Operating and CIP Budget Fiscal Year 2015-16

Description of Funds (continued)

certain development impact fees. AB1600 indicates that there must be a reasonable relationship between the fee and the purpose for which it was charged. The fol- lowing funds are the Capital Projects Funds:

and roads. The fund has been separated from Street Operations, fund 202.The funds allocated, which are normally transfers from other revenue funds such as the Traffic Impact Fund 309, and grant reimburse- ments, may be expended on new streets, traffic signals, and improvements of existing streets. Traffic Impact Fund revenues are received from devel- opers if their projects have an adverse impact on traffic flows, streets, etc. The funds collected may be ex- pended on new streets, traffic signals, and improve- ments of existing streets where they are impacted by new development. Fund is subject to the restrictions of AB1600. Police Impact Fund revenues are derived from a fee charged to developers to cover the costs to construct public improvements for Police facilities needed as a result of new development. Expenditures may only be made for the future construction of the required new Police facilities or to reimburse the City for funds ad- vanced to construct such facilities. Fund is subject to the restrictions of AB1600. Fire Impact Fund revenues are derived from a fee charged to developers to cover the costs to construct public improvements required for Fire facilities as a re- sult of new development. Expenditures may only be made for the future construction of the required new Fire facilities or to reimburse the City for sums ad- vanced to construct such facilities. Fund is subject to the restrictions of AB1600. Traffic Impact Fund (309) P olice Impact Fund (311) Fire Impact Fund (313)

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Park Development Fund (301)

Park Development Impact Fund revenues are received from developers of properties. The funds may only be used for the design, development and construction of new parks within the City. Fund is subject to the restric- tions of AB1600.

Park Maintenance Fund (302)

Park Maintenance/Development Fund receives reve- nues from developers of properties and the funds may only be used for the maintenance and development of the City’s parks.

Drainage Impact Fund (303)

Local Drainage Impact Fund revenues are received from developers of properties and the funds may only be used for the design and construction of new storm drains. Fund is subject to the restrictions of AB1600.

Drainage Non AB1600 Fund (304)

Local Drainage Fund revenues are received from devel- opers of properties and the funds may be used for the design, construction, and maintenance of storm drains.

Open Space Fund (306)

This fund accounts for open space fees collected from developers. These funds are to be expensed for open space expenditures.

Street CIP (308)

Public Facilities Non AB1600 Fund (346)

This fund was established effective July 1, 2007. The fund accounts for resources and requirements for capi- tal projects that support the City of Morgan Hills streets

Public Facilities Fund revenues are received from devel- opers of properties and the funds may be used for the

CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET

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