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CITY OF RALEIGH

ADOPTED BUDGET 2014-15

RESOLUTION NO. 2016 – 321

Resolution Adopting the

Capital Improvement Program

City of Raleigh

Fiscal Years 2016-17 Through 2020-21

WHEREAS

, a Proposed Capital Improvement Program for Fiscal Years 2016-17 through 2020-21

was presented to the City Council on May 17, 2016; and

WHEREAS

, the Proposed Capital Improvement Program described major capital projects,

funding schedules, and a capital financing plan recommended by the City Administration; and

WHEREAS

, the Capital Improvement Program provides a comprehensive framework for

accomplishing needed public improvements.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RALEIGH:

Section 1.

That the document titled “

Proposed Capital Improvement Program FY2017-

FY2021

” is amended as follows.

In the Parks and Recreation element, the Master Plans & Studies project is funded at $75,000 in FY2017.

Section 2.

That the document titled “

Proposed Capital Improvement Program FY2017-

FY2021

” is adopted as a policy to guide capital budgeting, financial planning, project schedules, and

other activities related to the accomplishment of capital projects.

Section 3.

That the adopted Capital Improvement Program supersedes all previously

adopted Capital Improvement Programs.

Section 4.

Authorized project expenditures for FY2016-2017 represent appropriations

necessary for the completion of projects and therefore do not require re-appropriation in any subsequent

fiscal year.

Section 5.

That the adopted Capital Improvement Program may be amended by the City

Council with budgetary actions or other actions related to the authorization of specific projects and by the

adoption of future Capital Improvement Programs.

Adopted:

June 20, 2016

Effective:

July 1, 2016

Distribution:

Budget:

Budget and Management Services

Finance:

Allison Bradsher

Audits:

Martin Petherbridge

Information Tech:

Jackie Taylor

Department Heads