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Regular City Council Meeting Monday,May 15, 2017 Page 4 Nays: None. 7. Business Items (continued) C. Receive 2018—2037 Capital improvement Plan (CIP) Finance Director Chris Miller reviewed the 2918 budget process timeline,including tonight's scheduled presentation of the 2918-2037 CIP update. Councilmember McGehee thanked staff for preparing this information,opining that tonight's packet was the best yet received, especially the individual department de- tail, making the budget process much more transparent. Finance Director Miller thanked Councilmember McGehee for recognizing that ex- tra effort as staff continues to be more responsive to the needs of the public, City Council,working in conjunction with the Finance Commission's advisory support. Mr. Miller noted that the goal was to provide sufficient information for good deci- sion-making, and asked for additional feedback and comments to continue making the process better. Finance Director Miller provided a brief overview of the details contained in the Request for Council Action(RCA)of today's date and attachments,including high- lighted areas needing the City Council's attention,both property tax supported and fee-supported funds. Mr. Miller focused on five specific areas as follows: ■ CIP summary(page 2, line 37) and available funds to cover those capital needs based on current funding(page 3, lines 44—51); ■ Analysis of tax-supported asset replacement funds highlighting three funds and their status requiring more discussion (page 3, line 54—page 5, line 20); ■ Analysis of fee-supported asset replacement funds highlighting four funds and their status requiring more discussion (page 6, line 123 — 143 for communica- tions, sanitary sewer, storm sewer and golf course); ■ Funding strategies (page 7-8, line 144—page 8, line 199); and ■ Property tax impacts (page 9, line 207—page 10, line 220). Councilmember Willmus requested additional information of dollar deficit in addi- tion to percentage projections for 5, 10 and 20 years out. Finance Director Miller noted that the 2018 —2019 plans laid that information out for City Council consid- eration in addressing those deficits,but would also be coming back with additional information as requested, for City Council attention. Funding Strategies and Impacts Finance Director Miller noted the four staff recommendations (line 166 — 196) based on the more detailed information and going forward. In terms of the $160,000 tax levy increase recommendation, Councilmember McGehee asked about the type of impact that would create. Finance Director Miller