facilities or to reimburse the City for funds Community Recreation Centers Impact Fund (360)

GENERAL INFORMATION 60