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$631,874. Staff anticipates that approximately $574,000 of this will be used for the 1-580 at Foothill
<br /> Road Improvements Phase 3 project.
<br /> General Fund contributions are anticipated in the final two years of the program in the amount of
<br /> $950,000. However, this funding is dependent entirely on the status of the operating budget and if
<br /> revenue falls short of targets, this contribution will be re-evaluated. Also included as a funding source
<br /> for streets projects is $2,548,548 from the City's Transportation Improvement Fee, which is one of the
<br /> City's development impact fees. Because these funds are dependent on anticipated development
<br /> revenue, the actual amount collected may vary. Finally, the CIP anticipates $250,000 worth of grants
<br /> from Transportation Development Act funds during the four years of the CIP.
<br /> The total amount of revenue projected for streets projects, including General Fund contributions and
<br /> grants in $13,497,060.
<br /> A comparison of major Gas Tax related funding from FY 2009-10 and the amount estimated for this CIP
<br /> is as follows:
<br /> COMPARISON OF ONGOING HIGHWY REVENUES
<br /> Source FY2009-10 Actual FY2011-12 Difference
<br /> Projected
<br /> Gas Taxes $1,150,846 $1,906,053 $755,207
<br /> Measure B- Roads $550,060 $607,623 $57,563
<br /> Measure B- Trail $152,321 $167,715 $15,394
<br /> Prop 42 $635,431 $0 ($635,431)
<br /> Total $2,488,658 $2,681,391 $192,733
<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 RELATEI) FEES
<br /> Fee Type Calendar Year Calendar Year Calendar Year Calendar Year Calendar Year TOTAL.***
<br /> 2010* 2011** _ 2012 2013 _ 2014
<br /> Traffic Impact Fees $106,176 _ $170,196 $1,083,531 $824,732 $470,089 $2,654,724
<br /> In-Lieu Park Dedication Fees $475,643 $281,503 $669,783 $737,732 $1,870,218 $4,034,879
<br /> Public Facilities Fees $99,616 $171,015 $474,564 $446,768 $736,421 $1,928,384
<br /> Water Utility Connection Fees $64,060 $46,800 $102,600 $123,000 $104,565 $441,025
<br /> Sewer Connection Fees $27,923 $19,500 $68,005 $50,446 $90,250 $256,124
<br /> TOTAL $773,418 $689,014 $2,398,483 $2,182,678 $3,271,543 $8,541,718
<br /> *Included in beginning fund balance ** Available for calendar year 2012-13 *** Includes CY 2011 through CY 2014
<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 2010 are included in beginning balance for FY 2011-12.
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