Agenda - Council Work Session - 02/23/2016

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THREE COMPONENTS OF THE CAPITAL PROGRAM AUTHORIZED CAPITAL PROGRAM (ACP) The ACP provides multi-year authorization to spend on project costs where funding has been secured and the Council has given final approval to proceed. It is the total amount of all past and present approvals from the Coun- cil. The ACP total will change during 2015 as capital projects are completed and removed from the ACP and capital projects in the Capital Improvement Plan (CIP) secure funding and are moved into the ACP. Authorized Capital Program by Function $4.19 Billion Other Transit $0.77 4% Parks $0.15 18% 51% 27% Wastewater $1.12 Transitways $2.15 Because capital projects remain in the program until completed and closed, the ACP does not cover a particular period of time and a majority has already been spent in prior years. Authorized Capital Program by Spending Period: $4.19 Billion Beyond 2015 $0.46 2015 Capital Budget $0.54 23 Pre -2015 $3.19 CAPITAL BUDGET The Capital Budget is the amount from the ACP that is expected to be spent in 2015. As capital projects in the Capital Improvement Plan (CIP) secure funding and receive final approval from the Council, the Capital Budget will increase. Capital Budget by Function $539 Million Other Transit $193 Transitways $147 30% Parks $36 Wastewater $163 CAPITAL IMPROVEMENT PLAN (CIP) The CIP is a six-year capital investment plan. Projects in the CIP have funding sources identi- fied but not yet secured and the Council has not given final approval. Amounts shown in the capital tables represent the year it is anticipated that the Council will be asked to move the proj- ect to the ACP. Capital Improvement Plan by Function $3.84 Billion Other Transit $0.67 5% Parks $0.19 Wastewater $0.47 17% 12% 66% Transitways $2.51