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8.A. - Page 5 of 72 <br />a strategy to use 80 percent of any fiscal year-end operating balance on liabilities, and 20 percent towards <br />City Council priorities. <br />Staff will continue to refine fiscal year-end projections in the coming months. Based on the efforts to <br />refine the budget both last fiscal year and this current fiscal year, staff does not anticipate significant <br />year-end budget amendments. <br />Staff will recommend specific use of these funds with the FY 2020-21 Recommended Budget. <br />FY 2019-20 MID -YEAR BUDGET UPDATE — CAPITAL IMPROVEMENT PROGRAM (CIP) <br />The FY 2019-20 adopted and amended budget includes $24.8 million in new CIP funding for 54 projects, <br />not including administrative unallocated staff costs. <br />Over the first half of the fiscal year, staff has made steady progress on a range of capital improvement <br />projects spread out over ten functional areas. As of January 2020, FY 2019-20 CIP expenditures across all <br />active projects reached $16.7 million. <br />To provide a more robust picture of the capital projects, all active projects total $152.1 million over 166 <br />projects. Many of these projects carry over many years. <br />The graph below provides a summary of mid -year FY 2019-20 CIP expenditures by functional area. <br />9,000,000 <br />8,000,000 <br />7,000,000 <br />6,000,000 <br />5,000,000 <br />4,000,000 <br />3,000,000 <br />2,000,000 <br />1,000,000 364,511 <br />0 <br />Mid -year FY 2019-20 CIP Expenditures <br />by Functional Area <br />7,749,758 <br />3,934,530 <br />2,898,886 <br />1,436,923 <br />75,131 0 9,092 34,288 228,667 <br />ey ay c� try wi°` �A <br />Qa�\`� \acQa Qat, Qa ° <br />ce <br />r° <br />°ah Functional Areas <br />4ca�° YTD Expenditures (FY 19/20 to 12/31/19) <br />A new position of CIP Manager was created in FY 2018-19 to increase efficiency of CIP related processes; <br />identify additional capital project funding sources; develop a collaborative internal system for tracking <br />potential capital projects in the Five -Year CIP; and review projects currently in the Five -Year CIP with the <br />Page 5 of 26 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />240 <br />