HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
14-00884
FILE ID:
Date: 8/26/14
Commission Meeting Date: 9/9/14
Requesting Department: Management & Budget
District(s) Impacted: All
Type: 1 Resolution ❑ Ordinance ❑ Emergency Ordinance C Discussion Item
Law Department
Matter ID No.
Subject: Resolution approving the City of Miami "FY 2014-15 Multi -Year Capital Improvement Plan".
Purpose of Item:
To approve the City of Miami "FY 2014-15 Multi -Year Capital Improvement Plan" as required by the Local
Government Comprehensive Planning and Land Development Regulation Act, more particularly, Section 163.3177,
Florida Statutes (2014), and pursuant to Chapter 18/Article IX/Divisions 1 and 2 of the Code of the City of Miami,
Florida, as amended ("City Code"), entitled "Finance/Financial Policies/Anti-Deficiency Act/Financial Integrity
Principles."
Background Information:
The Capital Improvements Program is tasked with the responsibility to execute capital improvement projects,
including the fiscal management and tracking of all capital expenditures. Pursuant Chapter 18/Article IX/Divisions
1 and 2 of the City Code, entitled "Finance/Financial Policies/Anti-Deficiency Act/Financial Integrity Principles,"
the City is required to prepare a capital plan detailing improvements needed to support City services. The Capital
Plan identifies $995.2 Million in projects ($347.9 Million funded, $184.6 Million partially funded, and $462.7
Million unfunded) for the current Fiscal Year plus five (5) additional years. The plan is detailed by fund and
identifies revenue sources.
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No: Various
YES Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $532.5 Million
Final Approvals
(SIGN AND DATE)
CIP N/A Bud
................................................ .
Ifusing or receiving capital funds
Grants N/A Risk Management
Purchasing
Chief
/A
Dept. Dire or
City Manage,
N/A
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