The Capital Improvement Plan (CIP), Equipment Replacement Plan (ERP), and Technology Replacement Plan (TRP) are financial tools that indicate the City Council's priorities when the City departments prepare their budgets.  The final draft of the Fiscal Year (FY) 2019-2023 CIP, the FY 2019 ERP, and the FY 2019 TRP were presented to the City Council at the March 5, 2018 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 2019 to FY 2023 CIP, the FY 2019 ERP and the FY 2019 TRP.
 

Council may:
 

• Hold a public hearing and adopt the CIP, ERP, and TRP as presented; or,
• Hold a public hearing and take no action which will not allow the items in the CIP, ERP, and TRP to be included in the City’s budget for FY 2019; 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 2019 budget the proposed CIP would result in expenditures totaling $68,104,065.  The proposed FY 2019 ERP contains $8,489,292 for replacements and $982,593 in supplemental budget requests for a total of $9,471,885.  The TRP for FY 2019 would result in expenditures totaling $767,724 of which $186,385 is for capital and $581,339 is considered operations and maintenance expenses.  The items in each of the programs are identified and proposed by staff.  However, Council amendments and the availability of funds in FY 2019 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 and are posted on the City's website.
 

Staff recommends that Council approve the FY 2019 to FY 2023 CIP, the FY 2019 ERP and the FY 2019 TRP.