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Report regarding proposed Capital Improvement Program for the Fiscal Year 2025-26. (Eunejune Kim, Director of Public Works/City Engineer, and Matthew Ruble, Principal Engineer)
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RECOMMENDATION
Staff recommends that the Budget Standing Committee of the City Council review and provide feedback on the proposed Capital Improvement Program for the Fiscal Year 2025-26.
BACKGROUND/DISCUSSION
The Capital Improvement Program (CIP) outlines large capital expenditures and infrastructure improvement projects throughout the City. City departments identify necessary improvements and prioritize project implementation when preparing the CIP.
City staff considers the following criteria when selecting projects for inclusion in the CIP:
? Grant-funded projects requiring a City contribution
? Previously approved projects under construction or contract
? Projects required for regulatory compliance
? Projects to maintain or upgrade existing City infrastructure
? Projects with no General Fund allocations
? Projects requested by the community or City departments
Based on these guidelines, staff proposes the following Fiscal Year (FY) 2025-26 CIP budget appropriations. The proposed FY 2025-26 CIP budget is $231.82 million, with $24.03 million of new appropriations and approximately $207.79 million of appropriations from prior fiscal years for continuing projects. In addition, the City continues to work diligently to identify projects within Infrastructure Reserves and Sewer Enterprise Funds to be redirected back to the City's budget to help support the CIP budget needs for FY 2025-26 and out-years. These projects are included in a separate attachment, along with other funding sources and projects that the City has identified for either closeout or deferral. As these projects are anticipated to be eliminated or deferred, they will not be included in the FY 2025-26 Budget Book.
CIP Project Summary
The FY 2025-26 CIP includes 186 projects: 10 new projects and 176 continuing pr...
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