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Founds SuEiect to S-'11 a 6O <br /> The City utilizes the following funds to track development related revenues subject to <br /> SB1760: <br /> Water and Sewer Expansion Funds (Funds 355 and 356) — These funds are utilized to <br /> account for Water and Sewer Connection fees. When a project serves both new and <br /> existing development, only the portion related to new development is charged against <br /> these funds The other portions of the project are funded by other sources, such as <br /> revenue from the rate payer funded Repair and Replacement Funds (Replacement <br /> Funds) The Replacement Funds are accounted for separately (Funds 345 and 346) <br /> Fund balance, revenues, expenditures and transfers for Funds 355 and 356 for fiscal <br /> years 2011/12 through 2015/16 are detailed in Appendix B <br /> The following is a summary by fund of the projects that the City is committed to complete <br /> in coming years with available Water and Sewer Connection fees. <br /> \flatter Expansion Fund (355) <br /> ® Nevada Street Water Main Extension — project#941015 <br /> Description Installation of a 16' water transmission line from Stanley Boulevard to <br /> Zone 7 Water Turnout No 5 at Bernal Avenue <br /> Approximate project completion date 2017 <br /> Project cost $606,000 <br /> funded by development impact fees 35 6% <br /> Source of funding Water Connection Fees (35 6%), Water Replacement Funds <br /> (64 4%) <br /> ® Ruby Hill —Additional Water Storage— project#151046 <br /> Description Construction of a 500,000 gallon tank adjacent to the existing upper Ruby <br /> Hill Water Tank <br /> Approximate project completion date 2018 <br /> Project cost $950,000 <br /> % funded by development impact fees 100% <br /> Source of funding Water Connection Fees (100%) <br /> ® Water Treatment Chemical Storage Building — project#151048 <br /> Description Replace temporary metal storage shed at Operations Service Center with <br /> block construction building meeting updated storage safety requirements to meet <br /> current and future water treatment chemical storage needs <br /> Approximate project completion date 2017 <br /> Project cost $350,000 <br /> % funded by development impact fees 100% <br /> Source of funding Water Connection Fees (100%) <br /> Page 6 of 7 <br />