TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: RN Mendoza, Financial Analyst
SUBJECT:
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Consideration of the Fiscal Year 2024/25 Capital Improvement Plan Budget and Approve the Capital Improvement Plan for Fiscal Years 2024/25 to 2028/29
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RECOMMENDATION
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Adopt Joint Resolution No. 24-4745 et al. entitled: A Joint Resolution of the City Council of the City of Murrieta and the Boards of Directors of the Murrieta Library District, Murrieta Community Services District, Murrieta Fire District, and the Successor Agency for the Murrieta Redevelopment Agency, Approving the Capital Improvement Plan Budget for Fiscal Years 2024/25, Approving the Fiscal Years 2024/25 to 2028/29 Capital Improvement Plan, Authorizing the Operating Transfers for Various Funds; Authorizing the Use of Unassigned Fund Balances and Committed Fund Balances.
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PRIOR ACTION/VOTE
On May 7, 2024, the City Council held a workshop to receive a presentation and report from City staff on the Proposed Capital Improvement Plan and Budget for Fiscal Year 2024/25 through Fiscal Year 2028/29 (Non-Action Item).
On May 8, 2024, the Planning Commission adopted a Resolution finding the project additions to the Capital Improvement Plan in conformance with the General Plan (Vote: 5-0)1.
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
BACKGROUND
One of local government's primary responsibilities is creating and preserving a community's physical infrastructure. The City of Murrieta's (City) infrastructure and capital improvement plan includes roads, bridges, stormwater systems, public buildings, parks, open space, communication, and information management systems. Given that these types of infrastructure projects require a significant commitment of public resources, long-range planning for capital improvements...
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