Title
Budget Workshop for Fiscal Years 2021-22 and 2022-23 to Provide Direction on Capital Improvement Program Budget. (Public Works 4205)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
The City Council is scheduled to hold Budget Workshops on May 11, 2021 and May 20, 2021. The budget workshops are intended to give the City Council and community an opportunity to look more closely into the factors that make up the overall City Budget and Capital Improvement Program (CIP) budget. Exhibit 1 contains the proposed capital budget for Fiscal Years (FY) 2021-22 and 2022-23. Capital investments are shown by project type and fund source for each year. The proposed CIP totals approximately $31.8 million and $35.2 million for FYs 2021-22 and 2022-23, respectively. The proposed General Fund allocations to capital projects total $800,000 each year. In preparing the proposed CIP, staff consider capital investment needs, fund balances, City Council priorities, and staffing resources to manage and execute projects. Staff seeks input on the proposed CIP budget that can be incorporated into the budget brought back for City Council consideration and adoption in June.
BACKGROUND
Alameda's Capital Improvement Program aims to maintain and improve the City of Alameda's (City) aged public infrastructure as best it can with the resources available. Public Infrastructure includes City streets, sewers, stormwater drainage, flood/sea level rise protection, transportation facilities, street lighting, trees, public buildings, and parks.
The first step in developing a capital budget is to determine available funds. Finance produces fund balance statements including revenue and expense projections for each fund. The CIP is funded almost exclusively with revenues from restricted funds. For example, the Sewer Fund is restricted to maintenance and replacement of City sewers. Transportation funds include Measure B/BB, Gas Tax and Vehicle Registration Fee. Tr...
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