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CASE # PROPOSED 1996 - 2001 CAPITAL IMPROVEMENT PROGRAM By: Jessie Hart, Finance Officer Background: The Proposed 1996 - 2001 Capital Improvement Program will be distributed at the Finance Committee meeting on Tuesday, October 24, 1995. It will include expenditure projections in streets, parks, utilities, public buildings and office automation equipment (computers). The parks portion of the Program was reviewed and approved by City Council on August 22, 1995 and has not been modified since that date. It is anticipated that the narrative describing each proposed project and identifying the funding source(s) for each will also be available at the meeting. As with the past two years, the proposal will contain cash flow projections from various funding sources providing for the project expenditures. Ifa project is expensed from a fund such as MSA or TIF, the cash flows will detail specific support of the expenditure. Any General Fund or "levy" expenditure needs special Council or referendum budget increases to support the expenditure. Various projects are shown with "anticipated" revenue sources such as drainage projects which are proposed to be funded through a Storm Water Management Utility charge to property owners. This would be a "new" funding source and require specific Council action to implement. It is intended that in each project category (i.e., streets, parks) the order of the project number (i.e., S-1 or S-2) denotes relative project priority. It is expected that Council discussion will be general in nature due to our inability to get the plan to you prior to the meeting. Staff Recommendation: Amend as appropriate and either approve the plan or provide direction to staff. Committee Action: Motion to place this item on the table for approval at the meeting of Reviewed by: City Administrator Finance Officer City Engineer FC: 10/24/95