RES 01078 - Laserfiche WebLink

The program contains recommendations for funded projects and available revenues. As with any forecasting program, unforeseen changes in the economy, funding, and other conditions may substantially impact the priorities as set forth in this pwgram. However, staff has taken steps to assure that the impact of these conditions are minimized. The introduction to the CIP, which highlights revenue and expenditure estimates/projects is attached to this report as Attachment A. General I~ Review The CIP was reviewed by the Planning Commission at their meeting of June 3. At this meeting, the Planning Commission approved a resolution f'mding that the Capital Improvemem Program ia comistent with the City's General Plan (Attachment B). DISCUSSION The proposed CIP estimates expenditures of $83,269,181 over the next five years from $102,577,932 in available financial resources. The first two years of the program are proposed to be funded and adoption authorizes staff to begin work on these projects. However, staff does not expect to begin incurring any significant costs on new projects funded in the second year of the program until the start of that fiscal year after the completion of the mid-term review scheduled for June 2000. Attached for review is the CIP narrative which provides an overview of the program. FISCAL IMPACT As indicat~l, the projects estimate expenditures of $83,269,181 over the next five years. All these projects are funded from revenues traditionally earmarked for the City's Capital Improvement Program including a General Fund transfer. As a result, there should not be any additional financial impact on the City except for those impacts detailed in the program. However, obviously, should the Council decide to add projects to the program, additional impacts may result in more projects which are listed as funded may be transferred to an unfounded category. Respectfully Submitted, Stevon R. Bocian Deputy City Manager City Manager SR:01:154 Page 2