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HomeMy WebLinkAboutSS2 - Fiscal Year 2015-16 BudgetProject Expenditures N N 11 GF COntriapkm %Budget •Debt Service - as %of Revenues N ty ry Debt Service Capacity 40,600,000 35,900,000 3o,o00po0 zs,000,000 zo,000,000 Is,000,00a - 5.600,060 $ $ ry ry •Max Debt service -0 %of Revenues 11 Debt Service ry ry ry ry '3 Cash Contributions 30,000,000 lPEliodicGf�r9➢21up, Tlat Ap 25,000,000 • Private contrrunnns 20,000,000 • Interest Earnings. is,000,poo 10,WO,000 000,poo 2 Project Funding 40,00go0o 30,000,000 zo,000,000 10,000,000 Lo I .._ 1 "s "s s s ry ry 11 Cash Wnded co lomrmm 11 for Funded Const—brum ry N ry n GF Contribution to FFP Compared to Debt Service ;25.0001000 ;20,000,000 ;1s oW,go. 1� - ;S, oO.M G I� alalLYJ _ $s.006.060 $0 r n r n n r r n r n r n n$$$ • GF Contribution to FFP •oebt5ervice Debt Service as % of GF Revenues 1000% 900% 0.00% 7.00% 600% 5.00% 4.00% 30 % 2.00% 0 1 1 1 oNoN�� �- - -- S00% D.00% gs ry p p ry ry •Debt Service as %ol Revenues ry ry ry ry ry N 8 May 26, 2015 5S/26/2015 tart smrt Item N0. SS2 Est. Project Data Date poonto Pmi.ml trio m"i"I 111- 1 ... nienl Marina Park 39,500,000 2011 2014 Bonita Creek - Artificial Turf 2,000,000 2014 2015 FS2 -Lido 6,250,000 2015 2016 F55 -CDM & Ubrar 6,757,500 2015 2016 FS6 - Mariners (apparatus bay only) 1,200,000 2015 2016 Sunset View Park w /Ped Bridges& Dog Park 10,450,000 2016 2018 West Newport Com m Ctr(ind pool) 25,000,000 2015 2018 Uplitles /Corporate Yard Merge- Phase( 4,000,000 2018 2020 FS1- Peninsula &Library 6,252,500 2012 2020 FS3 -Santa Barbara 4,382,500 2022 2025 Police Station atCor orate yard 48,000,000 2022 2025 Total 154,802,500 Scenario Highlights 2016 2018 Marina Park Completion Sunset View Park w /Ped Bridges & Dog Park Bonita Creek - Artificial Turf West Newport Comm Ctr(ind pool) FS 2- Lido FS 5 - CDM & Library FS 6 - Mariners (apparatus bay only( 2020 2025 Utilities /Corporate Yard Merge- Phase( FS 3 -Santa Barbara FS 1 - Peninsula & Library Police Station at Corporate Yard FS -Santa Barbara Council Debt Ml Polity(F -0) Key Metric Target Debt Svc as %of Revenues NA <8.0% Minimum FFP Reserve Balance (000's) $ 8_194 1 NA Key Statistics GF Contribution to FFP (000's) Debt Service (000's) GF Contri Lotions to FFP as %Rev Debt Svc as %of Revenues FFP Balance {000'5) Project Balance (000's) Key StomAtc5 GF Contribution to FFP (000'5) Debt Service (000'5) GF Contributions to FFP as% Rev Debt Svc as %of Revenues FFP Reserve Balance(000's) Project Balance 8,000 14,080 11,382 2,443 8,194 2,706 4.43% 5.0% 4.9% 2.61 4.6% 37% $ 11,601 ®S 44,654 $ 27,137 $ 0 $ 4,805 $ 828 CW8241 14,43) 4 6,804 % 5.0% 2.6% 6 $ )0,506 5 $ 824 socal to 1 30 Remaining Debt Capacity (got. S-C or = Sys of GF Rev): $ 95,394,437 I ofd 35,000.oC-0 311000,000 25,000,000 20,000.000 15,RW,p 9 10,WO,lIWW � •tt_ g 8 S 8 FFP Reserve Balance 3oo,iwo,000 250,000,680 zoo,000o0b 150,000,000 100,BW,pd6 so,00a,0oo GF Contribution to FFP as a Percent of GF Revenue 1o.00% g00% 0.00% 2,00% g 00% 500% 400% 300% _ IN h hit, I III z _ _ _ _ _ _ _ -____- I - - - 11 GF COntriapkm %Budget •Debt Service - as %of Revenues N ty ry Debt Service Capacity 40,600,000 35,900,000 3o,o00po0 zs,000,000 zo,000,000 Is,000,00a - 5.600,060 $ $ ry ry •Max Debt service -0 %of Revenues 11 Debt Service ry ry ry ry '3 Cash Contributions 30,000,000 lPEliodicGf�r9➢21up, Tlat Ap 25,000,000 • Private contrrunnns 20,000,000 • Interest Earnings. is,000,poo 10,WO,000 000,poo 2 Project Funding 40,00go0o 30,000,000 zo,000,000 10,000,000 Lo I .._ 1 "s "s s s ry ry 11 Cash Wnded co lomrmm 11 for Funded Const—brum ry N ry n GF Contribution to FFP Compared to Debt Service ;25.0001000 ;20,000,000 ;1s oW,go. 1� - ;S, oO.M G I� alalLYJ _ $s.006.060 $0 r n r n n r r n r n r n n$$$ • GF Contribution to FFP •oebt5ervice Debt Service as % of GF Revenues 1000% 900% 0.00% 7.00% 600% 5.00% 4.00% 30 % 2.00% 0 1 1 1 oNoN�� �- - -- S00% D.00% gs ry p p ry ry •Debt Service as %ol Revenues ry ry ry ry ry N 8 May 26, 2015 5S/26/2015 tart smrt Item N0. SS2 Est. Project Data Date poonto Pmi.ml trio m"i"I 111- 1 ... nienl Marina Park 39,500,000 2011 2014 Bonita Creek - Artificial Turf 2,000,000 2014 2015 FS2 -Lido 6,250,000 2015 2016 F55 -CDM & Ubrar 6,757,500 2015 2016 FS6 - Mariners (apparatus bay only) 1,200,000 2015 2016 Sunset View Park w /Ped Bridges& Dog Park 10,450,000 2016 2018 West Newport Com m Ctr(ind pool) 25,000,000 2015 2018 Uplitles /Corporate Yard Merge- Phase( 4,000,000 2018 2020 FS1- Peninsula &Library 6,252,500 2012 2020 FS3 -Santa Barbara 4,382,500 2022 2025 Police Station atCor orate yard 48,000,000 2022 2025 Total 154,802,500 Scenario Highlights 2016 2018 Marina Park Completion Sunset View Park w /Ped Bridges & Dog Park Bonita Creek - Artificial Turf West Newport Comm Ctr(ind pool) FS 2- Lido FS 5 - CDM & Library FS 6 - Mariners (apparatus bay only( 2020 2025 Utilities /Corporate Yard Merge- Phase( FS 3 -Santa Barbara FS 1 - Peninsula & Library Police Station at Corporate Yard FS -Santa Barbara Council Debt Ml Polity(F -0) Key Metric Target Debt Svc as %of Revenues NA <8.0% Minimum FFP Reserve Balance (000's) $ 8_194 1 NA Key Statistics GF Contribution to FFP (000's) Debt Service (000's) GF Contri Lotions to FFP as %Rev Debt Svc as %of Revenues FFP Balance {000'5) Project Balance (000's) Key StomAtc5 GF Contribution to FFP (000'5) Debt Service (000'5) GF Contributions to FFP as% Rev Debt Svc as %of Revenues FFP Reserve Balance(000's) Project Balance 8,000 14,080 11,382 2,443 8,194 2,706 4.43% 5.0% 4.9% 2.61 4.6% 37% $ 11,601 ®S 44,654 $ 27,137 $ 0 $ 4,805 $ 828 CW8241 14,43) 4 6,804 % 5.0% 2.6% 6 $ )0,506 5 $ 824 socal to 1 30 Remaining Debt Capacity (got. S-C or = Sys of GF Rev): $ 95,394,437 I ofd 2 Project Funding 40,00go0o 30,000,000 zo,000,000 10,000,000 Lo I .._ 1 "s "s s s ry ry 11 Cash Wnded co lomrmm 11 for Funded Const—brum ry N ry n GF Contribution to FFP Compared to Debt Service ;25.0001000 ;20,000,000 ;1s oW,go. 1� - ;S, oO.M G I� alalLYJ _ $s.006.060 $0 r n r n n r r n r n r n n$$$ • GF Contribution to FFP •oebt5ervice Debt Service as % of GF Revenues 1000% 900% 0.00% 7.00% 600% 5.00% 4.00% 30 % 2.00% 0 1 1 1 oNoN�� �- - -- S00% D.00% gs ry p p ry ry •Debt Service as %ol Revenues ry ry ry ry ry N 8 May 26, 2015 5S/26/2015 tart smrt Item N0. SS2 Est. Project Data Date poonto Pmi.ml trio m"i"I 111- 1 ... nienl Marina Park 39,500,000 2011 2014 Bonita Creek - Artificial Turf 2,000,000 2014 2015 FS2 -Lido 6,250,000 2015 2016 F55 -CDM & Ubrar 6,757,500 2015 2016 FS6 - Mariners (apparatus bay only) 1,200,000 2015 2016 Sunset View Park w /Ped Bridges& Dog Park 10,450,000 2016 2018 West Newport Com m Ctr(ind pool) 25,000,000 2015 2018 Uplitles /Corporate Yard Merge- Phase( 4,000,000 2018 2020 FS1- Peninsula &Library 6,252,500 2012 2020 FS3 -Santa Barbara 4,382,500 2022 2025 Police Station atCor orate yard 48,000,000 2022 2025 Total 154,802,500 Scenario Highlights 2016 2018 Marina Park Completion Sunset View Park w /Ped Bridges & Dog Park Bonita Creek - Artificial Turf West Newport Comm Ctr(ind pool) FS 2- Lido FS 5 - CDM & Library FS 6 - Mariners (apparatus bay only( 2020 2025 Utilities /Corporate Yard Merge- Phase( FS 3 -Santa Barbara FS 1 - Peninsula & Library Police Station at Corporate Yard FS -Santa Barbara Council Debt Ml Polity(F -0) Key Metric Target Debt Svc as %of Revenues NA <8.0% Minimum FFP Reserve Balance (000's) $ 8_194 1 NA Key Statistics GF Contribution to FFP (000's) Debt Service (000's) GF Contri Lotions to FFP as %Rev Debt Svc as %of Revenues FFP Balance {000'5) Project Balance (000's) Key StomAtc5 GF Contribution to FFP (000'5) Debt Service (000'5) GF Contributions to FFP as% Rev Debt Svc as %of Revenues FFP Reserve Balance(000's) Project Balance 8,000 14,080 11,382 2,443 8,194 2,706 4.43% 5.0% 4.9% 2.61 4.6% 37% $ 11,601 ®S 44,654 $ 27,137 $ 0 $ 4,805 $ 828 CW8241 14,43) 4 6,804 % 5.0% 2.6% 6 $ )0,506 5 $ 824 socal to 1 30 Remaining Debt Capacity (got. S-C or = Sys of GF Rev): $ 95,394,437 I ofd May 26, 2015 5S/26/2015 tart smrt Item N0. SS2 Est. Project Data Date poonto Pmi.ml trio m"i"I 111- 1 ... nienl Marina Park 39,500,000 2011 2014 Bonita Creek - Artificial Turf 2,000,000 2014 2015 FS2 -Lido 6,250,000 2015 2016 F55 -CDM & Ubrar 6,757,500 2015 2016 FS6 - Mariners (apparatus bay only) 1,200,000 2015 2016 Sunset View Park w /Ped Bridges& Dog Park 10,450,000 2016 2018 West Newport Com m Ctr(ind pool) 25,000,000 2015 2018 Uplitles /Corporate Yard Merge- Phase( 4,000,000 2018 2020 FS1- Peninsula &Library 6,252,500 2012 2020 FS3 -Santa Barbara 4,382,500 2022 2025 Police Station atCor orate yard 48,000,000 2022 2025 Total 154,802,500 Scenario Highlights 2016 2018 Marina Park Completion Sunset View Park w /Ped Bridges & Dog Park Bonita Creek - Artificial Turf West Newport Comm Ctr(ind pool) FS 2- Lido FS 5 - CDM & Library FS 6 - Mariners (apparatus bay only( 2020 2025 Utilities /Corporate Yard Merge- Phase( FS 3 -Santa Barbara FS 1 - Peninsula & Library Police Station at Corporate Yard FS -Santa Barbara Council Debt Ml Polity(F -0) Key Metric Target Debt Svc as %of Revenues NA <8.0% Minimum FFP Reserve Balance (000's) $ 8_194 1 NA Key Statistics GF Contribution to FFP (000's) Debt Service (000's) GF Contri Lotions to FFP as %Rev Debt Svc as %of Revenues FFP Balance {000'5) Project Balance (000's) Key StomAtc5 GF Contribution to FFP (000'5) Debt Service (000'5) GF Contributions to FFP as% Rev Debt Svc as %of Revenues FFP Reserve Balance(000's) Project Balance 8,000 14,080 11,382 2,443 8,194 2,706 4.43% 5.0% 4.9% 2.61 4.6% 37% $ 11,601 ®S 44,654 $ 27,137 $ 0 $ 4,805 $ 828 CW8241 14,43) 4 6,804 % 5.0% 2.6% 6 $ )0,506 5 $ 824 socal to 1 30 Remaining Debt Capacity (got. S-C or = Sys of GF Rev): $ 95,394,437 I ofd Total 154,802,500 Scenario Highlights 2016 2018 Marina Park Completion Sunset View Park w /Ped Bridges & Dog Park Bonita Creek - Artificial Turf West Newport Comm Ctr(ind pool) FS 2- Lido FS 5 - CDM & Library FS 6 - Mariners (apparatus bay only( 2020 2025 Utilities /Corporate Yard Merge- Phase( FS 3 -Santa Barbara FS 1 - Peninsula & Library Police Station at Corporate Yard FS -Santa Barbara Council Debt Ml Polity(F -0) Key Metric Target Debt Svc as %of Revenues NA <8.0% Minimum FFP Reserve Balance (000's) $ 8_194 1 NA Key Statistics GF Contribution to FFP (000's) Debt Service (000's) GF Contri Lotions to FFP as %Rev Debt Svc as %of Revenues FFP Balance {000'5) Project Balance (000's) Key StomAtc5 GF Contribution to FFP (000'5) Debt Service (000'5) GF Contributions to FFP as% Rev Debt Svc as %of Revenues FFP Reserve Balance(000's) Project Balance 8,000 14,080 11,382 2,443 8,194 2,706 4.43% 5.0% 4.9% 2.61 4.6% 37% $ 11,601 ®S 44,654 $ 27,137 $ 0 $ 4,805 $ 828 CW8241 14,43) 4 6,804 % 5.0% 2.6% 6 $ )0,506 5 $ 824 socal to 1 30 Remaining Debt Capacity (got. S-C or = Sys of GF Rev): $ 95,394,437 I ofd CW8241 14,43) 4 6,804 % 5.0% 2.6% 6 $ )0,506 5 $ 824 socal to 1 30 Remaining Debt Capacity (got. S-C or = Sys of GF Rev): $ 95,394,437 I ofd socal to 1 30 Remaining Debt Capacity (got. S-C or = Sys of GF Rev): $ 95,394,437 I ofd Remaining Debt Capacity (got. S-C or = Sys of GF Rev): $ 95,394,437 I ofd FY FY FV Net YR Current Repl Est$ Current Age: Useful Years to Cost Est. Project Design Start Const Start Cost Est ga Private Proposed Function ProiM Built Se Ft Se Ft /So FL 2 Life Start Bale Estimate Year Year 2.5% Growth Cnntribllnns Cos, Gen Gov Civic Center 2013 100,000 100,000 675 3 60 57 bm -13 67,500,000 2070 2073 - Gen Gov Council Chambers 2013 29,000 29,000 675 3 60 57 luri 19,575,000 2070 2073 - Gen Gov Civic Center Parking Structure 2013 450 450 16,000 3 60 57 Ji 7,200,000 2070 2073 Police Police Station at Corporate Yard 1973 48,000 60,000 800 43 50 9 N/A 48,000,000 2022 2025 59,945,423 59,945,423 Municipal Operations Utillties /Corporate Yard Merge- Phase 1 138,185 " 50 4 May -12 4,00Q000 2018 2020 4,415,252 4,415,252 Municipal Operations Big Canyon Aux. Yard 2015 9,000 9,000 550 1 50 51 May -12 1,400,000 2062 2065 - Fire FS1 -Land Purchase ** 1,500,000 2017 2017 1.,500,000 1,500,000 Fire FS 1- Peninsula &Library 1962 3,423 8,500 795 54 50 4 Mar -14 6,757,500 2017 2020 7,459,016 7,459,016 Fire F52 -Lido 1952 9,953 10,000 675 64 50 0 Mar -14 6,750,000 2015 2016 6,750,000 6,750,000 Fire FS3 -Santa Barbara 1971 13,605 6,500 675 45 50 9 Mar -14 4,387,500 2022 2025 5,479,396 5,479,386 Fire 554 - Balboa Island 1994 4,597 4,400 675 22 50 28 Mar -14 2,970,000 2041 2044 5,929,590 5,929,590 Fire F55 -CDM &Library 1950 2,495 8,500 795 66 50 0 Mar -14 6,757,500 2015 2016 6,757,500 6,757,500 Fire F56- Mariners (apparatus bay only) 1957 2,926 1,500 675 59 50 0 Mar -14 1,200,000 2015 2016 1,200,000 1,200,000 Fire FS7 -SAH 2007 11,027 6,500 675 9 50 41 Mar 14 4,387,500 2054 2057 12,075,236 12,075,236 Fire F58 -Npt. Coast 1995 11,027 11,027 675 21 50 29 Mar -14 7,443,225 2042 2045 15,231,871 15,231,871 Fire Ufeguatd HQ Replacement 6,167 7,725 675 25 48 Mar -14 5,214,375 2061 2064 17,058,773 17,058,773 Library Library- Balboa (See F51 Above) 1962 5,566 2,500 550 54 50 46 lan-12 - 2059 2062 - - Library Library -CDM (See F55 Above) 1958 4,323 2,500 550 58 50 46 Jan -12 - 2059 2062 - - Library Library- Mariners 2006 15,305 15,305 550 30 50 40 Ian -12 6,845,355 2053 2056 18,380,215 18,380,215 Library Library- Central 1997 50,930 65,000 550 19 50 36 Jan -12 35,750,000 2049 2052 86,963,138 86,963,138 Per Facility Marina Park 2015 22,000 550 1 50 -2 Ian -12 39,500,000 2011 2014 37,500,000 37,500,000 Be. Facility Newport Coast Ctr 2007 16,865 16,865 550 9 50 41 Ian -12 9,275,750 2054 2057 25,528,630 25,528,630 Rec Facility Newport Theatre Arts Center 1973 8,042 12,000 550 43 50 14 Ian -12 6,600,000 2027 2030 9,325,627 4,662,814 4,662,814 Rec Facility OASIS Sr. Ctr 2010 36,467 43,232 550 6 60 44 Jan -12 23,777,600 2057 2060 70,472,243 70,472,243 Rec Facility Sunset Ridge 2014 *' NA 2 ve -2 Jan -12 7,688,000 2014 2014 7,688,000 7,688,000 Rec Facility Sunset View Park w /Ped Bridges &Dog Park 0 "* NA ** ee 2 Mar -14 10,450,000 2016 2018 10,979,031 5,000,000 5,979,031 Rec Facility West Newport Comm Ctr hind pool) 2017 11,980 25,000 550 -1 50 2 Jan -12 25,000,000 2015 2018 26,265,625 26,265,625 Rec Facility Bonita Creek - Artificial TUrt 2015 160,000 NA 12 1 15 -1 Jan -12 2,000,000 2014 2015 1,951,220 1,951,220 Rec Facility Community Yemb Center(CYC) - Grant HOwald 1988 5,146 5,146 550 28 50 16 lan -12 2,830,300 2029 2032 4,201,596 4,201,596 Be. Facility Caroll Beek Center 1980 1,555 1,555 550 36 50 17 lan-12 855,250 2030 2033 1,301,364 1,301,364. Rec Facility Bonita Creek Community Cm. 1988 2,876 2,976 550 28 50 22 Jab-12 1,581,800 2035 2038 2,723,182 2,723,182 Rec Facility Cliff Drive Community ROOM 1960 750 750 550 56 50 20 lab -12 412,500 2033 2036 675,929 675,929 Rec Facility Girls & Boys Club (East Bluff Park) 1965 11,800 11,800 550 51 50 4 Jan -12 6,490,000 2017 2020 7,163,746 7,163,746 - Rec Facility lawn Bowling Facility (San Joaquin Hills Park) 1974 2,750 2,750 550 42 50 23 Mar -14 1,512,500 2036 2039 2,668,974 2,668,974 382,119,854 461,898,764 445,072,205 2 of 3 of tints 2116 2017 2018 2019 2020 20211 2(1 2013 2024 202S 2016 AFFORDABILITY General Fund Revenues 184000,000 191,750,000 197,502,500 203,42],5]5 209,530,402 215,816,314 222,2901 228,959,528 235;828,314 242,903,153 250,194]58 257,695,966 Growth Ananclalon 3.2096 6153% 300% 3.00% 30096 3.00% 3.00% 300% 3.00% 3.00% 300% 3.00% BE Annual Contribution% 4.M% 4.43% 500% 500% 5.00% 300% 5.00% 5.00% 5.00% 5.00% 5.0096 SOD% Debt Service a5 %of GF Revenues 4.55% 4.26% 405% 393% 381% 3.59% 33B% 3.28% 3.18% 3.08% 298% 2.89% Beginning FFP Balance 11,606,070 44,654,402 32,801,816 2],3]5,060 26,039]18 28,81 20,801,044 20,435,097 22,1]$1]0 22,50AM4 33,378,954 37,036,694 Sources Annual GI Contributions B4OW,WO 8,504000 9,875,125 10,171,379 10,476,520 10,790,816 11,114,540 11,44],4/6 11,791,416 12,145,158 12,509,513 12,884,798 Periodic BE or One -time transfers Private Contributions 34,166,741 6,352,989 4,128912 364,723 15,996,218 551,701 634,378 651,018 BEE939 683,846 5,301,238 19,378,269 Interest Earnings 81 558,180 493,227 479,078 536,794 577,187 416,021 408,702 442,383 550,081 667,579 756,734 Total Sources: 42,253,787 15,411,169 141 11,015,180 27,009,532 11,919;704 12,164,939 12,507,697 12,900,738 13,379,085 18,478,33D 33,D19,801 Use Debt Service (8194,455) (8,172,755) (7,994221) (7,990,321) (7,978,881) (7,967,030) (7,519,886) (7,511,985) (71504864) (7.493,3751 (7,459,589) (7,457,662) Other Fiscal Charges (11,NO) (11,000) (11,DOO) (11,4027) (11,ODD) 111,800) (11,000) 111,0001 (11,000) 111,2700) (11,000) (11,000) Les Cash Pi Funding LOW,WO) (19,00D,ODO) 12,004000) (3,554WD) (17,C04OPo) (12,000,000) (5,OO.oW) (3,300,640) (6,554000) (36,a00,o80) Total Uses. (9,205,455) (27,183,755) (20,001,2217 (11,551,321) (24,989,881) (19,978,030) (12530,886) (10,823,6241 ,4,515,864) (7,504,1751 (14,020,589) (43,468662) PROJECT Projected FFP Balance SOURCES 44,654,402 49 32,881,816 0 27,375,80 41 26,839,716 49 281 40 ZOAL M 0 20,435,037 0 22,119,130 27,504,64 33,370,954 37,836,694 2],38],833 Beginning Balance 21,091,028 1,212,265 1,457,396 4,805,344 903,254 766,596 2,386,201 855,354 0 0 0 7,519 CASH FUNDING FROM FFP L'OODW0 19,008000 ]2,400,000 3,554000 17,008000 12,000,000 S,COO,OW 3,380,640 6,550,000 REGIME. Ltl PRIVATE CONTRIBUTIONS - - - - - - - - - - - - DESTFUNDING - W10 Civic CenterCOPS TOTAL DEBT FUNDING - - - - - - - - - - - Interest an Debt Proceeds TOTAL PROJECT RESOURCES Camsecon 23,091,028 20,212,265 13,457,395 8,355,344 17,903,254 Q 12,766,596 Q 7,386,201 4,155,993 Do 04 6,550,OW 41 36,007,519 PERECT Fire USES F51- Peninsula & Library I.. 2020 2015 - 2016 2017 - 2018 - 2019 - 2020 (71 2C211 (4,102,459) 20'2 (2,610,6551 20B - 2024 - 202S - 2016 - Fire F52 -Ud0 2016 (250,000) (675DDa) (3,712,500) (2,112$00) - - - - - - - - Fire RE3 -Santa Barbara 2025 - - - - - - - - - - (547,939) (3,013,662) Fire F54 - Balboa Island 304 - - - - - - - - - - - - Fire RE5 -OEM & Library 2016 - (6]5,]50) (3,715,6251 (2,365,125) - - - - - - - Fine ESE Mariners Udpardtus bay only) 2016 - (660,000) (544000) Fire FS 7 San 2057 - - - - - Fire PER Not. Coast 2045 Fire Lifeguard HO Remodel 2054 (260,055) - - - - - - File Newport Jr. Guard Building 2023 Library Library Mariners 2056 - - - Ubrary Ubnry Central 2052 - - - - - - MOD UtAlLes7COrporate Yard Merge 2020 (4145) (2,428,388) 11,545,33131 - MOD Big Canyon Aux Yard 2065 (1,400,000) - - - - - - - - - - - Police Police Station @Current Cite. 2025 - - - - - - - - - 15,994,5421 132,961 Rec Marina Park 2014 (]$594000) (]5,674948) - - - - - - - - - - Rec Newport Coast Ctr 2057 - - - - - - Rec Newport Tbearter ADP Center DUST - - - - - - - - - - Bee OASIS SC Con 2060 - - - - - - - Ron Sunset Ridge 2014 (2,663,946) Rec Sure. Vie. Park 2018 - - - (597,903) (2,690,564) - - - - - - - Ron West Newport Comm Ctr(incl pool) 2018 (254000) - - (2,376 ,563) (14,"6,094) (9192,969) - - - - - - Rec Petles[ria Plinge at SUpenor7PCH 2018 - - - - - - - - - - - - Rec Parking Structure at SUperlorfPCH 2019 - - - - - - - - - - - - Rec Bonita Creek- Ani @ialTUH 2015 (195,122) (1,073,171) (682,927) - - - - - - - - - Rec Carol Book Center 2033 - - - - - - - - - - - - Rec Bonita Creek Community Cit. 2038 - - - - - - - - - - - Rec Cliff D"eCOmmuNty Room 2036 - - - - - - - - - - - - Rec Glds & Be,, Club(Eall Bluff Park) 2020 - - - TOTALPROIECTE %PENDITURES (20,871 (18,754,869) (8,652,0521 (7,452,091) (17,136,658) (10,380,395) (6,530,847) (4,155,994) - - (6$42,481) (3$983,645) ENDING BALANCE OF PROJECT RESOURCES - 1,214265 1,457,396 4,805.3" , 903,254 766,596 40 2,388201 • 855,354 41 0 45 D 40 00 Dials 0 23,874 3 of Sources and Uses Proforma r , �021 lu �,`28 15 2.29 lu 2L3L 17 2031 is 2M2 19 1.3P 1. 20M 21 2L31 11 2LP6 11 2U3 7 24 2L38 AFFORDABILITY General Fund Revenues 265,426,845 273,30,650 281,591,340 290,039,= 298,740,252 30],]02,460 315,395,021 323,229,897 331,361,894 339,645,941 348,13],090 356,840,517 Growth Assumption 3.00% 100% 3.00% 3.0096 3.00% 3,00% 2.50% 2.5016 250% 250% 2.50% 2.50% GF Annual Contribution% 500% 40 5.00% SOORE S.W% 5.00% 5.00% 5.00% 5.00% 30G% 5.00% 5.00% 5,03% Der, Service as %of GF Revenues 2.81% 40 2.72% 2.64% 156% 2.48% 2.41% 2.35% 229% 223% 2.1]% 2.11% 2.00% Beginning FFP Balance 2],38],833 11,600,832 18,790,903 28,5]5,19] 34,955,811 44,310,820 52,343,282 59,961 69,168,82] 79,617,748 91,800,648 1061 Sou Annual GF Contributions 13,271,342 13,669,483 14,D29,567 14,501,954 14,931,013 15,385,123 151 16,163,995 16$fi8o95 16,982,297 17,406,055 17,842,026 Periodic OF or One -time transfers Private Contributions 737,370 756,155 ,05,437 795,230 1,152,167 1,183,121 1,214,931 1,247,622 890,355 995,113 1,024,966 1,055,715 Interest Earnings 54],]9 232,017 325,960 531,504 699,116 886,216 1,046,866 1,199,200 1,383,3]] 1,592,355 1,835,013 2,093,899 Total Sources: 14,556,469 14,657,654 15,230,964 15,828,682 16,288,295 17,454,460 18,031,548 18;610,812 18,841,826 19,569,265 20,262,834 20,991,640 Use Debt Service (7,457,661) (7,449.4831 (7,442,221) (7.432,0231 (2,422,286) (7.410,998) R03.8221 (2,390,993) (7.381,905) (7,325,865) (7,362,532) (7,356,134) Other Fiscal Charges (11,WO) (11,OW) (11,000) 111,6017) (11,WO) ()),0017) (11,00) (11'awl (11,OW) (11,0017) 11'aw) (11,17001 Less: Cash Prof Fuming (22,824,809) (2,0001 (3,WO.OW1 Go00,oW7 (LODoi Total Uses. (30, 343, 420) (7,460,483) (7,453,n1) (7,448,423) (7,433,286) (9,421,998) (10,414,82]) (9,401,993) 18,392,905) (7,386,855) (7,323,532) ,4,36],1341 PROJECT Protected FFP Balance SOURCES 11,61 40 18,798,003 0 26,5]5,39] 0 34,955,811 0 44,310,121 52,343,282 59,960,003 69,168,827 119,617,743 91,81 104,694,950 118,319,455 Beginning Balance 23,974 a 0 508000 3,008000 435,452 383,308 942,293 755,984 1,300,507 1,232,914 861,153 CASH FUNDING FROM PER 22,824,809 2,001 3,008000 2,WO,OW "nor 00 PRIVATE CONTRIBUTIONS - - - - - - - - - - - - DESTHURLING W10 CIWC Center COPS TOTAL DEBT FUNDING - - - - - - - - - - Interest an Debt Proceeds TOTAL PROTECT RESOURCES Couresum 2;898,683 00 0 49 500,000 0 3,000,00 i 2,435,452 0 3,383,308 0 2,942,293 1,755,984 49 1,300,507 1,232,914 W 863,153 PROIECT Fire USES F51- Peninsula & ubrary I.. 2020 2027 - 2L28 - 2009 - 2030 - 203T - 2M - 1.3P - 20M - 2035 - 2036 - 2D37 - 208 - Nre F52 -Ud4 2016 - - - - - - - - - - - - Fire RE3 -Santa Barbara 2025 (1,917,765) - - - - - - - - - - - Nre F54 - Balboa Island 2044 - - - - - - - - - - - - Fire RE5 -CUM in Library 2016 - - - - - - - - - - - - Fire ESE Madners lapParatus bay only) 2016 - - - - - - - Fire FS 7 San 209 - - - - Fee PER Not. Coast 2Da5 - - - - - - - Fire Lifeguard HOT Remodel 2064 - - - - Fire Newport Jr. Guard Building 2023 - - - - - - - - - Library Library Mariners 2056 - - - - - Uldrary Library Central 2052 - - - - - - - - - MOD Utilibes/COrpomte Yard Merge 2020 - - - - - - MOO Big Canyon Aux Yard 2065 - - - - - - - - - - - Pollce Police Station @Current Cite. 2025 (20,980,898) - - - - - - - - - - Rec Marina Park 2014 - - - - - - - - - - - - Rec Newport Coast Our 2057 - - - - - - Rec Newport Tbenter Attx center 2030 - - - (466,2811 (2;564,547) (1,631 ,9851 - - - - Fee OASIS SC Ctt 2060 - - - - - - Ron Sunset Ridge 2014 Rec Sure. Vie. Park 2018 - - - - - - - - - - - - flx West Newport Comm Our (ivol POOI) 2018 - - - - Rec Petles[rian Plinge at SUperior/PCH 2018 - - - - - - - - - - - - Rec Parking Structure at 5uponODPCH 2019 - - - - - - - - - - - - Rec Bonita Creek-Alnii iel Tuff 2015 - - - - - - - - - - - Rec Cam110eek Center 2033 - - - - - - (130,136) (715,250) (455,422) - - - Roe Bonita Creek Community Cit. 2038 - - - - - - - - - - (2]2,338) Rise Cliff D"PrOOmmuNty Room 2036 - - - - - - - - - (62,593) (321,761) (236,951 Rec Glds & Boys Club)Eall Bluff Park) 2023 - TOTALPROJECTE %PENDITURES (22,898,633) - 1466,281) (2,5W,54J) (2,052,144) (2,441,014) (2,186,30) (455,4nf (67,5931 (3]1,]61) (508,893) ENDING BALANCE OF PROTECT RESOURCES Q 0 (i 00 0 e 33,719 ) 435,452 Q 383,308 (� 942,293 755,984 Q 1,300,507 1,232$14 861,153 352,260 4of4