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The CIP is estimated at $82.7 million to support capital funding over the next four years.
<br /> Funding for the first two years of the CIP will be incorporated into the 2023-25 budget,
<br /> and the remaining two years are presented for planning and analysis purposes.
<br /> Table 1: Projected Revenues and Expenditures by Cateqory
<br /> FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 Total
<br /> Beginning Fund Balance* $49,839,225 $33,625,838 $31,383,937 $35,052,277 $49,839,225
<br /> Gas Tax,Measure B,BB&Highway Funds 6,876,785 7,115,473 7,315,610 7,530,164 28,838,032
<br /> City Development Fees 2,272,541 2,170,643 3,662,063 3,943,527 12,048,773
<br /> Non-City Development Fees 476,414 562,714 279,187 273,844 1,592,159
<br /> Grants and Miscellaneous 80,000 80,000 80,000 80,000 320,000
<br /> Annual General Fund Contribution 2,000,000 2,000,000 1,000,000 1,000,000 6,000,000
<br /> Transfer In from Other Funds 3,636,990 2,700,000 5,150,000 4,925,000 16,411,990
<br /> Interest Earnings 700,715 709,269 721,479 735,054 2,866,518
<br /> TOtel fCes. $65,882,670 $ $53,539,866 $117,916,697
<br /> Expenclitures and Reserves
<br /> Facilities 3,600,000 200,000 400,000 4,000,000 8,200,000
<br /> Park 3,518,381 1,200,000 250,000 250,000 5,218,381
<br /> Sewer 2,500,000 1,500,000 1,500,000 1,500,000 7,000,000
<br /> Storm Drain 475,000 1,215,000 385,000 125,000 2,200,000
<br /> Transportation and Streets 14,901,461 9,940,000 9,530,000 10,205,000 44,576,460
<br /> Water 1,050,000 1,050,000 1,050,000 1,050,000 4,200,000
<br /> Miscellaneous 2,050,000 250,000 750,000 750,000 3,800,000
<br /> Transfer Out to Other Funds 4,161,990 2,225,000 675,000 425,000 7,486,990
<br /> Total Expenditures&Transfers $32,256,832 $17,580,000 $14,540,000 $18,305,000 $82,681,831
<br /> Projected Ending Fund Balance $33,625,838 $31,383,937 $35,052,277 $35,234,866 $35,234,866
<br /> Over the years, the City Council has effectively used CIP plans to guide the design and
<br /> development of city infrastructure. The City Council has also developed prudent fiscal
<br /> policies to fund capital projects with a variety of funding resources. Projects
<br /> recommended for the CIP are based on the goals and priorities set forth by the City
<br /> Council.
<br /> Available Resources
<br /> The City uses restricted and unrestricted revenues to fund capital projects. Restricted
<br /> resources represent non-discretionary funds that can only be spent for specific
<br /> purposes/projects. Unrestricted resources include discretionary General Fund and
<br /> operating budget program contributions. Examples of restricted funds are presented
<br /> below:
<br /> • Traffic, Tri-Valley Transportation, Johnson Drive Economic Development Zone
<br /> (JDEDZ), Facility, and Park impact fees and developer contributions from
<br /> residential and commercial development projects;
<br /> • Gas Tax funds, Measure B/BB sales tax revenues, and Measure F vehicle
<br /> registration fees from the state and the county;
<br /> • Grants from other agencies;
<br /> • Fees collected for specific plans and capital reserves;
<br /> • Water and Sewer connection fees and contributions from residential and
<br /> commercial development projects;
<br /> • Transfers from Water and Sewer Funds for relevant projects; and
<br /> • Interest earnings from restricted funds.
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