Budget Work Session:  2019 Capital Equipment and 2019-2028 Capital Improvement Plan (CIP)

Before the budget is to be formally adopted on December 11, 2018 the City Council has agreed to at least three budget worksessions.  The first of these worksessions is to review the 2019 Capital Equipment requests and its funding via the Equipment Revolving Fund.

Staff will review the capital equipment requests, not only for year 2019, but also for years 2020-2023 to show the possible tax impact in these future years as the Equipment Revolving Fund is not sufficient to cover all requests.

The 2019-2028 Capital Improvement Plan (CIP) has been prepared as a strategic planning tool to assist the City Council in identifying proposed capital improvement projects over the next ten years.  The CIP is broken down into the following categories:  Capital Improvement Bonding Projects, Capital Equipment, Municipal Buildings, Park Improvements, Sewer Improvements, Storm Water Improvements, Street Improvements, Street Light Improvements and Water Improvements.

Each project includes preliminary funding sources and appropriate background information citing needs and projected cost estimates. 

A supplemental section titled 'Future Consideration Projects' has also been included.  This is a listing of park projects that are contingent upon availability of resources.  These projects are unfunded and unscheduled until resources become available.
 

30 - 60 minutes

Each project contained within the 2019-2028 Capital Improvement Plan states the respective funding source(s).

Finance Director

Review of 2019-2024 Capital Equipment Requests and its funding source(s) for the respective years.

Review and discuss the 2019-2028 Capital Improvement Plan (CIP).