Title
FY2023 Capital Improvement Plan Kickoff Discussion
Body
Issue/Request
FY2023 Capital Improvement Plan Kickoff Discussion
Key Issues:
o The Annual CIP develops constrained funding to complete capital projects guided by master planning documents
o Many projects are committed due to public elections for specific projects
o Many more projects are not funded,
o Unfunded projects identified in master planning documents are added to the CIP as funds become available and in accordance
with guidance from elected officials
Background:
Last year, City staff presented several overviews of the annual process to develop a constrained Capital Improvement Plan (CIP) to be funded as part of the annual budget. Generally, it takes several years to accumulate funding to add new projects. This usually occurs through new elections such as a no-tax-increase bond issue, renewing a sales tax, or user fees. Projects already funded in the CIP can be re-sequenced if priorities change.
In the past year, the City has adopted a new Comprehensive Plan and Strategic Plan developed through public input of stakeholders and guidance from elected officials. Elected officials have requested earlier input into the annual CIP to prioritize project funding. This FY2023 CIP kickoff presentation will review the CIP process, required projects, comments from public input, new programs, and a large list of unfunded capital projects to promote discussion and high level guidance in developing the CIP.
Timeline:
Start: CIP Process Starts December 2022
Finish: CIP Adopted as part of Annual Budget
Presenter
George Binger, Deputy Director of Public Works/City Engineer