TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Trang Nguyen, Finance Director
1. SUBJECT
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Second Budget Study Session for the Proposed Fiscal Year 2026-27 Budget
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2. SUMMARY
This is the second budget study session in support of the preparation of the Fiscal Year 2026-27 Budget. The purpose of this study session is to present the draft Five-Year Capital Improvement Plan for the period of Fiscal Year 2026-27 through Fiscal Year 2030-31.
3. RECOMMENDED ACTION
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1. Review and discuss the proposed Fiscal Year 2026-27 Capital Improvement Project Budget.
2. Provide direction to staff regarding preparation of the Five-Year Capital Improvement Plan for the period of Fiscal Year 2026-27 through Fiscal Year 2030-31.
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4. FISCAL IMPACT
The proposed FY27 Capital Improvement Project Budget totals approximately $35.7 million across various funds. Final appropriations and funding allocations will be determined as part of the City Council's adoption of the Fiscal Year 2026-27 Budget.
5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability
6. DISCUSSION AND BACKGROUND
This is the second budget study session in support of the preparation of the City's Fiscal Year 2026-27 (FY27) Budget, with a focus on the Five-Year Capital Improvement Plan (CIP) for the period of Fiscal Year 2026-27 through Fiscal Year 2030-31.
The FY27 Five-Year CIP serves as both a comprehensive budget document and a strategic planning tool used to identify the City's capital infrastructure needs, prioritize projects, and determine available funding sources. Funding for the CIP is derived from a variety of sources, including transportation funds, grants, reimbursement agreements, utility funds, and long-term financing.
Despite ongoing budgetary challenges, the City continues to advance critical capital infrastructure improvements for residents and businesses. The proposed FY27 CI...
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