Attachment 5
Department/Item
Source of
Funds
Use of
Funds Explanation
Park Impact Fees Monitoring
Project
(700,000) Decreases the Park Impact Fees Monitoring project to reallocate $300,000 to the Parks & Recreation
Master Plan project and $400,000 to the Facility
Condition Assessment Update project. The unspent
project funds are recommended to address higher
priority capital needs
(majority affirmation Council
votes required).
Parks & Recreation Master
Plan
300,000 Establishes a Parks & Recreation Master Plan project by reallocating $300,000 of unspent project
funds from the Park Impact Fees Monitoring
Project. The project will develop a comprehensive
city-wide Parks & Recreation master plan that will
provide policy options and direction for the
acquisition and development of new parkland,
recreation facilities and park amenities to meet the
needs of new residents (majority affirmation
Council votes required).
Facility Condition Assessment
Update Project
400,000 Establishes a Facility Condition Assessment Update project by reallocating $400,000 of unspent project
funds from the Park Impact Fees Monitoring
Project. The project was last completed in FY
2016/17. Since that time, facility conditions have
improved and deteriorated, costs have changed,
and new parks and facilities have been acquired by
and dedicated to the City. This project will provide
an update to the initial comprehensive study.
This 5-year review is instrumental in providing the
City a list of lifecycle renewals and replacements
and a recommended timeline for repair, replace,
an/or upgrade of City Parks & Recreation facilities
as well as the cumulative cost over time. In
addition, the assessment will provide Geographic
Information System (GIS) updates to existing
facilities and incorporate new facilities into the City's enterprise GIS repository (majority affirmation
Council votes required).
FY 2022/23 Budget Amendments
Parks and Recreation Capital Fund (532)
1 Attachment 5
FY 2022/23 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Quimby Developer
Reimbursement
637,465 Increases the Quimby Developer Reimbursement project using unallocated Quimby funds to address
a developer reimbursement upon dedication of
developed parkland at 3505 Kifer Rd.
In accordance with California Gov’t Code section
66477(a)(9) If the subdivider provides park and
recreational improvements to the dedicated land,
the value of the improvements together with any
equipment located thereon shall be a credit against
the payment of fees or dedication of land required
by the ordinance (five affirmative Council votes
required for the use of unused balances).
MFA Developer
Reimbursement
210,572 Establishes a Capital Improvement Project to allocate Mitigation Fee Act (MFA) funds that may be
returned to developers upon dedication of parkland
or fees that are not committed within the prescribed
5-year timeframe based on local, state and/or
federal regulations.
Increases the Mitigation Fee Act Developer
Reimbursement project using unallocated MFA
funds to address a developer reimbursement upon
dedication of developed parkland at 2343 Calle Del
Mundo [vacation of shared easement with adjacent
property owner]. The Development Agreement
states, "$210,572 will be refunded if Phase 2 is
completed within 5 years of payment of the park in
lieu fees". The deadline for reimbursement is June
28, 2027 (five affirmative Council votes required
for the use of unused balances).
Unrestricted Ending Fund
Balance
(848,037) This change to the Ending Fund Balance offsets the recommended actions above (five affirmative
Council votes required for the use of unused
balances).
- -
Parks and Recreation Capital Fund (532) (Cont'd.)
2 Attachment 5
FY 2022/23 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Other Agencies Revenue -
Year End Close Correction of
Revenue Carryforward
146,123 Increases the Other Agencies Revenue estimate by $146,123 to carryforward revenue for the Multi-
Jurisdictional Transportation Technology ($135,000)
and the MCB Class IV Bike Lanes ($11,123)
projects, which were inadvertently excluded from
the FY 21/22 Year End Close Report but should
have been carried forward (five affirmative
Council votes required to appropriate additional
revenue).
Other Agencies Revenue 84,970 Increases the Other Agencies Revenue estimate by $84,970 to recognize funding from the FY 2022/23
Transportation Fund for Clean Air (TFCA) grant
administered by Santa Clara Valley Transportation
Authority (VTA). This funding will help partially fund
the Pruneridge Avenue Signal Timing Project (five
affirmative Council votes required to
appropriate additional revenue).
Transfer from the Traffic
Mitigation Fund
915,030 Increases the transfer from the Traffic Mitigation Fund by $915,030 for the Pruneridge Avenue Signal
Timing Project (five affirmative Council votes
required to appropriate additional revenue).
Pruneridge Avenue Signal
Timing Project (New Project)
1,000,000 Establishes the Pruneridge Avenue Signal Timing Project in the amount of $1,000,000. The project will
install communications and signal synchronization
timing on Pruneridge Avenue between Kiely
Boulevard and Pomeroy Avenue. This project will
complete Phase IV of Project 1232 Traffic Signal
Interconnect Upgrade that was approved by the
Council as part of the FY22/23 and 23/24 Biennial
Capital Improvement Program Budget. The project
is partially funded by a Transportation Fund for
Clean Air (TFCA) grant awarded to the City as part
of the FY2022/23 funding cycle. This grant is
intended to reduce greenhouse gas emissions (five
affirmative Council votes required to
appropriate additional revenue).
Unrestricted Ending Fund
Balance
146,123 Increases the Ending Fund Balance to offset the recommended action above (five affirmative
Council votes required to appropriate additional
revenue).
1,146,123 1,146,123
Streets and Highways Capital Fund (533)
3 Attachment 5
FY 2022/23 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer to the Streets and
Highways Capital Fund
915,030 Increases the transfer to the Streets and Highways Capital Fund by $915,030 for the Pruneridge
Avenue Signal Timing Project (five affirmative
Council votes required for the use of unused
balances).
Unrestricted Ending Fund
Balance
(915,030) Decreases the Ending Fund Balance to offset the recommended action above (five affirmative
Council votes required for the use of unused
balances).
- -
Traffic Mitigation Fund (123)
4