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File #: 2019-062    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/14/2019 In control: Board of Directors Workshop Meeting
On agenda: 3/13/2019 Final action: 3/13/2019
Title: Approval of FY 2020 through FY 2024 Capital Improvement Plan
Sponsors: Suzanne Coffey
Indexes: Planning Services
Attachments: 1. Resolution 2019-062, 2. FY 2020-2024 Capital Planning Committee Presentation, 3. FY2020-2024 Capital Improvement Plan, 4. FY2020-2024 CIP Appendix A - BCE's Water, 5. FY2020-2024 CIP Appendix B - BCE's Wastewater, 6. FY2020-2024 CIP Appendix C- Centralized Services

TITLE
Approval of FY 2020 through FY 2024 Capital Improvement Plan

BODY
Agenda of: February 27, 2019, March 7, 2019, March 13, 2019
Item No.: 2019-062
Time: Fiscal Years 2020 through 2024

TO: The Honorable
Board of Directors
Great Lakes Water Authority

FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority

DATE: February 14, 2019
RE: Approval of FY 2020 through FY 2024 Capital Improvement Plan
MOTION
Upon recommendation of Suzanne Coffey, Chief Planning Officer, the Board of Directors for the Great Lakes Water Authority adopts the resolution supporting the Capital Improvement Plan (CIP) for Fiscal Years 2020 through 2024 and for the Chief Executive Officer to approve the five year Capital Improvement Plan (CIP) for Fiscal Years 2020 through 2024, noting an affirmative vote of at least five (5) Board Members is necessary for approval of this Motion; and also authorizes the Chief Executive Officer to take such other action as may be necessary to accomplish the intent of this vote.
JUSTIFICATION
A capital improvement plan addresses the following objectives.
1. Identifies an organization's priorities within available resources over a multiple year period.
2. Communicates the scope, funding, and timing to stakeholders, coordinating agencies, investors, and the public.
3. Encompasses stakeholder engagement in its development.
4. Aligns with strategic objectives of the organization including effective capital delivery and regulatory compliance at the lowest cost of capital investment.

BUDGET IMPACT
The FY 2020 through FY 2024 Capital Improvement Plan identifies $852.3 million of water system capital improvements and $733.6 million of sewer system improvements. Given that GLWA adopts a two-year budget, it is recommended that FY 2020 and FY 2021 be designated as a two-year capital budget for purposes of carrying out the CIP that coincides with GLWA adopted biennial operating budget (also refere...

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