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included in the Water and Sewer detailed financial sheets located in the Appendix. Revenue from the
<br /> water and sewer maintenance and operation fund is as follows:
<br /> SUMMARY OF UTILITY USER FEES INCLUDED IN THE CIP
<br /> FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 TOTAL
<br /> WATER $1,600,000 $1,600,000 $1,600,000 $1,600,000 $6,400,000
<br /> SEWER $1,200,000 $1,200,000 $1,200,000 _ $1,200,000 _ $4,800,000
<br /> TOTAL $2,800,000 $2,800,000 $2,800,000 $2,800,000 $11,200,000
<br /> Vineyard Avenue Specific Plan Loans
<br /> In March 2007, the City Council approved the Vineyard Avenue Corridor Infrastructure Financing Plan
<br /> (Financing Plan) that included three loans to fund water and sewer projects included in the Vineyard
<br /> Avenue Corridor Specific Plan (VCSP). These loans are scheduled to be repaid from revenue generated
<br /> from the Vineyard Avenue Specific Plan and the fourth tier water rate. At the time the loans were
<br /> approved, staff informed the Council that it would indicate the amount of Vineyard Specific Plan
<br /> revenues collected and applied to the loans. However, since the last CIP, no fees have been collected
<br /> from these sources. Finance staff is currently developing options for addressing the loans on a long term
<br /> basis.
<br /> Transfers from the General Fund
<br /> Since approving a general practice of General Fund transfers in FY 1998, the General Fund's
<br /> contribution has been divided into two components. The first component is an annual ongoing
<br /> contribution intended to remain somewhat constant through build-out. The goal of this component is to
<br /> eventually create a stable contribution of approximately $5 million annually until major facility needs
<br /> have been met. The second General Fund component is a one-time contribution from the General Fund
<br /> made up of one-time revenue sources dependent on general financial conditions and the status of the
<br /> Operating Budget. As a result, the amount of this second component has varied over the years. However,
<br /> as a result of the overall economy and local General Fund revenues, these transfers have not occurred for
<br /> the past three years. However, based on revenue projections, this CIP anticipates $1,700,000 in FY
<br /> 2013-14 and $2,000,000 in FY 2014-15. As indicated previously, this funding is tentative based on the
<br /> overall condition of the economy. However, staff has continued to make adjustments to the operating
<br /> budget with the goal of resuming the contributions as soon as possible. Of the projected amount,
<br /> $950,000 is projected to be allocated for Streets projects and the $2,750,000 will be allocated to the
<br /> Capital Improvement Program Reserve for future projects.
<br /> Staples Ranch
<br /> In October of 2010, the City Council approved the final documents related to the Staples Ranch
<br /> Development. As a result of those actions, this CIP includes five new projects which are discussed in the
<br /> Expenditure section below. In accordance with the funding plans for the project, these projects will be
<br /> funded with $4,050,000 from three funding sources as follows:
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