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CITY OF RAMSEY FC CASE <br />CAPITAL IMPROVEMENT/CAPITAL OUTLAY PLAN <br /> <br /> 2000-2004 <br />By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />Earlier, you were presented Ramsey's Capital Improvements/Capital Outlay Plan (CIP) for the <br />years 2000 2004. It has been prepared in an attempt to anticipate major capital expenditures in <br />advance of the year in which they are budget requests. Further, several projects may interrelate <br />or require other improvements prior to initiation which would cause delays without prior <br />planning. Additionally, projects may require budgeting over several years or receipt of funds <br />from other sources (i.e. grants) requiring planning completion prior to the funding year. <br />Finally, the plan enables a snapshot of the identified capital needs of the community allowing <br />for continual prioritization of these needs. <br /> <br />Approval of the CIP by Council does not authorize spending or initiation of a given project. It <br />does, however, provide a guide for the community for a whole array of private and public <br />decision-making, impacted by public capital expenditures. Therefore, the CIP should receive <br />ratification only if the Council perceives actions contemplated within the plan as reasonable <br />and planned within justified time frames. It shall further be noted that initial project design of <br />public infrastructure projects identified within this plan often begins two years or more prior to <br />the date of construction. <br /> <br />The CIP is not intended to provide for precise budgeting. Capital costs are projected as <br />estimates. Upon each update of the plan, deletions, additions, delays, or other revisions may <br />occur, reflecting changing community needs. These changes allow for budget refinements as a <br />particular project nears actual construction. <br /> <br />The plan does not contain a specific designation which denotes project priorities. There is no <br />weighting or matching of priorities between infrastructure types [streets, parks, utilities, <br />building facilities] as each type of project generally has a funding source unique to the project <br />type and from which funds cannot be reallocated. <br /> <br />Recommendation: <br /> <br />Staff recommends that Council approve the 2000-2004 CIP noting that this is a forecasting tool <br />and not actual, committed projects and expenditures. <br /> <br />Council Action: <br /> <br />To adopt the City of Ramsey's Capital Improvement Program for the years of 2000-2004. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />Finance Officer <br /> <br />FC: 3-14-00 <br /> <br /> <br />