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Sewer CIP is dependent on development revenues, there is an ample <br />fund balance to allow us to proceed with all the 1990-91 projects. <br /> <br />However, the Park, Water and Miscellaneous CIPs have development <br />revenues as their primary source of funding, and have little or no <br />fund balance to draw upon. Therefore, the projects related to <br />those funds are the most impacted. <br /> <br />STREET CIP <br /> <br />Projected revenues remain unchanged except for the addition of a <br />new revenue source approved by the voters with the passage of <br />Proposition 111 in June 1990, and a revision to the estimated <br />County gas tax. It is too early to accurately project the proceeds <br />from the new "2105 gas tax", but staff's estimate for 1990-91 is <br />$200,000. The County gas tax revenue estimate is being increased <br />by $62,000. <br /> <br />There are no other recommended amendments requested at this time <br />for Street CIP projects. <br /> <br />Attachment A reflects the recommended changes. <br /> <br />SEWER CIP <br /> <br />Sewer connections fees are the primary source of revenue to this <br />fund. In 1989-90, connection fees were projected to be $485,000. <br />Actual revenue was only $299,000. In 1990-91, original connection <br />fee projections were $659,000. Through December 1990, we have only <br />received $83,000. Staff now projects this year's total connection <br />fee revenue to be only $215,000. <br /> <br />However, staff believes the projects slated for 1990-91 are a <br />priority over those planned for future years, and is therefore <br />recommending that we proceed with all of them. Staff recommends <br />that we draw on the fund balance in the Sewer CIP Fund to ensure <br />that these projects can all be done. All other recommended changes <br />are minor. <br /> <br />Attachment B outlines the recommended changes to the 1990-91 Sewer <br />CIP. <br /> <br /> PARK CIP <br /> <br /> Park dedication fees and grants are the primary sources of revenue <br /> to the Parks CIP. In 1989-90, park dedication fees were projected <br /> to be $120,000. Actual revenue was only $16,000. In 1990-91, <br /> original park dedication fee projections were $348,000. Through <br /> December 1990, we have only received $31,000. Staff now projects <br /> this year's total park dedication fee revenue to be only $31,500. <br /> Therefore, utilizing a beginning fund balance of $831,000, and <br /> <br /> SR 91:32 <br /> 2 <br /> <br /> <br />