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File #:
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23-759
Version:
1
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Name:
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Type:
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Memo
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Status:
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Passed
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On agenda:
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9/26/2023
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Final action:
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9/26/2023
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Title:
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Receive and accept the Five-Year Capital Improvement Plan (CIP) for FY 2023-28.
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Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Executive
Subject: Five-Year Capital Improvement Plan for FY 2023-28
RECOMMENDATION:
title
Receive and accept the Five-Year Capital Improvement Plan (CIP) for FY 2023-28.
body
BACKGROUND:
The CIP is a planning document that outlines the County’s capital improvement needs over the next five years and summarizes the capital projects, projected expenditures and funding sources for the plan. The CIP is used in conjunction with the County Budget to help ensure a fiscally responsible and efficient use of existing resources. The CIP also allows the County to plan strategically for future financing beyond the current budget cycle. The County Executive’s Office has released three previous five-year CIPs: FY 2018-23, FY 2019-24, and FY 2021-26.
The CIP for FY 2023-28 includes updates to ongoing capital projects and identifies new projects. The CIP encompasses capital needs for new ground-up construction, renovation and repairs of existing County facilities, parks, and technology projects. CIP projects include those managed or supported by Project Development Unit (PDU), Department of Public Works (DPW), Parks Department, and Information Services Department (ISD). The CIP is once again being presented in an online format and will be available as of September 20 at <https://www.smcgov.org/ceo/county-san-mateo-five-year-capital-improvement-plan-fy-2023-28>
DISCUSSION:
The CIP for FY 2023-28 totals $477.4 million in FY 2023-24, $174.7 million in FY 2024-25, and $174.6 million in FY 2025-28 for a total of $765.5 million over the entire five-year period. The FY 2023-24 Adopted Budget includes rollover of unspent appropriations from the prior fiscal year.
The first two years of the CIP consist of budgeted expenditures that are included in the FY 2022-24 Adopted Budget and in the FY 2024-25 Preliminary Approved Budget. The projected expenditures shown for the remaining three fiscal years are included in the CIP for long-term project planning purposes but have not been appropriated and do not necessarily reflect a commitment of funds. Capital appropriations and priorities will need to be set for each two-year budget cycle.
The following table summarizes the CIP budget by funding source by year:
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Funding Source |
FY 2023-24 Adopted |
FY 2024-25 Proposed |
FY 2025-28 Total |
Five Year Total |
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Bond |
90,000,000 |
62,188,288 |
- |
152,188,288 |
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Debt Service Reserves |
9,481,311 |
4,000,000 |
12,000,000 |
25,481,311 |
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Departmental |
92,859,698 |
3,797,498 |
- |
96,657,196 |
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Facility Surcharge |
7,361,606 |
5,000,000 |
15,450,000 |
27,811,606 |
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General Fund- Non-Departmental |
179,468,505 |
7,810,001 |
29,366,099 |
216,644,605 |
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Grants/Donations |
17,541,973 |
- |
- |
17,541,973 |
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Measure K |
71,745,657 |
83,890,864 |
50,460,617 |
207,975,218 |
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Other/External |
3,785,262 |
- |
- |
3,785,262 |
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Prop 172 |
5,162,694 |
- |
- |
6,456,234 |
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To Be Determined |
- |
8,000,000 |
3,000,000 |
11,000,000 |
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Grand Total |
477,406,706 |
174,686,651 |
110,276,716 |
765,541,693 |
EQUITY IMPACT:
The County of San Mateo is dedicated to ensuring that all residents and employees can conduct business and work in functional, safe, and accessible buildings and facilities as well as utilize reliable and secure technology when and where appropriate. The capital projects in this plan have been designed, implemented, and constructed to meet safety and accessibility needs for all residents and employees.
FISCAL IMPACT:
There is no fiscal impact associated with receiving the FY 2023-28 Capital Improvement Plan.
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