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11 <br /> THE CITY OF <br /> -- CITY COUNCIL AGENDA REPORT <br /> pL£ASANTONo <br /> June 21, 2011 <br /> Finance Department <br /> TITLE: ADOPT A RESOLUTION ACCEPTING THE MIDYEAR BUDGET REVIEW <br /> FOR THE 2010/11FY CAPITAL IMPROVEMENT PROGRAM (CIP) AND <br /> AMENDING THE 2010/11FY CIP ACCORDINGLY <br /> SUMMARY <br /> This report is the Midyear Budget Review for the Capital Improvement Program (CIP) <br /> and makes recommended adjustments to the CIP based upon a review of current <br /> financial conditions, project needs and priorities. <br /> RECOMMENDATION <br /> Adopt the attached resolution approving the Midyear Budget Review for the 2010/11FY <br /> Capital Improvement Program. <br /> FINANCIAL STATEMENT <br /> The recommended adjustments to various funds in the Sewer, Water, Miscellaneous, <br /> Parks and Streets CIP are outlined in Appendix A. The discussion section of this report <br /> summarizes the recommended adjustments and their respective impact on the CIP. <br />