Posted: January 10, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF011525-17

Agenda Item Title:

Second Reading and Recommendation of Ordinance No. 6652, an Ordinance Amending Municipal Code 3.16.090

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
01/15/2025
City Council Hearing Date:
01/21/2025
City Council First Reading Date:
01/21/2025
City Council Second Reading Date:
02/04/2025
Petitioner:
Finance Office
Staff Contact:
Daniel Ainslie
Location:
Council Chambers
Agenda Item Summary:
As part of the adopted 2025 budget, nearly all General Fund capitalized equipment purchases were allocated to the CIP Fund. The Council recently allocated $3.55 million for equipment purchases in 2025. The staff is preparing a list of cost savings and additional revenue streams for 2026 and 2027 to provide funding for equipment that would not impact existing projects. Should the Council approve these readings, the staff will prepare a new CIP Policy for Council review that will account for this and other changes that will enhance the CIP allocation process.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve
City Council Recommendation Action:
Approve

Attachments & Links to Download:

pdf LF011525-17 Ord 6652 Equipment Purchases Jan25

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