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anticipates that projects will be discussed as they develop and as part of the Council's priority setting process. Miscellaneous • The CIP projects that a total of $6,568,472 will be added to the Capital Improvement Reserve (CIPR) during the last two years of this CIP. This is in addition to the existing balance of $1,938,509. N.ote that that the project amount is largely the result of a $2,600,000 General Fund transfer and development related Public Facilities fee revenue anticipated for the fmal two years of the CIP and as such, these sources:should be viewed as tentative since they are dependent on factors, including the overall state of the economy and decisions by private developers to pursue development, that are beyond the City's control. Similar to the Community Park Improvement and Acquisition Reserve, staff anticipates that uses for this fund will be determined as part of the Council's priority setting process which may include a range of park, facility or maintenance projects. Water and Sewer • A total of.$200,000 is allocated for annual sanitary sewer main replacements and improvements and $1,350,000 for annual water main replacements. • $1,032-,000 for design services required as part of the Recycled Water Infrastructure Expansion project which involves construction of a recycled water distribution system from the DSRSD Waste Water Treatment Facility, to a majority of Hacienda Business Park. Ultimately the intent is to expand the system to Santa Rita Road and then to connect to the Tassajara Reservoir along Tassajara Road.The system will also connect southward to include the Sports Park and Tennis Community Park. Staff anticipates that the entire project cost of$15 million, will be funded from a CW State Revolving Fund loan and it is currently preparing the loan application. The loan will be repaid from future water usage fees. CONCLUSION As previously indicated, this Mid-Term review is intended to provide the City Council and the community with a comprehensive update/review of the City's capital plan for the next three fiscal years. When reviewing this budget, it should be remembered that projected revenues are contingent upon activities of the private sector development community and other governmental agencies that are outside the control of the City. As a result, changes to assumptions included in the CIP are possible. Changes in revenue projections and/or project priorities may result in modifications to this program in upcoming fiscal years. However, as presented, this program identifies available revenues and expenditures for FY 2014-15 in an effort to assure that projects are provided to meet community needs and expectations. 10