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File #:
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21-737
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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9/28/2021
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Final action:
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9/28/2021
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Title:
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Receive and accept the Five-Year Capital Improvement Plan (CIP) for FY 2021-26.
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Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael Callagy, County Manager
Subject: Five-Year Capital Improvement Plan for FY 2021-26
RECOMMENDATION:
title
Receive and accept the Five-Year Capital Improvement Plan (CIP) for FY 2021-26.
body
BACKGROUND:
The Five-Year CIP is a planning document that identifies both short- and long-term capital improvement needs of the County, and aligns those needs with the appropriate financing, scheduling, and implementation. The CIP is used in conjunction with the County Budget to help ensure a more 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 Manager’s Office has released two previous five-year CIPs: FY 2018-23 and FY 2019-24.
The CIP for FY 2021-26 includes updates to the previous five-year CIPs as well as newly-added projects. The CIP encompasses capital needs for new ground-up construction, renovation and repairs of existing County facilities, and parks. CIP projects include those managed or supported by Project Development Unit (PDU), Department of Public Works (DPW), and Parks Department. For the first time, the Five-Year CIP is being presented in an online format, and will be available as of the morning of September 28 at https://cmo.smcgov.org/cip.
DISCUSSION:
The County of San Mateo’s Five-Year Capital Improvement Plan for FY 2021-26 totals $563.7 million in FY 2021-22, $167.7 million in FY 2022-23, and $159.7 million in FY 2023-26 for a total of $891.1 million over the entire five-year period. The FY 2021-22 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 captured in the FY 2021-22 Adopted Budget and in the FY 2022-23 Preliminary Approved Budget. The projected expenditures shown for the remaining three fiscal years are included in the CIP for long-term project planning purposes and do not necessarily reflect a commitment of funds. Capital appropriations and priorities will need to be set for each two-year budget cycle. As funding sources change and evolve, the information in the CIP will be periodically updated.
The following table summarizes the CIP budget by funding source by year.
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Funding Source |
FY 2021-22 Adopted |
FY 2022-23 Projected |
FY 2023-26 Projected |
FY 2021-26, Total |
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General Fund |
137,811,407 |
155,582,543 |
135,293,636 |
428,687,586 |
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Bond |
364,100,594 |
- |
- |
364,100,594 |
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Departmental |
29,457,985 |
977,626 |
18,133,186 |
48,568,797 |
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Measure K |
26,575,356 |
6,650,000 |
6,200,000 |
39,425,356 |
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Rent Facilities Service Charge |
2,904,208 |
258,166 |
- |
3,162,374 |
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Grants/Donations |
2,849,095 |
4,245,000 |
100,000 |
7,194,095 |
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Total |
563,698,645 |
167,713,335 |
159,726,822 |
891,138,803 |
FISCAL IMPACT:
There is no fiscal impact associated with receiving the FY 2021-26 Capital Improvement Plan.
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