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THE CITY OF 9 <br /> -° -• "':.., CITY COUNCIL AGENDA REPORT <br /> pLEASANTON <br /> June 18, 2019 <br /> City Manager <br /> Finance <br /> TITLE: ADOPT THE FOUR YEAR CAPITAL IMPROVEMENT PROGRAM FOR <br /> FISCAL YEARS 2019/20 THROUGH 2022/23 <br /> SUMMARY <br /> Every two years the City Council adopts a Capital Improvement Program (CIP) which <br /> establishes a course of action for meeting the City's capital improvement needs over the <br /> next four years. The first two years of the program are recommended for funding and <br /> the final two years of the program are included for planning purposes only. <br /> RECOMMENDATION <br /> 1. Approve the attached resolution adopting the 2019/20 through 2022/23 Capital <br /> Improvement Program. <br /> 2. Appropriate the revenues and approve the project expenditures and transfers for <br /> the projects recommended for funding in fiscal years 2019/20 and 2020/21. <br /> FINANCIAL STATEMENT <br /> Over the next four years, this CIP includes an estimated $168.3 million in total financial <br /> resources and $100.6 million in estimated expenditures. All of these projects are funded <br /> from revenues traditionally earmarked for the City's Capital Improvement Program, <br /> including a $10.2 million General Fund transfer anticipated in the first two years of the <br /> program. As a result, there should not be any additional financial impact on the City <br /> except for those detailed in the CIP. <br />