HomeMy WebLinkAboutCity of Tamarac Resolution R-2004-1611
Temp Reso #10475
Page 1
June 24, 2004
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2004- !(/
A RESOLUTION OF THE CITY COMMISSION
OF THE CITY OF TAMARAC, FLORIDA,
ADOPTING AND IMPLEMENTING A CAPITAL
IMPROVEMENT PLAN POLICY; PROVIDING
FOR CONFLICTS; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City of Tamarac desires to develop and follow sound financial
policies; and
WHEREAS, the City Charter, Section 7.06 "Commission action on capital program."
Requires the City to maintain a capital program pursuant to Chapter 163 Florida Statutes,
the "Local Government Comprehensive Planning and Land Development Regulation Act.";
and
WHEREAS, in its "Recommended Budget Practices: A Framework for Improved
State and Local Government Budgeting", the National Advisory Council on State and Local
Budgeting states policies and plans for acquisition, maintenance, and replacement of
capital assts help ensure that needed capital assets or improvements receive appropriate
consideration in the budget process; and
WHEREAS, the Government Finance Officers Association recommends that local
governments develop budget policies that follow the National Advisory on State and Local
Budgeting's "Recommended Budget Practices: A Framework for Improved State and Local
Government Budgeting"; and
Temp Reso #10475
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June 24, 2004
WHEREAS, the City Manager and Director of Finance recommend the adoption and
implementation of the proposed Capital Improvement Plan policy; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in
the best interest of the citizens and residents of the City of Tamarac to adopt and
implement the Capital Improvement Plan policy to ensure the sound management of the
City's financial and capital assets.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA:
SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and
confirmed as being true and correct and are hereby made a specific part of this Resolution.
SECTION 2: The appropriate City Officials are hereby authorized to adopt
and implement the Capital Improvement Plan policy hereto attached as Exhibit 1.
SECTION 3: All resolutions or parts of resolutions in conflict herewith are
hereby repealed to the extent of such conflict
SECTION 4: If any clause, section, other part or application of this Resolution
is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or
application, it shall not affect the validity of the remaining portions or applications of the
Resolution.
1
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Temp Reso #10475
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June 24, 2004
1
SECTION 5: This Resolution shall become effective immediately upon its
passage and adoption.
PASSED, ADOPTED AND APPROVED this 14th day of July, 2004.
E SCHREIBER, MAYOR
ATTEST:
MARION S ENSON, CMC
CITY CLERK
I HEREBY CERTIFY that
I have approved this
RESOLUTIO as to form.
MIT E4S.TCITY
Ll
RECORD OF COMMISSION VOTE:
MAYOR SCHREIBER 00
DIST 1: COMM. PORTNER
DIST 2: COMM. FLANSBAUM-TALABISCO
DIST 3: VIM SULTANOF
DIST 4: COMM. ROBERTS w
Temp Reso # 10475
EXHIBIT 1
CAPITAL IMPROVEMENT PLAN POLICY
Page 2
Definition of a Capital Project:
A capital project has a minimum cost of $25,000 and a minimum useful life of 3
years. Capital projects include, but are not limited to:
• Construction or acquisition of new facilities
• Major additions and renovations to existing facilities
• Construction or acquisition of new infrastructure
• Additions to existing infrastructure.
• Major repair and replacement to facilities and infrastructure
• Large equipment and vehicle replacement plans
• Feasibility or engineering studies or design that could lead to future capital
projects
Capital Improvement Process:
1. Staff will recommend new projects' through the CIP process.
2. The City Manager will appoint a CIP Committee which may consist of staff
members from the City Manager's Office, the Finance Department, and
departments recommending capital projects.
3. Based on level annual funding from the General Fund, and appropriate
contributions from other funds, the'' CIP Committee will prioritize projects
and balance the plan for approval by the City Manager.
4. In general, projects will be added to outer years and move forward year by
year.
5. The City Manager's proposed CIP will be presented to the Commission at
a workshop. With Commission consensus, the capital and operating costs
for the first year of the plan will be incorporated into the proposed annual
budget.
6. Commission will adopt the first year and conceptually approve the outer
four years of the CIP as part of the annual budget process.
7. Projects in process will be included as part of the CIP in the annual budget
document.
Temp Reso # 10475
EXHIBIT 1
CITY OF TAMARAC
CAPITAL IMPROVEMENT PLAN POLICY
Policy:
In compliance with Section 7.06 "Commission action on capital program." of the
City Charter, the. City will develop a five year Capital Improvement Plan which will
be a systematic plan to create and maintain the infrastructure and capital assets
of the City. The capital and operating costs of the first year of the plan will be
appropriated with the adoption of the annual budget. The outer four years will
represent the Commission's intent with respect to capital projects for the future.
Purpose:
The Capital Improvement Plan (CIP) uses the findings from a number of
interrelated plans -- Strategic Plan, Comprehensive Plan, Transportation Plan,
Parks and Facilities Master Plan, Utilities Plan, Stormwater Master Plan and
Street Improvement Plan - to assist in developing an orderly schedule for
implementing projects. The CIP helps the City Commission and staff gain an
overall view of growth and development within the City and coordinates capital
improvements with these changes. It identifies ongoing maintenance and
replacement needs of the City's existing capital assets. It also becomes a fiscal
planning tool to forecast capital demands on local revenue, to foresee future
borrowing needs, if any, and to identify federal, state, and county aid that may be
needed. Finally, it ensures capital projects will be implemented in accordance
with all of the objectives set by the City Commission within the City's fiscal ability.
Objectives:
The objectives of the Capital Improvement Plan are to:
• Implement the City's Strategic Plan
• Link capital needs to funding
• Acquire and maintain City assets
• Provide orderly replacement of equipment
• Identify and prioritize capital projects
• Document the funding and implementation of capital projects
• Reduce fluctuating demands on the City's revenues
• Provide information needed to manage the City's investment portfolio
• Demonstrate to the public and to financial markets sound financial
management