RES 01078 - Laserfiche WebLink

To assure that there is adequate funding for the recommended FY 2002-03 projects, staff will refrain from incurring costs on these projects until after approval of the Mid-Term Budget. Staff will however, continue working on projects which have received partial funding and approvals in previous years. By utilizing the above revenue forecasting method, the City avoids revenue shortfalls resulting from less than anticipated development revenue and minimizes the financial impact of future development trends. Proltram Ortanization and Changes As in previous CIP's, this document is arranged by project category (i.e., Streets, Parks, Miscellaneous, Water, Sewer and Unfunded), with project description sheets for multiple year projects appearing only in the year that projects are initially funded. Projects from each of the five funded project categories are found in the sections highlighted by project tabs. Summary financial tables which detail a listing of revenues and project expenditures from each of the project categories of Streets, Parks, Miscellaneous, Water and Sewer for each of the five years are included immediately following this section. Detailed financial tables showing funding sources for all projects is included in Section 1 of the Appendix. Project identification numbers are included on project description sheets and financial tables. The first two digits of these numbers reflect the fiscal year the project was first funded and the additional digits reflect City account numbers. Page numbers identifying each project are included in the table of contents and on the summary financial tables. To be consistent with unique project needs and available funding, this CIP .contains a number of significant changes from previous CIP's. The major changes are as follows: A number of projects funded previously are presented in this CIP to address the need for additional project funding resulting from changes in the project's scope and/or inflationary costs. Previously, these cost fluctuations were addressed at the time the City Council awarded a contract to proceed with project development. However, due to the scope of changes required, these projects are being reintroduced. For identification purposes, these projects include "additional funding" in their title. Also included are projects established as reserves in anticipation of additional funding at a later date. A listing of these projects are as follows: City trail projects are presented in the Parks CIP category to reflect the Parks and Recreation Commission's role in implementing the City Trails Master Plan. Where applicable, funding has been transferred from the Street CIP and other sources. Previously, Trail Projects were included in the Street category. ii