TEN YEAR CIP MEMO - Laserfiche WebLink

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RECENT PDF HISTORY FY 18/19 $ 474,895 FY 17/18 $ 459,925 FY 16/17 $ 730,824 FY 15/16 $ 699,736 FY 14/15 $ 810,854 FY 13/14 $ 551,285 FY 12/13 $ 435,973 FY 11/12 $ 0 FY 10/11 $ 38,045 FY 09/10 $ 4,570 However, the trend of dwindling park dedication fee revenue is expected to continue. Thus, the District must rely more heavily on other types of revenues (such as partnerships, grants, donations, intergovernmental collaboration, and the assessment districts) to support capital improvement projects. In the TEN-YEAR CAPITAL IMPROVEMENT PLAN, a conservative assumption of zero dollars (with the exception of predicted fees from Thousand Oaks Boulevard Specific Plan in Year 2) in future Park Dedication Fees was utilized. Grants In general, the amount of existing park land and household income demographics are factors affecting the competitiveness of District grant applications. Recently, however, the District has been successful in receiving $1,760,000 from the Santa Monica Mountains Conservancy through Prop 1 for Sapwi Trails Community Park, as well as a $2,500,000 grant from the City of Thousand Oaks, also for Sapwi. This 2 -year capital budget does not (with the exception of potential $3,000,000 grant from the City of Thousand Oaks for the expansion and renovation of the Teen Center and renovation of the Goebel Adult Community Center) rely upon any outside agency grants, although staff will continue to seek grant opportunities on the local, state, and federal levels, that may have a reasonable likelihood of success. Assessment District 62-1 (Districtwide) A significant source of both capital funds, as well as funds for operations and maintenance, is the property owner/voter-approved Districtwide Assessment. Since it was approved by the voters in 2001, the Districtwide Assessment has been the largest source of reliable revenue for capital projects. However, as anticipated, as the new capital projects have been completed, the Districtwide Assessment must cover more and more of the operational costs of these new parks and facilities. Thus, of all the funds generated by the Districtwide Assessment, approximately 53% is used for capital (v. 47% for operational). Whereas, in Fiscal Year 2007-08, approximately 60% was used for capital and 40% for operational.