FY 2425 2526 Recommended Operating Budget

Capital Project Implementation (continued)

FY 2024 - 25 and 2025 - 26 Activity Goals • Implement the approved Capital Improvement Program by planning, designing, implementing, and completing projects outlined within the Capital Improvement Budget. • Support encroachment permitting for the City. Financial Comments The proposed CIP program is $60.7 million in FY 2024 - 25 and $108.5 million in FY 2025 26. The proposed budgets for Project Implementation (8280) are focused on delivering a variety of water and wastewater projects citywide, along with several parks and recreation facilities projects. In addition, the CIP includes nearly $4.0 million in FY 2024 - 25 and $7.0 million in FY 2025 - 26 in pavement/roadway maintenance. The pavement project in FY 2025 - 26 includes a $4.0 million OBAG III Grant. The Capital Improvement Program has experienced a loss of ongoing revenues from commitments from development related to the City ’ s Residential Development Control System. This loss of funding has significantly reduced the number of public improvement projects funded through the CIP.

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