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Page 1 of 12 <br /> <br />AGENDA ITEM – 3B <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />September 22, 2025 <br />TO: Honorable Mayor and City Councilmembers <br />Jessica Jagoe, City Administrator <br />FROM: Joua Yang, Finance Director <br />SUBJECT: Preliminary 2026-2030 Capital Improvement Plan (CIP) <br />Preliminary 2026 General Fund Budget <br /> <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br /> <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 /> <br />PIR Fund <br />At the September 8, 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 per the below scenarios. The scenarios below assume when <br />bonding that it is for the PIR portions only. All project expenditures funded through the Enterprise <br />Funds will be serviced by revenues derived from user fees. Should the Enterprise Funds at any <br />point be deemed inadequate to address projected operational and capital requirements, the City <br />will have the ability to adjust user fees accordingly to ensure those obligations are met. Current <br />projections indicate the Enterprise Funds are in good financial standing. <br /> <br />These following italicized scenarios are new. Those scenarios that are not italicized remain <br />the same and are unchanged from the September 8, 2025 memo. <br /> <br /> <br /> <br />