TITLE
The Mayor and City Council shall discuss and possibly take action on the transfer of $9,748,552.10 in appropriated CIP projects and the transfer of the remaining General Fund, CIP Reserve balance of $25,264,316.00, for a total transfer of $35,012,868.10, into a newly created General Governmental CIP Fund. Discussion and Action.
AGENDA ITEM DESCRIPTION
Currently, the City appropriates General Governmental Capital Improvement Projects (CIP’s) in the General Fund. These projects are then funded and accounted for from the Capital Improvement Reserve also residing in the General Fund.
Staff is proposing the establishment of a General Governmental CIP Fund Based on government finance best practices and better CIP accountability. The funding for the appropriated projects, and the proposed transfer, is detailed below. Additionally, staff is proposing that the remaining General Fund, CIP Reserve balance of $25,264,316.00, which has not been appropriated, also be transferred into the newly created General Governmental CIP Fund.
CIP Project Proposed Budget Transfer
POLICE REPLACEMENT VEHICLES 280,000.00
PD REPLACE LAPTOP COMPUTERS 75,000.00
RADIO END USER EQUIPMENT 34,926.00
POLICE RADIO REPLACEMENT 784,307.00
POLICE TASER REPLACEMENT 62,338.00
FIRE STATION #575 2,491,792.10
FIRE ENGINE REPLACEMENT 780,000.00
ECONOMIC DEVELOPMENT PROJECTS 400,000.00
WINDOWS AND OFFICE UPGRADE 52,740.00
SANTA CRUZ WASH-FLOOD CONTROL 245,910.88
CLOMR/LOMR DOWNTOWN AREA 500,000.00
QUIET ZONE IMPLEMENTATION 25,000.00
PW FLEET MAINT YARD/EQUIP 757,064.00
AMTRAK STATION RELOCATION 1,230,202.08
BOWLIN RD HALF ST IMPROV-CAC DEV AG 127,419.75
SIGNAL@HONEYCUTT RD/GLENNWILDE DR 257,890.00
MIDWID WATER TANK 300,000.00
REGENT DRIVE-CAC DEV AGREEMENT 135,178.17
CITY HALL DESIGN ...
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