AgdaPkt 2018-04-23 Joint SA PFA - Laserfiche WebLink

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REPORT To the Honorable Mayor and City Council From the City Manager April 23, 2018 SUBJECT Fiscal Year 2018-19 and Five Year Capital Improvement Program (CIP) Study Session RECOMMENDATION Receive information on the proposed fiscal year 2018-19 CIP and five year CIP, covering fiscal years 2018-19 through 2022-23, and provide feedback to staff on the same BACKGROUND Overview The Capital Improvement Program is a valuable resource to achieving the City Council’s strategic priorities. Each year, staff present CIP project recommendations for City Council review in spring for adoption with the budget in June. Proposed projects include everything from infrastructure and facility upgrades to major capital investments in the community. Based on City Council direction, projects are prioritized and funding is then allocated for the upcoming fiscal year. Starting with fiscal year (FY) 2017-18, staff also present a five year CIP for City Council review. A five year CIP provides a longer term perspective on needed capital investments and is a fiscal and strategic tool to plan, fund, prioritize and monitor capital investments in the community. Staff have updated the five year CIP covering fiscal years 2018-19 through 2022-23. The five year CIP includes the proposed capital budget for FY 2018-19, which is scheduled to be adopted with the FY 2018-19 operating budget, as well as planned project needs for fiscal years 2019-20 through 2022-23. Funding Funding for capital projects typically is derived from many sources, with the Utility Users Tax (UUT) being a general revenue source that can be utilized for all capital improvement projects. Dedicated revenue sources, which are restricted to specific purposes, include park impact fees, water and sewer enterprise funds and various transportation funds including Measure A and Gas Tax revenues. 9.A - Page 1