RES 90076 - Laserfiche WebLink

The proposed expenditures for each of the five years is as follows: 1991/92 $7,487,243 1990/91 $6,783,852 Yearly Funded Project Totals 1992/93 $7,730,265 1993/94 $6,819,884 1994/95 $5,905,416 FIVE-YEAR TOTAL $34,826,660 Capital ImDrovement Revenues Funds to finance the capital improvements are being proposed to come from the following major sources: 2. 3. 4. 5. Gas tax revenues Construction-related fees Federal, State and local grant programs Water and Sewer User revenues Contributions from the City's General Fund A summary of all project revenues including beginning fund balances is contained in Table #5 on page 7. State and Local Gas Taxes: Gas tax revenues are annually allocated to cities based on total statewide collections, local population, and miles of streets. These funds can be spent on new construction or the repair and maintenance of existing street systems or street lighting. For purposes of estimating available revenues, the entire gas tax allocation is shown to capital street projects with no operational or maintenance funding anticipated. It is estimated that a total of $4,149,500 will be available in gas tax revenue over the five-year period. A total of $1,200,000 of Measure B revenue is also appropriated for streets projects. Construction-Related Revenues: This category of revenues consists of those fees and charges generally collected at the time of building permit issuance. The specific sources of revenue are sewer and water connection fees, park dedication fees, residential construction fees, and growth management fees, along with long-term development fees. The following assumptions were made regarding building activity for the next five years: 1990/91 Residential Commercial 674 units 1,470,000 sq. ft. 1991/92 Residential Commercial 486 units 1,030,000 sq. ft. 2