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9.A. - Page 2
<br /> 13 and $9,540,000 in FY 2013-14. Debt service resulting from bond activity is
<br /> $1,012,000 and $1,011,000 respectively. This debt service charge is significantly
<br /> reduced from the $1,616,000 the City is paying this year due to the retirement of one
<br /> bond. The remaining bond is scheduled to be paid off in 2017. Projected revenue, less
<br /> debt service and less transfer to Gas Tax Fund leaves an available balance of
<br /> $7,871,000 in FY 2012-13 and $7,878,000 in FY 2013-14 for programming from the
<br /> UUT. In FY 2013-14, $7,750,000 from projected revenue, plus an existing fund balance
<br /> of $2,250,000, plus $2,500,000 anticipated from cost sharing with other agencies total
<br /> $12,500,000 available for programming.
<br /> The CPF replaces and upgrades the city's infrastructure and public facilities. CIP
<br /> projects and programs proposed to receive CPF funding are reviewed by the
<br /> Department Directors and the City Manager, and are evaluated based on their potential
<br /> to:
<br /> • Support City Council Strategic Initiatives:
<br /> o Community Building and Communication
<br /> o Economic Development
<br /> o Government Operations
<br /> o Public Safety
<br /> o Transportation
<br /> o Youth
<br /> • Save or reduce operation costs
<br /> • Increase workflow efficiency through consolidation or standardization
<br /> • Extend the useful life of infrastructure with minimal investment
<br /> • Enhance public health, life, and safety, or if required by mandate
<br /> 2. Gas Tax Construction Fund (GTCF) — Transportation (Measure A) Fund (TF) - Grants
<br /> and Fees Fund (GFF)
<br /> Traffic calming, roadway management, pedestrian/bicycle safety, and local and regional
<br /> transportation planning efforts are all supported by GTCF, TF, and GFF. The GFF is
<br /> funded in part by Traffic Impact Fees that are generated by new residential and
<br /> commercial development. These funds total $4,145,817 ($1,254,000 GTCF,
<br /> $1,200,000 TF, $1,691,817 GFF) and $3,760,640 ($1,254,000 GTCF, $1,200,000 TF,
<br /> $1,306,640 GFF) respectively. Variation is due to grants that staff is less certain about
<br /> confirming prior to programming for FY 2013-14.
<br /> 3. Enterprise Funds: Water Improvement Fund (WIF) and Sewer Improvement Fund (SIF)
<br /> Upgrading and replacing undersized and deteriorated infrastructure is an essential core
<br /> service, necessary for long term viability of water and sewer systems. The City funds
<br /> the reconstruction and replacement of water and sewer facilities through these
<br /> enterprise funds. These programs are essential for service reliability, including disaster
<br /> preparedness and response. Funds are appropriated from fees collected from rate
<br /> payers specifically for these improvements. Water Improvement Funds programmed in
<br /> FY 2012-13 total $3,300,000 and in FY 2013-14 total $3,000,000. FY 2012-13 includes
<br /> $1,300,000 from developer's participation in the Main City Water Tank. Sewer
<br /> Improvement Funds programmed in FY 2012-13 total $3,500,000 and in FY 2013-14
<br />
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