Title
Workshop to Provide Direction on Fiscal Years 2023-24 and 2024-25 Capital Improvement Program (CIP) Budget. (Public Works 31041520) [Not heard on May 2, 2023]
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The City Council is holding budget workshops on May 2 and 4, 2023, and possibly May 11, 2023. 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 Operating Budget and Capital Improvement Program (CIP) budget for Fiscal Years (FY) 2023-24 and 2024-25. Specifically, on May 2, staff will present this two-year CIP budget and Exhibit 1 contains the draft project sheets with information on the proposed projects. Capital investments are shown by project type and fund source for each year. The proposed CIP totals approximately $72.5 million for FY 2023-24 and $32.3 million for 2024-25. The proposed General Fund allocations to capital projects are $21.7 million (inclusive of $15 million Aquatic Center funding) for FY 2023-24 and $4.6 million for FY 2024-25. In preparing the proposed CIP, staff considered capital investment needs, fund balances, City Council priorities, and staffing resources required to manage and execute projects. Staff seeks input on the proposed CIP budget to be incorporated into the budget coming back for City Council consideration and adoption in June.
BACKGROUND
As part of the City of Alameda (City) biennial budget process, a capital budget for FY 2023-2024 and 2024-2025 is developed to fund infrastructure improvements in the 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 has multiple projects and funding sources. City staff propos...
Click here for full text