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 total $10.5 million in funding. The General Fund is not a restricted funding source and is the primary operating fund where the City Council exercises discretion in the distribution of tax revenues and resources in establishing funding and service levels for most City programs. There are 77 projects within the CIP funded by various restricted funding sources, totaling $36.7 million. The 15 restricted funding sources include Gas Tax, SB-1, Measure T, Street Improvement Fee, Underground Utility Fee, Development Impact Fees, Storm Water Assessment Fee, Park Quadrant Fees, Successor Agency Funds, Parking Fees, Public Art Fees, Grants, Outside Contributions/Donations, Materials Diversion Fund, and Water Enterprise Fund.
The presentation will focus on the 38 projects funded by the General Fund and provide an overview of the status of the projects and the current fund balances for each of these projects.
FINANCIAL IMPACTS:
There is no financial impact. The presentation is informational.
CEQA:
The Public Works Director has determined that the recommended actions described in this agenda report are not subject to CEQA, pursuant to CEQA Guidelines Section 15060(c).
DOCUMENTS ATTACHED:
ATCH 1 - Capital Improvement Projects
NOTIFICATION:
None