City of Morgan Hill Adopted Budget FY 2016-17 and FY 2017-18

 CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL 

Description of Funds (continued)

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. Agriculture and Open Space Preservation Fund (306) This fund accounts for open space fees collected from developers. These funds are to be expensed for agricul- ture and open space preservation expenditures. Street CIP (308) 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 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 reimbursements, may be expended on new streets, traffic signals, and improvements of existing streets. Traffic Impact Fund (309) 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. P olice Impact Fund (311) 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 (313) 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. Public Facilities Non AB1600 Fund (346) Public Facilities Fund revenues are received from devel- opers of properties and the funds may be used for the design, construction, and maintenance of public facili- ties or to reimburse the City for funds advanced to con- struct such facilities. Public Facilities Impact Fund (347) Public Facilities Impact Fund revenues are derived from fees charged to developers to cover the costs to con- struct public improvements required as a result of new development. Expenditures may only be made for the future construction of the required new facilities or to reimburse the City for funds advanced to construct such facilities. Fund is subject to the restrictions of AB1600. Library Impact Fund (348) Library Impact Fund revenues are derived from a fee charged to developers to cover the costs to construct library improvements required as a result of new devel- opment. Expenditures may only be made for the future construction of the required new library facilities or to reimburse the City for funds advanced to construct such facilities. Fund is subject to the restrictions of AB1600. Undergrounding Fund (350) Undergrounding Fund receives revenues from develop- ers for the undergrounding of utilities in areas of new development. Expenditures may be made from these

 CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18

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