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10 - Financial Summaries
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 Project Fund ............................................................................................................ B – 14 Storm Basin Funds ................................................................................................................................. B – 16 Utility Underground Fund ...................................................................................................................... B – 18 Gas Tax Fund ......................................................................................................................................... B – 20 Successor Agency of the Town of Los Gatos Redevelopment Fund ...................................................... B – 22 CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -2 CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -3 FINANCIAL SUMMARIES BY PROGRAM CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -4 FY 2012/13 BUDGET BY PROGRAM CATEGORY (Includes Carryforward and FY 2012/13 Budget) Street Reconstruct/Resurface $6,474,851 34.8% Street Maint, Repair & Safety $1,444,455 7.8% Street Improvements $3,757,865 20.2% Bridges $123,730 0.7% Park Improvements $3,163,030 17.0% Infrastructure $3,414,187 18.4% Equipment $223,083 1.2% Carryforward & Budget by Program Category FY 2012/13 Category % Streets Program Street Reconstruction 6,474,851$ 34.8% Maintenance, Repair & Safety Projects 1,444,455$ 7.8% Street Improvements 3,757,865$ 20.2% Bridges 123,730$ 0.7% Streets Program 11,800,901$ 63.4% Parks Program Park Improvements 3,163,030$ 17.0% Parks Program 3,163,030$ 17.0% Public Facilities Program Infrastructure 3,414,187$ 18.4% Equipment 223,083$ 1.2% Public Facilities 3,637,270$ 19.6% TOTAL PROJECT FUNDING 18,601,202$ 100.0% CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -5 Street Reconstruction/Resurfacing 9901 Street Repair & Resurfacing 4,129,546 1,923,287 526,880 1,075,000 1,175,000 1,175,000 1,175,000 1,175,000 12,354,713 0003 Almond Grove Street Rehabiltation Project 41,720 - 4,038,280 4,172 - - - - 4,084,172 0006 Univ Ave Resurfacing (Shelbourne to Vasona)- 21,554 578,446 100,000 - - - - 700,000 9903 Pavement Rehabilitation - Crack Se al- - - 152,073 152,073 152,073 152,073 152,073 760,365 - Street M a intenance, Repair & Safety 9910 Traffic Calming Projects 65,302 32,671 17,027 10,000 10,000 10,000 10,000 10,000 165,000 9921 Curb, Gutter & Sidewalk Maintenance 728,514 128,487 285,855 250,000 250,000 250,000 250,000 250,000 2,392,856 9930 Retaining Wall Repairs 475,099 - 688,716 100,000 100,000 100,000 100,000 100,000 1,663,815 9902 Annual Street Re striping 125,302 - 27,857 25,000 25,000 25,000 25,000 25,000 278,159 2102 ADA Upgrades to be allocated- - - - 50,000 50,000 50,000 50,000 200,000 0102 Hicks/Shannon Guardrail- - - 40,000 - - - - 40,000 Street Improvements 0202 Hwy 9/University Intersection 19,888 72,053 1,077,059 - - - - - 1,169,000 0204 Winchester Blvd. / Knowles Intersection- - - 530,000 - - - - 530,000 0205 Los Gatos Blvd / Lark Intersection- - - - - 174,299 - - 174,299 0111 Blossom Hill Roa d Improvements 62,067 962,519 415,414 - - - - - 1,440,000 0112 Wedgewood Ave Improvements 60,625 905,649 63,726 - - - - - 1,030,000 0403 Hernandez Avenue Storm Drain Improvements 17,180 - - - - - 65,000 - 82,180 0703 Northside Parking Lot Improvements - - - 74,516 - - - - 74,516 0411 Hicks & Philips Culvert Improveme nts- - 285,000 - - - - - 285,000 0411 Blossom Hill Rd/Cherry Ln Intersection- - - - 500,000 - - - 500,000 0213 Los Gatos Blvd/Shannon Improvements - - - - 10,000 - - - 10,000 0214 Monument Control Network Update- - - - 30,000 - - - 30,000 0704 224 W. Main Street Property Acquisition (Parking Lot 6)- - - 1,200,000 - - - - 1,200,000 0210 University Avenue Sidewalk / Creekside Sports Park- 9,000 - 110,150 - - - - 119,150 0211 Lark Avenue / Los Gatos Boulevard Restriping Project- - 2,000 - - - - - 2,000 0705 Downtown Parking Lots Seal Coat & Restriping- - - - 100,000 - - - 100,000 - Bridges 0801 Quito Road - Bridge Replacement 32,038 - 123,730 - - - - - 155,768 Total Streets Projects 5,757,282$ 4,055,220$ 8,129,9 90$ 3,670,911$ 2,402,073$ 1,936,372$ 1,827,073$ 1,762,073$ 29,540,9 94$ STREETS PROGRAM SUMMARY 2014/15 Budge t 2015/16 Budge t 2 016/17 Budget Expende d Through 2010/11 2011/1 2 Estimated Actuals Estimated Carryfwd to 201 2/13 2012/1 3 Budget Total Budgete d 20 1 3/14 Budget CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -6 Park Impro vemen ts 1201 Pageant Grounds Phase 3 Improvements 673,035 9,612 300,054 400,000 - - - - 1,382,701 4402 Los Gatos Creekside Sports P ark 186,525 650,000 2,263,475 - - - - - 3,100,000 3803 Live Oak Manor Park ADA Upgrades- 10 139,966 - 30,000 - - - 169,976 4602 Turf Conversion & Water Conversation- - - 25,000 - - - - 25,000 3602 Howe's Play Lot Pathway Improvements- - - 34,535 - - - - 34,535 Total Parks Projects 859,560$ 659,622$ 2,703,4 95$ 459,535$ 30,000$ -$ -$ -$ 4,712,2 12$ PARK PROGRAM SUMMARY 2 016/17 Budget Total Budgete d 2014/15 Budge t 2012/1 3 Budget 20 1 3/14 Budget 2015/16 Budge t Expende d Through 2010/11 2011/1 2 Estimated Actuals Estimated Carryfwd to 201 2/13 Infrastructure 2002 Town Beautification Projects 101,115 11,869 10,269 - - - - - 123,253 2501 Library Facility P roject 11,788,450 5,943,924 749,489 - - - - - 18,481,863 2105 Civic Center Reuse Project 119,418 - 1,927,430 477,000 - - - - 2,523,848 2005 Downtown Improvements- - 250,000 - - - - - 250,000 2006 Town Digital Aerial Photo/Topogra phic Map- - - - 125,000 - - - 125,000 Equipment 6101 Information System Upgrade 384,951 14,874 75,175 - - - - - 475,000 6001 Audio / Video System Upgrade 50,863 4,657 58,160 - - - - - 113,680 6003 Town-wide Document Imaging Project 150,252 45,000 19,748 - - - - - 215,000 6302 Tiburon CAD / RMS Upgrade- - 70,000 - - - - - 70,000 Total Facilities Proje cts 12,595,050$ 6,020,325$ 3,160,2 70$ 477,000$ 125,000$ -$ -$ -$ 22,377,6 44$ PUBLIC FACILITIES PROGRAM 2014/15 Budge t 2015/16 Budge t 2 016/17 Budget Total Budgete d Expende d Through 2010/11 2011/1 2 Estimated Actuals Estimated Carryfwd to 201 2/13 2012/1 3 Budget 20 1 3/14 Budget CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -7 FINANCIAL SUMMARIES BY FUND CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -8 FY 2012/13 PROJECT SUMMARY BY FUND (Includes Carryforward and FY 2012/13 Budget) GFAR $14,776,546 79.4% Traffic Mitigation Funds $1,056,252 5.7% Grant Funds $1,790,952 9.6% Storm Drain Funds $285,000 1.5% Gas Tax Funds $650,000 3.5% Successor Agency of the Town of Los Gatos RDA Funds $42,452 0.2% Carryforward & Budget by Fund FY 2012/13 Fund % GFAR 14,776,546$ 79.4% Traffic Mitigation Funds 1,056,252$ 5.7% Grant Funds 1,790,952$ 9.6% Storm Drain Funds 285,000$ 1.5% Utility Underground Funds-$ 0.0% Gas Tax Funds 650,000$ 3.5% Successor Agency of the Town of Los Gatos RDA Funds 42,452$ 0.2% Total Budget by Fund 18,601,202$ 100.0% CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -9 B eginning Fund Balance 411 GFAR 10,541,293 10,541,293 9,934,509 129,510 85,510 103,510 121,510 411 Reserved for Parking 1,460,210 1,460,210 1,460,210 260,210 160,210 160,210 160,210 411 Reserved for Comcast P EG 22,000 22,000 22,000 22,000 22,000 22,000 22,000 411 Reserved for 2010 COP Lease Pmt 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 411 Reserved for SA RDA Low & Moderate Grant 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 411 Reserved for SA RDA Public Improvement Grant 356,550 356,550 356,550 356,550 356,550 356,550 356,550 471 Traffic Mitigation 79,232 79,232 79,232 79,232 79,232 79,232 79,232 421 Grant Fund 35,827 35,827 (445,828) 36,937 36,937 36,937 36,937 461 Storm Basin #1 284,346 284,346 412,246 175,366 223,896 274,074 325,938 462 Storm Basin #2 657,314 657,314 723,157 776,577 834,127 893,455 954,610 463 Storm Basin #3(50,600) (50,600) (73,802) (72,802) (71,762) (70,681) (134,559) 472 Underground Utilities 2,385,666 2,385,666 2,416,481 2,467,731 2,519,751 2,572,551 2,626,141 481 Gas Tax 73,264 73,264 151,574 230,134 268,584 307,614 347,224 911 SA RDA - Capital Projects(159,155) (159,155) (154,832) (192,284) (184,874) (177,353) (169,720) 911 SA Reserve for 2002 COP 686,251 686,251 686,251 686,251 686,251 686,251 686,251 911 SA RDA - Reserved Admin Costs 715,952 715,952 - - - - - Total Beginning Fund Balance 24,565,214$ 24,565,214$ 23,044,810$ 12,432,475$ 12,493,475$ 12,721,412$ 12,889,387$ Revenue s 411 GFAR 10,005,475 7,964,769 3,873,548 1,253,073 1,182,073 1,182,073 1,182,073 471 Traffic Mitigation 2,571,536 2,034,189 1,066,252 572,000 184,299 10,000 10,000 421 Grant Fund 2,086,056 (318) 2,273,717 50,000 50,000 50,000 50,000 461 Storm Basin #1 48,120 127,899 48,120 48,530 50,178 51,864 53,599 462 Storm Basin #2 53,420 65,843 53,420 57,550 59,328 61,154 63,029 463 Storm Basin #3 1,000 1,402 1,000 1,040 1,081 1,122 1,165 472 Underground Utilities 51,010 35,521 51,250 52,020 52,800 53,590 54,390 481 Gas Tax 834,310 834,310 834,560 794,450 795,030 795,610 796,210 911 SA RDA - Capital Projects 10,000 4,324 5,000 7,410 7,521 7,633 7,748 911 SA RDA - Reserved Admin Costs 650,000 650,000 - - - - - Total Revenues 16,310,927$ 11,717,939$ 8,206,867$ 2,836,073$ 2,382,309$ 2,213,048$ 2,218,215$ TOTAL SOURCE OF FUNDS 40,876,141$ 36,283,153$ 31,251,677$ 15,268,548$ 14,875,784$ 14,934,460$ 15,107,602$ Capital Program Expenditures 411 GFAR 20,047,103 8,469,553 14,776,546 1,295,073 1,062,073 1,062,073 1,062,073 471 Traffic Mitigation 2,561,536 2,022,577 1,056,252 562,000 174,299 - - 421 Grant Fund 2,084,946 481,338 1,790,952 50,000 50,000 50,000 50,000 461 Storm Basin #1 285,000 - 285,000 - - - - 462 Storm Basin #2- - - - - - - 463 Storm Basin #3- - - - - 65,000 - 472 Underground Utilities- 4,707 - - - - - 481 Gas Tax 650,000 650,000 650,000 650,000 650,000 650,000 650,000 911 SA RDA - Capital Projects 38,280 - 42,452 - - - - Total Capital Projects 25,666,865$ 11,628,175$ 18,601,202$ 2,557,073$ 1,936,372$ 1,827,073$ 1,762,073$ 911 Total SA Admin Expenses 715,952 715,952 - - - - - Total Expenditures 26,382,817$ 12,344,127$ 18,601,202$ 2,557,073$ 1,936,372$ 1,827,073$ 1,762,073$ Transfe rs Out & Other Sources 411 GFAR Designated for Parking 1,460,210 1,460,210 260,210 260,210 160,210 160,210 160,210 411 GFAR 102,000 102,000 102,000 102,000 102,000 102,000 102,000 411 Reserved for 2010 COP Lease Pmt 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 411 Reserved for Comcast PEG 22,000 22,000 22,000 22,000 22,000 22,000 22,000 411 Reserved for SA RDA Low & Moderate Grant 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 411 Reserved for SA RDA Public Improvement Grant 356,550 356,550 356,550 356,550 356,550 356,550 356,550 471 Traffic Mitigation 10,000 11,612 10,000 10,000 10,000 10,000 10,000 481 Gas Tax 106,000 106,000 106,000 106,000 106,000 106,000 106,000 911 SA Reserve for 2002 COP 686,251 686,251 686,251 686,251 686,251 686,251 686,251 911 SA RDA - Reserved Admin Costs 650,000 650,000 - - - - - Total Transfers Out & De signated 10,870,074$ 10,871,686$ 9,020,074$ 9,020,074$ 8,920,074$ 8,920,074$ 8,920,074$ Unrestricte d 3,623,250$ 13,067,340$ 3,630,402$ 3,691,401$ 4,019,339$ 4,187,313$ 4,425,455$ TOTAL USE OF FUNDS 40,876,141$ 36,283,153$ 31,251,677$ 15,268,548$ 14,875,784$ 14,934,460$ 15,107,602$ FY 2016/17 Source and Use Summary Schedule All Capital Improvement Program Funds Adjusted Budget FY 2011/12 Carryfwd & FY 2012/13 FY 2013/14 FY 2014/15SOURCE of FUNDS USE of FUNDS Adjusted Budget FY 2011/12 Es timate d FY 2011/12 FY 2015/16Es timate d FY 2011/12 FY 2016/17Carryfwd & FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -10 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2011/12 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 SOURCE OF FUNDS Beginning Fund Balance Designated for Parking 1,460,210 1,460,210 1,460,210 260,210 160,210 160,210 160,210 Reserved for Comcast PEG 22,000 22,000 22,000 22,000 22,000 22,000 22,000 Reserved for 2010 COP Lease Pmt 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 Reserved for SA RDA Low & Moderate Grant 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 Reserved for SA RDA Public Improvement Grant 356,550 356,550 356,550 356,550 356,550 356,550 356,550 Unrestricted 10,541,293 10,541,293 9,934,509 129,510 85,510 103,510 121,510 Total Beginni ng Fund Balance 19,857,116 19,857,116 19,250,331 8,245,333 8,101,333 8,119,333 8,137,333 Revenues Road Impact Fees 80,000 210,000 80,000 80,000 80,000 80,000 80,000 Traffic Impact Fee 102,000 102,000 102,000 102,000 102,000 102,000 102,000 Measure B Funding- - 152,073 152,073 152,073 152,073 152,073 Developer's Contribitions 239,000 66,900 178,000 98,000 78,000 78,000 78,000 City of Monte Sereno - St Resurf & Repair - 44,450 - - - - - 123 Main Street Reimbursement - LG Rec District - 69,610 - - - - - Cost sharing - curbs & gutters 10,000 55,731 10,000 10,000 10,000 10,000 10,000 Cost sharing - traffic calming 10,000 - 10,000 10,000 10,000 10,000 10,000 General Plan Update Reimbursement- - - 51,000 - - - Library - misc.- 18 - - - - - ABAG reimbursement - Parks Wood Fiber Replacement- 16,060 - - - - - From GFAR Deposit Account - P ublic Improvement Grant 6,000,000 6,000,000 - - - - - Operating Transfers In 3,564,475 1,400,000 3,341,475 750,000 750,000 750,000 750,000 Total Revenues 10,005,475 7,964,769 3,873,548 1,253,073 1,182,073 1,182,073 1,182,073 TOTAL SOURCE OF FUNDS 29,862,591 27,821,884 23,123,879 9,498,406 9,283,406 9,301,406 9,319,406 USE OF FUNDS Completed Projects 454,201 324,608 Carryforward Projects Pageant Grounds Phase 3 Improvements 309,666 9,612 700,054 - - - - Los Gatos Creekside Sports Park 2,913,475 650,000 2,263,475 - - - - Live Oak Manor Park ADA Upgrades 32,000 10 31,990 30,000 - - - Town Beautification Projects 22,138 11,869 10,269 - - - - Audio / Video System Upgrade 62,817 4,657 58,160 - - - - Downtown Improvements 250,000 - 250,000 - - - - Library Facility Project 6,693,413 5,943,924 749,489 - - - - Information System Upgrade 90,049 14,874 75,175 - - - - Tiburon CAD / RMS Upgrade 70,000 - 70,000 - - - - Civic Center Reuse Project 1,869,086 - 2,346,086 - - - - Town-wide Document Imaging Project 64,748 45,000 19,748 - - - - Street Repair & Resurfacing 1,800,167 1,273,287 951,880 525,000 525,000 525,000 525,000 Annual Street Restriping 27,857 - 52,857 25,000 25,000 25,000 25,000 Traffic Calming Projects 49,698 32,671 27,027 10,000 10,000 10,000 10,000 Curb, Gutter & Sidewalk Maintenance 414,342 128,487 535,855 250,000 250,000 250,000 250,000 Retaining Wall Repairs 688,716 - 788,716 100,000 100,000 100,000 100,000 Quito Road - Bridge Replacement 123,730 - 123,730 - - - - University Avenue Sidewalk / Creekside Sports Park 9,000 9,000 50,000 - - - - Lark Avenue / Los Gatos Boulevard Restriping Project 2,000 - 2,000 - - - - Almond Grove Street Rehabiltation Project 4,000,000 - 4,000,000 - - - - Univ Ave Resurfacing (Shelbourne to Vasona)100,000 21,554 178,446 - - - - New Projects Turf Conversion & Water Conversation- - 25,000 - - - - Town Digital Aerial Photo/Topographic Map- - - 83,000 - - - Pavement Rehabilitation - Crack Seal- - 152,073 152,073 152,073 152,073 152,073 Hicks/Shannon Guardrail- - 40,000 - - - - Northside Parking Lot Improvements - - 74,516 - - - - 224 W. Main Street Property Acquisition (Parking Lot 6)- - 1,200,000 - - - - Downtown Parking Lots Seal Coat & Restriping- - - 100,000 - - - Monument Control Network Update- - - 20,000 - - - Total Project Expenditures 20,047,103 8,469,553 14,776,546 1,295,073 1,062,073 1,062,073 1,062,073 Operating Transfers Out Traffic Impact Transfer to GF 102,000 102,000 102,000 102,000 102,000 102,000 102,000 Total Operating Transfers Out 102,000 102,000 102,000 102,000 102,000 102,000 102,000 Endi ng Fund Balance Designated for Parking 1,460,210 1,460,210 260,210 160,210 160,210 160,210 160,210 Reserved for Comcast PEG 22,000 22,000 22,000 22,000 22,000 22,000 22,000 Reserved for 2010 COP Lease Pmt 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 1,277,063 Reserved for SA RDA Low & Moderate Grant 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 6,200,000 Reserved for SA RDA Public Improvement Grant 356,550 356,550 356,550 356,550 356,550 356,550 356,550 Unrestricted 397,665 9,934,509 129,510 85,510 103,510 121,510 139,510 Total Ending Fund Balance 9,713,488 19,250,331 8,245,333 8,101,333 8,119,333 8,137,333 8,155,333 TOTAL USE OF FUNDS 29,862,591 27,821,884 23,123,879 9,498,406 9,283,406 9,301,406 9,319,406 GENERAL FUND APPROPRIATED RESERVES (GFAR) STATEMENT OF SOURCE AND USE OF FUNDS CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -11 Carryf orward Projects 1201 Pageant Grounds Phase 3 Improvements 524,946 300,054 400,000 - - - - 1,225,000 4402 Los Gatos Creekside Sports Park 836,525 2,263,475 - - - - - 3,100,000 3803Live Oak Manor Park ADA Upgrades 10 31,990 - 30,000 - - - 62,000 2002 Town Beautification Projects 112,985 10,269 - - - - - 123,253 6001Audio / Video System Upgrade 55,520 58,160 - - - - - 113,680 2005 Downtown Improvements- 250,000 - - - - - 250,000 2501 Library Facility Project 17,732,374 749,489 - - - - - 18,481,863 6101 Information System Upgrade 399,825 75,175 - - - - - 475,000 6302 Tiburon CAD / RMS Upgrade- 70,000 - - - - - 70,000 2105 Civic Center Reuse Project 119,418 1,869,086 477,000 - - - - 2,465,504 6003 Town-wide Document Imaging Project 195,252 19,748 - - - - - 215,000 9901 Street Repair & Resurfacing 2,663,443 526,880 425,000 525,000 525,000 525,000 525,000 5,715,323 0003 Annual Street Restriping 125,302 27,857 25,000 25,000 25,000 25,000 25,000 278,159 9910 Traffic Calming Projects 97,973 17,027 10,000 10,000 10,000 10,000 10,000 165,000 9921 Curb, Gutter & Sidewalk Maintenance 857,001 285,855 250,000 250,000 250,000 250,000 250,000 2,392,856 9930Retaining Wall Repairs 475,099 688,716 100,000 100,000 100,000 100,000 100,000 1,663,815 0801 Quito Rd - Bridge Replacement 32,038 123,730 - - - - - 155,768 0210 University Avenue Sidewalk / Creekside Sports Park 9,000 - 50,000 - - - - 59,000 0211 Lark Avenue / Los Gatos Boulevard Restriping Project- 2,000 - - - - - 2,000 0003 Almond Grove Street Rehabiltation Project- 4,000,000 - - - - - 4,000,000 0006 Univ Ave Resurfacing (Shelbourne to Vasona)21,554 78,446 100,000 - - - - 200,000 New Projects 4602 Turf Conversion & Water Conversation- - 25,000 - - - - 25,000 2006 Town Digital Aerial Photo/Topographic Map- - - 83,000 - - - 83,000 0703 Northside Parking Lot Improvements - - 74,516 - - - - 74,516 0704 224 W. Main Street Property Acquisition (P arking Lot 6)- - 1,200,000 - - - - 1,200,000 0705 Downtown Parking Lots Seal Coat & Restriping- - - 100,000 - - - 100,000 0214 Monument Control Network Update- - - 20,000 - - - 20,000 9903 Pavement Rehabilitation - Crack Seal- - 152,073 152,073 152,073 152,073 152,073 760,365 0120 Hicks/Shannon Guardrail- - 40,000 - - - - 40,000 Total GFAR Proje cts 24,258,265 11,447,957 3,328,589 1,295,073 1,062,073 1,062,073 1,062,073 43,516,103 2012/13 Budget Total B udge te d 2 016/17 Budge t Expende d Through 2011/12 Estimated Carryfwd to 2012/13 2013/14 B udge t 2014/15 Budget GFAR FUND PROJECT SUMMARY 2015/16 Budget CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -12 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2011/12 2011/12 2012/132013/14 2014/15 2015/16 2016/17 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 79,232 79,232 79,232 79,232 79,232 79,232 79,232 Total Beginning Fund Balance 79,232 79,232 79,232 79,232 79,232 79,232 79,232 Revenues Deferred Revenue 2,469,282 2,020,047 1,036,252 572,000 160,000 10,000 10,000 In-Lieu Fees 102,254 14,142 30,000 - 24,299 - - Total Revenues 2,571,536 2,034,189 1,066,252 572,000 184,299 10,000 10,000 TOTAL SOURCE OF FUNDS 2,650,768$ 2,113,421$ 1,145,484$ 651,232$ 263,531$ 89,232$ 89,232$ USE OF FUNDS Completed Projects Total Completed Projects 415,116 402,409 - - - - - Carryforward Projects Hwy 9/University Intersection 249,112 2,000 247,112 - - - - Blossom Hill Road Improvements 927,933 712,519 215,414 - - - - Wedgewood Ave Improvements 969,375 905,649 63,726 - - - - Proposed Projects Winchester Blvd. / Knowles Intersection- - 530,000 - - - - Los Gatos Blvd / Lark Intersection- - - - 174,299 - - Blossom Hill Rd/Cherry Ln Intersection- - - 500,000 - - - Los Gatos Blvd / Shannon Improvements- - - 10,000 - - - Town Digital Aerial Photo/Topographic Map- - - 42,000 - - - Monument Control Network Update- - - 10,000 - - - Total Project Expenditures 2,561,536 2,022,577 1,056,252 562,000 174,299 - - Operating Transfers 10,000 11,612 10,000 10,000 10,000 10,000 10,000 Total Operating Transfers 10,000 11,612 10,000 10,000 10,000 10,000 10,000 Ending Fund Balance Unrestricted 79,232 79,232 79,232 79,232 79,232 79,232 79,232 Total Ending Fund Bal ance 79,232 79,232 79,232 79,232 79,232 79,232 79,232 TOTAL USE OF FUNDS 2,650,768$ 2,113,421$ 1,145,484$ 651,232$ 263,531$ 89,232$ 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. CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -13 Carryforward Projects 0202 Hwy 9/University Intersection 21,888 247,112 - - - - - 269,000 0111 Blossom Hill Road Improvements 774,587 215,414 - - - - - 990,000 0112 Wedgewood Ave Improvements 966,274 63,726 - - - - - 1,030,000 New Proj ects 0205 Los Gatos Blvd / Lark Intersection- - - - 174,299 - - 174,299 0204 Winchester Blvd. / Knowles Intersection- - 530,000 - - - - 530,000 2006 Town Digital Aerial Photo/Topographic Map- - - 42,000 - - - 42,000 0212 Blossom Hill Rd/Cherry Ln Intersection- - - 500,000 - - - 500,000 0213 Los Gatos Blvd / Shannon Improvements- - - 10,000 - - - 10,000 0214 Monument Control Network Update- - - 10,000 - - - 10,000 Total Traffic Mitigation Projects 1,762,749 526,252 530,000 562,000 174,299 - - 3,555,300 2016/17 B udge t 2013/14 Budge t Estimated Carryfwd to 2012/13 2012/13 Budget Total Budge ted 2014/15 Budget 2015/16 Budget TRAFFIC MITIGATION FUND PROJECTS Expende d Through 2011/12 CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -14 Adjusted Budget Esti mated Budget & Carryfwd Proposed Proposed Proposed Proposed 2011/12 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 35,827 35,827 (445,828) 36,937 36,937 36,937 36,937 Total Beginning Fund Bal ance 35,827 35,827 (445,828) 36,937 36,937 36,937 36,937 Revenues ADA Upgrades to be allocated- - - 50,000 50,000 50,000 50,000 Live Oak Manor Park ADA Upgrades 107,976 - 107,976 - - - - Pageant Grounds Phase 3 Improvements(92,976) - - - - - - Civic Center Reuse/ADA Upgrades 58,344 - 58,344 - - - - University Avenue Sidewalk / Creekside Sports Park- - 60,150 - - - - Energy Efficient Lighting Project 162,712 - 162,712 - - - - Univ Ave Resurfacing (Shelbourne to Vasona)500,000 - 500,000 - - - - Hwy 9/University Intersection 900,000 - 900,000 - - - - Univ Ave / BHR Intersection- (318) - - - - - Howe's Play Lot Pathway Improvements- - 34,535 - - - - Blossom Hill Road Improvements 450,000 - 450,000 - - - - Total Revenues 2,086,056 (318) 2,273,717 50,000 50,000 50,000 50,000 TOTAL SOURCE OF FUNDS 2,121,883$ 35,510$ 1,827,889$ 86,937$ 86,937$ 86,937$ 86,937$ USE OF FUNDS Completed Projects Total Completed Projects 161,602 161,284 Carryforward Projects Live Oak Manor Park ADA Upgrades 107,976 - 107,976 - - - - Pageant Grounds Phase 3 Improvements(92,976) - - - - - - Civic Center Reuse/ADA Upgrades 58,344 - 58,344 - - - - ADA Upgrades to be allocated- - - 50,000 50,000 50,000 50,000 Hwy 9/University Intersection 900,000 70,053 829,947 - - - - Blossom Hill Road Improvements 450,000 250,000 200,000 - - - - Univ Ave Resurfacing (Shelbourne to Vasona)500,000 - 500,000 - - - - Proposed Projects Howe's Play Lot Pathway Improvements- - 34,535 - - - - University Avenue Sidewalk / Creekside Sports Park- - 60,150 - - - - Total Expenditures 2,084,946 481,338 1,790,952 50,000 50,000 50,000 50,000 Ending Fund Bal ance Unrestricted 36,937 (445,828) 36,937 36,937 36,937 36,937 36,937 Total Ending Fund Balance 36,937 (445,828) 36,937 36,937 36,937 36,937 36,937 TOTAL USE OF FUNDS 2,121,883$ 35,510$ 1,827,889$ 86,937$ 86,937$ 86,937$ 86,937$ GRANT FUND STATEMENT OF SOURCE AND USE OF FUNDS CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -15 Carryforward Projects 1201 Pageant Grounds Phase 3 Improvements 92,976 - - - - - - 92,976 3803 Live Oak Manor Park ADA Upgrades- 107,976 - - - - - 107,976 2105 Civic Center Reuse Project- 58,344 - - - - - 58,344 0006 Univ Ave Resurfacing (Shelbourne to Vasona)- 500,000 - - - - - 500,000 0202 Hwy 9/University Intersection 70,053 829,947 - - - - - 900,000 0111 Blossom Hill Road Improvements 250,000 200,000 - - - - - 450,000 2102 ADA Upgrades to be allocated- - - 50,000 50,000 50,000 50,000 200,000 0210 University Avenue Sidewalk / Creekside Sports Park- - 60,150 - - - - 60,150 - New Proj ects- 3602 Howe's P lay Lot Pathway Improvements- - 34,535 - - - - 34,535 Total Grant Funded Projects 413,029 1,696,267 94,685 50,000 50,000 50,000 50,000 2,403,981 2013/14 Budge t 2016/17 B udge t Estimated Carryfwd to 2012/13 Expende d Through 2011/12 2012/13 Budget GRANT FUNDED PROJECTS 2014/15 Budget 2015/16 Budget Total Budge ted CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -16 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2011/12 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 891,060 891,060 1,061,601 879,141 986,261 1,096,848 1,145,989 Total Beginning Fund Balance 891,060 891,060 1,061,601 879,141 986,261 1,096,848 1,145,989 Revenues Drainage Fees 92,000 191,684 92,000 93,840 95,717 97,631 99,584 Interest 10,540 3,460 10,540 13,280 14,870 16,510 18,210 Total Revenues 102,540 195,144 102,540 107,120 110,587 114,141 117,794 TOTAL SOURCE OF FUNDS 993,600$ 1,086,205$ 1,164,141$ 986,261$ 1,096,848$ 1,210,989$ 1,263,783$ USE OF FUNDS Completed Projects Carryforward Projects Proposed Projects Hicks & Philips Culvert Improvements 285,000 - 285,000 - - - - Hernandez Ave Improvements- - - - - 65,000 - Total Expenditures 285,000 - 285,000 - - 65,000 - Ending Fund Balance Unrestricted 708,600 1,086,205 879,141 986,261 1,096,848 1,145,989 1,263,783 Total Ending Fund Balance 708,600 1,086,205 879,141 986,261 1,096,848 1,145,989 1,263,783 TOTAL USE OF FUNDS 993,600$ 1,086,205$ 1,164,141$ 986,261$ 1,096,848$ 1,210,989$ 1,263,783$ STORM BASIN FUNDS STATEMENT OF SOURCE AND USE OF FUNDS CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -17 Carryforward Projects 0411 Hicks & P hilips Culvert Improvements- 285,000 - - - - - 285,000 New Proj ects 0403 Hernandez Ave Improvements 17,180 - - - - 65,000 - 82,180 Total Storm Bas in Funds Projects 17,180 285,000 - - - 65,000 - 367,180 2014/15 Budget Expende d Through 2011/12 STORM BASIN FUND PROJECTS 2015/16 Budget 2016/17 Budget Total Budge ted Estimated Carryfwd to 2012/13 2012/13 Budget 2013/14 Budge t CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -18 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2011/12 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 2,385,666 2,385,666 2,416,481 2,467,731 2,519,751 2,572,551 2,626,141 Total Beginning Fund Balance 2,385,666 2,385,666 2,416,481 2,467,731 2,519,751 2,572,551 2,626,141 Revenues Construction Tax 15,000 26,534 15,000 15,000 15,000 15,000 15,000 Interest 36,010 8,987 36,250 37,020 37,800 38,590 39,390 Total Revenues 51,010 35,521 51,250 52,020 52,800 53,590 54,390 TOTAL SOURCE OF FUNDS 2,436,676$ 2,421,188$ 2,467,731$ 2,519,751$ 2,572,551$ 2,626,141$ 2,680,531$ USE OF FUNDS Completed Projects Civic Center Site Improvements- 4,707 - - - - - New Projects Total Expenditures- 4,707 - - - - - Ending Fund Balance Unrestricted 2,436,676 2,416,481 2,467,731 2,519,751 2,572,551 2,626,141 2,680,531 Total Ending Fund Balance 2,436,676 2,416,481 2,467,731 2,519,751 2,572,551 2,626,141 2,680,531 TOTAL USE OF FUNDS 2,436,676$ 2,421,188$ 2,467,731$ 2,519,751$ 2,572,551$ 2,626,141$ 2,680,531$ UTILITY UNDERGROUND FUND STATEMENT OF SOURCE AND USE OF FUNDS CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -19 Carryforward Projects New Proj ects Total Utility Undergrounding Projects- - - - - - - - 2016/17 B udge t Expende d Through 2011/12 UTILITY UNDERGROUND FUND PROJECTS Total Budge ted Estimated Carryfwd to 2012/13 2012/13 Budget 2013/14 Budge t 2014/15 Budget 2015/16 Budget CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -20 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2011/12 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 73,264 73,264 151,574 230,134 268,584 307,614 347,224 Total Beginning Fund Balance 73,264 73,264 151,574 230,134 268,584 307,614 347,224 Revenues Gas Tax 491,000 491,000 491,000 491,000 491,000 491,000 491,000 Prop 42 - Traffic Congestion Relief 341,290 341,290 341,290 300,000 300,000 300,000 300,000 Interest 2,020 2,020 2,270 3,450 4,030 4,610 5,210 Total Revenues 834,310 834,310 834,560 794,450 795,030 795,610 796,210 TOTAL SOURCE OF FUNDS 907,574$ 907,574$ 986,134$ 1,024,584$ 1,063,614$ 1,103,224$ 1,143,434$ USE OF FUNDS Completed Projects Carryforward Projects Street Repair & Resurfacing 650,000 650,000 650,000 650,000 650,000 650,000 650,000 Proposed Projects Total Expenditures 650,000 650,000 650,000 650,000 650,000 650,000 650,000 Operating Transfers 106,000 106,000 106,000 106,000 106,000 106,000 106,000 Total Operating Transfers 106,000 106,000 106,000 106,000 106,000 106,000 106,000 Ending Fund Balance Unrestricted 151,574 151,574 230,134 268,584 307,614 347,224 387,434 Total Ending Fund Balance 151,574 151,574 230,134 268,584 307,614 347,224 387,434 TOTAL USE OF FUNDS 907,574$ 907,574$ 986,134$ 1,024,584$ 1,063,614$ 1,103,224$ 1,143,434$ GAS TAX FUND STATEMENT OF SOURCE AND USE OF FUNDS CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -21 Carryforward Projects 9901 Street Repair & Resurfacing 3,389,390 - 650,000 650,000 650,000 650,000 650,000 6,639,390 - New Proj ects- Total Gas Tax Fund Proje cts 3,389,390 - 650,000 650,000 650,000 650,000 650,000 6,639,390 2015/16 Budget 2016/17 B udge t GAS TAX FUND PROJECTS Estimated Carryfwd to 2012/13 2012/13 Budget 2013/14 Budge t 2014/15 Budget Expende d Through 2011/12 Total Budge ted CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -22 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2011/12 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 SOURCE OF FUNDS Beginning Fund Balance Unrestricted(159,155) (159,155) (154,832) (192,284) (184,874) (177,353) (169,720) Reserve Account for Lease Pmt 686,251 686,251 686,251 686,251 686,251 686,251 686,251 Reserved for Admin Expense 715,952 715,952 - - - - - Total Beginning Fund Bal ance 1,243,048 1,243,048 531,420 493,968 501,377 508,898 516,531 Revenues Dividends available for Projects 10,000 4,324 5,000 7,410 7,521 7,633 7,748 Interest on Cash Balance- - - - - - - Town Loan for Administration 650,000 650,000 - - - - - Total Revenues 660,000 654,324 5,000 7,410 7,521 7,633 7,748 TOTAL SOURCE OF FUNDS 1,903,048$ 1,897,372$ 536,420$ 501,377$ 508,898$ 516,531$ 524,279$ USE OF FUNDS Administration Costs Total SA Admin Expenses 715,952 715,952 - - - - - Completed Projects Carryforward Projects Almond Grove Street Rehabiltation Project 38,280 - 42,452 - - - - Proposed Projects Total Expendi tures 754,232 715,952 42,452 - - - - Ending Fund Balance Reserve Account for Lease Pmt 686,251 686,251 686,251 686,251 686,251 686,251 686,251 Reserved for Admin Expense 650,000 650,000 - - - - - Unrestricted(187,435) (154,832) (192,284) (184,874) (177,353) (169,720) (161,972) Total Ending Fund Balance 1,148,816 1,181,420 493,968 501,377 508,898 516,531 524,279 TOTAL USE OF FUNDS 1,903,048$ 1,897,372$ 536,420$ 501,377$ 508,898$ 516,531$ 524,279$ SUCCESSOR AGENCY OF THE TOWN OF LOS GATOS REDEVELOPMENT FUND STATEMENT OF SOURCE AND USE OF FUNDS CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -23 Carryforward Projects 1201 Pageant Grounds Phase 3 Improvements 64,725 - - - - - - 64,725 0003 Almond Grove Street Rehabiltation Project 41,720 38,280 4,172 - - - - 84,172 - New Proj ects- Total RDA Capital Fund Proje cts 106,445 38,280 4,172 - - - - 148,897 2015/16 Budget 2016/17 B udge t Total Budge ted Estimated Carryfwd to 2012/13 2012/13 Budget 2013/14 Budge t 2014/15 Budget Expende d Through 2011/12 SUCCESSOR AGENCY OF THE TOWN OF LOS GATOS RDA - CAPITAL PROJECTS CAPITAL IMPROVEMENT PROGRAM Financial Summaries B -24