Agenda Item Wording:
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Capital Improvement Program - Review FY 2024/25 and 2025/26 Capital Improvement Program (CIP) Budget for Narcotics Forfeiture Fund (621)
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Deadline for Action: 5/6/2024
Submitting Department: Finance and Technology Services
Contact Name and Phone Number:
Melody Murch, (559) 713-4379, melody.murch@visalia.city
Renee Nagel, (559) 713-4375, renee.nagel@visalia.city
Department Recommendation:
That the City Council receive this presentation of the City's draft Capital Improvement Program (CIP) budget for the Narcotics Forfeiture Fund (621) and provide direction as appropriate. The Council is scheduled to act upon the CIP budget during the month of June 2024 in conjunction with the operating budget. No formal action is required or requested at this time.
Background Discussion:
The Review Process- Council has reviewed all Capital Budget Requests in prior Work Sessions, however, the Narcotics Forfeiture Fund (621) was excluded from the visual presentation made on April 15, 2024 in error. For this reason, the budget detail for the Narcotics Forfeiture Fund is being brought for Council review and direction prior to final adoption of the 2-year budget planned for June 2024.
The Capital Improvement Program presents the two fiscal years 2024/25 and 2025/26 for adoption and appropriation. Four additional years are shown for planning purposes only. This allows Council to plan future projects and consider the near-term impacts of those decisions. However, only the first two years are proposed for appropriation and deserve greater scrutiny. Amounts included in the final four years will not be appropriated in the 2-year budget.
Staff has prepared a Power Point presentation to review the proposed Capital Program for the Narcotics Forfeiture Fund. CIP Project Managers will be available to address Council's questions on proposed projects. To assist Council in reviewing the proposed CIP projects, staff recommends the fol...
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