Recommended FY 2022-2024 Operating Budget and CIP

CITY OF MORGAN HILL - CAPITAL IMPROVEMENT PROGRAM

09 - Traffic Impact- Streets & Roads

346 – Public Facilities- Non AB1600- Streets and Roads

Fund Description The current priority of the Public Facilities Fund is to support pedestrian, bicycle, and vehicle safety in alignment with the City’s Vision Zero Policy. Previously, Fund revenues were received from developers through the City’s RDCS. With the elimination of RDCS due to State legislation, no new funds are anticipated to be received through that process. 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. It is anticipated that funds will be exhausted within the next six years.

Project List

2022-23

2023-24 2024-25

2025-26

2026-27

2027-28

110020- Project Administration

$ 82,950 $ 55,100 $

9,750 $

9,750 $

9,750 $

5,461

110023- Infrastructure Planning - Transportation Master Plan 252023 - Downtown Parking Structure Entry Security System

-

-

-

-

-

250,000

50,000

-

-

-

-

-

-

-

-

-

520023- Bike, Pedestrian & Traffic Safety 1,300,000

800,000

150,000 150,000 Totals $ 1,832,950 $ 1,005,100 $ 159,750 $ 159,750 $ 159,750 $ 155,461 150,000 150,000 150,000 150,000

574015-Sidewalk Repairs

How this Fund Generates Money for Capital Investment Fees were paid by developers of properties competing within the City’s RDCS.

Limitations and Other Important Factors The funds committed by developers are used specifically for design/construction of public off-site improvements.

Goals for Capital Investment The goal for the use of this fund is to expand City facilities to accommodate growth appropriately.

Revenues- Other includes interest income. Expenditure- Other includes annual transfers-out to the General Fund for administration.

Six-Year Pro Forma

2021-22 YE 2022-23

2023-24 2024-25 2025-26 2026-27

2027-28

Fund 346- Public Facilities- NonAB1600 Beginning Fund Balance

Projected

$ 1,100,016 $ 1,925,499 $ 692,587 $ 505,006 $ 456,386 $ 320,240 $ 158,832

Revenues - Impact Fees (AB1600) Revenues - Non- AB1600 RDCS

-

-

-

-

- -

- -

-

1,662,451 590,046

815,176

110,750 5,050 159,750

23,800 4,564 159,750

Revenues - Other

14,441

6,926

3,202

1,588 155,461 4,960

609,400

Expenditures - CIP Projects

1,438,591 1,832,950 1,005,100

159,750

Expenditures - Other Ending Fund Balance

4,449

4,582

4,670

4,760

4,860

7,777

-

$ 1,925,499 $ 692,587 $ 505,006 $ 456,386 $ 320,240 $ 158,832 $

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