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DeveloperFees as a Percentage of <br /> CIP Financial Resources <br />20% ~ <br /> <br />FY 03-04 FY 04-05 FY 05-06 FY 06-07 <br /> <br />Consistent with this change in development revenue as a total of CIP revenues, over the past few years, <br />the CIP has seen an increase in the amount of expenditures related to annual or ongoing maintenance <br />projects and annual debt service as compared to developer fee funded new projects that were prevalent <br />during the City's high growth period in the 1970's and 1980's. In anticipation of this situation and as <br />part of the City's overall financing plan, a significant amount of General Fund revenue is transferred <br />annually to the CIP. This concept is very important to continue in the CIP program as funding will need <br />to be available from alternative sources once the City is at build-out. The General Fund transfers are <br />discussed later in this narrative. The graph below illustrates the amount of maintenance related <br />expenditures, as a percentage of overall expenditures for the four years of the CIP by project Category. <br /> <br />COMPARISON OF TOTAL EXPENDITURES WITH <br />MAINTENANCE AND DEBT SERVICE PROJECTS <br /> <br /> Expenditures <br />$80.000.000 <br /> <br />$60.000.000 <br /> <br />$40.000.000 <br /> <br />$20.000.000 <br /> <br />$0 <br /> <br />Developer Contributions <br /> <br />In addition to revenue received through development fees, the CIP has historically included revenue <br />from developer contributions to offset specific City projects required as part of a specific development <br />approval. For this CIP, no developer contributions are included. However, the Streets program does <br />include the 1-680 Bernal Interchange reserve project and it is anticipated the Greenbriar Homes <br />Communities will contribute to the project as is progresses. <br /> <br />xiv <br /> <br /> <br />