|
Back to Calendar
Return
|
| |
Regular-General Government # 20.
|
| Board of Supervisors Meeting |
County Administrator |
|
|
|
| Subject |
| Adopt fiscal years 2016-2018 inaugural report of the Capital Improvement Plan. (No general fund impact) (Nunes/West) |
| Recommended Action |
Adopt fiscal years 2016-2018 inaugural report of the Capital Improvement Plan as a strategic planning tool for the management of capital asset projects in the County.
|
| Strategic Plan Goal(s) |
Robust Economy
Safe Communities
Thriving Residents
Sustainable Environment
Flourishing Agriculture
|
| Reason for Recommended Action/Background |
Background
On April 29, 2014, the Board adopted the Capital Asset Management policy into the Yolo County Administrative Policies and Procedure Manual. The policy called for the development of a consolidated three-year capital asset management plan, known as the Capital Improvement Plan (CIP). This inaugural report of the FY 2016-2018 CIP fulfills that directive.
The CIP is to serve as a tool to aid in strategic planning for the future needs of the County. It includes capital projects for the next three fiscal years (2016-2018) that are in various stages of implementation and projects included in several Board adopted plans. Each year the document will be updated by the Capital Projects Coordinator with assistance from the Capital Improvement Committee.
The CIP is designed to identify and address the County’s capital needs over a three-year period. Each year the CIP Program will be updated to incorporate capital needs over the next three years. For example, in the first year the CIP will identify the capital needs for years 1-3; in the second year the CIP will identify the capital needs for years 2 – 4. In this manner, the County will continually produce a rolling three-year CIP Program. While this approach will result in some overlap from year-to-year, it provides the flexibility to respond to changing needs and priorities, and will ensure that future capital needs are continually evaluated and planned for.
Adoption of the Capital Improvement Plan does not indicate the Board of Supervisors' approval of any specific project concept or funding plan. Rather the CIP provides an identification of the estimated available revenues and costs associated with each project. While the CIP does not indicate approval of a project, only projects included in the Board-approved CIP will be considered for funding with the exception of emergency needs. Final appropriations for projects are to be included in the respective department budgets submitted in the annual recommended budget.
Objective
The CIP is to serve as a tool for sound fiscal planning and project implementation to further the Strategic Plans Goals of the County. Specifically, the document seeks to:
-
Provide a consolidated document of County capital projects for public review
-
Facilitate long range fiscal planning
-
Allow for prioritization of capital projects based on County goals
The Inaugural Report
The FY 2016-2018 CIP Inaugural Report is the first issuance of the CIP. It includes 21 capital projects brought forth by various departments that were reviewed and compiled into the CIP by the Capital Improvement Committee. Many of these projects are derived from the Jacobs strategic space utilization study adopted by the Board in January of 2015. The document itself provides an overall financial picture of the revenues and expenditures for all of the projects included as well as a brief description of each individual project.
While many of the projects listed in this report are supplemented with funding from a variety of sources, there are still projects with unidentified funding needs. As a result, the County has contracted with KNN Public Finance to develop a Finance Plan associated with this Inaugural Report. The financing plan will assist the County regarding future financing decisions for projects listed in the CIP. |
| Collaborations (including Board advisory groups and external partner agencies) |
Capital Improvement Committee
|
|
| Fiscal Impact |
|
|
| Source of Funds for this Expenditure |
|
|
Explanation (Expenditure and/or Revenue) |
| Further explanation as needed: |
| While there is no direct fiscal impact associated with adoption of the CIP Plan, implementation of the Plan will result in substantial costs to be funded from a variety of sources, including the General Fund. In addition to one-time capital costs (such as design and construction), some projects may result in ongoing operating costs, including the potential for additional staffing needs. Any debt financing that is issued pursuant to the CIP Finance Plan will result in ongoing debt service payments to be funded by the General Fund or other specified revenue sources. Additional detail on specific project and debt service costs, including any associated operating impact, will be provided as the CIP Finance Plan and individual projects are brought forward for Board approval. Any debt issuances will be reviewed by the Debt Committee and approved by the Board in accordance with the County Borrowing and Debt Policy. It is anticipated that the 2016-18 CIP Finance Plan will be presented to the Board in January 2016. |
|
|
|
|
|