TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: RN Mendoza, Financial Analyst
SUBJECT:
title
CIP Budget Workshop - Proposed Capital Improvement Plan FY 2025/26 to FY 2029/30
titleend
RECOMMENDATION
recommendation
Discuss and provide direction to staff regarding the Proposed Fiscal Year 2025/26 Capital Improvement Budget and the Proposed Fiscal Years 2025/26 to 2029/30 Capital Improvement Plan; and
Receive and file the report.
body
PRIOR ACTION/VOTE
On May 8, 2024, the Planning Commission adopted Resolution PC-2024-04, recommending to the City Council that they find that the proposed Capital Improvement Plan FY 2024/25-2028/29 was in conformance with the City of Murrieta General Plan (Vote: 5-0).
On June 4, 2024, a joint resolution of the City Council of the City of Murrieta and the Boards of Directors of the Community Services District, Murrieta Fire District, and the Successor Agency for the Murrieta Redevelopment Agency adopted a series of Resolution Nos. (24- 4745, MLB-24-19, CSD 24-280, RSA 24-32, and MFD 24-222) approving the Capital Improvement Budget for FY 2024/25 and approving the FY 2024/25-2028/29 Capital Improvement Plan (Vote: 5-0).
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
BACKGROUND
This report presents to the City Council the proposed Capital Improvement Plan (CIP) and budget for Fiscal Years (FY) 2025/26 to 2029/30, which provides funding for the City's capital projects for FY 2025/26 and planning for the following four years.
The City of Murrieta's (City) Capital Improvement Plan establishes a master plan and long-term funding strategy to implement non-recurring and recurring major construction or repair projects. CIP projects may include:
* Acquisition of land and right-of-way;
* Construction of buildings, roadways, bridges, drainage, and parks, includin...
Click here for full text