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REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br /> <br />May 8, 2017 <br /> <br />SUBJECT <br />Five Year Capital Improvement Program (CIP) Study Session <br /> <br />RECOMMENDATION <br />Receive information on the Proposed Five Year CIP, covering Fiscal Years 2017-18 <br />through 2021-22, and provide feedback to staff on the same <br /> <br />BACKGROUND <br />The Capital Improvement Program is a valuable resource to achieving the City Council’s <br />strategic priorities. In recent years, City Council has reviewed a proposed CIP budget <br />for the upcoming fiscal year in the spring, and approved a recommended CIP budget <br />during the City Council budget sessions in June. This year, staff recommends a Five <br />Year CIP and seeks City Council feedback and approval on the proposed plan. The <br />Five Year CIP includes (1) the proposed capital budget for FY 2017-18, which is <br />scheduled to be adopted with the FY 2017-18 operating budget, and (2) planned project <br />needs for FY 2018-19 through FY 2021-22. <br /> <br />Funding for capital projects typically derives from many sources, with the Utility Users <br />Tax being a general revenue source that can be utilized for all capital improvement <br />projects. Dedicated revenue sources include park impact fees, water and sewer <br />enterprise funds and Measure A and Gas Tax revenues. Over the next five years, these <br />sources are expected to contribute approximately $143 million in revenues. The table <br />below shows the fund balances from the available revenue sources and the anticipated <br />revenue for FY 2017-18. <br /> <br /> <br />Fund Allowed Use Unallocated <br />Balance <br />FY 2017-18 Est. <br />Revenue <br />Utility Users Tax All CIP $335,858 $9,000,000 <br />Park Impact Fees Park related <br />enhancements <br />$12,282,581 $2,275,000 <br />Parking In-Lieu Fees Parking Improvements $5,342,762 $0 <br />9.A - Page 1