Page 15 - 2023-25 Citizen's Guide to the Moreno Valley Budget
P. 15

CAPITAL IMPROVEMENT PROJECTS (CIP)

        Over $51.9 million of improvements

                                 FYs 2023/24 & 2024/25 Capital Budget Category Overview
                                                       FY 2023/24       FY 2024/25
                            Category                 New Request      New Request           Total

                            Streets and Highways       $14,115,000     $12,185,000    $26,300,000
                            Bridges                    $1,053,958          $10,000      $1,063,958
                            Buildings                  $1,950,000        $4,850,000    $6,800,000
                            Drainage                    $280,000          $280,000      $560,000
                            Electric Utility           $6,091,340       $4,680,000     $10,771,340
                            Landscaping                $1,915,000        $1,035,000    $2,950,000
                            Parks                       $160,000          $158,500       $318,500
                            Traffic Signals              $650,000          $500,000      $1,150,000
                            Other                     $2,000,000                 $0    $2,000,000
                            Total                     $28,215,298     $23,698,500      $51,913,798


                                Capital Budget Category Overview - Expenses

                                                       50.66%
                                                       Streets &
                                                       Highways






                                      0.61%
              ADOPTED                   Parks
              CAPITAL                 1.08%
          IMPROVEMENT                 Drainage
                PLAN                  2.05%
                                       Bridges
                                      2.22%
                                        Traffic
                                       Signals
                                                 3.85%                             20.75%
                                                 Other     5.68%       13.10%      Electric
                                                                                   Utility
                                                           Landscaping  Buildings

          INFRASTRUCTURE

          Streets

          Based on the City’s Pavement Management Plan, the annual maintenance costs to keep our streets in an acceptable pavement
          condition index is estimated at $10M per year.  The current budget includes $21.2M allocated for annual street maintenance.
          Additional funding will be applied as available.



                                             FYs 2023/24-24/25 Funding Sources

                                             Gas Tax                       $780,000
                                             Senate Bill 1              $10,000,000
                                             Measure A                    $1,370,000
                                             Capital Project Reimbursements  $12,800,000
                                             Co-opt Agreements             $100,000
                                             DIF Arterial Streets         $1,150,000
                                             DIF Interchange Improvements  $100,000
                                             CDBG                         $1,286,000
                                             Total                      $27,586,000





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