CIP Financing Plan (previously named Future G.O. Bond)
Budget & Strategy
Percent Complete: 50%
Start Date: 10/01/2019
End Date: 09/30/2022
In Fiscal Year 2020, to ensure continuous funding for recurring CIP projects, the Budget and Strategy staff met with each department to review and discuss all capital projects listed on their CIP plan. During the budget process the question of “Can we afford to own what we own?” was asked. Additional facilities and radio replacement plans were identified. Approximately $5 million dollars in recurring CIP was identified and less than half of the funding was built into the City’s five-year forecast. Those projects that were found to be non-recurring or not fiscally able to support were moved to an unfunded capital list as an appendix to the CIP plan which is referenced during the budget process and throughout the year as funding becomes available for additional projects. As a result of COVID-19, staff did not want to burden residents and businesses in a year where scaling back was universally understood. However, this will be addressed with the City Commission in FY2022.
The FY22 Capital Improvement Plan was approved as part of the FY22 Annual Budget at the September 22, 2022 Regular City Commission meeting. Staff continues to develop a plan a fleet and facilities plan.
Capital Budget: $ 0.00
Initiatives: Closed Out/Completed | On Target/In Progress | Behind Schedule/Late | Discussion Needed Retreat/Workshop Item | Delay/Hold | No Milestone | Not Defined
Initiatives: Closed Out/Completed | On Target/In Progress | Behind Schedule/Late | Discussion Needed | Retreat/Workshop Item | Delay/Hold | No Milestone | Not Defined
City of Coral Springs | 9500 West Sample Road, Coral Springs, FL 33065 | 954-344-1000