RES 99089 - Laserfiche WebLink

By utilizing the above revenue forecasting method, the City avoids revenue shortfalls resulting from less than anticipated development revenue and minimizes the financial impact of future development trends. Also, consistent with previous years, Streets and Miscellaneous programs which are dependent upon developer contributions, are listed as unfunded unless the contribution has already been received or unless there are assurances that the revenue will be forthcoming during the next two fiscal years. PROGRAM ORGANIZATION AND CHANGES As in previous CIP's, this document is arranged by project category (i.e., Streets, Parks, Miscellaneous, Water, Sewer and Unfunded), with project description sheets for multiple yeaz projects appearing only in the yeaz that projects aze initially funded. Projects from each of the five funded project categories aze found in the sections highlighted by project tabs. Summary financial tables which detail a listing of revenues and project expenditures from each of the project categories of Streets, Pazks, Miscellaneous, Water and Sewer for each of the five years aze included immediately following this section. Detailed financial tables showing funding sources for all projects is included in Section 1 of the Appendix. Project identification numbers are included on project description sheets and financial tables. The first two digits of these numbers reflect the fiscal yeaz the project was first funded and the additional digits reflect City account numbers. Page numbers identifying each project are included in the table of contents and on the summary financial tables. To be consistent with new City fee policies, and to improve tracking of individual CIP projects, this CIP contains a number of significant changes to improve the presentation of the program. The major changes are as follows: Due to the fact that many projects in the CIP aze financed with more than one revenue source, financial tables detailing the funding sources for each pazticulaz project by yeaz and project category (i.e., Streets, Parks, Miscellaneous, Water, and Sewer) have been included in Appendix A, Section 1. These financial tables include the new Public Facility and Traffic Development fees recently approved by the City Council. This funding and expenditure detail should prove to be beneficial to both the City Council, staff, and the public interested in identifying revenues, funding sources, and project costs for each yeaz of the program. As a result of the funding detail included in Section 1 of the Appendix, the financial tables included in the summary section of this CIP have been significantly modified to represent only total revenues and project costs for each project by fiscal year and project type. These pages should be especially beneficial to the public since they represent a straight forward uncomplicated way of presenting projects included for funding in the CIP. All Parks related projects aze included in the "Pazks" projects category. Previously, Pazks projects were divided between the Parks projects category and the Miscellaneous projects category to allow for a clear segregation of funding sources. However, because the new spreadsheets included in Section I of the Appendix are designed to track project funding sources, ii