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V. UNFUNDED PROJECTS <br /> <br />Included in this CIP is a listing of unfunded projects. As presented in this CIP. unfunded projects are <br />those projects which do not have adequate funding, which are of lesser priority than funded projects, <br />which are not currently ready for funding or projects that have master plans and other studies underway <br />to determine the full scope of the project. As a result, designating a project as unfunded does not <br />necessarily indicate the importance of the project, but rather indicates available funding soumes or the <br />current status of the project. The "high priority," unfunded projects are those that are included as <br />"highest priority" in the Council prioritization of projects. All other unfunded projects are listed with a <br />"unfunded" heading without designation of priority. The construction of the Happy Valley by-pass road <br />and the developmem of the Vineyard Park are the only high priority projects. <br /> <br />In past Programs, the unfunded projects listing included all "reserve" and "partially funded" projects. <br />However, this has created some confusion as a project, such as the Bernal Property Improvements <br />Reserve, appeared in both the funded and unfunded sections. As a result, the unfunded section includes <br />only those projects that do not have funding rather than those with partial or no funding. <br /> <br />VI. CONCLUSION <br /> <br />This CIP presems a wide range of projects that will address many community needs. As with any <br />budget, some areas may need additional funding while other fully funded projects may, at some time <br />need to be reprioritized. However, considering the many varied areas that will be addressed, the plan <br />improves and establishes many new amenities that will be welcomed by the community. <br /> <br />Staff has taken a conservative approach in developing this plan incorporating measures such as <br />establishing reserve/funding projects with revenue received rather than anticipated revenue, generating <br />development related revenues only from projects which have been approved and have been issued <br />Growth Management approval and transferring money from the Operating Budget which is consistent <br />with the City's operational needs. Nevertheless~ staff is confident that this plan will address the City's <br />capital improvement needs over the life of this program. <br /> <br />City Manager <br /> <br />CipNarrative 2. doc 5/08/03 10:07 PM <br /> <br />XX <br /> <br /> <br />