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<br />Table 5
<br />Capital Improvement Program Summary
<br />(In $ Millions)
<br />
<br />FY 2004/05
<br />
<br />FY 2005/06
<br />
<br />FY 2006/07
<br />
<br />FY 2007/08
<br />
<br />FY 2008/09
<br />
<br />Repair & Replacement $2,000,000 $2,000,000
<br />
<br />Water Conservation 1,500,000 900,000
<br />
<br />Recycled Water Project [1] 30,516,536 16,477,000 15,331,500 6,858,500 12,774,500
<br />
<br />Total $34,016,536 $19,377,000 $17,331,500 $8,858,500 $14,774,500
<br />[1] $2,104,964 of Recycled Water Project expenses were incurred in prior fiscal years. Total Recycled Water Project costs
<br />are estimated at $84,063,000.
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />----------------
<br />
<br />Source: City of Redwood City.
<br />
<br />Total
<br />
<br />$10,000,000
<br />2,400,000
<br />81,958,036
<br />
<br />$94,358,036
<br />
<br />For the past 12 years, the City has spent $2,000,000 per year from fund balances and
<br />current revenue in order to replace aging facilities and equipment of the Enterprise.
<br />
<br />The City's projected schedule of expenditures for its Recycled Water Project is set forth
<br />in Table 6 below:
<br />
<br />24
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