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CITY OF MORGAN HILL
CAPITAL IMPROVEMENT PROGRAM
2017-2022 Six-Year Capital Improvement Program
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348 - Library Impact
Fund Description
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 development. 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.
How this Fund Generates Money for Capital Investment
New development creates the need for City to expand its inventory of public facilities and build new, or add on to
current, infrastructure to handle the demands for new services. The City imposes public facilities fees under authority
granted by the Mitigation Fee Act (the Act), contained in California Government Code Sections 66000 et seq.
Limitations and Other Important Factors
All development impact fee-funded capital projects are programmed through the City's 6-Year CIP, by which the City
identifies and directs its fee revenue to new public facilities/infrastructure projects that will accommodate future
growth.
Goals for Capital Investment
The goal for the use of this fund is to fund the design for the expansion of the Morgan Hill Library. Expenditures-Other
includes the Transfers Out for Bond/Debt. Sufficient Library Impact Funds are available to complete Phase I & II. Any
shortfall will be made up with a temporary interfund loan. Phase III will be put on hold until sufficient revenues are
generated. Revenue-Other includes library rent, and for FY 17/18, it includes a transfer from Fire Impact Fund 313.
Project List Summary
Projects
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
251015 - Library Expansion
$115,000
$3,330,000
Totals
$115,000
$3,330,000
Six-Year Pro Forma
2015-16 YE
Projected
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
Beginning Fund
Balance
$1,403,385
$1,809,815
$2,293,305
$0
$140,653
$254,133
$670,363
Revenues - Impact
Fees (AB1600)
$830,466
$671,160
$523,110
$523,110
$493,500
$493,500
$493,500
Revenues - Non-
AB1600 RDCS
Revenues - Other
$143,144
$142,243
$727,399
$128,150
$132,476
$138,698
$138,698
Expenditures - CIP
Projects
$320,000
$115,000
$3,330,000
Expenditures - Other
$247,180
$214,913
$213,814
$510,607
$512,495
$215,968
$215,968
Ending Fund Balance
$1,809,815
$2,293,305
$0
$140,653
$254,134
$670,363
$1,086,593