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AGENDA ITEM - 3B <br />'It <br />EN HILLS <br />MEMORANDUM <br />DATE: August 25, 2025 <br />TO: Honorable Mayor and City Councilmembers <br />Jessica Jagoe, City Administrator <br />FROM: Joua Yang, Finance Director <br />Preliminary 2026-2030 Capital Improvement Plan (CIP) <br />SUBJECT: Preliminary 2026 General Fund Budget <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />Council Should Consider <br />Provide feedback on the Preliminary 2026-2030 CIP Plan. <br />Provide feedback on the Preliminary General Fund budget for the 2026 fiscal year. <br />Background — CIP Plan <br />Annually, the City prepares a five (5) year Capital Improvement Plan for budgeting and <br />forecasting. The focus of the CIP is on the maintenance and protection of the City's existing assets, <br />redevelopment, and investment in new initiatives. The CIP is part of the budget process, but it is <br />not a budget, it is a plan, and one that changes often. The CIP does not commit the Council to the <br />proposed projects, nor implement the assumptions made during the preparation; however, this is <br />the basis for the 2026 Budget as we continue with its preparation. <br />At the July 28, 2025 Special Work Session, Council discussed the preliminary CIP at length <br />(Attachment A) and today will be a continuation of that discussion. Council directed staff to <br />provide several options to the PIR Fund that would be funded by either a levy increase or bonding, <br />and impact to each funding option if changes to the below projects were considered (Attachment <br />B, pages 1-7). All five scenarios assume the below changes for Park Hard Court & Trail Rehab <br />and Park Shelter Replacements will be implemented: <br />• Park Hard Court & Trail Rehab. ($115,500) Change in Fund Balance <br />o Revenue. Adjust funding to be 100% PIR -no grants ($100,000) <br />o Expense. Spread costs out beyond 2026 and keep Arden Manor hardcourt in 2026 <br />($15,500) <br />• Park Shelter Replacements. $77,500 Change in Fund Balance <br />o Expense. Remove Cummings Park $85,000 and Shift Hazelnut Park from 2026 to <br />2029 ($7,500) <br />• Street-PMP. $3,447,000 Change in Fund Balance <br />o Revenue. Special Assessments ($436,000) <br />Page 1 of 11 <br />