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

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

Expenditure Schedule & Category

Streets & Roads: 519000

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

86220 - Architecture and Design

$50,000

$50,000

$50,000

$50,000

$50,000

$50,000

86360 - Construction

$3,250,000 $290,000

$4,107,000 $350,000

$2,150,000 $200,000

$2,150,000 $200,000

$2,150,000 $200,000

$2,150,000

86530 - Project Implementation

$200,000 PROJECT COST $3,590,000 $4,507,000 $2,400,000 $2,400,000 $2,400,000 $2,400,000

Funding Source(s)

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

f308 - Street CIP

$3,590,000 $4,507,000 $2,400,000 $2,400,000

$2,400,000 $2,400,000

$2,400,000 $2,400,000

FUNDING TOTALS

$3,590,000

$4,507,000 $2,400,000 $2,400,000

Financial Comments Funding includes new revenues from Measure B, SB1, OBAGII Grant Funds and contributions from the General Fund of $1,000,000 for the first two years and $250,000 annually for the remaining years. Estimated Project Schedule Timeframe Planning Ongoing Project Design Design will occur annually for identified projects. Construction Will commence in the summer annually.

Operating Cost Impacts Pavement rehabilitation reduces overall maintenance cost as affected streets are improved.

2019-2024 Six-Year Capital Improvement Program

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