City Council Agenda and Packet 2018 07 12 SP BUDGET

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L City{x Louisville COLORADO - SINCE 1878 CITY COUNCIL COMMUNICATION AGENDA ITEM 2B SUBJECT: 2019-2024 CAPITAL IMPROVEMENTS PLAN (C-I-P) DATE: JULY 12, 2018 PRESENTED BY: HEATHER BALSER, CITY MANAGER KEVIN WATSON, FINANCE DIRECTOR SUMMARY The attached 2019-2024 Capital Improvements Plan (C-I-P) reflects a preliminary recommendation from the City Manager. Although the C-I-P is presented as a separate document, it is an integral part of the overall biennial budget process. Based on Council discussion and direction at the Budget Retreat, the City Manager will include a final C-I-P recommendation with the 2017-2018 Recommended Biennial Budget in September. Process & Scope In January, the Finance Director issued to Department Directors instructions and forms to request projects to include in the C-I-P. On or before March 30, each Director submitted capital project requests for 2019 through 2024 for the following funds: • Open Space & Parks • Conservation Trust — Lottery • Cemetery • Historic Preservation • Capital Projects • Water Utility • Wastewater Utility • Storm Water Utility • Golf Course • Technology Management • Fleet Management The Finance Department tabulated and compiled the requests, which initially totaled over $90 million. The requests were then incorporated into the City's Long -Term Financial Model and compared with projected revenue and available reserves. After reviewing all the proposals, meeting with the Department Directors, and identifying the highest priorities, the City Manager is preliminarily recommending a C-I-P totaling $74.5 million. Please note that all recommended Recreation Center Projects are not included in the Recreation Center Expansion Project and are not listed in the additional alternatives. CITY COUNCIL COMMUNICATION 19