10B - Laserfiche WebLink

SECTION II MID-TERM CAPITAL IMPROVEMENT PROGRAM Fiscal Years 2014-15 through 2016-17 In June 2013, the City Council adopted the Capital Improvement Program (CIP) for Fiscal Years 2013-14 through 2016-17 and approved the funding for all projects included in Fiscal Years 2013-14 and 2014-15. In anticipation of work beginning on new funded projects approved for Fiscal Year 2014-15, this Mid-Tenn review of the CIP is intended to ensure that revenues are available to fund approved projects,to amend, add or delete new and existing projects so they are consistent with current funding, workloads and scheduling, to assure consistency with the adopted City Council priorities, and to meet community expectations. This document highlights the result of that review. As a result of the City Council's previous approval of the current CIP, this Mid-Term document does not reprioritize projects. Rather, it adheres to the current approved project funding schedule except where change is determined to be essential. This approach assures that new CIP projects will be introduced, generally, as part of the first year of a two-year CIP funding cycle that will begin in July 1, 2015. To implement amendments included in this document, staff is recommending it be approved by the City Council. Approval implements funding modifications to existing projects and only directly impacts 2014=15 projects since those in the final two years of the program (2015-16 and 2016-17) continue to be for planning purposes only and are based on currently identified needs and revenue projections which are subject to change. In addition, future modifications to Council priorities may result in changes to projects when the new CIP is prepared for 2015-16. Staff will continue to review and update the CIP annually, taking into account changes in community needs and the City's ability to fund and support specific projects. PROGRAM OVERVIEW This Mid-Term CIP budget discusses CIP revenues and transfers, project expenditures, and a listing of amendments, including recommended new projects. In addition to this narrative, the document includes the following attachments: • Attachment A—A summary table of all included CIP financial resources, projects and ending fund balances • Attachment B- Project Description Sheets for three new projects added as part of this Mid- Term • Attachment C — Five summary financial tables for the CIP categories of Streets, Parks, Miscellaneous, Water and Sewer • Attachment D- Five detailed financial tables showing all projected revenue and expenditures for the five CIP categories of Streets, Parks, Miscellaneous, Water and Sewer. • Attachment E—Project carry-over tables showing active projects approved previously 1