FY 2023-2028 CIP Budget Book

Capital Improvement Plan Development The Fiscal Year (FY) 2023/24 through FY 2027/28 Plan was developed based on economic feasibility, community enhancement, infrastructure needs, safety, and community needs. Each proposed project was reviewed and discussed to ensure funding, timing, and necessity were appropriately addressed. The fiscal impacts of developing Capital Projects include maintenance and operational costs. These costs are taken into consideration when the operating budget is developed. The revenue estimates used in preparing this Plan are based on the assumptions made during the budget process, which consider the state of our local economy and historical trends. Capital Projects are determined using these projections and considering all other operational requirements. All projects were evaluated by the City’s Planning Commission to ensure consistency with the City of Menifee General Plan and consider the City’s long ‐ term vision as developed by City Council’s Strategic Plan. The CIP document is a tool, which links the City’s development to the fiscal planning process, with the aim of achieving the City’s long ‐ term goals and maintaining fiscal stability. Projects in this document have been prioritized and scheduled for each of the five fiscal years based on community need and availability of funding, as determined by the City Council. A total of 191 projects are identified in the Fiscal Year 2023 ‐ 2028 CIP. Of the 191 projects, 32 CIP projects have been programmed for Fiscal Year 2023/2024 for a total cost of $21,133,101, and 21 CIP projects have been programmed for Fiscal Year 2024/2025 for a total cost of $12,352,212, as shown in the table below: PROJECT CATEGORY FY 2023/2024 FY 2024/2025 # of Projects Requested amount # of Projects Requested Amount Transportation 7 $8,251,470 3 $2,859,237 Traffic Signals 2 $733,300 2 $1,378,094 Street Improvements 5 $2,342,331 3 $1,692,000 Pavement Management (PMP) 4 $4,730,000 4 $4,132,000 Drainage 0 $0 3 $749,000 Streetlights 0 $0 0 $0 Public Facilities 4 $2,176,000 1 $108,548 Parks, Trails, and Recreation 9 $2,625,000 3 $1,200,000 Technology Infrastructure 1 $275,000 2 $233,333 TOTALS 32 $21,133,101 21 $12,352,212 Dec ‐ Jan : Project identification & prioritization February : Departments identify budget allocations from revenue projections March: Budget strategy meetings and internal reviews April : Community Engagement ‐ CIP Budget Workshops May : Planning Commission for General Plan consistency June : City Council Budget Adoption 12