Title
Water Resources Capital Facilities Plan (CFP) for 2016-2021
Recommended Action
UAC Deliverable:
Recommendation to City Council and Planning Commission
Previous UAC Consideration: None in 2015. The UAC last evaluated the Water Resources CFPs in June of 2014 with subsequent discussions in September and October. City Council adopted the last Water Resources CFP for the years 2015-2020 as recommended by the UAC. In turn, utility rates in 2015 encompass the financial needs for the first year of the 2015-2020 CFP.
Report
Issue:
Consistent with the annual work plan, the UAC will review the Water Resource-related elements of the City's draft 2016-2021 Capital Facilities Plan. The CFP is updated every year in conformance with the Growth Management Act and City policy. Each year, the UAC reviews the proposed CFP and its financial implications for the Utilities and rate payers. Formal UAC comments are provided to the Planning Commission and City Council for their consideration during the CFP adoption process later in the year.
Staff Contact:
Andy Haub, P.E., Water Resources Director, 360.753.8475
Background and Analysis:
The CFP is a key long-term planning and financial tool for the three Water Resources utilities. Project appropriations in the proposed 2016-2021 CFP total approximately $47 million. Projects in the CFP address infrastructure needs as well as major environmental improvements and planning efforts. The CFP funds major works efforts beyond the day-to-day operations of the Utilities.
Staff develops a six year and a 20 year CFP. The six year CFP is adopted by City Council; the 20 year CFP helps keep track of long-term needs and financial dynamics. The six year CFP is input into utility rate calculations.
With City Council approval of the 2016-2021 CFP later this year, staff can proceed with the projects listed for Year 1 (2016) of the CFP. Projects scheduled for Year 2 through Year 6 are subject to change in futur...
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