To: Honorable Mayor and Members of City Council
From: Julie Lucido, Public Works Director
Prepared By: Julie Lucido, Public Works Director
TITLE:
Title
Capital Improvement Program Funding Overview
LABEL
RECOMMENDED ACTION:
Recommendation
Receive a presentation on the Capital Improvement Program (CIP) projects and current funding levels for projects funded by the City's General Fund.
Body
DISCUSSION:
The purpose of the presentation is to provide information on the current funding levels for projects within the CIP. The presentation will provide an overview of the funding sources for the projects with the primary focus being on those projects funded by the City's General Fund.
The City adopts a 5-year CIP to plan the resources necessary for the acquisition, design, and/or construction of significant City projects. The CIP projects repair or develop community infrastructure or meet community needs, provide facilities to support City operations, and support City Council priorities.
A capital project is considered a one-time expenditure but often the projects take multiple years to deliver and fully fund. Pictures from recent and current CIP projects will be included in the presentations including the Browns Valley Creek Bank Emergency Repair, the First and Second Street Roundabouts, the Main Street Exchange Pedestrian Bridge, Fire Station #5, and the Trower Storm Drain Project.
Funding for the projects within the CIP is approved by Council as part of the 2-year budget, or project funding can be approved by a separate City Council action when funding adjustments are necessary outside the normal budget cycle approval process. The funding source for each CIP project is specified in the budget document or Council action.
There are currently 115 projects totaling $47.2 million within the CIP and these projects are funded through 16 different funding sources. Of the 115 projects, 38 are funded by the City's General Fund and these 38 projects ...
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