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TO: Charles P. Balczun County Administrator DATE: March 24, 1988 DIVISION HEADS CONCURRENCE: Robert M. Keating, AICP IN K Community Development DirecJBJECT: James W. Davis, P.E. Public Works Director THROUGH: Gary Schindler FR011iief, Long -Range Planning Cheri J. Boudreaux c FILE: FIVE-YEAR (FYS 1987- 1991) TRANSPORTATION CAPITAL IMPROVEMENTS PROGRAM REFERENCES: Staff Planner, Long -Range Planning It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at their regular meeting of April 12, 1988. DESCRIPTION & CONDITIONS The Planning and Public Works Departments have jointly prepared a Five -Year Transportation Capital Improvements PEO -gram (TCIP) for fiscal years 1987 through 1991. The proposed plan is a short-term implementation of the County's 20 -Year Transportation Capital Improvement Program. This 5 -Year plan is a revibisp to the existing 2 -Year program (FYS 87-89) approved in February of 1987. One objective of the proposed 5 -Year TCIP is to identify the estimated costs and the anticipated revenues for transportation capital improvements within the above mentioned five-year period. Another objective of the proposed 5 -Year TCIP is to ensure that traffic/roadway impact fees collected in individual benefit districts are encumbered within six (6) to nine (9) years from the date of receipt. This is to avoid the ordinance's requirement which mandates the. return of all collected unencumbered fees within the above stated time -frame. The prioritizing of projects using justifiable criteria and methodologies in order to allocate project funds is another objective of the proposed 5 -Year TCIP. On February 10, 1988, the Transportation Planning Committee approved 7-0 the 5 -year TCIP. ALTERNATIVES & ANALYSIS In analyzing the estimated costs and the anticipated revenues for the 5 -Year TCIP, projected local revenues were developed for fiscal years 1987-1991 (see attachment #1). These projections were based on actual County revenues collected in fiscal year 1986-87 and include traffic/roadway impact fees, local option gas tax and state constitutional gas tax revenue. According to these projections of anticipated local revenues and estimated project costs, starting in fiscal year 1989-90, the 5 -Year TCIP indicates a total shortfall, of approximately four and one-half (4z) million dollars. In order to balance costs and revenues, the amount of revenue needs to be increased and/or project expenditures reduced. The proposed 5 -Year TCIP cash flow analysis estimates that traffic/roadway impact fee revenue in all benefit districts, except benefit district No. 3 in Sebastian, will be encumbered through fiscal year 1991-92 (see attachment #2). APR 121988 45 BO 72 EASE 45