PC 061015 - Laserfiche WebLink

6. PUBLIC HEARING AND OTHER MATTERS a. Review of the City's Capital Improvement Program (CIP) for Fiscal Years 2015 -2016 through 2018 -2019 Steven Bocian presented the staff report. He indicated that it is the Planning Commission's responsibility to review the Capital Improvement Program (CIP) and to determine that it is consistent with the General Plan. He stated that to assist the Commission in this task, he has included in the staff report a narrative that provides an outline of the Program as well as a listing of all of the projects included in the CIP. Mr. Bocian stated that the CIP is the City's four -year comprehensive program for meeting its capital improvement needs, and generally consists of one -time projects that are related to major City buildings, parks, roadways, etc. He indicated that there are no personnel expenses in the Program; that all occurs in the City's operating budget and have dedicated funding sources. He added that the City has specific funds dedicated to the CIP. Mr. Bocian stated that staff goes through a process of looking at all proposed CIP projects to ensure they are consistent with the General Plan. He explained that the first two years of the four -year plan are funded, and the final two years are for planning purposes only. He indicated that the City Council will be reviewing the plan at its June 16 2015 meeting, and if the Council approves it, the programs and projects in the first two years will be funded to go. He added that the program is separated into various categories including Streets, Parks, Water, Sewer, and Miscellaneous, and that there are seven different projects that are recommended for funding. He noted that for all four years, the financial resources total $106,712,412, and the expenditures and reserves total $71,585,294. Mr. Bocian then displayed a slide illustrating a pie chart on the allocation of the $106 million over the entire four years. He noted that Streets is the largest category at $40 million, followed by Water at $20 million and Parks at $16 million. He then showed additional slides of pie charts demonstrating the total financial resources for the first two years, the source of major financial resources, and the summary of all Streets funding sources. He explained that unappropriated funds are available, but these have been earmarked for specific projects such as traffic improvement funds, and although there may not be projects and funds in this specific CIP, the funds remain as a reserve fund for expected future projects. Her then showed a slide of a graph chart of the changes in the City's financial resources over the last four years and noted that the financial resources are up this year from previous years and are expected to grow for next year as well. Mr. Bocian then focused on the individual projects that are funded in the CIP, which staff looks at closely in relation to the City Council's priorities. He reminded the Commission that every two years, the City Council sets a number of priorities which it wants staff to focus on and to put its efforts towards, and that is used as a guideline for CIP projects. He pointed out that not all the CIP projects, as listed in Exhibit C, are funded in this document, but many of them are: PLANNING COMMISSION MINUTES, June 10, 2015 Page 3 of 8