HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 1 6-0 1 205
Date: 7/29/2016 Requesting Department: Office of Management and Budget
Commission. Meeting Date: 9/6/2016 District Impacted: Citywide
Type: Z Resolution ❑ Ordinance ® Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Resolution approving the City of Miami "Fiscal Year 2016-17 Multi -Year Capital Plan"
Purpose of Item:
Law Department
Matter ID No.
To approve the City of Miami's "Fiscal Year 2016-17 Multi -Year Capital Plan" as required by the Local
Government Comprehensive Planning and Land Development Regulation Act, more particularly, Section 163.3177,
Florida Statutes (2016), and pursuant to Chapter 18/Article IX/Divisions I and II of the Code of the City of Miami,
Florida, as amended ("City Code"), entitled "Financial/Financial Policies/Anti-Deficiency Act/Financial Integrity
Principles".
Background Information:
The Office of Capital Improvements is tasked with the responsibility to execute capital improvement projects. Pursuant to
Chapter 18/Article IX/Divisions I and II of the City Code, entitled "Financial/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 proposed capital plan identifies $1,110.8 million in projects ($441.7 million funded, $243 partially funded, and $426.1
unfunded) for the Fiscal Year plus five additional years. The six year plan includes 899 projects (411 active and 488 future).
During the current Fiscal Year new capital appropriations totaling $54.8 million will be used to fund 92 projects that currently
have an active or future status as detailed in the capital plan.
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:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
$880.9
various
Final Approvals
(SIGN_ AND DATE)
Bu
If using or receiving capital funds
Grants
N/A
Risk Management
Procurement /A Dept. Dire
Chief City Manager
N/A
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