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ESA 2. Work Program • Potential funding sources; and • Effectiveness criteria and monitoring method. This standard format for program and policy options (measures) will enable quick review and comparison between options. We will also prepare a comprehensive high -level tnatrix of measures, and tables and figures as appropriate, that will facilitate comparison of measures and help to identify synergies between strategies. This will allow us, in consultation with City staff, to come to logical conclusions regarding selection of options to bring forward for adoption, and to prioritize measures as high -, medium- or low - priority based on cost and effectiveness. This will also facilitate effective communication of proposed strategies to the public and other stakeholders. Economic Analysis CAP implementation will require a significant investment of the City's time and resources. Therefore, the City will need to be strategic in its development of the CAP and favor those plan elements that offer the highest emissions reductions per dollar spent, require the lowest capital outlay and/or result in near -term cost savings. The purpose of the economic analysis is to provide a clear and informative assessment of the expected costs and benefits of the CAP options so that the City can prioritize its future GHG reduction efforts and focus its future management attention. Our cost - benefit analysis will be performed using custom - developed spreadsheet tools assisted as appropriate with various third -party modeling programs and spreadsheets for projecting GHG emission reductions. Benefits will include GHG reduction potential, as well as other co- benefits. The cost analysis will identify both capital (e.g., construction) costs but also any future operating costs or savings (e.g., such as avoided utility or maintenance requirements) related to each proposed CAP measure. In addition, the cost analysis will identify initial implementation costs (e.g., public outreach efforts). This approach will ensure a comprehensive understanding of a measure's net financial implications. When feasible and applicable, ESA will express each proposed CAP measure in terms of an "annualized" net cost per ton of CO2 reduction. Although we do not propose a formal "benchmarking" analysis, ESA will corroborate our estimates with reference to similar analyses (e.g., quantitative cost - effectiveness analyses such as the Menlo Park CAP). 2 For the sake of simplicity for CAP readers, ESA does not propose to present CAP costs in "net present values." However, when relevant, we will note the additional financial effects of depreciation or capital borrowing related to proposed CAP elements. City of Pleasanton Climate Action Plan 2 -11