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Report ID: 19-231   
Type: Regular - Finance & Audit
Meeting Body: Board of Directors - Regular Meeting
Meeting Date: 6/12/2019 Final action:
Recommended Action: Consider receiving an update on the draft FY 2019-20 through FY 2023-24 Capital Improvement Plan (CIP).
Attachments: 1. STAFF REPORT, 2. Att.1. Draft CIP, 3. Att.2. List of Unprogrammed Projects, 4. Att.3. Funding Sources
TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager
SUBJECT: Draft FY 2020-2024 Capital Improvement Plan

BRIEFING ITEM

RECOMMENDED ACTION(S):

Title
Consider receiving an update on the draft FY 2019-20 through FY 2023-24 Capital Improvement Plan (CIP).

Body
BUDGETARY/FISCAL IMPACT:

The CIP shows the District's planned capital needs for the next five years organized into broad categories. The CIP will ultimately have a fiscally constrained section, where the funding for projects is committed or expected, and an unconstrained section made up of prioritized projects that are not funded.
Staff projects $8.9 million in District Capital spending and $62 million in grant funded spending in FY 2019-20 to support ongoing projects in the first year of the CIP. An additional $1.8 million in new District Capital spending from new projects proposed to be added to the CIP brings the total to $10.7 million. An additional $15 million in financing proceeds are planned to be spent on the East Bay Bus Rapid Transit (EBBRT) project. The District Capital funds either function as match for grant funds or fully fund projects that are not eligible for grant funds but are priorities for the District. As the prioritization process continues staff may determine that additional District Capital spending is necessary to support priority projects.

It should be noted that the programming in the CIP does not guarantee implementation of a capital project. Staff makes a best estimate of the projects that can be implemented given District resources and funding available. If a project is not able to be implemented in the year it is programmed, it will be deferred until it can be implemented.
BACKGROUND/RATIONALE:

Board Policy 314 requires staff to develop a five-year CIP which is then reviewed by the General Manager and adopted by the Board. The adopted CIP will be updated at least every two years.
Process:
Staff began by reviewing all existing projects on the cur...

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