RES 97073 - Laserfiche WebLink

FY 1996/97 and existing fund balances. Similarly, the development related revenue proje~ions for FY 1998/99, are basexl upon revenues expected to be received durin.g~ FY 1997/98. To assure there is adequate funding available for the proposed 1998/99 projects, staff proposes to refrain from incurring costs on these projects until an assessment of revenues and the annual project review occurs towards the end of next fiscal year at which time the City Council will be presented with a report outlining the status of revenues and projects proposed for funding. Obviously, staff will continue working on projects which have received partial fimding and approv~ in ~vious years. By utilizing the above rt-'venue forecasting method, the City avoids rt-~,enue shortfalls tt~ul~g from less than anticipated dev=lopment revenue and ~ the financial impact of futu~ development dependeat upon developer contributions, are listed as unfunded tml=s.s the contribution has already been received or unless the~ ar~ assurances that the reveaue will be forthcoming dining the n~ct two fiscalyears. PROGRAM ORGANIZA~ON This year, as in the previous CIP, the document is arranged by project catego~ (i.e., Streets, Parks, Miscellaneous, Water, Server and Unfund~d), with proira descxiption shins for multiple y~ar projects appearing only in ti~ first year th~ they are fimded. Projects from inch ofthe~ five funded project categories are fomgi in one seaion which are highlighted by docmnent tabs. Financial tables which dmil the specific tm, en~ and project expendinto for ezrJa of the program categories of Streets, Parks, Miscellaneous, Water and Sewer for ear. h of tlz five yms are inoluded in the following section. Project identification numbers are included on project description sheets. The first two digits of these numbers reflect the fiscal year the project was first funded. The additional digits reflect City t~count numbers. Page numbers identifying each project are included in the table of contents and on be financial tables. reviewing the document, it should be remembered that with the exception of G-eneml Fund ransfers, funds are not interchangeable between the five funded program categories. As a r~ult, ~mds from, for example, the Sewer Replacement Program, may not be utilized to fund Su, eets or vliscellaneous projects. Allocation of funds is determined by City oniinan~, aw, ounting equirements or state/federal law. Furthex, water, sew~, and miscellaneous projeas are divided into ~xpansion, and rephgementftmprovment categories to assure that the appropriate revenue for ear, h peci~c project in these categories is identified. This a~ion is done primarily to conform with kssembly Bill 1600 which r=quires development reventg to be usegt for proires which address the a~pacts of new development. The exact mount of =xpan.sion and replae,~,-mentFunpmvenmnt ,'venue propose~! for each of these projects is detailed on e,a~h of the applicable proira description heats. or easy identification, all unfunded projects are prioritized and listed near the end of this document. rojects listed in the "high" category are generally those that would be funded in the first year of the togram if funding were available. To determine priorities, staff r=lies on a number of factors such 2