RES 03082 - Laserfiche WebLink

Grants This year's program includes the following two grants: · 2003-04 Prop 40 (Park improvements) · 2003-04/2005-06 Assembly Bill 2928 (Street projects) $470,260 $150,000 annually Utility User's Fees The City has adjusted sewer and water rates in part to establish a rate component for Sewer and Water Replacement and Improvement Projects. To reflect the establishment of the Sewer and Water Replacement Funds, the water and sewer program is divided into expansion and replacement/ improvement projects. Expansion projects are those funded by connection fees while replacement and improvement projects are funded by utility user fees that are transferred from the water and sewer maintenance and operation fund. The funds are not transferable between each other. All of the fund detail is included in Section I of the Appendix. Revenue from the water and sewer maintenance and operation fund is as follows: SUMMARY OF UTILITY USER FEES INCLUDED IN THE CIP FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 TOTAL SEWER $1,427.637 $1.524.605 $1.633,195 $3,285.652 $7.871.089 WATER $2.535,287 $2,517.862 $2.516A58 $2,521.279 $10.090.586 TOTAL $3.962,924 $4.042.467 $4,149.353 $5.806.931 $17.961,675 Transfers from the General Fund This program includes a transfer of approximately $7,100,000 from the General Fund for 2003-04 and $5,800,000 in 2004-05. A total transfer of $27,500,000 is estimated for all four years of the program. The transfer of $12.9 million for the first two years is equivalent to amount planned in the 2002-03 CIP. However, to reflect the need for funding to be available for the renovation of the Veterans Memorial Building, staff has increased the transfer in 2003-04 from the $6,100,000 projected to $7.1 million. Conversely, to remain consistent with long term planning for the General Fund, the amount of transfer in 2004-05 has been reduced. As indicated, these transfers do not affect the total General Fund transfers projected previously. Nevertheless, City staff will continue to monitor the need to reduce or increase these transfers to address current CIP and operating needs. As indicated in the financial tables included in the Section 1 Appendix of the General Fund revenues will be used to pay for all or a portion of a variety of projects in the Streets, Parks and Miscellaneous project categories including, annual street resurfacing, the Bemal Park Reserve, the Expansion of Sutter Gate Park, Downtown Parking Improvements, Bemal Property Improvements Reserve, City Hall Office Building and Civic Center Site Improvements Reserve, Debt services, the Veterans Memorial Building Renovation, etc. With many of these projects, the General Fund is used to meet the City's required contribution to projects funded with Public Facility Fees. A distribution of General Fund contributions over the five years of the program is as follows on the next page: XV