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Sun Valley council replaces Street & Path Fund with Capital Improvement Plan Fund, directs 20% fire allocation
Summary
During a July 2 special meeting the Sun Valley council agreed to consolidate capital funding by replacing the dedicated Street and Path Fund with a Capital Improvement Plan Fund and to allocate 20% of the Fire Department’s funds to the CIP Fund.
Council members reviewed the proposed 2019 fiscal-year budget and agreed to restructure capital funds, doing away with a dedicated Street and Path Fund in favor of a consolidated Capital Improvement Plan Fund. The council recorded a decision to dedicate 20% of the Fire Department’s proposed fund to the new CIP Fund.
Council members discussed capital improvement plans, fund balances and capital expenditures during the budget review. The change is intended to centralize capital planning and allow the city to prioritize projects across departments; council directed staff to continue work on the Capital Improvement Plan and to coordinate outside contracts and capital-expenditure planning with the new fund structure.
