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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Appropriation <br />Agenda Date Requested: July 8, 2019 <br /> <br />Source of Funds: N/A <br />Requested By: M. Dolby <br /> <br />Department: City Council <br />Account Number: <br /> <br />Amount Budgeted: <br />Report Resolution Ordinance <br /> <br /> <br /> <br />Amount Requested: <br />Exhibits: 2019-20 Proposed CIP <br /> <br />Budgeted Item: Yes No <br /> <br /> <br />SUMMARY <br /> <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 />budget retreat. <br /> <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 /> <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 /> <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 /> <br />