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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: July 8, 2019 <br />Requested By: M. Dolby <br />Department: City Council <br />Report �r Resolution Ordinance <br />Exhibits: 2019-20 Proposed CIP <br />Appropriation <br />Source of Funds: N/A <br />Account Number: <br />Amount Budgeted: <br />Amount Requested: <br />Budgeted Item: ir Yes ir No <br />SUMMARY <br />Staff is working diligently to put together a Proposed FY 2019-20 Budget for City Council <br />consideration. In doing so, staff has compiled all of the proposed capital improvement projects <br />for the upcoming budget. Many of these projects were presented and discussed at this year's <br />budget retreat. <br />If all projects are officially approved with the budget in August, the total General CIP funding <br />will total $12,787,890. This would require a general fund balance draw down of $7.6 million to <br />fund all of those identified projects. This would be a significant draw down of the fund balance. <br />This item is placed on the agenda to allow for discussion of those currently identified projects. <br />An option would be to prioritize these projects and allocate funding for them over the next three <br />years avoid such a significant draw down. <br />RECOMMENDED MOTION <br />Move to fund all previously identified projects in FY 2019-20. <br />Move to direct staff to revise the listing of projects for funding in FY 2019-20. <br />