Are they the three four five or what room?

Uh no, first, second, third grades.

They're just about to try me, yeah.

She's got she's in the same class our twins who were in last year.

New principle new leadership team up there.

Named Kate.

They both have to be a little bit more.

And they switched clothes and all the benefits of being identical.

Yeah.

I figure one day it's gonna dawn on them that they could just switch classes, but we're not there yet.

I don't think they have that far enough.

So you're keeping them away from parent traping.

That would be a very bad thing.

We suppose anyone too.

Luckily, one of them has a worth mark, so they can never truly switch places.

Sorry.

Is it time?

It's time.

Good afternoon, everybody.

Thank you for joining us.

This meeting is to this cost charter changes.

And uh thank you for uh Councillor Patrona, Joan Srauser, Marty Nave, Corey Williams and Hannah Erin Rick for joining us.

Thank you, Evan.

Loving our director of budget for being here with us today.

So I'm just gonna hand it to you so you can explain to us your plan.

Great.

And we'll ask questions after that.

Sure.

I'm gonna cover a couple of things.

So I'll cover what's in the proposed charter changes.

The tr the changes themselves, I think are a lot of clarifications.

Um my thought behind this is that these are helping us set the stage for things that we're gonna be working on over the next couple of years in order to actually improve the capital planning process and product.

Um so I'll touch on some of those as well.

And I know I'll touch on the timing of the capital planning um as well as a project that we're currently working on with API to help um make some more information available mid year.

So uh to start, I'll start with the legislation since since that's what's before the council.

Um some simple things.

So currently our capital plan is really called capital program.

Uh I wanna rename it to capital improvement plan.

I know it's a small thing, but it's colloquially called the CIP.

It is truly meant to be a plan.

And so I think you know, making that as a clarification.

Um currently the charter requires six years for a capital plan.

Uh it's challenging at times to project out plan you know, projects that far in advance.

So my hope is to require a minimum of two years of projections for each project and up to a maximum of six.

So, for example, if we're doing lead service on replacement and we're confident in what our project plans are gonna be six years out, um, then we we should put in six years of data.

Uh, if it's something that's smaller and we say we really only know what we're gonna be doing on this project for two years.

My purpose in this is I really want the information that's in the plan to be quality, not quantity.

So I don't want people putting in out years of three, four, five years, and saying, but I really have no idea.

If we have no idea, I think we need to be able to knowledge what gaps we have and what we need to fill, um, but make sure that we're focusing on quality information in the plan.

Um I wanna currently the charter requires that we project out three years post-completion impact on operating.

This is something we've been very inconsistent about, full disclosure.

I would I want to make sure that we are doing it, and again, I I'm hope I think realistically we can do that two years out.

So, for example, if we're gonna um do a project, let's say we're gonna build a new parks facility, the plan should include this is the estimated impact on the operating budget for this for the two years following the completion of the project.

Um and then uh clarifying so the pro business practice has always been that the chart uh the CIP applies to the fiscal years, but that's actually not written down anywhere.

And so I want to make sure that we clarify that these plan aligns with the with the given fiscal years and and make it very clear when departments can come to the council for authorization for cash capital or bonding and align that with the uh July 1, June 30 time frame.

And again, that's that's been the practice uh as long as I'm aware.

Um, but I just want to make sure that since we're making changes that we're clarifying those.

Any questions on the actual legislation or elements of those before I get into sort of a broader vision for improving capital planning?

I think one thing that comes to mind is when we start we initiate a capital project with outside funding, whether it be grant funding or you know, uh a one time pot of money from whomever.

Um often those have challenges with financial sustainability.