TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager
SUBJECT: Five-Year Capital Improvement Plan
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider adopting the five-year Capital Improvement Plan (CIP) for Fiscal Years (FY) 2021-22 through 2025-26.
Body
STRATEGIC IMPORTANCE:
Goal - Safe and Secure Operations
Initiative - Infrastructure Modernization
Capital investments can support all the District's goals, the four goals most applicable to the capital investments in the CIP are: Safe and Secure Operations; Convenient and Reliable Service; Financial Stability and Resiliency; and Environmental Improvement.
The initiative most directly applicable to the CIP is Infrastructure Modernization, as nearly all projects in the CIP relate to replacing and upgrading current infrastructure, including Information Technology (IT) systems, to maintain our facilities, and vehicles in a state of good repair. In addition, the CIP also supports the initiatives for Service Quality, Zero Emissions Programs, and Financial Efficiency and Revenue Maximization.
BUDGETARY/FISCAL IMPACT:
The Capital Improvement Plan (CIP) is a five-year view of anticipated capital needs and an effort to strategically plan and prioritize capital expenditures and activities. The CIP shows the District's planned capital needs for the next five years organized into broad categories. The first year of the CIP is the coming fiscal year FY 2021-22 capital budget, and the second year, FY 2022-23, is fiscally constrained with District capital and anticipated grant funds going to projects in this year. The final three years of the CIP are made up of prioritized projects that are not fully funded.
Staff projects a total of $375 million in capital spending over the next five fiscal years, from FY 2021-22 to FY 2025-26. Most of these dollars will be grant funds, with District capital funds functioning either as match for grant funds or fully funding projects that are not eligible fo...
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