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Amended Five-Year Capital Improvement Plan for FY 2023 Through FY 2027
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BRIEF OVERVIEW
During the first public hearing relating to the FY 2023 Budget on September 13, 2022, the Board made the decision to remove two projects that had previously been approved in the FY 2023 - FY 2027 Capital Improvement Plan (CIP). This resulted in a reduction to the FY 2023 Budget of $900,000. The Five-Year CIP is part of the FY 2023 budget process. Projects funded in the first year (FY 2023) are included in the FY 2023 Tentative Budget.
FINANCIAL IMPACT
Approving the Amended FY 2023 - FY 2027 Capital Improvement Plan (CIP) will result in a reduction of the FY 2023 Budget of $900,000 from the General Fund.
LEGAL NOTE
The Board is authorized to act upon this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended the Board approve the Amended Five-Year Capital Improvement Plan (CIP) for FY 2023 - FY 2027.