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CITY OF MORGAN HILL
CAPITAL IMPROVEMENT PROGRAM
2017-2022 Six-Year Capital Improvement Program
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306 - Agriculture & Open Space Preservation
Fund Description
This fund accounts for open space fees collected from developers. These funds are to be expensed for open space
expenditures.
How this Fund Generates Money for Capital Investment
Funds collected are primarily used for acquiring properties for open space as part of the 6-Year CIP. They can also be
used to acquire properties to mitigate the loss of agricultural lands.
Limitations and Other Important Factors
The funds are to be used for the acquisition of open space areas and for certain maintenance activities in open space
areas.
Goals for Capital Investment
The City will continue to acquire lands for open space purposes which can include mitigation for the loss of agricultural
lands as the City builds out or for recreational purposes. Revenues-Other includes interest income. Expenditures-Other
includes contract services and transfer out to the General Plan Update.
Project List Summary
Projects
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
132008 - El Toro Trail
$320,000
$235,000
139016 - Sports Facilities Parking
Lots
$500,000
140016 - Agricultural Preservation
$1,000,000
$1,000,000
$1,000,000
$1,000,000
$1,000,000
$1,000,000
Totals
$1,320,000
$1,235,000
$1,000,000
$1,500,000
$1,000,000
$1,000,000
Six-Year Pro Forma
2015-16 YE
Projected
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
Beginning Fund
Balance
$5,172,576
$6,087,908
$6,581,847
$6,754,593
$7,178,829
$7,119,011
$7,490,572
Revenues - Impact
Fees (AB1600)
Revenues - Non-
AB1600 RDCS
$1,488,670
$1,912,186
$1,490,381
$1,490,381
$1,490,381
$1,406,019
$1,406,019
Revenues - Other
$36,635
$31,595
$49,589
$68,513
$86,947
$105,233
$106,285
Expenditures - CIP
Projects
$500,000
$1,320,000
$1,235,000
$1,000,000
$1,500,000
$1,000,000
$1,000,000
Expenditures - Other
$109,972
$129,843
$132,224
$134,658
$137,146
$139,691
$143,882
Ending Fund Balance
$6,087,909
$6,581,846
$6,754,593
$7,178,829
$7,119,011
$7,490,572
$7,858,994