Laserfiche WebLink
9.A. - Page 1 <br /> RE PO RT <br /> To the Honorable Mayor and City Council <br /> From the Cit Mana er <br /> April 9, 2012 <br /> SUBJECT <br /> Proposed two year Capital Improvement Program budget for fiscal years 2012-13 and <br /> 2013-14 <br /> RECOMMENDATION <br /> Conduct a Study Session to review the proposed Capital Improvement Program (CIP) <br /> budget for fiscal years 2012-13 and 2013-14 and provide direction to staff. <br /> BACKGROUND <br /> Every other year City Council reviews a proposed two-year CIP budget and provides <br /> direction to staff. A final recommendation is returned to Council for formal adoption <br /> during Council's Budget Sessions in June. <br /> The proposed CIP budget for Fiscal Year (FY) 2012-13 and FY 2013-14 is provided <br /> within the context of a five-year forecast, giving a framework for long-range planning. <br /> The five-year forecast is attached to this report. In preparing the forecast, City staff <br /> reviews the prior year's forecast and removes completed projects, updates the <br /> estimated time and cost to complete continuing projects, and adds new projects as <br /> available revenue allows. <br /> The forecast includes both projects and programs. Programs typically reflect ongoing <br /> annual maintenance expenditures such as pavement resurfacing or equipment <br /> replacement. Historically, program funds were expended in a fairly linear fashion over <br /> many years, reflecting the maintenance nature of the programs. In contrast, projects <br /> are typically installation of new infrastructure, construction of new facilities, or major <br /> rehabilitation of existing facilities beyond the scope of annual maintenance. Projects <br /> may also include the study or design phases of new facilities and infrastructure. <br /> The CIP budget proposes $18,725,817 for FY 2012-13 and $22,510,640 for FY 2013- <br /> 14. Funding sources include the Utility Users Tax (UUT), Gas Tax Construction Fund <br /> (GTCF), Transportation Fund (Measure A) (TF), Grants and Fees Fund (GFF), Water <br /> (Capital) Improvement Fund (WIF), and Sewer (Capital) Improvement Fund (SIF). <br /> These funds are defined below: <br /> 1. Utility Users Tax (UUT) <br /> Revenue from UUT, less debt service, is the major funding source of the Capital Project <br /> Fund (CPF) and the GTCF. Projected revenue from the UUT is $9,496,000 in FY 2012- <br />