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

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Departments continue to make progress on expenditures (including encumbrances) totaling $34 million as of the end of March 2018. In FY 2016-17, the total CIP expenditure (including encumbrances) was million. Annual CIP expenditures are a function of project size, project phase, and staff resource availability. While City Council has provided ample funding for projects over the years, the ability to execute and deliver projects in a cost effective and timely man dependent on the available staff resources. Based on past history, our current staff resources generally will allow us to manage an annual CIP project load of up to $40 million. Threats to Existing Capital Revenues and In light of the substantial gap proposed five year CIP, staff will continue to research potential Whenever possible, staff applies projects across multiple funding sources. that passed last year, increased gas taxes to pay for local road maintenance as well as regional transportation infrastructure and public transit. The City w for local road maintenance projects this year. This jeopardy, however, due to efforts to repeal the tax. Additionally, capital funding generated from the Utility Users Tax is stagnant Departments continue to make progress on a wide range of CIP projects, with expenditures (including encumbrances) totaling $34 million as of the end of March 17, the total CIP expenditure (including encumbrances) was nnual CIP expenditures are a function of project size, project phase, and staff resource availability. While City Council has provided ample funding for projects over the years, the ability to execute and deliver projects in a cost effective and timely man dependent on the available staff resources. Based on past history, our current staff resources generally will allow us to manage an annual CIP project load of up to $40 Threats to Existing Capital Revenues and Potential New Revenue Options In light of the substantial gap between anticipated revenues and project needs in the staff will continue to research potential funding options. Whenever possible, staff applies for grants and state funds to distribute the projects across multiple funding sources. SB 1, the Road Repair and Accountability last year, increased gas taxes to pay for local road maintenance as well as regional transportation infrastructure and public transit. The City will receive $1.4 million for local road maintenance projects this year. This important new revenue source is in jeopardy, however, due to efforts to repeal the tax. Additionally, capital funding generated from the Utility Users Tax is stagnant while capital project costs are wide range of CIP projects, with expenditures (including encumbrances) totaling $34 million as of the end of March 17, the total CIP expenditure (including encumbrances) was $31.4 nnual CIP expenditures are a function of project size, project phase, and staff resource availability. While City Council has provided ample funding for projects over the years, the ability to execute and deliver projects in a cost effective and timely manner is also dependent on the available staff resources. Based on past history, our current staff resources generally will allow us to manage an annual CIP project load of up to $40 Options between anticipated revenues and project needs in the funding options. to distribute the cost of CIP SB 1, the Road Repair and Accountability Act last year, increased gas taxes to pay for local road maintenance as well as ill receive $1.4 million revenue source is in jeopardy, however, due to efforts to repeal the tax. Additionally, capital funding l project costs are 9.A - Page 11