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A Review of the Recommended Five-Year Capital Improvement Plan (CIP) for FY 2025-2030 for the CDBG, Water Fund, Parking Fund, Equipment Replacement Fund and Fleet Fund
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Introduction
This is the first in a series of annually scheduled Village meetings to prepare for the Capital Improvement Plan for the 2026 fiscal year's budget.
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Recommended Action
Prior Board Action
There is no prior Board action associated with these specific items.
Background
As part of the budget process, the Finance Committee provides a staff-recommended five-year Capital Improvement Plan (CIP). Once adopted by the Board, only the first year of the plan will be legally appropriated as part of the FY26 operating budget. The CIP has been divided into two parts for review and discussion between separate Finance Committee meetings.
Timing Considerations
There are no specific timing considerations associated with this item.
Budget Impact
The information will be included in the 2026 budget.
Staffing Impact
There is no staffing impact associated with this item. The item aligns with the department’s core service delivery.
DEI Impact
There is no DEI impact associated with this item.
Community Input
There has been no community input given in relation to this item.
Staff Recommendation
Approve the Ordinance.
Alternatives
There are no alternatives associated with this item.
Anticipated Future Actions
Staff will prepare the final document for Village Board adoption in October.
Prepared By: Donna M. Gayden, Interim Chief Financial Officer
Reviewed By: Ahmad M. Zayyad, Deputy Village Manager
Approved By: Kevin J. Jackson, Village Manager
Attachment(s):
1. CDBG
2. Water Fund
3. Parking Fund
4. Equipment Replacement Fund
5. Fleet Fund