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III. SUMMARY OF THE MAJOR REVENUE CATEGORIES AND REVENUE
<br /> HIGHLIGHTS
<br />
<br />Bej~innin~ ~u¼nces
<br />
<br />Beginning balances are developed based on revenue available effective July 1, 2001. The beginning
<br />balance for all project categories for this CIP is $17,539,067. The beginning balances are derived from
<br />both available revenue from preceding years and from development revenue collected in the previous
<br />year which is being programmed for FY 2001-02. An identification of beginning balances by revenue
<br />source is included in detailed financial tables located in Section 1 of the Appendix.
<br />
<br />State and Local Gas Tax and Highway Related Revenue
<br />
<br />Gas tax revenues are allocated annually to cities on a statewide allocation formula which is based
<br />primarily on a city's population. These funds can be used for new construction or the repair and
<br />maintenance of existing street systems or street lighting.
<br />
<br />It is estimated that a total of $1,754,790 of gas tax revenue will be received in FY 2001-02 as compared
<br />to the $1,590,560 estimated amount from this source in FY 2000~01. For FY 2002-03, gas tax revenue
<br />is estimated at $1,806,002. The five year projections of new gas tax revenue is $6,522,500. In addition
<br />to th~se totals, $2,736,734 is projected from Measure B revenue. While Measure B is funded from sales
<br />tax, it is placed in this category to reflect its use for roadways.
<br />
<br />Staff estimates that the City's 20% share of the Tri-Valley Transportation Development Fee will generate
<br />approximately $1,134,676 during the five years of this program. Of this revenue, $450,000 will be used
<br />in FY 2001-02 for street resurfacing. The other revenue has been included in the CIP under a project
<br />titled, "Tri-Valley Transportation Fees (Reserve)." The revenue has been placed in this project to
<br />segregate it from other traffic related revenue and to allow staff to develop a comprehensive listing of
<br />project priorities eligible for these funds.
<br />
<br />Local Development Related Fees
<br />
<br />This category of revenue consists of fees collected by the City to offset the impact of new development.
<br />The four major sources and expected revenue from these sources are as follows:
<br />
<br />DEVELOPMENT-RELATED FEES
<br />
<br /> FY 2001-02 FY 2001-0~ FY 200~-04 FY 2004-05 FY 200S-06 TOTAL
<br />PUBLIC FACILITY FEE $1,118,7'M $1,071,379 $683,459 $439,228 $177,76~ $3,490,577
<br />TRAFFIC DEVELOPMENT FEE $1,414,462 $1,025,321 $1,2i 1,427 $2,220,841~ $1,405,274 $7,277,325
<br />WATER CONNECTION FEE $395,65.~ $437,958 $212,677 $197,79{ $45,481 $1,289,567
<br />SEWER COI~NECTION FEE $184,32.~ $171,185 $143,230 $104,91~ $52,67-~ $656,334
<br />PARK DEDICATION FEES $( $1,000,000 $789,000 $¢ SI $1,789,000
<br />TOTAL $3,113,18~ $3,705,843 $3,039,793 $2,962,783 $1,681,19; $14,502,803
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