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CAPITAL IMPROVEMENT PROGRAM REVENUES
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<br /> Funds to finance the Capital Improvements are derived from the following major sources:
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<br />1. State and local gas tax and highway related revenues.
<br />2. Construction and development related fees.
<br />3. Federal, state and local grants.
<br />4. Contributions from the water and sewer operation fund.
<br />5. Transfers from the City's General Fund.
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<br />A summary of all project revenues estimated to be received in each lineal year, including beginning fund
<br />balances, is as follows:
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<br /> FY 1993/94 FY 1994/95 FY 1995/96 FY 1996/97 FY 1997/98 TOTAL
<br /> III IIII
<br /> BEGINNllNIG BALANCES (7/1/93) $7,430,998 $7,430,998
<br /> GAS TAX/HIGHWAY REVENUES 1,245,453 1,280,363 1,323,897 1,360,758 1,391,756 6,602,228
<br /> ......
<br /> CONSTRUCTION-RELATED FEES 3,663,422 4,317,987 1,556,838 2,899,019 2,088,019 14,525,284
<br /> GRANTS/OTHER AGENCIES 1,345,601 145,000 1,988,000 75,000 125,000 3,678,601
<br /> USER REVENUES 2,346,840 2,408,531 2,668,636 2,935,306 3,218,221 13,577,534
<br /> TRANSFERS FROM OTHER FUNDS 4,413,200 2,084,417 724,621 871,948 877,967 8,972,153
<br /> INTEREST 388,000 229,000 317,000 261,000 367,000 1,562,000
<br /> TOTAL $20,833,514 $10,465,298 $8,578,992 $8,403,000 $8,067,963 $56,348,798
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<br />STATE AND LOCAL GAS TAX AND HIGHWAY RELATED REVENUE
<br />Gas tax revenues are allocated annually to cities on a state-wide allocation formula which is based
<br />primarily on our population. These funds can be spent on new construction or the repair and
<br />maintenance of existing street systems or street lighting.
<br />While the entire amount of revenue derived from gas tax is appropriated for street projects, this year's
<br />program transfers $654,000 over five years to the General Fund to offset staff engineering costs. It is
<br />estimated that a total of $937,953 will be available in gas tax revenue for FY 1993/94. This compares
<br />to $1,140,300 which is currently estimated for FY 1992/93. The five year projections of gas tax
<br />revenue is $5,014,302.
<br />CONSTRUCTION AND DEVELOPMENT RELATED REVENUES
<br />This category of revenue consists of fees and charges generally collected with the issuance of City
<br />building permits. A table detailing the amount of fees anticipated in each of the program years is listed
<br />below.
<br />For the two years, the City has been undergoing a comprehensive development fee study which could
<br />result in a recommendation to replace existing Miscellaneous Program development fees with fees more
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