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Roseville Finance Commission Agenda Item Page 1 of 2 Memo To: Roseville Finance Commission From: Chris Miller, Finance Director Date: December 13, 2016 Re: Item #4: Continue Discussion on the Capital Improvement Plan (CIP) Document Format & Priority Setting Process Background At the October 9, 2016 Finance Commission meeting, the Commission discussed alternative CIP document formats used by other cities as well as the value of conducting a priority-setting exercise for scheduled asset replacements contained in the CIP. Commission Chair Schroeder agreed to talk with a couple of councilmembers to determine if there was interest in adding additional detail to the CIP document, especially for asset replacements scheduled in the near-term. Commissioner Schroeder will report back to the Commission on her findings. Also at the October meeting, the Commission agreed to continue discussing the concept of assigning CIP priorities given the fact that some of the City’s asset replacement funds are not yet fully sustainable. The CIP priorities identified by the City of Minnetonka was an example of what Roseville might consider doing. An excerpt of Minnetonka’s CIP document describing its funding priorities and planning principles is shown below. [From the City of Minnetonka CIP Document] Funding Priorities Reinvestment for the replacement, maintenance, or increased efficiency of existing systems will have priority over the expansion of existing systems or the providing of new facilities and services. Priority rankings include: 1. Projects necessary for public health and safety, or to meet legal mandates. 2. Projects which help maintain or make existing systems more efficient. Cost-benefits and coordination with related projects will be considered. 3. Projects expanding existing systems, providing new services, or for general community betterment.