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By incorporating the steps described above, the CIP reflects both community, expectations. Council
<br />priorities, and staff identified needs to date. Nevertheless. as with previous CIP's, and as evidenced by
<br />the number of projects included in the Unfunded section of this program, not all projects can be funded.
<br />However, staff is confident that this program appropriately addresses the communiw's highest priorities.
<br />
<br />II. PROGRAM FINANCIAL OVERVIEW
<br />
<br />A summary of available annual financial resources (including beginning balances) and recommended
<br />annual expenditures is listed in the tables below. Summary financial tables showing all recommended
<br />projects and available funding are included at the end of this section. All project expenditures and
<br />revenues segregated by source are included in the detailed financial tables located in the Section I of
<br />Appendix. In accordance with the funding policy discussed previously, development generated fee
<br />revenue is available for allocation in the year after it is projected to be collected. However, to reflect the
<br />City's contribution and requirement for the Bernal/I-680 Interchange project, the CIP shows the transfer
<br />of Traffic Impact Fees to the Bemal Interchange project occurring in the year they are projected to be
<br />received. This practice began in the last CIP to reflect the required project schedule and the fact that
<br />costs in excess of available revenues will be advanced by Greenbriar Homes Communities, Inc. (Bemal
<br />Investors, LLC.). In addition, the CIP shows a 2003-04 transfer from the Lower Income Housing Fund
<br />to the various project categories for fee waivers approved for affordable housing. While the actual
<br />developments may not occur in 2003-04, the transfer is shown in this year to reflect a full representation
<br />of the transfers approved recently by the City Council and to be consistent with the City Budget that
<br />shows these transfers.
<br />
<br />The three tables listed below provide a general summary of expenditures and revenues by project
<br />category and major funding sources.
<br />
<br />PROJECTED AVAILABLE ANNUAL FINANCIAL RESOURCES*
<br />
<br /> FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 TOTAL
<br />WATER $10.892,052 $8,017.755 $8.529~915 $8~899,352 $19,352,313
<br />SEWER $4,094.535 $3.820,634 $4~100.666 $6.452,238 $I 1,044~026
<br />STREETS $5,149,766 $5,183.260 $6.139,375 $8,310.671 $19,230,204
<br />?ARKS $4,913,655 $4.273~271 $2.586,716 $2,252.716 $13,228,716
<br />MISC. $8,252,309 $6,546,704 $8,662.999 $8.320,469 $30,638,680
<br />FOTAL $33,302,317 $27.841,624 $30.019,671 $34.235.446 $93,493,939
<br />
<br />To accurately reflect that amount of financial resources available each year by category, the above annual dollar
<br />amounts include all available resources for each year including beginning and recurring fund balances. However,
<br />the "total" column has been adjusted to reflect removal of these transfers and the recurring fund balances. As a
<br />result, the "Total" column does not equal the sum of the individual years.
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