Title
Preliminary 2020 - 2024 Five-Year Plan Review Follow-Up
Brief Description: In follow-up to previous discussion, this will allow for additional questions on the preliminary Five-Year Plan for the General Fund and Road Program. We will also discuss fleet, and staff will provide a personnel overview.
Body
History
19-0064, discussion of Preliminary Five-Year Plan on July 23, 2019.
19-0073, follow-up discussion of Proposed Accelerated Asphalt Program on August 20, 2019.
Purpose & Explanation
The purpose of this discussion is to allow Council to ask any additional questions they may have on the capital items currently included in the preliminary Five-Year Plan for the General Fund, Street & Sidewalk Construction Fund, Street Maintenance & Repair Fund, and the Storm Water Fund. The following changes will be included in the Initial Five-Year Plan based on Council comments at the July 23, 2019 meeting.
• Page 1 amended the assumed annual income tax increase from 2.0% to 2.5% for 2020-2024.
• Page 2 amended the Connectivity definition to exclude sidewalks.
• Page 3 removed the funding desired column from the Annual Infrastructure grid and added the previous 5 years average.
• Page 3 reduced City Hall debt from $3,000,000 to $2,100,000 to account for renovations only.
• Page 3 included the estimated amounts for the Downtown Phase II debt.
• Page 10 split the $5 million in Major Road Resurfacing over 2 years.
Additionally, staff will review the Fleet Fund and Replacement schedule and give an overview of personnel change for 2020.
Timing Considerations
None.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
No formal action necessary.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Assistant City Manager - Finance Director
Brian Griffith, Director - Management & Budget