FY18-19 and 19-20 RECOMMENDED OPERATING AND CIP BUDGET - FIN

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

Expenditure Schedule & Category

Parks & Recreation: 137015

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

86200 - Professional Services 86220 - Architecture and Design

$105,000 $250,000

86360 - Construction

$4,995,000

86530 - Project Implementation

$100,000

$200,000 $200,000

PROJECT COST $5,450,000

Funding Source(s)

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

f301 - Park Impact Fund

$5,450,000

$200,000 $200,000

FUNDING TOTALS $5,450,000

Financial Comments $700,000 has previously been expended or appropriated to support the design of this project. Grant Funds and donations totaling $2.37 million have been secured for this project. $1.1 million in additional fundraising is necessary to fully fund this project. Estimated Project Schedule Timeframe Planning Complete Project Design Construction documents in Quarter 1 of FY 2018/19 Construction Commence Summer 2019 Project Closeout Summer 2020 Operating Cost Impacts Maintenance costs would vary by design, location, and size of the playground. It is estimated that maintenance of the facility could cost between $30,000 - $50,000 annually if maintained by the City. However, it is envisioned that volunteers could offset some of this annual cost.

2019-2024 Six-Year Capital Improvement Program

PAGE: 27 OF 152