The URL can be used to link to this page

Home My WebLink AboutTC Agd Pkt 2016-07-20 (4)TOWN OF TIBURON 1505 Tiburon Boulevard Tiburon, CA 94920 Town Council Meeting July 20, 2016 Agenda Item: 3 STAFF REPORT To: From: Subject: Reviewed By: Mayor and Members of the Town Council Town Manager Formation of Town Council Ad -Hoc Sub -Committee to assist staff in Capital Project planning BACKGROUND At the Town Council/Staff Retreat on April 1, 2016, staff presented a proposed framework for capital project planning. If implemented, this framework would provide for a systematic approach to the planning, budgeting and financing of capital projects. It consists of the following steps: • Development of a Project Portfolio • Ranking of projects within the portfolio based on a set of established criteria • Approval of prioritized Project Portfolio and integration into annual budget process • Review and adjustments to Project Portfolio on annual basis and/or as new projects are identified Council indicated its interest in pursuing development of this planning process for its obvious benefit as a tool for budgeting, as well as to make the process more open and accountable. Council also supported the formation of a Council ad hoc committee to assist staff in developing this planning tool. Members of the ad hoc Committee would work with staff to develop the criteria used to prioritize potential projects, and approve an initial Project Portfolio for consideration by Council. ANALYSIS Staff anticipates the ad hoc committee will have its initial meeting in August, and will be required to meet 3-5 times prior to the development of the proposed 2017-2018 Town budget. FINANCIAL IMPACT Formation of the ad hoc committee will have no direct impact to the Towns finances. TOWN OF TIBURON PGE 1 OF 2 Town Council Meeting July 20, 2016 RECOMMENDATION Staff recommends the Town Council: 1. Authorize the formation of a Town Council 2016-2017 Ad Hoc Committee for Capital Project Planning. 2. Appoint 2 members of the Council to the newly formed committee. Prepared by: Greg Chanis, Town Manager TOWN OF TIBURON PAGE 2 OF 2