|
City of Pleasanton Mid-Term Budget Update • FY 2022/23 60
<br />TABLE 2c: Priority Projects ListTABLE 2c: Priority Projects List
<br />TABLE 3: FY 2022/23 CIP Mid-Term Revenue by SourceTABLE 3: FY 2022/23 CIP Mid-Term Revenue by Source
<br />
<br />
<br />*Revenues include interest earnings Revenues include interest earnings
<br />Table 3 indicates the modifications to CIP revenues included in the FY 2022/23 Mid-Term CIP. As part
<br />of the City’s strategy to fund City Council Priority Projects, an increase of $4.2 million in transfers is
<br />included. Funds are transferred from the General Fund ($2.7 million), Capital Reserves ($543,221) and
<br />Repair and Replacement Funds ($1 million) to the CIP projects. In the City Development Fee category,
<br />staff is estimating that the Capital Facilities Impact Fees and Traffic Impact Fees will collectively be
<br />$1.75 million less than originally included in the FY 2022/23 CIP, to reflect credits available to projects
<br />and not previously accounted for. Finally, there is a total reduction of $1.4 million in transfers from
<br />the Water and Sewer CIP funds due to anticipated reduction as a result of the ongoing drought in
<br />California, and associated reduction in revenues.
<br />CIP Revenue Sources *
<br /> FY 2022/23
<br />Original
<br />Revenue Adjustments
<br />FY 2022/23
<br />Total
<br />Revenue
<br />Annual General Fund Contribution $5,818,011 $4,262,737 $10,080,748
<br />City Development Fees 8,274,673 (1,750,000) 6,524,673
<br />Gas Tax, Measure B, BB & Highway Funds 6,328,320 - 6,328,320
<br />Grants and Miscellaneous 326,691 - 326,691
<br />Non-City Development Fees 355,670 - 355,670
<br />Transfers from Other Funds 4,903,075 (1,420,000) 3,483,075
<br />Total $26,006,440 $1,092,737 $27,099,177
<br />Project
<br />Approximate
<br />Total Need
<br />Available as
<br />of FY 2021/22
<br />Mid-Term
<br /> FY 2022/23
<br />Future
<br />Funding Grand Total
<br />Bernal Community Farm
<br />(Design Phase I) - $350,000 - - $350,000
<br />Skatepark $6 million 281,619 $3,000,000 $2,718,381 6,000,000
<br />Pleasanton Cricket Pitch & Field $500,000 250,000 250,000 - 500,000
<br />West Las Positas Blvd. Repairs $10 million 3,369,592 2,500,000 4,130,408 10,000,000
<br />Library Roof $5 million 2,281,456 525,000 - 2,806,456
<br />Library Lighting $400,000 400,000 - - 400,000
<br />Library Fire Control Panel $1.1 million - - 1,100,000 1,100,000
<br />Century House Facility $3.8m - 4.3m 156,500 4,643,500 - 4,800,000
<br />Total $7,089,166 $10,918,500 $7,948,789 $25,956,456
|