City of Alexandria, Virginia
________________
MEMORANDUM
DATE: MAY 17, 2022
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER /s/
FROM: MORGAN ROUTT, DIRECTOR, OFFICE OF MANAGEMENT AND BUDGET
DOCKET TITLE:
TITLE
Consideration of Receipt of Fiscal Year 2022 Third Quarter Capital Projects Status Report Related to City Council Approved Capital Projects.
BODY
_________________________________________________________________
ISSUE: Receipt of the Fiscal Year (FY) 2022 Third Quarter Capital Projects Status Report as relates to City Council approved capital projects.
RECOMMENDATION: That City Council receive as information the FY 2022 Third Quarter Capital Projects Status Report.
BACKGROUND: Attached to this docket item is the FY 2022 Third Quarter Capital Projects Status Report, which covers project progress through March 31, 2022, and anticipated project progress through June 30, 2022 for active capital projects with high community visibility. The executive summary/overview lists projects which have been completed and also provides summary budget and expenditure information for all active Category 2 and 3 capital projects. If there is a project not reported in detail that Council members would like to be added to the detailed reporting list, staff can modify the list highlighted projects for the next quarterly report.
The full FY 2022 Third Quarter Capital Projects Status Report posted on the City’s website at <http://www.alexandriava.gov/Budget>. This report does not contain project status report information for Alexandria City Public Schools (ACPS) which prepares its own status report. Those reports are available on the ACPS website: <https://www.acps.k12.va.us/Page/2648>
FISCAL IMPACT: City Council’s receipt of the FY 2022 Third Quarter Capital Projects Status Report does not require any additional resources other than those adopted in previous budgets. The report will, however, be utilized in the development of the annual 10-year CIP and in determining the level of future bond issuance and cash capital needs. Available project balances, implementation rate, and current and projected project status will be utilized to determine the appropriate level of investment in a project for the forthcoming fiscal year.
ATTACHMENT: FY 2022 Third Quarter Capital Projects Status Report
STAFF:
Emily A. Baker, Deputy City Manager
Debra Collins, Deputy City Manager
Laura B. Triggs, Deputy City Manager
Morgan Routt, Director, Office of Management and Budget