Loading...
HomeMy WebLinkAboutItem No. 35a - CIP BUDGETFY2025 -26 to FY 2029 -30 Capital Improvement Plan Budget June 24, 2025 City Council Meeting Our Strategic Priorities & Vision •Public Safety •Economic Development •Recreation •Transportation •Education and Service “The City of Lake Elsinore will be the ULTIMATE lake destination where all can live, work, and play, build futures, and fulfill dreams.” Budget Process Departments Submits Budget & CIP Requests – Feb. 28 Executive Staff Review Requests & Conduct Budget Hearings with Departments – Starting April 24 Draft Budget Reviewed by Budget Subcommittee – May 7 Planning Commission Public Hearing – June 3 Formal Adoption by City Council – June 24 Capital Improvement Program Updated and adopted every year for five years. Outlines all City capital projects currently planned including infrastructure, roads, parks, facilities, lake and more. Provides detailed information regarding funding sources and project description. Projects can be unfunded, partially funded or fully funded. Capital Improvement Program Budget at a Glance ▪ 76 Projects in the Program •38 Circulation •9 Infrastructure •12 Facility •17 Park Total Cost of Plan $736,456,684 Funding Sources Measure Z $14,015,918 ARPA $886,406 RMRA $3,773,781 Gas Tax $539,562 TUMF $9,510,000 Measure A $1,987,812 SB 821 $182,230 DIF $4,386,992 CDBG $1,179,890 NPDES $450,000 Reimbursements/Other $43,086,600 Grants $13,238,320 AB 2766 $275,838 CIP Questions?