11 ATTACHMENT 1, EXHIBIT B - Laserfiche WebLink

City of Pleasanton Capital Improvement Program • FY 2023/24 - FY 2026/27 12 Development fee revenue included in this CIP reflects those new residential and commercial projects that have received all necessary City Council approvals, including approved planned unit develop- ments. Revenues from development projects that are currently under review or those that are in the early planning stages are not included in the CIP. Notwithstanding, since the City does not control the timeline for these developments, the development fee projections are staff’s best estimate of an- ticipated development activity for the next four years, and even approved projects may be affected by the economy and the health of the housing and construction industry that is generally outside the City’s purview. One of the major funding sources for the Transportation and Streets capital projects is revenues col- lected from the City Transportation Impact Fees (TIF), estimated to be $7.0 million over the four years of the CIP. This fee revenue is applied only to projects allowed as part of the Traffic Impact Fee Study. Some of the more notable projects funded with this revenue source include the Sunol Boulevard In- terchange Improvement Project and Traffic Signal Installations. As noted previously, the receipt of TIF funds is dependent upon the construction of anticipated new commercial and/or residential development projects. However, in recent years, actual TIFs collected have been lower than budgeted revenues. As a result, staff took a more conservative approach to estimating TIF revenues included in this CIP. Staff will continue to monitor development activities in the City and propose adjustments to both estimated revenues and expenditures as part of the Mid- Year and Mid-Term Budget processes, if necessary. Transfers from the General Fund The CIP includes a proposed General Fund contribution of $2.0 million each in the first two years to be included in the Proposed Capital Budget and $1.0 million each in the last two years, for a total of $6.0 million over a four-year period from FY 2023/24 to FY 2026/27. GENERAL FUND CONTRIBUTIONS TO THE CIP Historically, the General Fund contribution has been used for a full range of Streets, Parks, and Mis- cellaneous projects, and the CIP will continue this practice. Some of the projects that will be fund- ed through the General Fund contribution include the Asset Management Plan, Climate Action Plan Implementation, and Skatepark projects. IV. SUMMARY OF CIP EXPENDITURES The CIP includes a total of 43 projects recommended for funding during the four years of this CIP. The Proposed Capital Budget for the next two years includes $32.2 million and $14.2 million in ex- penditures for capital projects and reserves in FY 2023/24 and FY 2024/25, respectively, for a total of $46.4 million. Total four-year expenditures for capital projects and reserves in the CIP are estimated at $78.7 million. It should be noted that additional expenditures of approximately $11.3 million in the first two years and $12.4 million over a four-year period, consisting of transfers to other capital and operating funds, as well as remaining payments of almost $0.9 million for the California State Water Resources Control Board for its State Revolving Fund Loan. Combined, the overall expenditure includ- ed in the CIP is $91.1 million over a four-year period. FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 Total $2,000,000 $2,000,000 $1,000,000 $1,000,000 $6,000,000