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Council reviews FY25 decreasing-balance capital spreadsheet, directs staff on vehicle/fleet savings and Linder Road
Summary
City staff presented a decreasing-balance capital spreadsheet showing committed and uncommitted FY25 capital funds; council directed staff to prepare a formal capital plan modification to reclassify vehicle/fleet savings to department budgets and to propose using the freed funds for Linder Road enhancements.
City staff presented a decreasing-balance spreadsheet and a multi-year view of capital maintenance and projects during a workshop portion of the April 16 Eagle City Council meeting. The presentation laid out current available capital, funds under contract, partnership project obligations and the timing of reimbursements from partner agencies.
Nicole, a city staff member, said the capital fund opening balance for FY25 was $15,000,704 and walked the council through committed contracts and partnership liabilities that reduce the uncommitted fund balance. She emphasized that reimbursements from partner agencies (URA, developers, ACHD) are budgeted revenue but often arrive in later fiscal years after project completion and that…
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