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<br />7B <br />Pa e 1 <br /> <br />REPORT <br /> <br />To the Honorable Mayor and City Council <br />From the Ci Mana er <br /> <br />April 26, 2010 <br /> <br />SUBJECT <br />Study Session - proposed Capital Improvement Program budget for fiscal years <br />2010/11 and 2011/12. <br /> <br />RECOMMENDATION <br />Review the proposed Capital Improvement Program (CIP) budget for fiscal years 2010/11 <br />and 2011/12 and provide direction to staff so that the resulting revisions may be considered <br />for adoption when presented to the City Council on June 28,2010. <br /> <br />BACKGROUND <br />This study session is intended to provide Council with an initial opportunity to review and <br />comment on the CIP budget as proposed. Staff has updated existing projects from <br />previous years and added new projects based on core services and Council's strategic <br />initiatives. Staff will revise the proposed CIP to reflect Council's direction and return it for <br />Council's final consideration during the formal budget review session scheduled for June <br />28, 2010. <br /> <br />The proposed Capital Improvement Program budget totals $11.466,823 for Fiscal Year <br />2010/11 and $13,320,392 for Fiscal Year 2011/12. Funding sources include the Capital <br />Project Fund (CPF), Gas Tax Construction Fund (GTCF), Transporlation Fund (TF), Grants <br />and Fees Fund (GFF), Water Improvement Fund (WIF), and Sewer Improvement Fund <br />(SIF). Please see attachments. <br /> <br />Utility Users Tax <br />Revenue from the Utility Users Tax (UUT), less debt service, is the major funding <br />source of the CPF and the GTCF. 'Projected revenue from the UUT is $9,562,142 in FY <br />2010/11 and $9,643,804 in FY 2011/12. Debt service resulting from bond activity and <br />the Cemex property acquisition is $3,332,927 in FY 2010/11 and $1,616,062 in FY <br />2011/12. <br /> <br />Capital Proiects Fund <br />The Capital Project Fund (CPF) replaces and upgrades the city's infrastructure and public <br />facilities. CIP projects and programs proposed to receive CPF funding are reviewed by the <br />Capital Investment Advisory Committee. Members of that committee consist of directors <br />and advisors from Finance; Public Works Services; Parks, Recreation, and Community <br />Services; Library; and Building, Infrastructure, and Transportation. Projects are <br />selected/evaluated according to the following criteria: <br />. Potential to realize cost of operations savings <br />. Potential to increase workflow efficiency through consolidation, standardization <br />. Potential for extending the useful life of infrastructure with minimal investment <br />. Potential to enhance public health, life, and safety or if required by mandate <br />