Laserfiche WebLink
These sources are expected to contribute approximately $127 million over the next five <br />fiscal years, and approximately $34 million in FY 2018-19. The recommended Five-Year <br />CIP includes 107 projects with an estimated cost of $405 million, excluding FY 2018-19 <br />requests. The recommended FY 2018-19 CIP budget is aligned with anticipated <br />revenue and staffing, and is recommended for budget approval. Subsequent fiscal <br />years in the Five-Year CIP are for planning purposes, with projects beyond FY 2018-19 <br />largely unfunded at this time. No budget approval for future fiscal years is requested at <br />this time. <br /> <br />The table below provides a snapshot of the recommended Five-Year CIP by functional <br />area. <br />Recommended Five-Year CIP (in Millions) <br /> <br />Functional Area Total Est. 5-Year Cost <br />Administration $17.3 <br />Facilities $17.6 <br />Parking $3.6 <br />Parks $40.5 <br />RS Levee/Lagoon $3.7 <br />Sewer $43.2 <br />Stormwater $31.9 <br />Technology $7.0 <br />Transportation $235.6 <br />Water $40.2 <br /> <br /> <br />Successor Agency to the Redevelopment Agency <br /> <br />Included in the FY 2018-19 Recommended Budget is th e budget for the Successor <br />Agency. This budget appears on Fiduciary Funds section, pages 378-379. The budget <br />provides the necessary resources to finance the Successor Agency’s obligations of <br />$3.7 million that will come due in FY 2018-19. The City Council did not modify the <br />recommended Successor Agency budget as submitted. <br /> <br />ALTERNATIVES <br />The City Charter requires that the City Council adopt a budget by resolution. Not <br />adopting a budget would place the City out of compliance with the City Charter. City <br />Council could direct staff to make adjustments to the FY 2018-19 Recommended Budget. <br /> <br />FISCAL IMPACT <br />Adopting the FY 2018-19 budget will provide authority for staff to continue municipal <br />8.C. - Page 4