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5 - Financial Summaries
PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -1 0 50 100 150 200 250 300 FINANCIAL SUMMAR IES P ROGRAM S UMMARIES Streets Program ...................................................................................................................................... B – 5 Parks Program ....................................................................................................................................... B – 6 Public Facilities Program ....................................................................................................................... B – 6 F UND S UMMARIES Total CIP Fund Summary ....................................................................................................................... B – 9 GFAR Fund ............................................................................................................................................ B – 10 Traffic Mitigation Fund .......................................................................................................................... B – 12 Grants and Awards Projec t Fund ............................................................................................................ B – 14 Storm Basin Funds ................................................................................................................................. B – 16 Utility Underground Fund ...................................................................................................................... B – 18 Gas Tax Fund ......................................................................................................................................... B – 20 PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -2 PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -3 FINANCIAL SUMMARIES BY PROGRAM PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -4 F Y 2014/15 BUDGET BY PROGRAM CATEGORY (Includes Carryforward and FY 2014/15 Budg et ) Carryforward &Budget by Program Category FY 2014/15 Category %Streets Program Street Reconstruction 6,065,945 $ 40%Maintenance, Repair & Safety Projects 1,959,263 $ 13%Street Improvements 3,568,218 $ 23%Bridges 299,681 $ 2%Streets Program 11,893,108 $ 78%Parks and Trails Program Park Improvements 801,590 $ 5%Trail Improvements 1,050,000 $ 7%Parks Program 1,851,590 $ 12%Public Facilities Program Infrastructure 960,160 $ 6%Equipment 565,104 $ 4%Public Facilities 1,525,264 $ 10%TOTAL PROJECT FUNDING 15,269,962 $ 100% PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -5 Street Reconstruction/Resurfacing 9901 Street Repair & Resurfacing 6,806,380 1,541,059 374,532 1,125,000 1,125,000 1,125,000 1,125,000 1,125,000 14,346,971 0003 Almond Grove Street Rehabiltation Project 4,500 189 537,764 3,500,000 - - - - 4,042,453 9903 Pavement Rehabilitation - Crack Seal 925 194,575 116,573 160,000 160,000 160,000 160,000 160,000 1,112,073 0007 Hillside Road Repair & Resurfacing Project - 136,924 141,076 111,000 - - - - 389,000 - Street Maintenance, Repair & Safety 9910 Traffic Calming Projects 97,973 10,875 26,152 10,000 10,000 10,000 10,000 10,000 185,000 9921 Curb, Gutter & Sidewalk Maintenance 1,145,468 245,205 109,402 250,000 250,000 250,000 250,000 250,000 2,750,075 9930 Retaining Wall Repairs 378,757 1,000 862,831 100,000 100,000 100,000 100,000 100,000 1,742,588 9902 Annual Street Restriping 119,122 - 55,878 25,000 25,000 25,000 25,000 25,000 300,000 2102 Public Access Infrastructure Improvement Projects - - - 70,000 50,000 50,000 50,000 50,000 270,000 0102 Guardrail Replacement Projects - - 230,000 - - - - - 230,000 0122 Electrical Panel Replacement on Pageant Way - - - 45,000 - - - - 45,000 0123 Complete Streets Project - - - 100,000 - - - - 100,000 0214 Electronic Speed Signs - - - 75,000 - - - - 75,000 Street Improvements 0202 Hwy 9/University Intersection 71,406 751,797 345,797 - - - - - 1,169,000 0203 Winchester Blvd. / Lark Ave. Intersection 9,000 3,878 837,122 - - - - - 850,000 0704 224 W. Main Street Property Acquisition (Parking Lot 4,000 - 1,196,000 - - - - - 1,200,000 0409 Hernandez Avenue Storm Drain Improvements 17,180 - - - - - - 65,000 82,180 0205 Los Gatos Blvd / Lark Intersection - - - 174,299 - - - - 174,299 0203 Blossom Hill Rd / Cherry Ln Intersection - - - 5,000 495,000 - - - 500,000 0704 Los Gatos Blvd / Shannon Improvements - - 10,000 10,000 - - - - 20,000 0214 Monument Control Network Update - - - 30,000 - - - - 30,000 0705 Downtown Parking Lots Seal Coat & Restriping - - 100,000 - - - - - 100,000 0215 Electrical Vehicle Charging Station Infrastructure - - 100,000 - - - - - 100,000 0213 Downtown Parking Signs Enhancements - - - - 50,000 - - - 50,000 0218 Shannon/LGB/ Cherry Blossom Sidewalk Improvement - - - 20,000 110,000 - - - 130,000 0219 Stonybrook & Kennedy Sidewalk Improvements - - - 40,000 260,000 - - - 300,000 0706 Parking Lot 4 - - - 50,000 350,000 - - - 400,000 0220 Intersection Safety & Traffic Flow Improvements - - - 90,000 - - - 90,000 0221 Sidewalk Improvements - Multiple Locations - - - 60,000 - - - - 60,000 0222 Winchester Blvd/Highway 85 Sidewalk - - - 500,000 - - - - 500,000 Bridges - 0801 Quito Road - Bridge Replacement 32,038 - 299,681 - - - - - 331,719 Total Streets Projects 8,686,749 $ 2,885,501 $ 5,342,809 $ 6,550,299 $ 2,985,000 $ 1,720,000 $ 1,720,000 $ 1,785,000 $ 31,675,358 $ Expended Through 2012/13 2013/14 Estimated Actuals Estimated Carryfwd to 2014/15 2014/15 Budget Total Budgeted 2015/16 Budget STREETS PROGRAM SUMMARY 2016/17 Budget 207/18 Budget 2018/19 Budget PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -6 s Park Improvements 3403 Blossom Hill Park Pathway Improvements - - 256,550 16,450 - - - - 273,000 4004 Oak Meadow Park Upgrades - - - 30,000 300,000 - - - 330,000 4403 Pedestrian Bridge to Sports Park - 87,000 - - - - - - 87,000 4603 Tree Trimming - Various Town Parks - - 100,000 - - - - - 100,000 4605 Parks Playground Fibar Project - 23,410 1,590 25,000 25,000 25,000 25,000 25,000 150,000 3404 Blossom Hill Park Upgrades - - - 30,000 - - - - 30,000 4203 Plaza Park Improvements - - - 37,000 - - - - 37,000 3104 Park Rehabilitation - Bachman Park - - - 225,000 - - - - 225,000 4005 Oak Meadow Park Gazebo - - - 40,000 - - - - 40,000 3406 Blossom Hill Park Restroom Building Upgrades - - 40,000 - - - - 40,000 Trail Improvements 4504 Open Space Trail Upgrades - - 250,000 - - - - - 250,000 4505 Highway 9 Pathway Connection to LG Creek Trail - - 300,000 500,000 - - - - 800,000 Total Parks Projects -$ 110,410 $ 908,140 $ 943,450 $ 325,000 $ 25,000 $ 25,000 $ 25,000 $ 2,362,000 $ PARKS AND TRAILS PROGRAM SUMMARY 2018/19 Budget Total Budgeted 2016/17 Budget 2014/15 Budget 2015/16 Budget 207/18 Budget Expended Through 2012/13 2013/14 Estimated Actuals Estimated Carryfwd to 2014/15 Infrastructure 2002 Town Beautification Projects 87,593 - 10,160 - - - - - 97,753 2105 Old Library Re-use Project 36,400 - 500,000 - - - - - 536,400 2103 HVAC Upgrades - Old Library 179,505 - 200,000 - - - - - 379,505 2006 Town Digital Aerial Photo/Topographic Map - - - 130,000 - - - - 130,000 2302 Building Replacement at Corporation Yard - - - 20,000 200,000 - - - 220,000 2303 PPW Administration Building Improvements - - 50,000 - - - - - 50,000 2108 Civic Center Improvement ( Noise Isulation)- - - 25,000 - - - - 25,000 2109 Former Library Roof Improvements - - - - 90,000 - - - 90,000 2304 Fuel System Enhancement - - - - 75,000 - - - 75,000 2110 Civic Center Energy Assessment - - - 25,000 - - - - 25,000 Equipment 6101 Information System Upgrade 391,831 - 83,169 - - - - - 475,000 6001 Audio / Video System Upgrade 52,440 - 58,160 - - - - - 110,600 6003 Town-wide Document Imaging Project 193,225 - 21,775 - - - - - 215,000 6302 Tiburon CAD / RMS Upgrade 28,000 - 42,000 - - - - - 70,000 6401 CarteGraph System Upgrades - - - 40,000 - - - - 40,000 2305 Engineering Document Archiving - - - 20,000 20,000 20,000 - - 60,000 2402 Police Interoperability Radio Project - - 150,000 - - - - - 150,000 2306 PPW Interoperability Radio Project - - - 150,000 - - - - 150,000 Total Facilities Projects 968,994 $ -$ 1,115,264 $ 410,000 $ 385,000 $ 20,000 $ -$ -$ 2,899,258 $ 2016/17 Budget 207/18 Budget 2018/19 Budget Total Budgeted Expended Through 2012/13 2013/14 Estimated Actuals Estimated Carryfwd to 2014/15 2014/15 Budget 2015/16 Budget PUBLIC FACILITIES PROGRAM PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -7 FINANCIAL SUMMARIES BY FUND PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -8 2014/15 PROJECT SUMMARY BY FUND (Includes Carryforward and FY 2014/15 Budget ) ` Carryforward &Budget by Fund FY 2014/15 Fund %GFAR 12,419,194 $ 81.3%Traffic Mitigation Funds 1,365,481 $ 8.9%Grant Funds 785,288 $ 5.1%Storm Drain Funds -$ 0.0%Utility Underground Funds -$ 0.0%Gas Tax Funds 700,000 $ 4.6%Total Budget by Fund 15,269,962 $ 100.0% PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -9 Beginning Fund Balance 411 GFAR 3,907,682 3,907,682 5,668,197 1,285,524 30,524 10,524 10,524 411 Reserved for Parking 1,460,210 164,210 164,210 164,210 164,210 164,210 164,210 411 Reserved for Comcast PEG 45,234 45,234 45,234 45,234 45,234 45,234 45,234 471 Traffic Mitigation 126,032 126,032 126,032 126,032 126,032 126,032 126,032 421 Grant Fund (641,977) (641,977) (32,493) (116,525) (116,525) (116,525) (116,525) 461 Storm Basin #1 305,893 305,893 346,200 394,320 446,130 499,638 554,882 462 Storm Basin #2 860,325 860,325 881,355 934,355 994,275 1,056,003 1,119,597 463 Storm Basin #3 (55,377) (55,377) (54,093) (50,093) (45,993) (41,791) (37,485) 472 Underground Utilities 2,519,548 2,519,548 2,577,056 2,637,056 2,706,616 2,777,216 2,848,876 481 Gas Tax 169,347 169,347 185,828 171,828 159,408 248,298 338,518 Total Beginning Fund Balance 8,696,917 $ 7,400,917 $ 9,907,525 $ 5,591,939 $ 4,509,909 $ 4,768,837 $ 5,053,862 $ Revenues 411 GFAR 3,633,746 3,453,889 8,417,003 1,397,000 1,197,000 1,197,000 1,197,000 471 Traffic Mitigation 1,596,266 437,907 1,375,481 505,000 10,000 10,000 10,000 421 Grant Fund 2,032,295 1,355,096 701,256 50,000 50,000 50,000 50,000 461 Storm Basin #1 48,120 40,307 48,120 51,810 53,508 55,244 57,029 462 Storm Basin #2 53,000 21,030 53,000 59,920 61,728 63,594 65,499 463 Storm Basin #3 4,000 1,284 4,000 4,100 4,202 4,306 4,412 472 Underground Utilities 45,000 57,508 60,000 69,560 70,600 71,660 72,730 481 Gas Tax 833,290 834,771 792,000 793,580 794,890 796,220 797,580 Total Revenues 8,245,717 $ 6,201,792 $ 11,450,859 $ 2,930,970 $ 2,241,928 $ 2,248,025 $ 2,254,251 $ TOTAL SOURCE OF FUNDS 16,942,634 $ 13,602,708 $ 21,358,384 $ 8,522,909 $ 6,751,837 $ 7,016,862 $ 7,308,113 $ Capital Program Expenditures 411 GFAR 7,447,206 1,927,813 12,419,194 2,550,000 1,115,000 1,095,000 1,095,000 471 Traffic Mitigation 1,586,266 427,907 1,365,481 495,000 - - - 421 Grant Fund 1,460,901 745,613 785,288 50,000 50,000 50,000 50,000 461 Storm Basin #1 - - - - - - - 462 Storm Basin #2 - - - - - - - 463 Storm Basin #3 - - - - - - 65,000 472 Underground Utilities - - - - - - - 481 Gas Tax 712,290 712,290 700,000 700,000 600,000 600,000 600,000 Total Capital Projects 11,206,662 $ 3,813,624 $ 15,269,962 $ 3,795,000 $ 1,765,000 $ 1,745,000 $ 1,810,000 $ Total Expenditures 11,206,662 $ 3,813,624 $ 15,269,962 $ 3,795,000 $ 1,765,000 $ 1,745,000 $ 1,810,000 $ Transfers Out & Other Sources 411 GFAR Designated for Parking 164,210 164,210 164,210 164,210 164,210 164,210 164,210 411 GFAR 102,000 44,043 102,000 102,000 102,000 102,000 102,000 411 Reserved for Comcast PEG 45,234 45,234 45,234 45,234 45,234 45,234 45,234 471 Traffic Mitigation 10,000 10,000 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 Total Transfers Out & Designated 427,444 $ 369,487 $ 427,444 $ 427,444 $ 427,444 $ 427,444 $ 427,444 $ Unrestricted 5,308,527 $ 9,419,598 $ 5,660,978 $ 4,300,465 $ 4,559,393 $ 4,844,418 $ 5,070,669 $ TOTAL USE OF FUNDS 16,942,634 $ 13,602,708 $ 21,358,384 $ 8,522,909 $ 6,751,837 $ 7,016,862 $ 7,308,113 $ FY 2018/19 Source and Use Summary Schedule All Capital Improvement Program Funds Adjusted Budget FY 2013/14 Carryfwd & FY 2014/15 FY 2015/16 FY 2016/17 SOURCE of FUNDS USE of FUNDS Adjusted Budget FY 2013/14 Estimated FY 2013/14 FY 2017/18 Estimated FY 2013/14 FY 2018/19 Carryfwd & FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -10 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2013/14 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 SOURCE OF FUNDS Beginning Fund Balance Designated for Parking 1,460,210 164,210 164,210 164,210 164,210 164,210 164,210 Reserved for Comcast PEG 45,234 45,234 45,234 45,234 45,234 45,234 45,234 Unrestricted 3,907,682 3,907,682 5,668,197 1,285,524 30,524 10,524 10,524 Total Beginning Fund Balance 5,413,126 4,117,126 5,877,641 1,494,967 239,967 219,967 219,967 Revenues Road Impact Fees 80,000 240,754 80,000 80,000 80,000 80,000 80,000 Traffic Impact Fee 102,000 44,043 102,000 102,000 102,000 102,000 102,000 Turf Conversion & Water Conservation - 5,243 - - - - - General Plan Update Reimbursement - - 51,000 - - - - Civic Center Deck Repair Waterproofing - 14,648 - - - - - Developer's Contribitions 78,000 87,231 78,000 78,000 78,000 78,000 78,000 Cost sharing - curbs & gutters 10,000 62,013 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 Community Benefit - - 10,000 - - - - Developer Fee ( Albright )- - 500,000 - - - - Measure B Funding 160,000 174,723 160,000 160,000 160,000 160,000 160,000 Operating Transfers In 3,193,746 2,825,234 7,416,003 957,000 757,000 757,000 757,000 Total Revenues 3,633,746 3,453,889 8,417,003 1,397,000 1,197,000 1,197,000 1,197,000 TOTAL SOURCE OF FUNDS 9,046,872 7,571,015 14,294,644 2,891,967 1,436,967 1,416,967 1,416,967 USE OF FUNDS Completed Projects 389,516 399,867 Carryforward Projects Town Beautification Projects 10,160 - 10,160 - - - - Audio / Video System Upgrade 58,160 - 58,160 - - - - HVAC Upgrades - Old Library 200,000 - 200,000 - - - - Old Library Re-use Project 500,000 - 500,000 - - - - Information System Upgrade 83,169 - 83,169 - - - - Tiburon CAD / RMS Upgrade 42,000 - 42,000 - - - - Town-wide Document Imaging Project 21,775 - 21,775 - - - - Town Digital Aerial Photo/Topographic Map - - 88,000 - - - - Street Repair & Resurfacing 1,203,301 828,769 799,532 525,000 525,000 525,000 525,000 Annual Street Restriping 55,878 - 80,878 25,000 25,000 25,000 25,000 Traffic Calming Projects 37,027 10,875 36,152 10,000 10,000 10,000 10,000 Curb, Gutter & Sidewalk Maintenance 354,607 245,205 359,402 250,000 250,000 250,000 250,000 Pavement Rehabilitation - Crack Seal 311,148 194,575 276,573 160,000 160,000 160,000 160,000 Retaining Wall Repairs 863,831 1,000 962,831 100,000 100,000 100,000 100,000 Quito Road - Bridge Replacement 299,681 - 299,681 - - - - Hillside Road Repair & Resurfacing 139,000 136,924 113,076 - Almond Grove Street Rehabiltation Project 537,953 189 4,037,764 - - - - Guardrail Replacement Projects 230,000 - 230,000 - - - - 224 W. Main Street Property Acquisition (Parking Lot 6)1,196,000 - 1,196,000 - - - - Highway 9 Pathway Connection to LG Creek Trail - - 500,000 - - - - Blossom Hill Park Pathway Improvements 89,000 - 105,450 - - - - Oak Meadow Park Upgrades - - 30,000 300,000 - - - Pedestrian Bridge to Sports Park 50,000 87,000 - - - - - Open Space Trail Upgrades 250,000 - 250,000 - - - - Tree Trimming - Various Town Parks 100,000 - 100,000 - - - - Parks Playground Fibar Project 25,000 23,410 26,590 25,000 25,000 25,000 25,000 Blossom Hill Park Upgrades - - 30,000 - - - - Building Replacement at Corporation Yard - - 20,000 200,000 - - - PPW Administration Building Improvements 50,000 - 50,000 - - - - Downtown Parking Lots Seal Coat & Restriping 100,000 - 100,000 - - - - Monument Control Network Update - - 20,000 - - - - Electrical Vehicle Charging Station Infrastructure 100,000 - 100,000 - - - - Downtown Parking Signs Enhancements - - - 50,000 - - - Electrical Panel Replacement on Pageant Way - - 45,000 - - - - Police Interoperability Radio Project 150,000 - 150,000 - - - - New Projects Shannon/LGB/ Cherry Blossom Sidewalk Improvements - - 20,000 110,000 - - - Stonybrook & Kennedy Sidewalk Improvements - - 40,000 260,000 - - - Parking Lot 4 - - 50,000 350,000 - - - Intersection Safety & Traffic Flow Improvements - - 50,000 - - - - Sidewalk Improvements - Multiple Locations - - 60,000 - - - - Complete Streets Project - - 100,000 - - - - Electronic Speed Signs - - 75,000 - - - - Winchester Blvd/Highway 85 Sidewalk - - 500,000 - - - - CarteGraph System Upgrades - - 40,000 - - - - Civic Center Improvement ( Noise Isulation)- - 25,000 - - - - Former Library Roof Improvements - - - 90,000 - - - Fuel System Enhancement - - - 75,000 - - - Engineering Document Archiving - - 20,000 20,000 20,000 - - Civic Center Energy Assessment - - 25,000 - - - - PPW Interoperability Radio Project - - 150,000 - - - - Plaza Park Improvements - - 37,000 - - - - Park Rehabilitation - Bachman Park - - 225,000 - - - - Oak Meadow Park Gazebo - - 40,000 - - - - Blossom Hill Park Restroom Building Upgrades - - 40,000 - - - - Total Project Expenditures 7,447,206 1,927,813 12,419,194 2,550,000 1,115,000 1,095,000 1,095,000 Operating Transfers Out Traffic Impact Transfer to GF 102,000 44,043 102,000 102,000 102,000 102,000 102,000 Total Operating Transfers Out 102,000 44,043 102,000 102,000 102,000 102,000 102,000 Ending Fund Balance Designated for Parking 164,210 164,210 164,210 164,210 164,210 164,210 164,210 Reserved for Comcast PEG 45,234 45,234 45,234 45,234 45,234 45,234 45,234 Unrestricted 1,288,222 5,389,715 1,564,006 30,524 10,524 10,524 10,524 Total Ending Fund Balance 1,497,666 5,599,159 1,773,450 239,967 219,967 219,967 219,967 TOTAL USE OF FUNDS 9,046,872 7,571,015 14,294,644 2,891,967 1,436,967 1,416,967 1,416,967 GENERAL FUND APPROPRIATED RESERVES (GFAR)STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -11 Carryforward Projects 2002 Town Beautification Projects 87,593 10,160 - - - - - 97,753 2105 Old Library Re-use Project 179,505 500,000 - - - - - 679,505 2103 HVAC Upgrades - Old Library 36,400 200,000 - - - - - 236,400 6001 Audio / Video System Upgrade 52,440 58,160 - - - - - 110,600 6101 Information System Upgrade 391,831 83,169 - - - - - 475,000 6003 Town-wide Document Imaging Project 193,225 21,775 - - - - - 215,000 6302 Tiburon CAD / RMS Upgrade 28,000 42,000 - - - - - 70,000 9901 Street Repair & Resurfacing 3,642,004 374,532 425,000 525,000 525,000 525,000 525,000 6,541,536 9902 Annual Street Restriping 119,122 55,878 25,000 25,000 25,000 25,000 25,000 300,000 9903 Pavement Rehabilitation - Crack Seal 195,500 116,573 160,000 160,000 160,000 160,000 160,000 1,112,073 0003 Almond Grove Street Rehabiltation Project 4,689 537,764 3,500,000 - - - - 4,042,453 9910 Traffic Calming Projects 108,848 26,152 10,000 10,000 10,000 10,000 10,000 185,000 9921 Curb, Gutter & Sidewalk Maintenance 1,390,672 109,402 250,000 250,000 250,000 250,000 250,000 2,750,075 9930 Retaining Wall Repairs 379,757 862,831 100,000 100,000 100,000 100,000 100,000 1,742,588 0007 Hillside Road Repair & Resurfacing 136,924 2,076 111,000 - - - - 250,000 0801 Quito Road - Bridge Replacement 32,038 299,681 - - - - - 331,719 0120 Guardrail Replacement Projects - 230,000 - - - - - 230,000 0704 224 W. Main Street Property Acquisition (Parking Lot 6)4,000 1,196,000 - - - - - 1,200,000 3403 Blossom Hill Park Pathway Improvements - 89,000 16,450 - - - - 105,450 4004 Oak Meadow Park Upgrades - - 30,000 300,000 - - - 330,000 4403 Pedestrian Bridge to Sports Park 87,000 - - - - - - 87,000 4504 Open Space Trail Upgrades - 250,000 - - - - - 250,000 4603 Tree Trimming - Various Town Parks - 100,000 - - - - - 100,000 4605 Parks Playground Fibar Project 23,410 1,590 25,000 25,000 25,000 25,000 25,000 150,000 4505 Highway 9 Pathway Connection to LG Creek Trail - - 500,000 - - - - 500,000 3404 Blossom Hill Park Upgrades - - 30,000 - - - - 30,000 2006 Town Digital Aerial Photo/Topographic Map - - 88,000 - - - - 88,000 2302 Building Replacement at Corporation Yard - - 20,000 200,000 - - - 220,000 2303 PPW Administration Building Improvements - 50,000 - - - - - 50,000 0214 Monument Control Network Update - - 20,000 - - - - 20,000 0675 Downtown Parking Lots Seal Coat & Restriping - 100,000 - - - - 100,000 0215 Electrical Vehicle Charging Station Infrastructure - 100,000 - - - - - 100,000 0216 Downtown Parking Signs Enhancements - - - 50,000 - - - 50,000 0122 Electrical Panel Replacement on Pageant Way - - 45,000 - - - - 45,000 2402 Police Interoperability Radio Project - 150,000 - - - - - 150,000 New Projects 4203 Plaza Park Improvements - - 37,000 - - - - 37,000 3104 Park Rehabilitation - Bachman Park - - 225,000 - - - - 225,000 4005 Oak Meadow Park Gazebo - - 40,000 - - - - 40,000 3406 Blossom Hill Park Restroom Building Upgrades - - 40,000 - - - - 40,000 6401 CarteGraph System Upgrades - - 40,000 - - - - 40,000 2108 Civic Center Improvement ( Noise Isulation)- - 25,000 - - - - 25,000 2109 Former Library Roof Improvements - - - 90,000 - - - 90,000 2304 Fuel System Enhancement - - - 75,000 - - - 75,000 2305 Engineering Document Archiving - - 20,000 20,000 20,000 - - 60,000 2110 Civic Center Energy Assessment - - 25,000 - - - - 25,000 2306 PPW Interoperability Radio Project - - 150,000 - - - - 150,000 0218 Shannon/LGB/ Cherry Blossom Sidewalk Improvements - - 20,000 110,000 - - - 130,000 0219 Stonybrook & Kennedy Sidewalk Improvements - - 40,000 260,000 - - - 300,000 0706 Parking Lot 4 - - 50,000 350,000 - - - 400,000 0220 Intersection Safety & Traffic Flow Improvements - - 50,000 - - - - 50,000 0221 Sidewalk Improvements - Multiple Locations - - 60,000 - - - - 60,000 0123 Complete Streets Project - - 100,000 - - - - 100,000 0214 Electronic Speed Signs - - 75,000 - - - - 75,000 0222 Winchester Blvd/Highway 85 Sidewalk - - 500,000 - - - - 500,000 Total GFAR Projects 7,092,958 5,566,744 6,852,450 2,550,000 1,115,000 1,095,000 1,095,000 25,367,152 2015/16 Budget 2017/18 Budget 2014/15 Budget Total Budgeted Expended Through 2013/14 Estimated Carryfwd to 2014/15 2016/17 Budget GFAR FUND PROJECT SUMMARY 20118/19 Budget PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -12 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2013/14 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 126,032 $ 126,032 $ 126,032 $ 126,032 $ 126,032 $ 126,032 $ 126,032 $ Total Beginning Fund Balance 126,032 126,032 126,032 126,032 126,032 126,032 126,032 Revenues Deferred Revenue 20,000 10,000 229,152 505,000 10,000 10,000 10,000 In-Lieu Fees 1,576,266 427,907 1,146,329 - - - - Total Revenues 1,596,266 437,907 1,375,481 505,000 10,000 10,000 10,000 TOTAL SOURCE OF FUNDS 1,722,297 $ 563,939 $ 1,501,512 $ 631,032 $ 136,032 $ 136,032 $ 136,032 $ USE OF FUNDS Completed Projects Total Completed Projects 492,022 417,845 - - - - - Carryforward Projects Hwy 9/University Intersection 243,244 6,184 237,060 - - - - Winchester Blvd. / Lark Ave. Intersection 841,000 3,878 837,122 - - - - Los Gatos Blvd / Lark Intersection - - 174,299 - - - - Blossom Hill Rd/Cherry Ln Intersection - - 5,000 495,000 - - - Los Gatos Blvd / Shannon Improvements 10,000 - 20,000 - - - - Town Digital Aerial Photo/Topographic Map - - 42,000 - - - - Monument Control Network Update - - 10,000 - - - - Proposed Projects Intersection Safety & Traffic Flow Imp - - 40,000 - - - - Total Project Expenditures 1,586,266 427,907 1,365,481 495,000 - - - Operating Transfers 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Total Operating Transfers 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Ending Fund Balance Unrestricted 126,032 126,032 126,032 126,032 126,032 126,032 126,032 Total Ending Fund Balance 126,032 126,032 126,032 126,032 126,032 126,032 126,032 TOTAL USE OF FUNDS 1,722,297 $ 563,939 $ 1,501,512 $ 631,032 $ 136,032 $ 136,032 $ 136,032 $ TRAFFIC MITIGATION FUND STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -13 Carryforward Projects 0202 Hwy 9/University Intersection 31,941 237,060 - - - - 269,000 0203 Winchester Blvd. / Lark Ave. Intersection 12,878 837,122 - - - - - 850,000 2006 Town Digital Aerial Photo/Topographic Map - - 42,000 - - - - 42,000 0205 Los Gatos Blvd / Lark Intersection - - 174,299 - - - - 174,299 0212 Blossom Hill Rd/Cherry Ln Intersection - - 5,000 495,000 - - - 500,000 0213 Los Gatos Blvd / Shannon Improvements - 10,000 10,000 - - - - 20,000 0214 Monument Control Network Update - - 10,000 - - - - 10,000 New Projects 2220 Intersection Safety & Traffic Flow Improvements - - 40,000 - - - - 40,000 Total Traffic Mitigation Projects 44,819 1,084,182 281,299 495,000 - - - 1,905,299 20118/19 Budget Estimated Carryfwd to 2014/15 2015/16 Budget 2014/15 Budget 2016/17 Budget 2017/18 Budget Total Budgeted TRAFFIC MITIGATION FUND PROJECTS Expended Through 2013/14 PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -14 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2013/14 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 SOURCE OF FUNDS Beginning Fund Balance Unrestricted (641,977) (641,977) (32,493) (116,525) (116,525) (116,525) (116,525) Total Beginning Fund Balance (641,977) (641,977) (32,493) (116,525) (116,525) (116,525) (116,525) Revenues Public Access Infrastructure Improvement Projects - - 70,000 50,000 50,000 50,000 50,000 Univ Ave Resurfacing (Shelbourne to Vasona)491,210 445,267 - - - - - Hwy 9/University Intersection 900,000 745,613 154,387 - - - - Blossom Hill Park Pathway Improvements 167,550 129,681 37,869 - - - - Howe's Playlot Pathway Upgrade 34,535 34,535 - - - - - Highway 9 Pathway Connection to LG Creek Trail 300,000 - 300,000 - - - - Hillside Road Repair & Resurfacing Project 139,000 - 139,000 - - - - Total Revenues 2,032,295 1,355,096 701,256 50,000 50,000 50,000 50,000 TOTAL SOURCE OF FUNDS 1,390,319 $ 713,119 $ 668,763 $ (66,525)$ (66,525)$ (66,525)$ (66,525)$ USE OF FUNDS Completed Projects Total Completed Projects - - Carryforward Projects Public Access Infrastructure Improvement Projects - - 70,000 50,000 50,000 50,000 50,000 Hwy 9/University Intersection 854,351 745,613 108,738 - - - - Blossom Hill Park Pathway Improvements 167,550 - 167,550 - - - - Highway 9 Pathway Connection to LG Creek Trail 300,000 - 300,000 - - - - Hillside Road Repair & Resurfacing 139,000 - 139,000 - - - - Proposed Projects Total Expenditures 1,460,901 745,613 785,288 50,000 50,000 50,000 50,000 Ending Fund Balance Unrestricted (70,582) (32,493) (116,525) (116,525) (116,525) (116,525) (116,525) Total Ending Fund Balance (70,582) (32,493) (116,525) (116,525) (116,525) (116,525) (116,525) TOTAL USE OF FUNDS 1,390,319 $ 713,119 $ 668,763 $ (66,525)$ (66,525)$ (66,525)$ (66,525)$ GRANT FUND STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -15 Carryforward Projects 0202 Hwy 9/University Intersection 791,262 108,738 - - - - - 900,000 2102 Public Access Infrastructure Improvement Projects - - 70,000 50,000 50,000 50,000 50,000 270,000 3403 Blossom Hill Park Pathway Improvements - 167,550 - - - - - 167,550 4403 Pedestrian Bridge to Sports Park - - - - - - - - 4505 Highway 9 Pathway Connection to LG Creek Trail - 300,000 - - - - - 300,000 0007 Hillside Road Repair & Resurfacing Project - 139,000 - - - - - 139,000 New Projects Total Grant Funded Projects 791,262 715,288 70,000 50,000 50,000 50,000 50,000 1,776,550 Estimated Carryfwd to 2014/15 Expended Through 2013/14 2014/15 Budget 2016/17 Budget 2017/18 Budget Total Budgeted 2015/16 Budget 20118/19 Budget PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -16 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2013/14 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 1,110,841 1,110,841 1,173,461 1,278,581 1,394,411 1,513,849 1,636,994 Total Beginning Fund Balance 1,110,841 1,110,841 1,173,461 1,278,581 1,394,411 1,513,849 1,636,994 Revenues Drainage Fees 95,000 57,614 95,000 96,900 98,838 100,815 102,831 Interest 10,120 5,007 10,120 18,930 20,600 22,330 24,110 Total Revenues 105,120 62,621 105,120 115,830 119,438 123,145 126,941 TOTAL SOURCE OF FUNDS 1,215,961 $ 1,173,461 $ 1,278,581 $ 1,394,411 $ 1,513,849 $ 1,636,994 $ 1,763,935 $ USE OF FUNDS Completed Projects Total Completed Projects - - - - - - - Carryforward Projects Proposed Projects Hernandez Ave Storm Drain Improvem - - - - - - 65,000 Total Expenditures - - - - - - 65,000 Ending Fund Balance Unrestricted 1,215,961 1,173,461 1,278,581 1,394,411 1,513,849 1,636,994 1,698,935 Total Ending Fund Balance 1,215,961 1,173,461 1,278,581 1,394,411 1,513,849 1,636,994 1,698,935 TOTAL USE OF FUNDS 1,215,961 $ 1,173,461 $ 1,278,581 $ 1,394,411 $ 1,513,849 $ 1,636,994 $ 1,763,935 $ STORM BASIN FUNDS STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -17 Carryforward Projects New Projects 0409 Hernandez Avenue Storm Drain Improvements 17,180 - - - - - 65,000 82,180 Total Storm Basin Funds Projects 17,180 - - - - - 65,000 82,180 STORM BASIN FUND PROJECTS 20118/19 Budget 2016/17 Budget Expended Through 2013/14 2017/18 Budget Total Budgeted Estimated Carryfwd to 2014/15 2014/15 Budget 2015/16 Budget PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -18 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2013/14 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 2,519,548 2,519,548 2,577,056 2,637,056 2,706,616 2,777,216 2,848,876 Total Beginning Fund Balance 2,519,548 2,519,548 2,577,056 2,637,056 2,706,616 2,777,216 2,848,876 Revenues Construction Tax 15,000 46,513 30,000 30,000 $ 30,000 30,000 30,000 Interest 30,000 10,995 30,000 39,560 $ 40,600 41,660 42,730 Total Revenues 45,000 57,508 60,000 69,560 70,600 71,660 72,730 TOTAL SOURCE OF FUNDS 2,564,548 $ 2,577,056 $ 2,637,056 $ 2,706,616 $ 2,777,216 $ 2,848,876 $ 2,921,606 $ USE OF FUNDS Completed Projects New Projects Total Expenditures - - - - - - - Ending Fund Balance Unrestricted 2,564,548 2,577,056 2,637,056 2,706,616 2,777,216 2,848,876 2,921,606 Total Ending Fund Balance 2,564,548 2,577,056 2,637,056 2,706,616 2,777,216 2,848,876 2,921,606 TOTAL USE OF FUNDS 2,564,548 $ 2,577,056 $ 2,637,056 $ 2,706,616 $ 2,777,216 $ 2,848,876 $ 2,921,606 $ UTILITY UNDERGROUND FUND STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -19 Carryforward Projects New Projects Total Utility Undergrounding Projects - - - - - - - - Expended Through 2013/14 Estimated Carryfwd to 2014/15 2014/15 Budget 2015/16 Budget 20118/19 Budget UTILITY UNDERGROUND FUND PROJECTS Total Budgeted 2016/17 Budget 2017/18 Budget PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -20 Adjusted Budget Estimated Budget & Carryfwd Proposed Proposed Proposed Proposed 2013/14 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 SOURCE OF FUNDS Beginning Fund Balance Unrestricted 169,347 169,347 185,828 171,828 159,408 248,298 338,518 Total Beginning Fund Balance 169,347 169,347 185,828 171,828 159,408 248,298 338,518 Revenues Gas Tax 491,000 491,000 491,000 491,000 491,000 491,000 491,000 Gas Tas - Traffic Congestion 341,290 341,290 300,000 300,000 300,000 300,000 300,000 Interest 1,000 2,481 1,000 2,580 3,890 5,220 6,580 Total Revenues 833,290 834,771 792,000 793,580 794,890 796,220 797,580 TOTAL SOURCE OF FUNDS 1,002,637 $ 1,004,118 $ 977,828 $ 965,408 $ 954,298 $ 1,044,518 $ 1,136,098 $ USE OF FUNDS Completed Projects Carryforward Projects Street Repair & Resurfacing 712,290 712,290 700,000 700,000 600,000 600,000 600,000 Proposed Projects Total Expenditures 712,290 712,290 700,000 700,000 600,000 600,000 600,000 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 184,347 185,828 171,828 159,408 248,298 338,518 430,098 Total Ending Fund Balance 184,347 185,828 171,828 159,408 248,298 338,518 430,098 TOTAL USE OF FUNDS 1,002,637 $ 1,004,118 $ 977,828 $ 965,408 $ 954,298 $ 1,044,518 $ 1,136,098 $ GAS TAX FUND STATEMENT OF SOURCE AND USE OF FUNDS PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -21 Carryforward Projects 9901 Street Repair & Resurfacing 4,705,435 - 700,000 600,000 600,000 600,000 600,000 7,805,435 New Projects - Total Gas Tax Fund Projects 4,705,435 - 700,000 600,000 600,000 600,000 600,000 7,805,435 GAS TAX FUND PROJECTS 2017/18 Budget 20118/19 Budget Total Budgeted Estimated Carryfwd to 2014/15 2014/15 Budget 2015/16 Budget 2016/17 Budget Expended Through 2013/14 PROPOSED C APITAL I MPROVEMENT P ROGRAM Financial Summaries B -22