SR 06:153 - Laserfiche WebLink

years of this CIP from In Lieu Park Dedication Fees, Public Facility Fee and traffic fees. This amount is $3,553,901 more than was projected for the same three years in the current CIP. It must be remembered that the above fee amounts are based on projections and, as a result, are subject to change. To insulate the CIP from fluctuations in these fees, as approved in the 2004- 2005 Mid-Term CIP, development fee revenue collected in the current calendar year will be included in funding projections for the subsequent fiscal year. Development revenues for FY 2006-07 are collected in calendar year 2005. CIP Expenditures As indicated previously, with the exception of establishment of the CIPR, the CIP includes three new projects. Table VIII on page 76 of the Mid-Term CIP details expenditure changes. Review by City Commissions As part of the Mid-Term CIP process, staff solicited input from all City commissions regarding the status of currently funded projects. However, as a result of the focus on creating the CIPR, funding the high priority projects, and the fact that the Mid-Term is not intended to significantly alter the approved CIP, staff did not request Commissions reprioritize or alter the listing of funded projects. Rather staff was more interested in receiving any general comments and concerns about the Council priorities for funding the five projects detailed above. All commissions expressed general approval with the approach and projects included in the CIP. Specific comments from commissions are included on page 78 of the CIP. FISCAL IMPACT The financial impact of the report is outlined in the Mid-Term Budget. Respectfully Submitted, ~ ~~-- David P. Culver Director of Finance Nelson Fialho City Manager SR06:153 Page 7 of7