TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Trang Nguyen, Finance Director
1. SUBJECT
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Second Budget Study Session for the Proposed Fiscal Year 2025-26 Budget.
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2. SUMMARY
This is the second budget study session in support of the preparation of the Fiscal Year 2025-26 Budget. This study session is intended to provide the draft of the Five-Year Capital Improvement Plan for the period of Fiscal Year 2025-26 through Fiscal Year 2029-30.
3. RECOMMENDED ACTION
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1. Affirm staff recommendation for the Fiscal Year 2025-26 Capital Improvement Project Budget, and
2. Affirm staff recommendation for the Five-Year Capital Improvement Plan for the period of Fiscal Year 2025-26 through Fiscal Year 2029-30.
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4. FISCAL IMPACT
Fiscal impact will be determined with the final budget adoption.
5. STRATEGIC PLAN GOALS
This is the second budget study session in support of the preparation of the City's Fiscal Year 2025-26 (FY 26) Budget focusing on the Five-Year Capital Improvement Plan (CIP) for the period of Fiscal Year 2025-26 through Fiscal Year 2029-30 (FY 26 Five-Year CIP).
The FY 26 Five-Year CIP serves as a comprehensive budget and strategic planning tool used to determine the extent of future needs and identify sources of funding. Funding is provided by a variety of sources including development impact fees, transportation funds, grants, reimbursement agreements, and long-term financing.
The City continues to provide its residents and businesses with much-needed capital infrastructure improvements, despite budgetary challenges. While several projects have been deferred in recent years, the City strives to maintain a steady level of capital improvement activity in Orange.
The FY 26 Five-Year CIP proposed 69 projects ranging from $10,000 to $8.25 million, in various funds. For FY 26 itself, there are 50 budgeted projects while the remaining 19 are anticipated to start during the out-y...
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