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9.B. - Page 2 <br /> 1. Utility Users Tax (UUT) <br /> Revenue from UUT, less debt service, is the major funding source of the Capital Project <br /> Fund (CPF) and the GTCF. Projected revenue from the UUT is $9,329,000 in <br /> FY 2014-15. Projected revenue, less debt service (for the public Finance Authority <br /> Refunding Lease) and less transfer to Gas Tax Fund leaves an available balance of <br /> $10,793,000 in FY 2014-15 for programming from the UUT. <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 Community for All Ages (formerly 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) — Measure A Transportation Fund (TF) - Grants and <br /> Fees Fund (GFF) <br /> Traffic calming, roadway management, pedestrian/bicycle safety, local and regional <br /> transportation planning, and part of park efforts are all supported by GTCF, TF, and <br /> GFF. The GFF is funded in part by Traffic Impact Fees that are generated by new <br /> residential and commercial development and park Impact Fees. Combined, these funds <br /> total $2,524,000 ($870,000 GTCF, $1 ,600,000 TF, $1,030,000 GFF). Variation in GFF <br /> is anticipated due to uncertainty regarding future grants awards that are not yet <br /> confirmed. <br /> 3. Enterprise Funds: Water Improvement Fund (WIF), Sewer Improvement Fund (SIF), <br /> and Parking Fund (PF) <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. The Parking Fund supports on-street and <br /> off-street parking operations within downtown Redwood City. Water Improvement <br /> Funds programmed in FY 2014-15 total $2,000,000. Sewer Improvement Funds <br /> programmed in FY 2014-15 total $6,250,000. Parking Funds programmed in FY 2014- <br /> 15 total $1,465,000. <br />