F the Capital Improvement Plan (CIP) Section Provid
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Capital Improvement Plan Section - F Capital Improvement Plan Section - F The Capital Improvement Plan (CIP) section provides an explanation of the 10-year CIP, its guidelines and policies and how it is directly related to the City’s strategic planning process. Annual Budget City of Lakeland, Florida City of Lakeland, Florida Annual Budget Fiscal Year 2021 In accordance with the Americans with Disabilities Act, this material is available in alternative formats upon request. Please contact our ADA Specialist, Jenny Sykes, at 228 S. Massachusetts Avenue, Lakeland, Florida, 33801, by email at [email protected], by telephone at (863) 834-8444, or by fax at (863) 834-8040. If hearing impaired, please contact the Local TDD numbers (863) 834-8333 or 1-800-955-8771 (TDD-Telecommunications Device for the Deaf) or the Florida Relay Service Number 1-800-955-8770 (VOICE) for assistance. City of Lakeland Logo www.lakelandgov.net Fiscal Year 2021 Annual Budget F-1 Table of Contents Capital Improvement Plan Section F CIP Overview ......................................................................................................................... F-3 Capital Improvement Funds .................................................................................................... F-3 Comprehensive Planning ....................................................................................................... F-4 Guidelines and Policies ......................................................................................................... F-4 Project Evaluation and Prioritization ...................................................................................... F-4 CIP Process .......................................................................................................................... F-5 Capital Budget Impact on the Operating Budget .................................................................... F-6 Relationship between the Operating Budget and the CIP ..................................................... F-10 Capital Expenditure Summary .............................................................................................. F-12 Capital Funding - Sources ................................................................................................... F-13 Capital Funding - Uses ......................................................................................................... F-14 Historical and Projected CIP Expenditures ........................................................................... F-16 Capital Improvement Projects by Fund ................................................................................. F-18 Map of All Significant CIP Projects by Fund ........................................................................ F-19 By Fund: Map, Master List of Projects, and Non-Recurring Significant Projects .................. F-20 CIP Worksheets Appendix Number Transportation ............................................................................................................................1 Public Improvement ....................................................................................................................4 Dixieland Community Redevelopment Area ...............................................................................9 Midtown Community Redevelopment Area ............................................................................... 10 Downtown Community Redevelopment Area ........................................................................... 11 Stormwater ............................................................................................................................... 12 Lakeland Linder International Airport ........................................................................................ 14 RP Funding Center ................................................................................................................... 16 Parking ..................................................................................................................................... 17 Wastewater Utility ..................................................................................................................... 18 Water Utility .............................................................................................................................. 23 Electric Utility ............................................................................................................................ 27 Fiscal Year 2021 Annual Budget F-2 Capital Improvement Plan Overview The adopted 10-year Capital Improvement Plan (CIP) provides the necessary components of a comprehensive plan to foster long-term growth for the City of Lakeland. It is an economical and responsible financial plan to ensure quality public services today and in the future. The CIP contains information on how the City plans to invest available resources into Lakeland’s infrastructure and facilities. The CIP is updated annually as needs and priorities change within the City. What are Capital Improvements? A capital improvement is a major addition to the City's inventory of assets which has an expenditure that goes beyond the operational budget as well as an extended life expectancy. Capital improvements may consist of a major construction expansion, purchase or major repair/replacement of buildings, infrastructure, or other property. More specifically, a wide variety of projects can be deemed as capital items, such as: • Roads, sidewalks, bicycle lanes, traffic calming, and street resurfacing projects • Parks, trails, recreation centers, playground equipment, and beautification projects • Fire stations, police stations, training facilities, and major equipment purchases • Stormwater, drainage and lakes, and environmental projects • Power, water, and wastewater treatment plants Capital improvement projects are developed from departmental requests, based upon known operational and project needs. They are also based upon the City’s Comprehensive Master Plan and master plans developed for certain core services provided by the City. Funding Timelines Projects are Requirements Projects are streams are are published in are determined approved identified established CIP Figure F-1: Capital Improvement Project Process Capital Improvement Project Funds Lakeland’s Capital Improvement Project Funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets. Below are the City of Lakeland’s Capital Improvement Project Funds: • Transportation • Public Improvement • Downtown Community Redevelopment Area (CRA) • Midtown CRA • Dixieland CRA • Stormwater • Parking • RP Funding Center • Airport • Water • Wastewater (WW) • Lakeland Electric Fiscal Year 2021 Annual Budget F-3 Capital Improvement Plan Overview Comprehensive Planning The Capital Improvement Plan is used as part of the long-range planning process by providing the regulatory framework to ensure there is sufficient infrastructure, either planned or already in place, to support the current and future population of our community. The City of Lakeland’s Comprehensive Plan, among other functions, examines the population projections and capacity of public facilities to serve future development as well as the financial capacity of the City to make improvements to those facilities. Lakeland’s Comprehensive Plan is made up of various elements that address topics of growth management. One element, titled Capital Improvements Element (CIE), is intended to relate the costs and funding necessary to help prepare for the anticipated growth in Lakeland over the next five or more years. On an annual basis, City staff review and update the CIE in concert with the annual adoption of the City’s Budget and CIP. Together they outline the timing, location, and funding of capital projects to achieve or maintain adopted level of service standards for public facilities that are necessary to implement the goals, objectives, and policies of the Comprehensive Plan. Capital Improvement Plan Guidelines and Policies Capital improvements are programmed and scheduled based upon the City’s projected financial ability to purchase and maintain the capital project or equipment, except in the case of emergency repairs. The City of Lakeland’s Capital Improvement Plan is developed using the following guidelines and policies: • The City develops a 10-year Capital Improvement Plan. • Capital project budgets are adopted on a project basis at the inception of the project. • The City will coordinate the development of the Capital Improvement/Replacement Budget with the development of the annual Operating Budget. Each capital project is reviewed for its future impact on the Operating Budget. Capital Improvement Project Evaluation and Prioritization Capital projects are evaluated and prioritized using the following criteria: • Projects specifically included in an approved capital asset replacement schedule will receive priority consideration. • Capital Projects that will reduce recurring operating costs will receive priority consideration. • The worthiness of the capital improvement project in relation to factors such as financial feasibility, safety, welfare, fulfillment of City Goals, and impact on operational costs. • Fulfillment of the City’s legal commitment to provide facilities and services, to preserve