City Council

12. CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET UPDATE FOR FY 2024\nRECOMMENDED THAT CITY COUNCIL:\n1. Adopt a new CIP Budget policy that prioritizes any and all CIP projects which are\nidentified as “high value” community investments and improvements by the City\nCouncil, and establishes a separate process and action for the identification of\nfunding sources for projects. This Council CIP Budget policy’s goal is to separate\nthe CIP project “investment” decision from the CIP project “financing” decision;\nand\n2. Approve the formal list of 26 different CIP projects (funded and unfunded), and\nassign a unique CIP project “number” assigned in the Naviline accounting system;\nand\n3. Authorize the Finance Director to work with the Public Works Director to obtain\nfunding source documentation, and to identify all revenues that can be used to\nbring back expenditure “appropriations” for approved and awarded grant awards;\nand\n4. Establish a new CIP project documentation system that integrates the CIP project\nfiles in Public Works with the Naviline financial accounting system; and\n5. Direct staff to return at the Q2 Quarterly Budget Report (and ongoing each\nquarter) to provide updates to the City Council, presenting the budget status and\nconstruction progress achieved on each project in the FY 2024 CIP Budget.\n6. Approve Resolution authorizing the establishment of CIP project numbers and\nexpenditure budgets, funded through transfers from various special funding\nsources approved by grant agencies.