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replacement and improvement projects are funded by the replacement component of water and sewer
<br />rates. The funds aze not transferable between each other. All of the fund detail is included in Section 1
<br />of the Appendix. During the first two funded yeazs of the program, the revenue from these sources aze
<br />as follows:
<br />SUMMARY OF UTILITY EXPANSION AND REPLACEMENT/IMPROVEMENT
<br />iNCi.iTDED IN FY 1999/00 AND FY 2000/Ol
<br /> FY 1999/00 FY 2000/01
<br /> EXPANSION REPLACEMENT EXPANSION REPLACEMENT
<br />Water $292,221 $2,526,779 $91,095 $2,874,220
<br />Sewer 214,781 1,131,307 68,365 1,202,414
<br />Total $507,002 $3,658,086 $1,594.60 $4,076,634
<br />Transfers from the General Fund
<br />This program includes a net transfer of approximately $8,649,549 from the General Fund during FY
<br />1999/00 and $4,700,000 in FY 2000/01. A total of $31,049,549 is estimated for all five years of the
<br />program. Included in this amount is a one-time transfer of $4,549,549 in FY 1999/00 from the City's
<br />Capital Improvement Program Reserve (CIPR) and $600,000 over the five years of the CIP to address
<br />storm drain services. The one-time transfer is consistent with previous Council actions which allocate
<br />revenue from this General Fund source to specific CIP projects. These funds will be used to pay for a
<br />variety of projects, including the new and replacement equipment, facility improvements debt service
<br />payments, etc. In addition, the General Fund is used to meet the City's contribution to projects funded
<br />with Public Facility and Traffic Development Fees. The financial tables in Section 1 of the Appendix
<br />detail those projects funded with a combination of these revenue sources. A distribution of General
<br />Fund contributions over the five yeazs of the program is as follows:
<br />ANNUAL GENERAL FUND CONTRIBUTIONS
<br />1999/00 2000/O1 2001/02 2002/03 2003/04 TOTAL
<br />$4,000,000 $4,500,000 $5,200,000 $5,900,000 $6,300,000 $25,900,000
<br />The General Fund revenue in this CIP substantially exceeds the amount included in previous CIP's. As
<br />an example, for the last CIP prepazed in FY 1997/98, the five yeaz General Fund projection for the five
<br />years was $6,873,965 which is 27% of the five year total of this CIP. The increase in General Fund
<br />contributions is a direct result of the City's Development Impact Fee Report which outlined the City's
<br />commitment to make contributions to future projects funded with various development fees and a
<br />continuation of past activity which allocates the CIP or revenue to capital projects. As the Council will
<br />recall, 75% of the cost of new facilities is to be paid by the General Fund and 25% by new development
<br />to reflect the fact that 75% of the community has already been built. This policy and contributing a
<br />greater shaze of the General Fund to the CIP is already showing benefits. With the slower growth rate,
<br />our CIP would be negatively impacted if we had not adopted the new fee structure. With its adoption,
<br />the community is not unduly relying on growth for desired facilities. The financial tables included in
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