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HomeMy WebLinkAboutAgenda Bill Memo 07/14/2004 (2)CITY OF PETALUMA, CALIFORNIA MEMORANDUM Finance Department, 11 English Street, Petaluma, CA 94952 (70.7) 778 -4352 Fax (707) 778 -4428 E-mail. finance&i petaluma: ca. us DATE: July 9, 2004 4 TO Mi an, City'Manager FROM: Josep D. Netter, Interim,Finance Director SUBJECT: Replacement Capital Improvement Projects (CIP) — Budget 2004 -05 Attached for your review is fiscal' thexeplacement Capital Improvement Projects (CIP) for Proram m lus CIP i's.all the m `leie cit de Capital Im provement budget 2004 -05. 'This complete citywide Program , cluding the following functional areas: 1. Public Transportation 2. Community'Facilities 3. Petaluma Community Development Commission (PCDC) 4. Parks 5. Surface Water 6. Water Utility 7. Wastewater Utility There e have docuinent submitted ochanges v1a t LP on submitted iii the comprehensive bud g y 5 h 2004 The ersion included with this memo provides for a presentation.for Fiscal Year 03 -04 with two additional columns in each functional area summary sheet —as follows: FY 03 -04 Estimated and FY 03 -04 Estimated Aetual Encumbrance This rovides City Management p y g and`City Council with the actual paid 'expenses for each proj'ect'along with an estimate of the amount encumbered (ear_ markedj to.,be spent as :previously appropriated for`FY 03 -04. Turn Over ti There have also been some reporting changes since the first version.has been distributed. These changes include: Most of the Street Projects have been moved to the Public Transporiation.Section and funded from the "Street Reconstruction Fund ". This includes' funding from Gas Tax; PCDC and Traffic. Mitigation Fees. These resources identified to fund street reconstruction will now be transferred to. the Street Reconstruction Fund... and - then .used from this account to fund the project. • The Street Reconstruction project•originally listed in the PCDC area has been transferred to the Public Transportation section. On the Project basis there have been some changes since the first version has been distributed due to better estimates of costs and changes that reflect more current economic conditions. The more salient changes are as follows: Public Transportation • Addition street reconstruction funding has been provided • Airport,,Hanger Project has been'listed Community Facilities • Police Building renovation has been listed for 06 -07 fiscal year PCDC • Gateway Landscape Improvement project has been suspended • Brownfields EPA studies has been added due to a grant received, • Kenilworth Street improvements project has been added • Certain project cost estimates have been revised to be more accurate Parks Aquatics revisions Petaluma Jr. High field revised estimates Skate park replacement added Surface Water • Revised project estimates Water Utility • Phase 2 Recycled water project moved into this division • Revised project estimates Wastewater Utility • Phase 2 Recycled water project moved out of this division o Revised project estimates This CIP is presented for discussion and will be presented for formal approval at the Council meeting of July 19, 2004. If you should have any questions about the contents of this memorandum please feel free to contact me.