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05 - Financial Summaries
PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -1 0 50 100 150 200 250 300 FINANCIAL SUMMARIES PROGRAM SUMMARIES Streets Program ...................................................................................................................................... B – 5 Parks Program ....................................................................................................................................... B – 6 Public Facilities Program ....................................................................................................................... B – 6 FUND SUMMARIES Total CIP Fund Summary ....................................................................................................................... B – 8 GFAR Fund ............................................................................................................................................ B – 10 Traffic Mitigation Fund .......................................................................................................................... B – 12 Grants and Awards Fund ........................................................................................................................ B – 14 Storm Drain Funds ................................................................................................................................. B – 16 Utility Underground Fund ...................................................................................................................... B – 18 Gas Tax Fund ......................................................................................................................................... B – 20 Redevelopment Agency Fund ................................................................................................................ B – 22 PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -2 PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -3 FINANCIAL SUMMARIES BY PROGRAM PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -4 FY 2011/12 BUDGET BY PROGRAM CATEGORY (Includes Carryforward and FY 2011/12 Budget) Street Reconstruct/Resurface $6,914,602 26.4% Street Maint, Repair & Safety $1,295,780 4.9% Street Improvements $3,810,000 14.5% Bridges $123,730 0.5% Park Improvements $3,463,773 13.2% Infrastructure $10,358,956 39.5% Equipment $242,968 0.9% Carryforward & Budget by Program CategoryFY 2011/12Category % Streets Program Street Reconstruction6,914,602 26.4% Maintenance, Repair & Safety Projects1,295,780 4.9% Street Improvements3,810,000 14.5% Bridges123,730 0.5% Streets Program 12,144,112 46.3% Parks Program Park Improvements3,463,773 13.2% Parks Program 3,463,773 13.2% Public Facilities Infrastructure10,358,956 39.5% Equipment242,968 0.9% Public Facilities 10,601,924 40.5% TOTAL PROJECT FUNDING 26,209,809 100.0% PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -5 Reconstruction 9901Street Repair & Resurfacing3,070,598 2,043,094 1,127,122 1,149,200 1,175,000 1,175,000 1,175,000 1,150,000 12,065,014 0003Almond Grove Street Rehabiltation Project 1,920 39,800 38,280 4,000,000 - - - - 4,080,000 0006Univ Ave Resurfacing (Shelbourne to Vasona)- - - 600,000 - - - - 600,000 - Maintenance-Safety 9910Traffic Calming Projects65,302 - 39,698 10,000 10,000 10,000 10,000 10,000 155,000 9921Curb, Gutter & Sidewalk Maintenance709,747 200,000 78,035 250,000 250,000 250,000 250,000 250,000 2,237,782 9930Retaining Wall Repairs566,726 153,757 591,927 100,000 100,000 100,000 100,000 100,000 1,812,410 9902Annual Street Restriping 86,686 40,354 1,120 25,000 25,000 25,000 25,000 25,000 253,159 2102ADA Upgrades to be allocated- - - - 50,000 50,000 50,000 50,000 200,000 0102Hicks/Shannon Guardrail- - - - 40,000 - - - 40,000 0119University Avenue Guardrail- - - 200,000 - - - - 200,000 Street Improvements 0202Hwy 9/University Intersection- 90,000 900,000 - - - - - 990,000 0204Winchester Blvd. / Knowles Intersection- - - - - 30,000 - - 30,000 0205Los Gatos Blvd / Lark Intersection- - - - - - 174,299 - 174,299 0111Blossom Hill Road Improvements - 87,877 450,000 900,000 - - - - 1,437,877 0112Wedgewood Ave Improvements- 80,000 - 900,000 - - - - 980,000 0403Hernandez Ave Improvements 17,180 - - - - - - 65,000 82,180 0703Northside Parking Lot Improvements - - - - 74,516 - - - 74,516 0116Lark Avenue Traffic Signal Improvements- 70,000 - 375,000 - - - - 445,000 0411Hicks & Philips Culvert Improvements- - - 285,000 - - - - 285,000 - Bridges 0801Quito Rd - Bridge Replacement32,038 - 123,730 - - - - - 155,768 Total Streets Projects4,550,196 2,804,881 3,349,912 8,794,200 1,724,516 1,640,000 1,784,299 1,650,000 26,298,004 2013/14 Budget 2014/15 Budget 2015/16 Budget 2012/13 Budget STREET PROJECT SUMMARY BY PROGRAM Expended Through 2009/10 2010/11 Estimated Actuals Estimated Carryfwd to 2011/12 2011/12 BudgetTotal Budgeted PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -6 Park Improvements 4402Los Gatos Creekside Sports Park- 69,511 230,489 2,700,000 - - - - 3,000,000 1201Pageant Grounds Access Improvement Design89,633 565,753 315,284 - - - - - 970,670 4003OMP Picnic Areas #1 & #2 Renovation- - - 78,000 - - - - 78,000 3803Live Oak Manor Park ADA Upgrades- - - 140,000 - - - - 140,000 - Trail Improvements- Total Parks Projects89,633 635,264 545,773 2,918,000 - - - - 4,188,670 PARK PROJECT SUMMARY BY PROGRAM 2015/16 BudgetTotal Budgeted 2013/14 Budget 2011/12 Budget 2012/13 Budget 2014/15 Budget Expended Through 2009/10 2010/11 Estimated Actuals Estimated Carryfwd to 2011/12 Infrastructure 2002Town Beautification Projects81,965 20,132 21,156 - - - - - 123,253 2103HVAC Upgrades119,418 - 19,086 - 477,000 - - - 615,504 2501Library Facility Project2,472,794 8,105,217 7,903,852 - - - - - 18,481,863 2105Civic Center Reuse Project- - 100,000 1,832,150 - - - - 1,932,150 2004Energy Efficient Lighting Project- 30,000 132,712 - - - - - 162,712 2005Downtown Improvements- - - 250,000 - - - - 250,000 2202Adult Rec Center Roofing Project- - - 80,000 - - - - 80,000 2106Plaza Bus Shelter Renovation Project- - - 20,000 - - - - 20,000 - - - - Equipment 6101Information System Upgrade381,871 14,394 78,735 - - - - - 475,000 6001Audio / Video System Upgrade47,783 21,825 40,992 - - - - - 110,600 6003Town-wide Document Imaging Project119,259 25,000 70,741 - - - - - 215,000 6302Tiburon CAD / RMS Upgrade- 17,500 52,500 - - - - - 70,000 Total Facilities Projects3,223,091 8,234,068 8,419,774 2,182,150 477,000 - - - 22,536,083 2013/14 Budget 2014/15 Budget 2015/16 BudgetTotal Budgeted Expended Through 2009/10 2010/11 Estimated Actuals Estimated Carryfwd to 2011/12 2011/12 Budget 2012/13 Budget PUBLIC FACILITIES PROJECT SUMMARY BY PROGRAM PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -7 FINANCIAL SUMMARIES BY FUND PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -8 FY 2011/12 PROJECT SUMMARY BY FUND (Includes Carryforward and FY 2011/12 Budget) GFAR $20,888,667 79.7% Traffic Mitigation Funds $2,175,000 8.3% Grant Funds $2,172,862 8.3% Storm Drain Funds $285,000 1.1% Gas Tax Funds $650,000 2.5% RDA Funds $38,280 0.1% Carryforward & Budget by FundFY 2011/12Fund % GFAR20,888,667$ 79.7% Traffic Mitigation Funds2,175,000$ 8.3% Grant Funds2,172,862$ 8.3% Storm Drain Funds285,000$ 1.1% Utility Underground Funds-$ 0.0% Gas Tax Funds650,000$ 2.5% RDA Funds38,280$ 0.1% Total Budget by Fund 26,209,809$ 100.0% PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -9 Beginning Fund Balance 411GFAR21,141,196 21,141,196 11,256,189 226,011 26,011 1,011 6,011 411Reserved for Parking1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 411Reserved for Comcast PEG22,000 22,000 22,000 22,000 22,000 22,000 22,000 411Reserved for 2010 COP Lease Pmt1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 471Traffic Mitigation79,232 79,232 79,232 79,232 79,232 79,232 79,232 421Grant Fund474,646 474,646 8,082 38,082 38,082 38,082 38,082 461Storm Basin #1201,328 201,328 269,448 32,568 78,958 126,956 176,610 462Storm Basin #2571,981 571,981 635,401 688,821 745,051 803,049 862,853 463Storm Basin #3(50,600) (50,600) (74,900) (73,900) (72,860) (71,779) (70,657) 472Underground Utilities2,323,015 2,323,015 2,400,548 2,451,558 2,503,328 2,555,878 2,609,218 481Gas Tax359,469 359,469 134,971 213,281 251,481 290,251 329,601 911RDA - Capital Projects17,888 17,888 (69,013) (98,597) (89,771) (80,813) (71,720) 911Reserve Account for Lease Pmt687,000 687,000 687,000 687,000 687,000 687,000 687,000 911RDA - Reserved Admin Costs704,125 704,125 609,000 563,875 504,126 429,116 338,330 Total Beginning Fund Balance29,268,552$ 29,268,552$ 18,695,230$ 7,567,203$ 7,509,909$ 7,617,255$ 7,743,832$ Revenues 411GFAR1,285,427 1,060,804 9,960,489 1,403,516 987,000 1,017,000 1,002,000 471Traffic Mitigation530,000 368,877 2,185,000 10,000 40,000 184,299 10,000 421Grant Fund3,769,758 2,082,219 2,202,862 50,000 50,000 50,000 50,000 461Storm Basin #148,120 68,120 48,120 46,390 47,998 49,654 51,359 462Storm Basin #254,320 63,420 53,420 56,230 57,998 59,804 61,649 463Storm Basin #34,100 700 1,000 1,040 1,081 1,122 1,165 472Underground Utilities47,240 82,240 51,010 51,770 52,550 53,340 54,140 481Gas Tax796,048 796,048 834,310 794,200 794,770 795,350 795,940 911RDA - Capital Projects25,000 8,937 8,696 8,826 8,958 9,093 9,229 911RDA - Reserved Admin Costs635,000 609,000 659,000 658,458 657,562 656,437 655,075 Total Revenues7,195,013$ 5,140,364$ 16,003,907$ 3,080,430$ 2,697,917$ 2,876,100$ 2,690,558$ TOTAL SOURCE OF FUNDS36,463,565$ 34,408,916$ 34,699,137$ 10,647,633$ 10,207,826$ 10,493,354$ 10,434,390$ Capital Program Expenditures 411GFAR21,617,059 10,801,311 20,888,667 1,501,516 910,000 910,000 885,000 471Traffic Mitigation520,000 333,877 2,175,000 - 30,000 174,299 - 421Grant Fund4,206,931 2,548,783 2,172,862 50,000 50,000 50,000 50,000 461Storm Basin #1- - 285,000 - - - - 462Storm Basin #2- - - - - - - 463Storm Basin #325,000 25,000 - - - - 65,000 472Underground Utilities164,913 4,707 - - - - - 481Gas Tax914,546 914,546 650,000 650,000 650,000 650,000 650,000 911RDA - Capital Projects134,117 95,837 38,280 - - - - Total Capital Projects 27,582,566$ 14,724,061$ 26,209,809$ 2,201,516$ 1,640,000$ 1,784,299$ 1,650,000$ 411Cost of Issuance /2010 COP-$ 20,500$ -$ -$ -$ -$ -$ 911Total Admin Expenses 704,125 704,125 704,125 718,208 732,572 747,223 762,168 Total Expenditures28,286,691$ 15,448,686$ 26,913,934$ 2,919,724$ 2,372,572$ 2,531,522$ 2,412,168$ Transfers Out & Other Sources 411GFAR Designated for Parking1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 411GFAR124,000 124,000 102,000 102,000 102,000 102,000 102,000 411Reserved for 2010 COP Lease Pmt1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 411Reserved for Comcast PEG22,000 22,000 22,000 22,000 22,000 22,000 22,000 471Traffic Mitigation10,000 35,000 10,000 10,000 10,000 10,000 10,000 481Gas Tax106,000 106,000 106,000 106,000 106,000 106,000 106,000 911RDA - Reserved for Lease687,000 687,000 687,000 687,000 687,000 687,000 687,000 911RDA - Reserved Admin Costs635,000 609,000 563,875 504,126 429,116 338,330 231,237 Total Transfers Out & Designated4,321,273$ 4,320,273$ 4,228,148$ 4,168,398$ 4,093,388$ 4,002,602$ 3,895,510$ Unrestricted3,855,601$ 14,639,958$ 3,557,055$ 3,559,511$ 3,741,866$ 3,959,230$ 4,126,713$ TOTAL USE OF FUNDS36,463,565$ 34,408,916$ 34,699,137$ 10,647,633$ 10,207,826$ 10,493,354$ 10,434,390$ FY 2015/16Carryfwd & FY 2011/12 FY 2012/13FY 2013/14FY 2014/15USE of FUNDS Adjusted Budget FY 2010/11 Estimated FY 2010/11 FY 2014/15Estimated FY 2010/11 FY 2015/16 Source and Use Summary Schedule All Capital Improvement Program Funds Adjusted Budget FY 2010/11 Carryfwd & FY 2011/12 FY 2012/13FY 2013/14SOURCE of FUNDS PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -10 Adjusted BudgetEstimated Budget & CarryfwdProposedProposedProposedProposed 2010/112010/112011/122012/132013/142014/152015/16 SOURCE OF FUNDS Beginning Fund Balance- Designated for Parking1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 Reserved for Comcast PEG22,000 22,000 22,000 22,000 22,000 22,000 22,000 Reserved for 2010 COP Lease Pmt1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 Unrestricted21,141,196 21,141,196 11,256,189 226,011 26,011 1,011 6,011 Total Beginning Fund Balance23,900,468 23,900,468 14,015,461 2,985,283 2,785,283 2,760,283 2,765,283 Revenues Road Impact Fees80,000 87,000 80,000 80,000 80,000 80,000 80,000 Traffic Impact Fee124,000 124,000 102,000 102,000 102,000 102,000 102,000 Cost sharing - curbs & gutters10,000 4,464 10,000 10,000 10,000 10,000 10,000 Cost sharing - traffic calming- 4,403 10,000 10,000 10,000 10,000 10,000 Developer Contributions - 470 NSC (Safeway)45,477 45,476 78,000 - - - - Developer Contributions - Northside Parking - - - 74,516 - - - 123 Main Street Remodel Reimbursement55,950 55,950 - - - - - - 6,000,000 - - - - Operating Transfers In 970,000 739,511 3,680,489 1,127,000 785,000 815,000 800,000 Total Revenues1,285,427 1,060,804 9,960,489 1,403,516 987,000 1,017,000 1,002,000 TOTAL SOURCE OF FUNDS25,185,895 24,961,272 23,975,951 4,388,799 3,772,283 3,777,283 3,767,283 USE OF FUNDS Completed Projects516,639 495,358 Carryforward Projects Pageant Grounds Access Improvement 825,000 509,716 315,284 - - - - Los Gatos Creekside Sports Park300,000 69,511 2,930,489 - - - - Town Beautification Projects41,288 20,132 21,156 - - - - HVAC Upgrades19,086 - 19,086 477,000 - - - Civic Center Reuse Project100,000 - 1,850,000 - - - - Tiburon CAD / RMS Upgrade70,000 17,500 52,500 - - - - Audio / Video System Upgrade62,817 21,825 40,992 - - - - Library Facility Project16,009,069 8,105,217 7,903,852 - - - - Information System Upgrade93,129 14,394 78,735 - - - - Town-wide Document Imaging Project95,741 25,000 70,741 - - - - Street Repair & Resurfacing2,255,670 1,128,548 1,626,322 525,000 525,000 525,000 500,000 Annual Street Restriping 41,473 40,354 26,120 25,000 25,000 25,000 25,000 Traffic Calming Projects39,698 - 49,698 10,000 10,000 10,000 10,000 Curb, Gutter & Sidewalk Maintenance278,035 200,000 328,035 250,000 250,000 250,000 250,000 Retaining Wall Repairs745,684 153,757 691,927 100,000 100,000 100,000 100,000 Quito Rd - Bridge Replacement123,730 - 123,730 - - - - New Projects OMP Picnic Areas #1 & #2 Renovation- - 78,000 - - - - Live Oak Manor Park ADA Upgrades- - 32,000 - - - - Adult Rec Center Roofing Project- - 80,000 - - - - Plaza Bus Shelter Renovation Project- - 20,000 - - - - Downtown Improvements- - 250,000 - - - - Almond Grove Street Rehabiltation Project- - 4,000,000 - - - - University Avenue Guardrail- - 200,000 - - - - Hicks/Shannon Guardrail- - - 40,000 - - - Northside Parking Lot Improvements - - - 74,516 - - - Univ Ave Resurfacing (Shelbourne to Vasona)- - 100,000 - - - - Total Project Expenditures21,617,059 10,801,311 20,888,667 1,501,516 910,000 910,000 885,000 Miscellaneous Expenses Cost of Issuance /2010 COP- 20,500 - - - - - Total Miscellaneous Expenses- 20,500 - - - - - Operating Transfers Out Traffic Impact Transfer to GF124,000 124,000 102,000 102,000 102,000 102,000 102,000 Total Operating Transfers Out124,000 124,000 102,000 102,000 102,000 102,000 102,000 Ending Fund Balance Designated for Parking1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 1,460,210 Reserved for Comcast PEG22,000 22,000 22,000 22,000 22,000 22,000 22,000 Reserved for 2010 COP Lease Pmt1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 Unrestricted685,564 11,256,189 226,011 26,011 1,011 6,011 21,011 Total Ending Fund Balance3,444,836 14,015,461 2,985,283 2,785,283 2,760,283 2,765,283 2,780,283 TOTAL USE OF FUNDS25,185,895 24,961,272 23,975,951 4,388,799 3,772,283 3,777,283 3,767,283 GENERAL FUND APPROPRIATED RESERVES (GFAR) STATEMENT OF SOURCE AND USE OF FUNDS From GFAR Deposit Account - Public Improvement Grant PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -11 Carryforward Projects 1201Pageant Grounds Access Improvement Design509,716 315,284 - - - - - 825,000 4402Los Gatos Creekside Sports Park69,511 230,489 2,700,000 - - - - 3,000,000 2002Town Beautification Projects102,096 21,156 - - - - - 123,253 2501Library Facility Project10,578,011 7,903,852 - - - - - 18,481,863 2105Civic Center Reuse Project- 100,000 1,750,000 - - - - 1,850,000 6001Audio / Video System Upgrade69,608 40,992 - - - - - 110,600 6101Information System Upgrade396,265 78,735 - - - - - 475,000 6003Town-wide Document Imaging Project144,259 70,741 - - - - - 215,000 6302Tiburon CAD / RMS Upgrade17,500 52,500 - - - - - 70,000 2103 HVAC Upgrades119,418 19,086 - 477,000 - - - 615,504 9901Street Repair & Resurfacing1,564,000 1,127,122 499,200 525,000 525,000 525,000 500,000 5,265,323 9902Annual Street Restriping 127,040 1,120 25,000 25,000 25,000 25,000 25,000 253,159 0003 Almond Grove Street Rehabiltation Project- - 4,000,000 - - - - 4,000,000 9910Traffic Calming Projects65,302 39,698 10,000 10,000 10,000 10,000 10,000 155,000 9921Curb, Gutter & Sidewalk Maintenance909,747 78,035 250,000 250,000 250,000 250,000 250,000 2,237,782 9930Retaining Wall Repairs720,483 591,927 100,000 100,000 100,000 100,000 100,000 1,812,410 0801Quito Rd - Bridge Replacement32,038 123,730 - - - - - 155,768 New Projects 4402OMP Picnic Areas #1 & #2 Renovation- - 78,000 - - - - 78,000 3803Live Oak Manor Park ADA Upgrades- - 32,000 - - - - 32,000 2005Downtown Improvements- - 250,000 - - - - 250,000 2202Adult Rec Center Roofing Project- - 80,000 - - - - 80,000 2106Plaza Bus Shelter Renovation Project- - 20,000 - - - - 20,000 0119University Avenue Guardrail- - 200,000 - - - - 200,000 0703Northside Parking Lot Improvements - - - 74,516 - - - 74,516 0120Hicks/Shannon Guardrail- - - 40,000 - - - 40,000 0006Univ Ave Resurfacing (Shelbourne to Vasona)- - 100,000 - - - - 100,000 Total GFAR Projects15,424,995 10,794,467 10,094,200 1,501,516 910,000 910,000 885,000 40,520,178 2014/15 Budget Expended Through 2010/11 Estimated Carryfwd to 2011/12 2012/13 Budget 2013/14 Budget GFAR FUND PROJECT SUMMARY 2011/12 BudgetTotal Budgeted 2015/16 Budget PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -12 Adjusted BudgetEstimated Budget & CarryfwdProposedProposedProposedProposed 2010/112010/11 2011/122012/132013/142014/152015/16 SOURCE OF FUNDS Beginning Fund Balance Unrestricted79,232 79,232 79,232 79,232 79,232 79,232 79,232 Total Beginning Fund Balance79,232 79,232 79,232 79,232 79,232 79,232 79,232 Revenues Deferred Revenue420,000 258,877 2,185,000 10,000 10,000 160,000 10,000 In-Lieu Fees110,000 110,000 - - 30,000 24,299 - Total Revenues530,000 368,877 2,185,000 10,000 40,000 184,299 10,000 TOTAL SOURCE OF FUNDS609,232$ 448,109$ 2,264,232$ 89,232$ 119,232$ 263,531$ 89,232$ USE OF FUNDS Completed Projects Total Completed Projects6,000 6,000 - - - - - Carryforward Projects Lark Avenue Traffic Signal Improvements70,000 70,000 375,000 - - - - Proposed Projects Hwy 9 / University Intersection269,000 90,000 - - - - - Blossom Hill Road Improvements 90,000 87,877 900,000 - - - - Wedgewood Ave Improvements 85,000 80,000 900,000 - - - - Winchester / Knowles Intersection- - - - 30,000 - - LG Blvd / Lark Ave - Intersection- - - - - 174,299 - Total Project Expenditures520,000 333,877 2,175,000 - 30,000 174,299 - Operating Transfers10,000 35,000 10,000 10,000 10,000 10,000 10,000 Total Operating Transfers10,000 35,000 10,000 10,000 10,000 10,000 10,000 Ending Fund Balance Unrestricted79,232 79,232 79,232 79,232 79,232 79,232 79,232 Total Ending Fund Balance79,232 79,232 79,232 79,232 79,232 79,232 79,232 TOTAL USE OF FUNDS609,232$ 448,109$ 2,264,232$ 89,232$ 119,232$ 263,531$ 89,232$ TRAFFIC MITIGATION FUND STATEMENT OF SOURCE AND USE OF FUNDS Note – Source and Use balances in the Traffic Mitigation Fund do not equal as traffic mitigation fees are held as deferred revenue until transferred to a revenue account at time of use. Deferred Revenue is held in a deposit account on the Balance Sheet which does not flow into fund balance. PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -13 Carryforward Projects 0202Hwy 9/University Intersection90,000 - - - - - - 90,000 0111Blossom Hill Road Improvements 87,877 - 900,000 - - - - 987,877 0112Wedgewood Ave Improvements80,000 - 900,000 - - - - 980,000 0116Lark Avenue Traffic Signal Improvements70,000 - 375,000 - - - - 445,000 New Projects 0205Los Gatos Blvd / Lark Intersection- - - - - 174,299 - 174,299 0204Winchester Blvd. / Knowles Intersection- - - - 30,000 - - 30,000 Total Traffic Mitigation Projects327,877 - 2,175,000 - 30,000 174,299 - 2,707,176 2011/12 BudgetTotal Budgeted 2013/14 Budget 2014/15 Budget TRAFFIC MITIGATION FUND PROJECTS Expended Through 2010/11 Estimated Carryfwd to 2011/12 2012/13 Budget 2015/16 Budget PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -14 Adjusted BudgetEstimated Budget & CarryfwdProposedProposedProposedProposed 2010/112010/112011/122012/132013/142014/152015/16 SOURCE OF FUNDS Beginning Fund Balance Unrestricted474,646 474,646 8,082 38,082 38,082 38,082 38,082 Total Beginning Fund Balance474,646 474,646 8,082 38,082 38,082 38,082 38,082 Revenues Prop 12 & Prop 40 State Grant142,333 142,333 - - - - - TDA32,243 32,241 - - - - - Caltrans Grant Hwy 9/University900,000 - 900,000 - - - - Stimulus Funding162,712 - 162,712 - - - - Caltrans Grant Roberts Rd Bridge1,881,850 1,800,000 - - - - - CDBG Grant ADA - Transfer in200,620 107,645 190,150 50,000 50,000 50,000 50,000 Caltrans Grant University Ave resurfacing- - 500,000 - - - - Safe Routes to Schools Grant450,000 - 450,000 - - - - Total Revenues3,769,758 2,082,219 2,202,862 50,000 50,000 50,000 50,000 TOTAL SOURCE OF FUNDS4,244,404$ 2,556,865$ 2,210,944$ 88,082$ 88,082$ 88,082$ 88,082$ USE OF FUNDS Completed Projects Total Completed Projects2,694,219 2,518,783 Carryforward Projects Civic Center Reuse/ADA Upgrades- - 82,150 - - - - Energy Efficient Lighting Project162,712 30,000 132,712 - - - - ADA Upgrades to be allocated- - - 50,000 50,000 50,000 50,000 Hwy 9/University Intersection900,000 - 900,000 - - - - Blossom Hill Road Improvements 450,000 - 450,000 - - - - Proposed Projects Live Oak Manor Park ADA Upgrades- - 108,000 - - - - Univ Ave Resurfacing (Shelbourne to Vasona)- - 500,000 - - - - Total Expenditures4,206,931 2,548,783 2,172,862 50,000 50,000 50,000 50,000 Ending Fund Balance Unrestricted37,473 8,082 38,082 38,082 38,082 38,082 38,082 Total Ending Fund Balance37,473 8,082 38,082 38,082 38,082 38,082 38,082 TOTAL USE OF FUNDS4,244,404$ 2,556,865$ 2,210,944$ 88,082$ 88,082$ 88,082$ 88,082$ GRANT FUNDED CIP PROJECTS STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -15 Carryforward Projects 2004Energy Efficient Lighting Project30,000 132,712 - - - - - 162,712 2105Civic Center Reuse Project- - 82,150 - - - - 82,150 0202Hwy 9/University Intersection- 900,000 - - - - - 900,000 0111Blossom Hill Road Improvements - 450,000 - - - - - 450,000 2102ADA Upgrades to be allocated- - - 50,000 50,000 50,000 50,000 200,000 - New Projects- 3803Live Oak Manor Park ADA Upgrades- - 108,000 - - - - 108,000 0006Univ Ave Resurfacing (Shelbourne to Vasona)- - 500,000 - - - - 500,000 Total Grant Funded Projects30,000 1,482,712 690,150 50,000 50,000 50,000 50,000 2,402,862 2012/13 Budget 2015/16 Budget Estimated Carryfwd to 2011/12 Expended Through 2010/11 2011/12 Budget GRANT FUNDED PROJECTS 2013/14 Budget 2014/15 BudgetTotal Budgeted PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -16 Adjusted BudgetEstimated Budget & CarryfwdProposedProposedProposedProposed 2010/112010/112011/122012/132013/142014/152015/16 SOURCE OF FUNDS Beginning Fund Balance Unrestricted722,709 722,709 829,949 647,489 751,149 858,226 968,807 Total Beginning Fund Balance722,709 722,709 829,949 647,489 751,149 858,226 968,807 Revenues Drainage Fees96,000 121,500 92,000 93,840 95,717 97,631 99,584 Interest10,540 10,740 10,540 9,820 11,360 12,950 14,590 Transfer from ABAG- - - - - - - Total Revenues106,540 132,240 102,540 103,660 107,077 110,581 114,174 TOTAL SOURCE OF FUNDS829,249$ 854,949$ 932,489$ 751,149$ 858,226$ 968,807$ 1,082,980$ USE OF FUNDS Completed Projects Total Completed Projects25,000 25,000 - - - - Carryforward Projects Proposed Projects Hicks & Philips Culvert Improvements- - 285,000 - - - - Hernandez Ave Improvements- - - - - - 65,000 Total Expenditures25,000 25,000 285,000 - - - 65,000 Ending Fund Balance Unrestricted804,249 829,949 647,489 751,149 858,226 968,807 1,017,980 Total Ending Fund Balance804,249 829,949 647,489 751,149 858,226 968,807 1,017,980 TOTAL USE OF FUNDS829,249$ 854,949$ 932,489$ 751,149$ 858,226$ 968,807$ 1,082,980$ STORM DRAIN BASINS STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -17 Carryforward Projects New Projects- 0403Hernandez Ave Improvements17,180 - - - - - 65,000 82,180 0411Hicks & Philips Culvert Improvements- - 285,000 - - - - 285,000 Total Storm Basin Funds Projects17,180 - 285,000 - - - 65,000 367,180 2013/14 Budget Expended Through 2010/11 STORM DRAIN FUND PROJECTS 2014/15 Budget 2015/16 BudgetTotal Budgeted Estimated Carryfwd to 2011/12 2011/12 Budget 2012/13 Budget PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -18 Adjusted BudgetEstimated Budget & CarryfwdProposedProposedProposedProposed 2010/112010/112011/122012/132013/142014/152015/16 SOURCE OF FUNDS Beginning Fund Balance Unrestricted2,323,015 2,323,015 2,400,548 2,451,558 2,503,328 2,555,878 2,609,218 Total Beginning Fund Balance2,323,015 2,323,015 2,400,548 2,451,558 2,503,328 2,555,878 2,609,218 Revenues Construction Tax15,000 50,000 15,000 15,000 15,000 15,000 15,000 Interest32,240 32,240 36,010 36,770 37,550 38,340 39,140 Total Revenues47,240 82,240 51,010 51,770 52,550 53,340 54,140 TOTAL SOURCE OF FUNDS2,370,255$ 2,405,255$ 2,451,558$ 2,503,328$ 2,555,878$ 2,609,218$ 2,663,358$ USE OF FUNDS Completed Projects Civic Center Site Improvements164,913 4,707 - - - - - New Projects Total Expenditures164,913 4,707 - - - - - Ending Fund Balance Unrestricted2,205,342 2,400,548 2,451,558 2,503,328 2,555,878 2,609,218 2,663,358 Total Ending Fund Balance2,205,342 2,400,548 2,451,558 2,503,328 2,555,878 2,609,218 2,663,358 TOTAL USE OF FUNDS2,370,255$ 2,405,255$ 2,451,558$ 2,503,328$ 2,555,878$ 2,609,218$ 2,663,358$ UTILITY UNDERGROUNDING FUND STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -19 Carryforward Projects New Projects- Total Utility Undergrounding Projects- - - - - - - - 2015/16 Budget Expended Through 2010/11 UTILITY UNDERGROUNDING FUND PROJECTS Total Budgeted Estimated Carryfwd to 2011/12 2011/12 Budget 2012/13 Budget 2013/14 Budget 2014/15 Budget PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -20 Adjusted BudgetEstimated Budget & CarryfwdProposedProposedProposedProposed 2010/112010/112011/122012/132013/142014/152015/16 SOURCE OF FUNDS Beginning Fund Balance Unrestricted359,469 359,469 134,971 213,281 251,481 290,251 329,601 Total Beginning Fund Balance359,469 359,469 134,971 213,281 251,481 290,251 329,601 Revenues Gas Tax489,420 489,420 491,000 491,000 491,000 491,000 491,000 Prop 42 - Traffic Congestion Relief301,698 301,698 341,290 300,000 300,000 300,000 300,000 Interest4,930 4,930 2,020 3,200 3,770 4,350 4,940 Total Revenues796,048 796,048 834,310 794,200 794,770 795,350 795,940 TOTAL SOURCE OF FUNDS1,155,517$ 1,155,517$ 969,281$ 1,007,481$ 1,046,251$ 1,085,601$ 1,125,541$ USE OF FUNDS Completed Projects Carryforward Projects Street Repair & Resurfacing 914,546 914,546 650,000 650,000 650,000 650,000 650,000 Proposed Projects Total Expenditures914,546 914,546 650,000 650,000 650,000 650,000 650,000 Operating Transfers106,000 106,000 106,000 106,000 106,000 106,000 106,000 Total Operating Transfers106,000 106,000 106,000 106,000 106,000 106,000 106,000 Ending Fund Balance Unrestricted134,971 134,971 213,281 251,481 290,251 329,601 369,541 Total Ending Fund Balance134,971 134,971 213,281 251,481 290,251 329,601 369,541 TOTAL USE OF FUNDS1,155,517$ 1,155,517$ 969,281$ 1,007,481$ 1,046,251$ 1,085,601$ 1,125,541$ GAS TAX FUND STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -21 Carryforward Projects 9901Street Repair & Resurfacing3,549,691 - 650,000 650,000 650,000 650,000 650,000 6,799,691 - New Projects- Total Gas Tax Fund Projects3,549,691 - 650,000 650,000 650,000 650,000 650,000 6,799,691 2014/15 Budget 2015/16 Budget GAS TAX FUND PROJECTS Estimated Carryfwd to 2011/12 2011/12 Budget 2012/13 Budget 2013/14 Budget Expended Through 2010/11Total Budgeted PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -22 Adjusted BudgetEstimated Budget & CarryfwdProposedProposedProposedProposed 2010/112010/112011/122012/132013/142014/152015/16 SOURCE OF FUNDS Beginning Fund Balance Unrestricted17,888 17,888 (69,013) (98,597) (89,771) (80,813) (71,720) Reserve Account for Lease Pymnt687,000 687,000 687,000 687,000 687,000 687,000 687,000 Reserved for Admin Expense704,125 704,125 609,000 563,875 504,126 429,116 338,330 Total Beginning Fund Balance1,409,013 1,409,013 1,226,987 1,152,278 1,101,355 1,035,303 953,610 Revenues Dividends available for Projects25,000 8,937 8,696 8,826 8,958 9,093 9,229 Interest on Cash Balance35,000 9,000 9,000 8,458 7,562 6,437 5,075 Town Loan for Administration600,000 600,000 650,000 650,000 650,000 650,000 650,000 Total Revenues660,000 617,937 667,696 667,284 666,520 665,530 664,304 TOTAL SOURCE OF FUNDS2,069,013$ 2,026,949$ 1,894,683$ 1,819,562$ 1,767,875$ 1,700,833$ 1,617,914$ USE OF FUNDS Administration Costs Total Admin Expenses 704,125 704,125 704,125 718,208 732,572 747,223 762,168 Completed Projects Pageant Park Access Improvements56,037 56,037 - - - - - Total Completed Projects- - - - - - - Carryforward Projects Almond Grove Street Rehabiltation Project78,080 39,800 38,280 - - - - Proposed Projects Total Expenditures838,242 799,962 742,405 718,208 732,572 747,223 762,168 Ending Fund Balance Reserve Account for Lease Pymnt687,000 687,000 687,000 687,000 687,000 687,000 687,000 Reserved for Admin Expense635,000 609,000 563,875 504,126 429,116 338,330 231,237 Unrestricted(91,229) (69,013) (98,597) (89,771) (80,813) (71,720) (62,491) Total Ending Fund Balance1,230,771 1,226,987 1,152,278 1,101,355 1,035,303 953,610 855,746 TOTAL USE OF FUNDS2,069,013$ 2,026,949$ 1,894,683$ 1,819,562$ 1,767,875$ 1,700,833$ 1,617,914$ RDA - CAPITAL PROJECTS STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -23 Carryforward Projects 0003Almond Grove Street Rehabiltation Project41,720 38,280 - - - - - 80,000 1201Pageant Grounds Access Improvement Design145,670 - - - - - - 145,670 - New Projects- Total RDA Capital Fund Projects187,390 38,280 - - - - - 225,670 2014/15 Budget 2015/16 BudgetTotal Budgeted Estimated Carryfwd to 2011/12 2011/12 Budget 2012/13 Budget 2013/14 Budget Expended Through 2010/11 RDA CAPITAL FUND PROJECTS PROPOSED CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -24