15 ATTACHMENT 2 - Laserfiche WebLink

City of Pleasanton Capital Improvement Program • FY 2023/24 - FY 2026/27 18 Measure F, also known as the Vehicle Registration Fee (VRF) program, was approved by voters in 2012. This program collects a $10 per year vehicle registration fee which is dedicated to the Alameda Coun- ty’s transportation network improvements with the aim of reducing traffic congestion and pollution. ACTC also administers this program and provides funding allocations to local municipalities in the county. Measure F makes up for approximately 5.4 percent of the transportation funds. The City uses Measure F funds toward local streets and transportation related capital projects. Development Impact Fees The CIP includes funding from the City’s Development Impact Fees like the Transportation Improvement Fees, and non-city fees like the Tri-Valley Transportation Fee and the Dougherty Valley Mitigation Fees. Combined, these development related fees comprise 17.1 percent of the CIP funding sources. Impact fees are one-time charges on new development collected and used by the City to cover the cost of capital facilities and infrastructure that is required to serve new residential and commercial growth. Impact fees are collected upon issuance of a building permit. The City currently has an estab- lished impact fee program that specifies areas of use. These areas include: •Public Facility Fees that fund: O Parks & Recreation Facilities O Downtown Beautification Improvements O Public Facilities, including fire stations, public safety training facilities, the City Library, downtown parking, and the Civic Center •Transportation Improvements Transfers In from Other Funds This revenue category, which accounts for 22.7 percent of the total projected revenues, consists of various transfers from funds other than the General Fund. Contributions from the Utility Enterprise Funds account for the largest share at $8.5 million over a four-year period. Normally, these utility funds make annual contributions based on revenues generated from the City-operated utilities like Water, Recy- cled Water, Sewer, and Storm Drain. While most of these revenues are used to fund the utility opera- tions, a portion is transferred to the capital funds annually to pay for maintenance and improvements projects directly related to these utilities. However, due to operating funding challenges in these utility programs, no transfers to corresponding capital funds are planned in the first two years of the CIP. Other Revenue Sources These CIP funding categories consist of smaller sources including interest earnings on fund balances of all CIP funds, miscellaneous grants, and transportation grants. The combined contribution of these cat- egories to the CIP is 10.6 percent, where 4.2 percent comes from Grants and Miscellaneous, 4.1 percent comes from interest earnings, and 2.3 percent is from transportation grants.