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HomeMy WebLinkAbout02.1 - - Presentation of Capital Improvement Bud. - 5/31/2011City of Costa Mesa FISCAL YEAR 2011-2012 PRELIMINARY CAPITAL IMPROVEMENT BUDGET May 31, 2011 .0qr,!p CAPITAL IMPROVEMENT PROJECTS - PREL IMINA R Y B UD GE T ■ $10.4 million allocated for 15 projects. ■ Approximately $8.3 million or 79% from Gas Tax and Measure M Funds. ■ Some funding sources, like Gas Tax and Measure M, can only be spent for a specific purpose (streets) not general purposes (General Fund costs). z CAPITAL IMPROVEMENT PROJECTS - PREL IMINA R Y B UD GE T ■ $1.3 million in grants allocated in the Capital Improvement Fund. ■ $210,000 allocated in the Capital Improvement Fund for Concrete Replacement and repairs to Tewinkle Park Lake. ■ Listing of all projects can be found in the Preliminary Budget book, pages 160-177. 3 CAPITAL IMPROVEMENT PROJECTS - PRELIMINARY BUDGET FY 11-12 Preliminary Estimate FY 10-11 Adopted Budget $ 10,449,122 Amount Increase $ Percent Increase 6,630,534 173.63 0 CIP FUNDING SOURCE Ten -Year Historical Comparison $15,000,000 $1010001000 $0,000,000 $0 ■ Ll All Funds -A—Sa■ Tmc 1k Maasum M _e—Capital Impror Fund Fund 5 CAPITAL IMPROVEMENT PROJECTS - BY CA TEGOR Y Street Improvements $ 91474,122 Curbs and Sidewalk Imp 400,000 Storm Drain Imp 300,000 Park Maintenance 210,000 Parkway and Median Imp 65,000 Total $ 10,449,122 1.1 City of Costa Mesa FISCAL YEAR 2011-2012 PRELIMINARY CAPITAL IMPROVEMENT BUDGET May 31, 2011 .0qr,!p