Submitted By
Donna Gayden, Interim Chief Financial Officer
Reviewed By
Ahmad Zayyad, Deputy Village Manager
Agenda Item Title
Title
A Review of the Recommended Five-Year Capital Improvement Plan (CIP) for Fiscal Year 2025-2029
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Overview
Overview
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 FY25 operating budget.
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Recommendation
Recommendation
N/A
Background
The recommended CIP is developed in consultation with the Public Works Director and multiple other operating departments. The Village Manager, Deputy Village Managers and the Finance department held multiple internal review meetings with operating departments to review all requested projects and to prioritize and discuss other pertinent matters regarding the ways in which projects correlate with the Board’s goals and public safety.
Fiscal Impact
N/A
DEI Impact
N/A
Alternatives
N/A
Previous Board Action
N/A
Citizen Advisory Commission Action
N/A
Anticipated Future Actions/Commitments
Staff will prepare the final CIP document for the Village Board’s adoption in October.
Intergovernmental Cooperation Opportunities
N/A