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along the west edge of the railroad corridor, drainage improvements, stormwater treatment facilities, curb, gutter, new asphalt and striping. Approximate project completion date: 2023* Project cost: $3,501,745 Source of funding: Downtown Parking In-Lieu and General Fund CIP % funded by development impact fees: 22% eligible to be funded * Project was completed in early part of FY 2022/23. Lower Income Housing Fund (Fund 122) Amount collected in more than five fiscal years ago not yet spent: $1,940,504 • The Lower Income Housing Fee, not subject to AB 1600 requirement, will continue to be collected to provide services and programs for lower income households, including Rapid Re-Housing Program, Housing Rehabilitation Program, First-Time Homebuyer Program, Down Payment Assistance Loan Program and others, in partnership with a number of local, non-profit organizations. Additionally, any potential affordable housing related projects are continuing to be explored. Funds Subject to AB 1760 The City utilizes the following funds to track development related revenues subject to AB 1760: Water and Sewer Expansion Funds (Funds 422 and 432) — These funds are utilized to account for Water and Sewer Connection fees. When a project serves both new and existing development, only the portion related to new development is charged against these funds. The other portions of the project are funded by other sources, such as revenue from the rate payer funded Repair and Replacement Funds (Replacement Funds). The Replacement Funds are accounted for separately (Funds 422 and 432). Fund balance, revenues, expenditures and transfers for Funds 422 and 432 for fiscal years 2017/18 through 2021/22 are detailed in Attachment 3. The following is a summary by fund of the projects that the City is committed to complete in coming years with available Water and Sewer Connection fees: Water Expansion Fund (422) • Water Capacity Evaluation — Project #18134 Description: The Water System Capacity Evaluation is a comprehensive study of the City's sewer water system and will be used to determine proper sizing of water pump stations, reservoirs, piping, and other facilities for both existing and future demand conditions. The project will create a hydraulic model of the water system to facilitate evaluation. Recommendations will support development of future Capital Improvement Programs. Approximate project completion date: 2023 Page 6 of 8