WW Project Pages.xlsx - City of Springfield
WW Project Pages.xlsx - City of Springfield
WW Project Pages.xlsx - City of Springfield
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Stormwater Systems Development Improvement Capital <strong>Project</strong>s FundPurpose: To account for construction <strong>of</strong> the growth related portion <strong>of</strong> capacity‐enhancing capitalprojects. Financing is provided by a SDC levied against developing properties.Restrictions: Expenditures <strong>of</strong> Stormwater Improvement SDCs are restricted by state law to capacityenhancingprojects for the stormwater system.Transportation Systems Development Reimbursement Capital <strong>Project</strong>s FundPurpose: To account for available capacity within the existing transportation system that is attributableto growth. Financing is provided by a SDC levied against developing properties.Restrictions: Transportation Reimbursement SDCs are restricted for use on capital maintenance orconstruction on the transportation system.Transportation Systems Development Improvement Capital <strong>Project</strong>s FundPurpose: To account for construction <strong>of</strong> the growth related portion <strong>of</strong> capacity‐enhancing capitalprojects. Financing is provided by a SDC levied against developing properties.Restrictions: Expenditures <strong>of</strong> Transportation Improvement SDCs are restricted by state law to capacityenhancingprojects for the transportation systems.EXTERNAL CONTRIBUTION FUNDSCommunity Development Block Grant (CDBG) FundPurpose: To account for Federal grant revenues received for the primary purpose <strong>of</strong> advancing capitalprojects that primarily benefit low income persons.Restrictions: CDBG funds, including interest earnings, must meet the Federal government criteria <strong>of</strong>benefiting low to moderate income individual’s needs, eliminating slums and blight, and addressingurgent needs.Development <strong>Project</strong>s FundPurpose: To account for county, State and Federal grants awarded to the <strong>City</strong> for the purpose <strong>of</strong>preserving or enhancing <strong>City</strong> facilities. This fund also accounts for funds donated by developers towardthe construction <strong>of</strong> capital projects directly affected by the particular development.Restrictions: Funding is usually project specific and must only be spent towards those capital projectsfor which they were collected.Special Assessments Capital <strong>Project</strong> FundPurpose: To account for the interim financing and related costs <strong>of</strong> construction for public improvementswhich primarily benefit adjacent property owners <strong>of</strong> the subject capital project. Revenues aregenerated through special assessments being levied against the benefiting properties.2012-2016 Capital Improvement Program Page 19
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