5.4. SR 10-08-2007 - Laserfiche WebLink

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ver MEMORANDUM TO: Mayor and City Council FROM: Tim Simon, Finance Director DATE: October 3, 2007 SUBJECT: Capital Improvement Plan -Buildings and Equipment The purpose of Monday's meeting is to continue discussions for approving the 2008-2012 five-year capital improvement plan (CIP). We will be reviewing and discussing the govemment buildings and the equipment (mainly vehicles and heavy equipment) portion of the CIP. In November, a completed draft will be available for the Council to review. While the CIP is a great tool for long-term planning, approval of the CIP by Council does not authorize spending ox initiation of a given project. In general, the CIP fox year 2008 is set, but the remaining years are re-evaluated on an annual basis. Govemment Building Pr%ects: Many of the governmental building projects axe funded by the government reserve capital project fund. The majority of the projects listed have previously been discussed in the Council budget work sessions and many of the expenses axe repairs/replacements to existing equipment. The public works building has been included in year 2010. In your packets, you can see the proposed financing of that building. Equipment: The majority of the equipment anticipated over the next five-years includes vehicles and heavy equipment. The equipment has been funded by the general fund, equipment certificates, and the capital outlay reserve fund. The City's fleet committee is working towards along-term plan Fox funding future equipment purchases. The capital costs included are projected as estimates at this time and will be updated annually as the replacement year becomes closer. Pending future budgets, some of the equipment may have to be delayed or postponed. I have attached copies of the proposed 2008-2012 CIP for the government buildings and equipment. Various department heads and division managers will be at the meeting to help answer any questions the Council may have.