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Roseville Finance Commission Agenda Item Page 1 of 11 Memo To: Roseville Finance Commission From: Chris Miller, Finance Director Date: May 9, 2017 Re: Item #7: Review DRAFT 2018-2037 Capital Improvement Plan Background The following information has been prepared to assist the Finance Commission in assessing the magnitude and financial impact of the DRAFT City’s 20-Year Capital Improvement Plan (CIP). The City Manager Recommended CIP is expected to be presented to the City Council on May 15, 2017. ** NOTE ** The information presented below is the same information that will be presented to the City Council on May 15. However, included in Attachment A includes partially-revised CIP funding scenarios created by the Finance Commission in prior years for the General Facilities, Park Improvement Program, and Pavement Management Program funds. It should be noted that some of the assumptions used to create these scenarios may no longer be applicable. ------------------------------------------------------------------------------------------ The CIP contains assumptions and estimations on asset lifespans and replacement costs. It also assumes that all existing city functions and programs will continue at current service levels and the City’s asset and infrastructure needs will remain unchanged moving forward. In addition, the CIP represents a projection of when asset replacements are likely to occur. Each individual asset is scrutinized prior to replacement to determine whether it’s still needed and if so, whether it truly has reached the end of its useful life. It’s not uncommon to defer the replacement of assets if they’re still in good working condition. Conversely, we sometimes determine that the replacement of an asset needs to be expedited because it’s failing sooner than expected.