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

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

Expenditure Schedule & Category

Streets & Roads: 502000

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

86220 - Architecture and Design

$10,000 $175,000 $25,000 $210,000

$10,000 $175,000 $15,000 $200,000

$120,000

86360 - Construction

$1,300,000

86530 - Project Implementation

$80,000

PROJECT COST

$1,500,000

Funding Source(s)

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

f309 - Traffic Impact Fund

$1,500,000

f346 - Public Facilities (NonAB1600) Fund

$210,000

$200,000

FUNDING TOTALS

$210,000

$200,000

$1,500,000

Financial Comments Traffic Impact funding for new traffic signals is delayed until FY 2023/24 due to increased costs for development of the Hale Avenue Extension. The Hale Avenue Project includes plans for several intersection improvements on the planned roadway. Estimated Project Schedule Timeframe Planning Ongoing Project Design FY 2019/20, FY 2021/22, FY 2023/24 Construction FY 2019/20, FY 2021/22, FY 2023/24 Project Closeout FY 2019/20, FY 2021/22, FY 2023/24 Operating Cost Impacts Maintenance of new traffic signals to be performed by Community Services Maintenance Division at an estimated additional annual operating cost of $1,500 per signal.

2019-2024 Six-Year Capital Improvement Program

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