Laserfiche WebLink
Page 7 of 9 <br />will define infrastructure needs and identify long-term funding strategies, including options to <br />establish a fully self-supporting stormwater enterprise fund. An additional $1.0 million from the <br />General Fund is allocated to the Annual Stormwater Repair and Replacement Program. <br /> <br />Reserve Projects, Interfund Transfers and Debt Payments <br />The CIP’s first-year totals include $18.1 million in reserve projects that will be carried forward <br />as part of the CIP update. This includes approximately $3.5 million in General Fund-supported <br />projects and the remainder in restricted funds. Reserve projects funded from restricted funds <br />are primarily developer contributions that cannot be reallocated to other projects. Many <br />reserves are earmarked for emergency needs, upcoming developments, future projects, and <br />ensuring flexibility and long-term planning. <br /> <br />Additionally, expenditure of approximately $2.5 million in the first two years and $6.5 million <br />over a five-year period is set aside for interfund transfers for operating costs and debt <br />payments. <br /> <br />CIP Project Summary <br />For Fiscal Years 2025/26 to FY 2029/30, $203.6 million of new capital project expenditures <br />are anticipated, and a total CIP program project budget of $318.0 million. Refer to the <br />attached CIP Book for details. <br /> <br /> <br />Staffing Impacts <br />The CIP has a significant increase in annual expenditures, primarily in water and sewer, with <br />the total program averaging $44.0 million over the next five years. With the additional General <br />Fund contributions for deferred maintenance, additional staff and/or consultants with <br />alternative delivery methods will be needed to support the additional project needs. Staffing <br />recommendations will be brought forward based on analysis of the best long-term solution for <br />the City and incorporated into future operating and capital budgets. <br /> <br />Future Large Capital Needs <br />In addition to deferred maintenance projects from the Asset Management Program, the City <br />has several large capital projects that will be coming in future cycles of the CIP. The City will <br />continue to seek grants where possible but will need to provide matching funds or fully fund <br />the projects if the conditions can no longer be deferred. These projects include: <br />Page 270 of 682