RES 97073 - Laserfiche WebLink

Federal Grants This yeats program includes $2,122,011 in grants from the Federal Intermodal Surface Transportation Efficiency Act 0STEA). This funding is proposed to be used as follows: YEAR PROJECT AMOUNT II FY 1997/98 First Street Bridge at Arroyo Del Vaile S 1,197,65 I FY 1999/00 Santa Rim Rmd Restwfacing (Old Santo Rim to Sttmet/dge) 469,740 FY 200 i/02 Santo Rim Road Rmtufacing (Storeridge Drive to Mohr Avenue) 4fi4,620 Contributions from the Sewer and Water Operation Fund In recent ymu~ the City has adjusted sewer and water rates in part to establish a rote component for sewer and water replacement and improvement projects. To reflect the establishment of the Water and Sewer Replacement Funds, the Water and Sewer projects. Expansion projects are those funded by connection fees while replacements and improvements are funded by the replacement component of water and sewer rates. These funds are not transferable between each other. The water and sewer replacement and improvement accruais, which are revenue transferred from the Water and Sewer Maintenance and Operation Funds to cover the cost of replacement and improvement projects are estimated to be $10,772,000 and $3,914,000 respectively over the tenn of this program for a total of $14,686,000. The Maintenance and Operation Funds are expected to contribute $3,128,412 and $1,773,108 to cover the Water and Sewer Replacement share of lease payments. Transfers from the General Fund The program includes a net 'transfer of approxlr--,--!y $1 ,~88,500 from the General Fund during Fir 1997/98 and $1,365,000 in FY 1998/99 of the program. A total of $6,874,000 is estimated for all five years of the program. These funds will be used to pay for a variety of projects, including the replacement and addition of equipment and debt service payments and is generally used to pay for the replacement and improvement portion of rniscellaneous projects. The expansion portion of these projects is paid for with development revenue. A distribution of Cgncral Fund contributions over the five years of the program is as follows. GENERAL FUND CONTRIBUTIONS I i $1,388,506 $1,364,959 Sl,373,500 Sl,373,500 $1,373,500 S6,873,965 It should also be noted that projects determined to be scheduled routine replacement, i.e., trucks, vehicles and equipment and routine engineering studies which have traditionally been included in his program, have been moved to the City's Operating Budget. This move allows for better tracking 8