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Economic Profile
This section provides an analysis of fiscal and economic characteristics or trends in Morgan Hill.
The analysis uses data from a variety of sources including the City budget, the American
Community Survey (ACS), the California Economic Development Department (EDD), market
reports from brokers, and other private sector resources.
The General Fund
The City of Morgan Hill total 2016-17
budget is $126.2 Million. The General Fund,
which supports most of the City's major
services including police, fire, recreation,
street maintenance, municipal governance,
and administrative services, accounts for
less than 30 percent of this total. The
remaining 70 percent of the budget is
comprised of Special Revenue Funds,
Capital Project Funds, Enterprise Funds
(such as sewer and water), and Internal
Service Funds; all funds that are restricted
to the specific uses for which they were
collected.
Figure 1. Total Morgan Hill Budget by Fund, FY 2016-2017
Total budgeted General Fund revenues in FY
2016-17 were $36.2 Million.
Revenue
sources that are directly tied to land use
and economic growth – including sales
taxes, property taxes, and transient
occupancy (hotel) taxes – account for 64%
of General Fund revenues
. Current services,
which include fees for services such as
recreation, generate another 21.7%.
General Fund
29.0%
Special Revenue
Funds
13.0%
Capital Project
Funds
13.0%
Debt Service
Funds
0.5%
Enterprise Funds
25.0%
Internal Service
Funds
8.0%
Agency Funds
0.5%
Bond
Proceeds/Use of
Reserves
11.0%
Total Resources