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City of Pleasanton Capital Improvement Program • FY 2023/24 - FY 2026/27 8
<br />II. PROGRAM FINANCIAL OVERVIEW
<br />A summary of available annual financial resources (including beginning balances) and recom-
<br />mended annual expenditures are listed in the tables below. Summary financial tables showing all
<br />recommended projects and available funding are included at the end of this section. All project
<br />expenditures and revenues segregated by source are included in the detailed financial tables in the
<br />respective CIP project category.
<br />All revenues identified below – development fees, gas taxes, grants, interest earnings, and General
<br />Fund, are projected based on staff estimates in the year they are expected to be received. As indi-
<br />cated previously, staff utilizes the Mid-Term CIP to make any adjustments necessary to address fluc-
<br />tuations in estimated revenues or project expenditures, ensuring the CIP accurately reflects project
<br />development.
<br />The table below provides a general summary of revenues by major funding sources and expendi-
<br />tures by project category.
<br />SOURCES OF FINANCIAL RESOURCES, EXPENDITURES, AND FUND BALANCES1
<br />1 To accurately reflect the funding available each year by category, the above annual dollar amounts include all available resources for each
<br />year, including beginning fund balances. However, the “Total” column has been adjusted to reflect only the FY 2023/24 beginning fund balance.
<br />Similarly, for ending fund balances, the “Total” column reflects only the FY 2026/27 ending fund balance. As a result, the “Total” column does not
<br />equal the sum of the individual years.
<br />FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 Total
<br />Beginning Fund Balance $47,915,294 $26,701,252 $24,305,136 $27,464,725 $47,915,294
<br />Revenue Category
<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 3,662,064 3,943,529 12,048,776
<br /> Non-City Development Fees 476,415 562,714 279,187 273,844 1,592,160
<br /> Grants and Miscellaneous 2,730,000 80,000 80,000 80,000 2,970,000
<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 3,734,895 2,634,894 4,900,000 4,675,000 15,944,789
<br /> Interest Earnings 703,230 719,552 737,728 757,268 2,917,779
<br />Total Resources $66,709,160 $41,984,528 $42,279,725 $45,724,530 $118,226,830
<br />Expenditures and Reserves
<br /> Facilities $3,600,000 $200,000 $400,000 $4,000,000 $8,200,000
<br /> Parks 4,231,012 1,300,000 300,000 300,000 6,131,012
<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 18,177,497 8,540,000 9,630,000 10,305,000 46,652,497
<br /> Water 1,050,000 1,050,000 1,050,000 1,050,000 4,200,000
<br /> Miscellaneous 2,175,000 375,000 875,000 875,000 4,300,000
<br />Capital Expenditures $32,208,509 $14,180,000 $14,140,000 $18,155,000 $78,683,509
<br /> Other Expenditures $7,799,399 $3,499,392 $675,000 $425,000 $12,398,791
<br />Total Expenditures $40,007,908 $17,679,392 $14,815,000 $18,580,000 $91,082,300
<br />Projected Ending Fund Balance $26,701,252 $24,305,136 $27,464,725 $27,144,530 $27,144,530
<br /> *Represents the beginning unappropriated amount for each fiscal year.
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