2004 AGN JUL 06 I18 - Laserfiche WebLink

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Item #18 CITY OF COLTON AGENDA REPORT FOR CITY COUNCIL MEETING OF JULY 69 2004 TO: Honorable Mayor and Members of the City Council FROM: Dilu de Alwis, Finance Director� 10 SUBJECT: Adopt CIP Budget for the City of Colton for Fiscal Year beginning July 1, 2004 and ending June 30, 2005 DATE: June 29, 2004 BACKGROUND The Capital Improvement Program (CIP) budget is an integral operating tool for the City of Colton, and provides staff with the guidelines for infrastructure improvements throughout the City. The current year budget also enables staff to look at the long-range needs of the City and with direction from Council, map out a methodology to seek funding to bring those plans to fruition. DISCUSSION/ ANALYSIS On June 21" the City Engineer and his staff presented to the Council, a summation of the past accomplishments, projects currently in progress and the plans for fiscal year 2004-05. The infrastructure improvement needs of the City of Colton, far exceeds the funding available for these projects. Staff has identified projects that can be completed based on the availability of funding and the need of the project. Included in the project list were projects jointly undertaken under scenarios where the City of Colton is the lead agency as well as those where another agency is the lead agency. As new funding becomes available to the City, projects not funded in this budget, will be brought back to Council for approval. Due to the fiscal crisis at the State level, we are anticipating not receiving any funding for Traffic Congestion Relief or any other one-time CIP related funding. This coupled with the General Fund's inability to contribute towards CIP, further curtails the ability to complete much-needed projects. The total CIP new projects proposed for fiscal year 2004-05: