Laserfiche WebLink
CC Work Session 2. 1. <br />Meeting Date: 10/23/2018 <br />Information <br />Title: <br />Budget Work Session: 2019 Capital Equipment and 2019-2028 Capital Improvement Plan (CIP) <br />Purpose/Background: <br />Before the budget is to be formally adopted on December 11, 2018 the City Council has agreed to at least three <br />budget worksessions. The first of these worksessions is to review the 2019 Capital Equipment requests and its <br />funding via the Equipment Revolving Fund. <br />Staff will review the capital equipment requests, not only for year 2019, but also for years 2020-2023 to show the <br />possible tax impact in these future years as the Equipment Revolving Fund is not sufficient to cover all requests. <br />The 2019-2028 Capital Improvement Plan (CIP) has been prepared as a strategic planning tool to assist the City <br />Council in identifying proposed capital improvement projects over the next ten years. The CIP is broken down into <br />the following categories: Capital Improvement Bonding Projects, Capital Equipment, Municipal Buildings, Park <br />Improvements, Sewer Improvements, Storm Water Improvements, Street Improvements, Street Light <br />Improvements and Water Improvements. <br />Each project includes preliminary funding sources and appropriate background information citing needs and <br />projected cost estimates. <br />A supplemental section titled 'Future Consideration Projects' has also been included. This is a listing of park projects <br />that are contingent upon availability of resources. These projects are unfunded and unscheduled until resources <br />become available. <br />Timeframe: <br />30 - 60 minutes <br />Funding Source: <br />Each project contained within the 2019-2028 Capital Improvement Plan states the respective funding source(s). <br />Responsible Party(ies): <br />Finance Director <br />Outcome: <br />Review of 2019-2024 Capital Equipment Requests and its funding source(s) for the respective years. <br />Review and discuss the 2019-2028 Capital Improvement Plan (CIP). <br />Attachments <br />2019-2023 Capital Equipment Requests <br />Equipment Revolving Fund Balance <br />2019-2028 CIP <br />Draft 2019-2028 Park Supplemental <br />