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Date:September10,2012 Item:12.a Receive2012CIP Memorandum SubcommitteeRecommendations 1 2 3Date: September 10, 2012 4 5To: Roseville Residents and Businesses, Fellow City Councilmembers, and City Staff 6 7From: Mayor Dan Roe, City Councilmember Jeff Johnson, City Manager Bill Malinen, and 8 Finance Director Chris Miller 9 10Subject: Phase II of Recommendations from the CIP Subcommittee 11 12 The Purpose of the Subcommittee 13 14 15As noted in 2011, this subcommittee was established by the City Council as the result of the 16Council/Staff work plan discussions held earlier that year. The subcommittee was made up of 17Mayor Roe, Councilmember Johnson, City Manager Malinen, and Finance Director Chris Miller. 18The purpose of the subcommittee was to determine a path to a sustainable capital funding plan 19for the City in light of the ongoing under-funding of capital replacement needs, and to propose a 20plan for consideration by the community and the City Council. 21 The Problem – A Reminder 22 23 24As a refresher of information contained in the 2011 proposals, in total, the capital needs for the 25City for the next 20 years have been estimated to amount to around $218 million. Of that total, 26about $148 million (68% - over two thirds) were un-funded by then-current sources as projected 27over the next 20 years. A graphic example of that situation follows: 28 Å r r Å r r /ÒÒ·zÝ; /Ò©©;· Å r r CÒ7zm /ÒÒ·zÝ; Å r r t©;-·;7 /· Å r r Å 29 30 31 Figure 1. Current Situation - All Funds. The red bars represent cumulative annual capital 32 costs, while the green area represents cumulative projected current annual budgeted capital 33 funding. All figures are in 2012 dollars. 34 35