CITY COMMISSION AGENDA ITEM

Department:	Finance		Commission Meeting Date: March 19, 2019
Staff Contact:	Danielle Buschkoetter, Budget and Strategic Initiatives Manager
Recommendations/Options/Action Requested:
Receive report.
Executive Summary:		Each year the City Commission approves a five-year Capital Improvement Plan (CIP). This allows the City to identify needs of the community and prepare a long-term financial strategy to meet those needs. In order for a project to be considered for the CIP it must have an estimated cost of $100,000 or more and have a useful life of two-years or more. On August 8, 2017, the City Commission approved the budget for 2018. This included both operating costs and the 2018-2022 Capital Improvement Plan (CIP). The attached report provides a status update on all the CIP projects that were budgeted in year 2018. Projects that were budgeted for in 2017 but completed in 2018 were omitted. There was a total of 73 projects that received funding in 2018. Of those projects, 24 were completed, 47 are in progress, and 2 were either deferred or removed. As is typical with any planning document, there have been some changes made to projects since adoption. Some of these changes include funding levels, funding source, and scope. These changes have been noted in the attached report and received prior City Commission approval.
Strategic Plan Critical Success Factor		Effective Governance/Professional Administration Innovative Infrastructure and Asset Management Core Services Sound Fiscal Stewardship
Fiscal Impact (Amount/Source):		There is no financial impact.
Attachments:		2018 Capital Improvement Plan Annual Report

Reviewed By: (for CMO use only)

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