06-01-2023 Parks_Rec Packet - Laserfiche WebLink

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STAFF REPORT TO:Parks & Recreation Commission FROM:Bryce Shearen, CPRE, Parks & Recreation/Community Services Director DATE:June 1, 2023 RE:Annual Review of Parks Capital Improvement Plan (CIP) ACTION REQUESTED Discussion from the Parks and Recreation Commission on the adopted 2023-2032 Capital Improvement Plan (CIP). BACKGROUND The City of Little Canada utilizes a Capital Improvement Plan (CIP) to schedule proposed public improvements and purchases over a ten-year period. Significant purchases and improvements beyond ten years are identified but not included in the CIP. The current CIP is a planning document that covers the period from 2023-2032, intended to assist policymakers and staff to plan for major capital improvements, renewal, and replacement expenditures. The CIP is not a budget, nor is it an authorization to expend funds. The authorization of the expenditures occurs through City Council action and in the adoption of the annual budget. The Council adopts the annual budget in December each year. The 2023-2032 CIP should be considered a planning tool, and the projects included for 2023 will serve as a work plan for staff. It should be noted that some items in the CIP are placeholders and may shift years depending on when the project(s) is able to come online. There are eight categories of projects by type, with Parks & Recreation as one of the eight and the Parks & Recreation items are shown in the attached documents. The full CIP document can be reviewed here. Input from the Parks & Recreation Commission, City Council, Staff, the Parks Master Plan, Pioneer Park Master Plan, and the City’s Strategic Plan are used as guiding information to program Parks & Recreation capital projects. It should also be noted that financial considerations were not a part of the Parks Master Plan. The plan is meant to guide future park decisions based on the input that was received during the planning process. As projects were identified in the Parks Master Plan and Pioneer Park Master Plan they were added to the CIP, a plan for financing these projects will need to be developed and projects may need to be shifted depending on other projects and funding limitations. Most Parks & Recreation projects are funded through the General Capital Improvement Fund (400). Below is a graph of the anticipated fund balance over the next ten years (additional department projects funded through Fund 400 are: Administration, Buildings, and Public Works). Alternative funding options would need to be explored prior to 2026 to fund the current