TO: Mayor and Members of City Council
THRU: Douglas J. Hewett, ICMA-CM, City Manager
FROM: Jeffrey Yates, Assistant City Manager
Kimberly Leonard, Budget and Evaluation Director
DATE: April 28, 2024
RE:
Title
Presentation of Recommended the FY 2025-26 through FY 2030-31 Capital Improvement Program
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal 5: Financially Sound City Providing Exemplary City Services
Objective 5.1: To ensure strong financial management with fiduciary accountability and plan for the future resource sustainability by aligning resources with City priorities.
Executive Summary:
T
he Capital Improvement Program (CIP) serves as a long-term planning tool designed to shape the future of the community through strategic investments in infrastructure and major assets. Unlike the annual operating budget, which often garners more immediate attention, the CIP plays a critical role in transforming the City's physical landscape over time. While the operating budget focuses on the upcoming fiscal year and addresses short-term, day-to-day expenses such as personnel costs, supplies, minor equipment, and operational needs, the capital program takes a broader view. Spanning fiscal years 2025-26 through 2030-31, the recommended capital program outlines significant projects and investments, including infrastructure improvements, construction of buildings, acquisition of vehicles, implementation of technology systems, and other large-scale initiatives. Together, these two financial plans ensure both the immediate functionality and the long-term growth of the City.
Background:
The Capital Improvement Program (CIP) is closely aligned with the City Council's recently adopted Strategic Priorities, ensuring that long-term investments directly support the community's most pressing goals. These priorities include a continued commitment to a comprehensive approach to community safety, advancing revitalizat...
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