Title
Discuss and Provide Comments on Transportation Projects to be Included in the Capital Budget for Fiscal Years 2023-2024 & 2024-2025 (Discussion)
Body
To: Honorable Chair and Members of the Transportation Commission
EXECUTIVE SUMMARY
As part of the City's biannual budget process, a capital budget for Fiscal Years 2023-2024 & 2024-2025 is developed to fund infrastructure improvements in the City of Alameda. Transportation-related capital projects have historically represented approximately 50% of the capital budget. Staff are seeking feedback from the Transportation Commission on the transportation projects proposed for funding in the two-year capital budget. Staff will present the draft capital budget at the public City Council budget workshops in May. The operating and capital budgets for fiscal years 2023-2024 & 2024-2025 are expected to be adopted by City Council in June.
BACKGROUND
As part of the City's biannual budget process, a capital budget for Fiscal Years 2023-2024 & 2024-2025 is developed to fund infrastructure improvements in the City of Alameda (City). Capital improvements generally are categorized as follows:
* Pavement, Lighting and Urban Forest
* Sanitary Sewer
* Stormwater, Lagoons and Shoreline
* Buildings and Facilities
* Parks
* Transportation System Enhancements
* Sea Level Rise and Climate Adaptation
Each of the categories have multiple projects and funding sources. City staff propose funding for capital improvement projects within each category. The City Council ultimately allocates funds for the projects through adoption of the bi-annual budget in June for the fiscal year that begins on July 1, 2023.
Capital Budget Process
The main components for the basis of the capital budget are:
1. Fund balances and expected revenues
2. Estimated operational expenses from each fund
3. Proposed projects by City departments with estimated costs
Funding for transportation projects comes from several different sources, notably Measure BB (...
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