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simply because the available funds are forecast to be limited this budget cycle. Assuming the City Council agrees with this recommended change to the process, staff has prepared Attachment 1 with the proposed process change for the existing carry-forward projects from previous years that are budgeted with non-restricted General Funds dollars. Attachment 1 is a list of all current capital projects funded with the General Fund dollars. Some of the projects are nearing completion, and staff is anticipating some budget will remain. Some projects are underway and fully funded for completion; some are in the design phase, but additional funding is required before those can move forward to the construction phase; and some have not begun. The list includes the status of each project and the budgeted dollar amount, and also includes staff's recommendation as to whether each project should remain a priority and be carried forward or whether a project should be reprioritized so the budgeted funds can be reallocated by the City Council to a current higher priority project. If the City Council agrees with the staff recommendation, $8.6 million will become available for reallocation to fund current priorities. New 4-Year CIP Recommendation — with Focus on Fiscal Years 2023/24 and 2024/25 Staff has assembled a list of projects for consideration in the upcoming Capital Budget and CIP development process. The projects have been gathered from various sources, including known City Council priorities and staff-identified needs. The list includes partially funded carry-forward projects that require additional funding to complete, projects from the third and fourth year of the current four-year CIP, as well as new projects. Cost estimates have been prepared for each project listed. For City Council's consideration, the list is arranged based on staff's understanding of priority order be the most prudent from highest to lowest; this is provided as Attachment 2. Staff has used the prioritized list of projects with cost estimates to create a recommendation for how the General Fund dollars should be allocated in the upcoming four-year CIP. The recommendation is based on the $2.0 million in General Fund dollars forecast to be available each year for projects in the upcoming two-year budget cycle; the recommendation also is based on the City Council's anticipated concurrence that will support staffs recommendation to reprioritize some previously funded carry-forward projects and reallocate the funding. In short, staffs recommendation reflects how far down the list of needs the available funding from these two sources will go. The proposed allocations for Fiscal Years 2023/24 and 2024/25 are highlighted on Attachment 2. City Council Input & Direction Requested on March 21, 2023 City Council will have the opportunity to discuss and determine project prioritization and funding starting with the first Budget workshop scheduled for April 18, 2023. This memorandum was written to seek input from City Council on the proposed process change of reviewing General Fund carry-forward projects and considering the reallocation of funds as part of the four-year CIP development process. This is the fundamental question that will be presented at the City Council meeting on March 21, 2023. If City Council agrees with the proposed process change, the second part of the question to be addressed will be whether City Council agrees with staffs recommendation of which projects should be deferred or 4