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Department Approval �. �: � Item Description �� .r- REQUEST FOR COUNCIL ACTION Date: 10/19/15 Item No.: 13.a City Manager Approval Continue Discussions on the 2016 Capital Improvement Plan BACKGROUND � At the April 20, 2015 City Council meeting the Council established a 2016 Budget Calendar which outlined a series of steps to establish an eventual budget. The calendar is as follows: 2016 Budget Calendar Departmental Budget Presentations .............................................................. May 27, June 1, 2015 Discussion on City Council Budget Goals & Priorities ............................................ June 15, 2015 Present the City Manager Recommended Budget ..................................................... July 13, 2015 Present the City Manager Recommended Budget to the Finance Commission ........ July 14, 2015 Preliminary Budget Hearing ................................................................................. August 10, 2015 � Joint Meeting with the Finance Commission/Review CIP Funding Strategies.... August 17, 2015 Adopt the Preliminary Budget ......................................................................... September 14, 2015 - Continue Discussions on the Budget/Review Water & Sewer Fees ....................October 19, 2015 Final Budget Hearing .......................................................................................November 30, 2015 Adopt the 2016 Water & Sewer Rates ............................................................... December 7, 2015 Adopt the 2016 Final Budget ............................................................................. December 7, 2015 The City Council reviewed the CIP and Funding Strategies at the August 17, 2015 meeting. Since that meeting, City Staff have further refined the CIP and is recommending the following changes: 0 Move the planned $200,000 expansion of the City Campus geothermal system from 2016 to 2017 0 Move the planned $20,000 improvements at the Dale Street athletic fields from 2016 to 2018 ❑ Move the $115,000 Arena Zamboni replacement from 2016 to 2025 as it was recently replaced 0 Transfer $25,000 from the Central Services Equipment Fund to the General Facilities Fund ❑ Transfer $50,000 from the Police Vehicle & Equipment Fund to the Gene�al Facilities Fund 0 Transfer $225,000 from the Public Works I�ehicle & Equipment Fund to the General Facilities Fund These changes will effectively reduce the 2016 Recommended Budget by $335,000. However, they will not have an impact on the 2016 Tax Levy because the CIP funding needs are amortized over a 20- year period. Page 1 of 5