Title
a. Receive a report on the County of Monterey Capital Improvement Program Five Year Plan FY 2017-18 through 2021-22 process; and
b. Provide direction regarding unfunded Capital Improvement projects based on priority ranking.
Report
RECOMMENDATION:
It is recommended that the Capital Improvement Committee:
a. Receive a report on the County of Monterey Capital Improvement Program Five Year Plan FY 2017-18 through 2021-22 process; and
b. Provide direction regarding unfunded Capital Improvement projects based on priority ranking.
SUMMARY:
RMA is seeking Capital Improvement Committee direction and support for the draft County of Monterey Capital Improvement Program Five-Year Plan (Attachment A). This report includes lists reflecting projects that are fully funded, partially funded, and unfunded. Projects listed include what RMA is planning as part of the capital budgets (including 002, 401, 402, 404) that RMA manages, as well as projects identified by other County departments funding through their budgets. The CIP includes summary lists followed by detailed descriptions of each project and project budget.
Primary focus is given to projects with funding in the upcoming Fiscal Year (FY 2017/18). FY 2017-18 through FY 2021-22 includes sixty-six (66) fully funded projects with a five-year total value of $330.9 million and twelve (12) partially funded active projects with a five-year total value of $123.5 million for a combined total of $454.4 million. Staff is also seeking direction for critical unfunded projects. This list identifies sixty-six (66) projects with an unfunded need for FY 2017-18 of $49.1 million and a total estimated cost of $144 million.
DISCUSSION
Resource Management Agency is lead for developing the County's Capital Improvement Program Five Year Plan (CIP). The purpose is to summarize the County's overall capital project needs and illustrate how available capital funds are allocated to assist with budgeting for the next Fiscal Year,...
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