Page 15 - Moreno Valley Citizen's Guide to the Budget

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

Citizens’Guide | 15