City Council

6. CAPITAL IMPROVEMENT PROGRAM (CIP) 5-YEAR CIP BUDGET ADOPTION\nRECOMMENDED THAT CITY COUNCIL:\n1. Adopt the proposed $99,546,300 5-Year CIP Budget plan and related policies that\nprioritize all CIP projects which have been identified as high value community\ninvestments and improvements by the City Council and establishes a separate\nprocess and action for the identification of funding sources for projects. This 5-\nYear CIP Budget policy goal is intended to institute the policy of separating the\nCIP project investment decision from the CIP project financing decision; and\n2. Approve the formal list of 38 different CIP projects and assign unique CIP project\nnumbers, e.g., 8901, 8902, etc., in the Naviline accounting system; and\n3. Approve the CIP Budget Amendment Resolution #2023-xx which totals\n$31,155,200 for FY 2024. FY 2024 through FY 2028 is for planning purposes\nonly. The Naviline system only allows budgeting one year at a time. The 5-\nYear CIP Budget will be brought back to Council on a quarterly basis, with budget\nadjustments like the Operating Budget; and\n4. Establish a new CIP project documentation system that integrates the CIP project\nfiles in Public Works with the Naviline financial accounting system in Fund 787.