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This CIP includes funding State Propositions 42 and 1B for Streets projects. Proposition 42 was
<br /> approved in 2002 to provide sales tax revenues from the sale of gasoline for specified roadway
<br /> improvements. The CIP estimates a total of $576,955 in Proposition 42 in FY 2009 -10 and a total of
<br /> $2,301,955 for the four years of the CIP. However, there has been concern recently that this funding
<br /> source may not be available pending the outcome of the State's budget situation. If this funding is
<br /> impacted, staff will evaluate and amend projects as necessary. Proposition 1B was approved in 2006 to
<br /> provide a state bond of $19 billion to make safety improvements and repairs to state highways, to
<br /> upgrade freeways to reduce congestion, to repair local streets and to upgrade highways along major
<br /> transportation corridors. Local funding is allocated on a population -based formula. A total of $431,300 is
<br /> anticipated for both FY2009 -10 and FY 2010 -11. The funding is not anticipated to be available after
<br /> FY20I0 -11.
<br /> The total amount of revenue projected for streets projects, including General Fund Transfers and grants
<br /> in $15,387,201.
<br /> Local Development Related Fees
<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 /> CITY DEVELOPMENT RELATED FEES
<br /> Calendar Year Calendar Year Calendar Year Calendar Year
<br /> 2009 2010 2011 2012 TOTAL
<br /> PUBLIC FACILITY FEE $134,781 $990,195 $1,086,618 $330,691 $2,542,285
<br /> PARK DEDICATION FEES $95,332 $1,820,924 $2,442,931 $572,713 $4,931,900
<br /> TRAFFIC DEVELOPMENT FEE $219,790 $816,668 $1,462,167 $329,131 $2,827,756
<br /> WATER CONNECTION FEE $47,724 $191,975 $199,314 $90,000 $529,013
<br /> SEWER CONNECTION FEE $22,603 $127,428 $140,279 $37,500 $327,810
<br /> TOTAL $520,230 $3,947,190 $5,331,309 $1,360,035 $11,158,764
<br /> As indicated previously, these fees are available for expenditure in the fiscal year following the calendar
<br /> year. As a result, fees collected in calendar year 2008 are programmed for expenditures in 2009 -10.
<br /> While the Operations Services Department is currently in the process of reviewing water and sewer
<br /> connection fees, which may lead to increased water and sewer connection revenue, the rate analysis is
<br /> still in progress and subject to City Council approval. As a result, it is not programmed in this CIP.
<br /> In projecting development related fees, staff has taken a conservative approach so that the CIP includes
<br /> revenue projections only from projects that have been fully approved by the City Council and have
<br /> Growth Management capacity. However, if development does not occur as projected, staff will make
<br /> the necessary adjustments as part of the Mid -Term CIP without affecting current year funding.
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