City of Pleasanton
3/16/2023 8:23:06 AM
3/16/2023 8:18:44 AM
CITY CLERK - TYPE
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14 <br /> THE CITY OF <br /> I .H =`''.r "" CITY COUNCIL AGENDA REPORT <br /> PLEASANTON. <br /> March 21 , 2023 <br /> Engineering <br /> TITLE: REVIEW PROPOSED PROCESS CHANGE TO THE CAPITAL <br /> IMPROVEMENT PROJECT BUDGETING AND PROVIDE DIRECTION TO <br /> STAFF <br /> SUMMARY <br /> Staff is proposing a change to the process for capital improvement project budgeting. <br /> Traditionally capital improvement project budgeting for each two-year budget cycle <br /> involves prioritizing proposed projects for funding based upon revenue projections for <br /> the upcoming two-year budget period. Projects prioritized and funded in previous <br /> budget cycles were not considered at that time unless additional funding is needed to <br /> fund a project fully. The proposal allows the City Council to review all projects funded in <br /> previous budget cycles that have not been completed to determine whether each of the <br /> prior cycle projects remains a priority. Once decided, the project funding that remains a <br /> priority will be carried forward in the current capital improvement project budget cycle. If <br /> a prior cycle project is no longer a priority, the funding will be available to relocate in the <br /> current capital improvement project budget cycle. <br /> RECOMMENDATION <br /> 1. Review the information provided for the upcoming four-year Capital Improvement <br /> Program and two-year capital improvement project budgeting process and provide <br /> direction to staff regarding the proposed change to the process. <br /> 2. If City Council concurs with the proposed process change, staff requests the City <br /> Council review the projects that staff recommends be deferred or canceled and <br /> provide any other direction that may be helpful in developing the two-year capital <br /> budget and four-year capital improvement program. <br /> FINANCIAL STATEMENT <br /> There is no direct financial impact as a result of this report. <br />
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