Recommended FY 2022-2024 Operating Budget and CIP

Description of Funds (continued)

and development of the City’s parks.

streets, traffic signals, and improvements of existing streets where they are impacted by new development. Fund is subject to the restrictions of AB1600. Police Impact Fund (311) Police Impact Fund revenues are derived from a fee charged to developers to cover the costs to construct public improvements for Police facilities needed as a result of new development. Expenditures may only be made for the future construction of the required new Police facilities or to reimburse the City for funds advanced to construct such facilities. Fund is subject to the restrictions of AB1600. Fire Impact Fund (313) Fire Impact Fund revenues are derived from a fee charged to developers to cover the costs to construct public improvements required for Fire facilities as a result of new development. Expenditures may only be made for the future construction of the required new Fire facilities or to reimburse the City for sums advanced to construct such facilities. Fund is subject to the restrictions of AB1600. Public Safety Facilities Impact Fund (315) Revenues are derived from a fee charged to developers to cover the costs to construct public improvements required for Police and Fire facilities, as a result of new development. Expenditures may only be made for the future construction of the required new Public Safety facilities. The Fund is subject to the restrictions of AB1600. Beginning in 2020, the Fire and Police Impact Fees were combined into this Public Safety Facilities Impact Fee Fund.

Drainage Impact Fund (303) Local Drainage Impact Fund revenues are received from developers of properties and the funds may only be used for the design and construction of new storm drains. Fund is subject to the restrictions of AB1600. Drainage Non AB1600 Fund (304) Local Drainage Fund revenues are received from developers of properties and the funds may be used for the design, construction, and maintenance of storm drains. Agriculture and Open Space Preservation Fund (306) This fund accounts for open space fees collected from developers. These funds are to be expensed for agriculture and open space preservation expenditures. Street CIP (308) This fund was established effective July 1, 2007. The fund accounts for resources and requirements for capital projects that support the City of Morgan Hill’s streets and roads. The fund has been separated from Street Operations, fund 202. The funds allocated, which are normally transfers from other revenue funds such as the Traffic Impact Fund 309, and grant reimbursements, may be expended on new streets, traffic signals, and improvements of existing streets. Traffic Impact Fund (309) Traffic Impact Fund revenues are received from developers if their projects have an adverse impact on traffic flows, streets, etc. The funds collected may be expended on new

Public Facilities Non AB1600 Fund (346) Public Facilities Fund revenues are received

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