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

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

Project Justification The expansion is required to meet the future library needs of the Morgan Hill community. The Library was opened in 2007 and has seen a growing demand in children's programs and adult reading areas that cannot be met in the space provided within the existing facility. In addition, the staff at the Library has identified better and more efficient uses of the space inside the existing facility that occur with reconfiguration of that space.

Strategic Planning Documents Morgan Hill Library Space Needs Assessment Expenditure Schedule & Category

Public Facilities: 251015

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

86200 - Professional Services

$100,000 $3,055,364

86360 - Construction

86530 - Project Implementation

$110,000

$50,000 $50,000

PROJECT COST

$3,265,364

Funding Source(s)

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

f348 - Library Impact Fund

$3,265,364 $3,265,364

$50,000 $50,000

FUNDING TOTALS

Financial Comments There is not sufficient Library Impact Funds available to complete Phase I, so the shortfall will be made up with a temporary interfund loan. Previous expenditures and encumbrances on this project total $533,000 in prior years. Fund balances in 18/19 include project funding from prior year. Estimated Project Schedule Timeframe Planning Complete Project Design Complete Construction FY 2018/19 Project Closeout Year-end FY 2019/20 Operating Cost Impacts The County is responsible for interior expense and responsible to pay for any increase.

2019-2024 Six-Year Capital Improvement Program

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