Title
2016-2020 Five-Year Plan Financial Update of the General Fund
Executive Summary: This will be a presentation and discussion of amendments made to the original Five Year Plan to incorporate recent changes to capital budgets and projects not included in the original plan.
Body
Legislative History
The 2016-2020 Five Year Plan was passed December 15, 2016.
Purpose & Explanation
Recently, there have been several changes to the City’s capital projects as well as other projects that have been added to the original plan. Staff wanted the opportunity to update Council on the financial implications of these changes.
Attached to this memo is a copy of the original and amended Five Year Plan (General Fund only) along with highlights of the changes to the original Plan.
Timing Considerations
This discussion will be in conjunction with the First Quarter appropriations legislation.
Fiscal Impact
Currently Budgeted
X Supplemental Appropriation Required - separate First Quarter memo/legislation
Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends City Council review the updated Plan and determine if they are still comfortable moving forward or if we need to make any amendments.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Finance Director