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CITY OF
MURRIETA
File #: 24-602    Version: 1
Type: Workshop Status: Agenda Ready
File created: 4/10/2024 In control: City Council
On agenda: 5/7/2024 Final action:
Effective date:    
Title: CIP Budget Workshop - Proposed Capital Improvement Plan FY 2024/25 to FY 2028/29
Attachments: 1. ATT 1 - New Proposed Capital Improvement Projects FY 2024-25, 2. ATT 2 - DRAFT Proposed Capital Improvement Plan FY 2024-25 to 2028-29 Part 1 of 2, 3. ATT 2 - DRAFT Proposed Capital Improvement Plan FY 2024-25 to 2028-29 Part 2 of 2, 4. ATT 3 - Received After Agenda Printed - CIP Budget Workshop Presentation
Related files: 24-678
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TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL

FROM: Javier Carcamo, Finance Director

PREPARED BY: Roland Mendoza, Financial Analyst

SUBJECT:
title
CIP Budget Workshop - Proposed Capital Improvement Plan
FY 2024/25 to FY 2028/29
end


RECOMMENDATION
recommendation
Discuss and provide direction to staff regarding the proposed Fiscal Year 2024/25 Capital
Improvement Budget and the proposed Fiscal Years 2024/25 to 2028/29 Capital Improvement Plan; and

Receive and file the report.

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PRIOR ACTION/VOTE
On June 14, 2023, the Planning Commission adopted Resolution PC-2023-08, making a recommendation to the City Council that they find that the proposed Capital Improvement Plan FY 2022/23-2026/27 was in conformance with the City of Murrieta General Plan (Vote: 5-0)1.

On August 15, 2023, 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. (23- 4699, MLB-23-18, CSD 23-278, RSA 23-30, and MFD 23-221) approving the Capital Improvement Budget for FY 2023/24 and approving the FY 2023/24-2027/28 Capital Improvement Plan (Vote: 5-0).

CITY COUNCIL GOAL
Plan, program and create infrastructure development.

BACKGROUND
In this report, the Finance Department presents to the City Council the proposed Capital Improvement Plan (CIP) and budget for Fiscal Years (FY) 2024/25 to 2028/29, which provides funding for the City's capital projects for FY 2024/25 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-reoccurring and recurring major construction or repair projects. CIP projects may include:
? Acquisition of land and right-of-way;
? Construction of and repairs to buildings, roadways, bridges, drainage, and parks, including major repair, reconstr...

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