The Capital Improvement Plan (CIP), Equipment Replacement Plan (ERP), and Technology Replacement Plan (TRP) are financial tools that indicate the City's priorities when the City departments prepare their budgets. The final draft of the Fiscal Year (FY) 2018-2022 CIP, the FY 2018 ERP, and the FY 2018 TRP were presented to the City Council at the March 6, 2017 work session. Based on the outcome of that meeting, Council is being asked to hold a public hearing and consider final adoption of the FY 2018 to FY 2022 CIP, the FY 2018 ERP and the FY 2018 TRP.
 

City Council may:

• hold a public hearing and adopt the CIP, ERP, and TRP as presented; or,
• hold a public hearing, amend the program(s) to include any desired projects and changes, and adopt the CIP, ERP, and TRP as amended; or,
• hold a public hearing and defer action to a later Council meeting.
   

For the FY 2018 budget the proposed CIP would result in expenditures totaling $88,217,169.  The recommended replacements for the ERP total $6,635,000 in plan replacements and $202,436 in supplemental budget requests for a total of $6,837,436 for FY 2018.  The TRP for FY 2018 would result in expenditures totaling $829,020 of which $410,000 is for capital and $419,020 is for O and M.   The items in each of the programs are identified and proposed by staff.  However, Council amendments and the availability of funds in FY 2018 and future years could affect the actual costs of the items in those programs. Copies of the CIP, ERP, and TRP are on file in the City Clerk's Office.
 

Staff recommends that the City Council approve the FY 2018 to FY 2022 CIP, the FY 2018 ERP and the FY 2018 TRP.