RES 97073 - Laserfiche WebLink

of ongoing operating costs which in turn creates a clearer picture of ongoing rt, plaeement costs. However, as the City moves closer to buildout, the dependency on the General Fund for funding a wide range of capital projects may increase. This is most likely the case with ongoing street maintenance where available Gas Tax Revenue will not be adequate to fully sustain an aggressive maintenance program. Staff will continue to monitor the use of Gen~ Fund contributions to this program. Transfers from the Park Renovation Fund Also included in this years program, is $501,300 from the City's Park Renovation Fund to the Miscellaneous Project Category to fund Park Rehabilitation Projects. Projects scheduled for FY 1997/98 include: repht:ement and vznovation of park play equipment ($30,200 funded in all five years); installing new lighting at Areadot Park ($31,000); Phase rt rehabilitation of lairlands Park ($225,000); the consmwtion of an off-leash dog park ($15,000); improvements to existing irrigation syetem-~ at various City parks (S 110,000) Assuming the inclusion of funded projects for 1997198, the City's Park Renovation Fund is expected to have a balance of $243,500 at the end of that year. Unfunded Projects As mentioned previously, this program contains a number of unfunded pwjects. While these projects are viewed as important and part of the City's long range planning, they are listed as unfunded for a number of reasons including lack of funding, lesser priority, timing, and/or not yet concluded project planning. This program includes a new unfunded section which contains pwjects that are partially unfunded. The following projects are included in this section: · City HalYCommunity Center - For the past few years, a reserve has been used for accumulating funding for a new City Hall and Community Center. For this program, these two projects have been combined into a single project based on discussions which indicated a single facility may be feasible. The pwject is placed in the unfunded category because the established and projecteel reserve is not sufficient to fund this facility and because the project planning process has not yet begun. However, assuming disposition of the San Francisco tn'openy project and the continuation of the reserve, staff may begin preliminary planning on this project in FY 1998/99. Project cost may range from $10 - $15 million. A reserve of $11,632,347 is projected by the end of this program. · Municipal Golf Course - A Citizens Committee has been established and a consultant has been secured w oversee this pwject. However, because it is in the early planning stage and because project financing has not been fmalized, the project is listed in the unfunded category. Project cost will range from $9 - $12 million. 9