TO: Honorable Mayor and Members of the City Council
THRU: Rick Otto, City Manager
FROM: Will Kolbow, Assistant City Manager/Administrative Services Director
1. SUBJECT
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First Study Session for the Proposed Fiscal Year 2021-22 Budget.
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2. SUMMARY
This is the first study session in support of the preparation of the FY 2021-22 Budget. This study session is intended to provide the draft of the Five-Year Capital Improvement Plan for the period of FY 2021-22 through FY 2025-26.
3. RECOMMENDED ACTION
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Receive and file the report and provide direction to staff.
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4. FISCAL IMPACT
Fiscal impact will be determined with final budget adoption.
5. STRATEGIC PLAN GOALS
Goal 2: Be a fiscally healthy community
a: Expend fiscal resources responsibly.
b: Analyze future fiscal needs and potential revenue opportunities.
c: Provide appropriate reserves.
Goal 4: Provide outstanding public service
b: Provide facilities and services to meet customer expectations.
6. DISCUSSION AND BACKGROUND
This is the first study session in support of the preparation of the City's FY 2021-22 (FY 22) Budget and is intended to focus on the presenting the draft Five-Year Capital Improvement Plan for the period of FY 21-22 through FY 25-26.
Introduction
The Five-Year Capital Improvement Plan (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 improvements and infrastructure. As in recent years, we will continue to maintain an increased level of capital improvement activity in Orange.
The FY 22 Five-Year CIP identifies 153 proposed projects. For FY 22 itself, there are 21 newly budgeted projects and 132 projects that are eithe...
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