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CITY OF MORGAN HILL
CAPITAL IMPROVEMENT PROGRAM
2017-2022 Six-Year Capital Improvement Program
PAGE : 112 OF 123
350 - Undergrounding
Fund Description
Undergrounding Fund receives revenues from developers for the undergrounding of utilities in areas of new
development. Expenditures may be made from these funds only for the design and construction associated with such
undergrounding.
How this Fund Generates Money for Capital Investment
Fees are paid by developers of properties. In FY 16/17, $1,054,971 of Rule 20A funds will be received from PG&E for
work on the Undergrounding Monterey Utilities Project (512093).
Limitations and Other Important Factors
These funds must be used for undergrounding of utilities in areas of new development.
Goals for Capital Investment
The goals for this fund during this period are the placement of overhead utilities in underground conduits and vaults to
eliminate safety hazards and unsightly conditions. To make the most effective use of these funds, it is necessary to
aggregate multiple years of revenues and apply them towards a larger utility undergrounding project.
Funding for the Underground Monterey Utilities (512093) project is budgeted in FY 15/16.
Project List Summary
Projects
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
512093 - Underground Monterey
Utilities
Totals
Six-Year Pro Forma
2015-16 YE
Projected
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
Beginning Fund
Balance
$352,009
($711,188)
$392,575
$445,272
$499,483
$555,454
$613,431
Revenues - Impact
Fees (AB1600)
Revenues - Non-
AB1600 RDCS
$50,100
$50,100
$50,100
$50,100
$50,100
$50,100
Revenues - Other
$2,263
$1,054,176
$3,136
$4,677
$6,465
$8,501
Expenditures - CIP
Projects
$1,064,971
Expenditures - Other
$489
$513
$539
$566
$594
$624
$643
Ending Fund Balance
($711,188)
$392,575
$445,272
$499,483
$555,454
$613,431
$662,888