Following is the PPRTA quarterly report prepared by the City of Colorado Springs for the second quarter of 2024. The report presents information on projects and programs to inform citizens, staff, and the board on the status, progress, and projects for PPRTA-funded activities.

Completeness

There are 34 A-list PPRTA capital improvement projects. At the end of the second quarter of 2024, 20 of these 34 projects, or 59%, are complete. The four projects identified as complete during the quarter include: Centennial Blvd Extension – Fillmore to Fontanero, El Paso Bridge over Fountain Creek Tributary Replacement, S Cheyenne Canyon Rd 1 over Cheyenne Creek Bridge Replacement, and W Fillmore over Unnamed Channel Bridge Replacement.

The remaining projects are in various phases of delivery. Figures 1 and 2 represent the projected statuses of the remaining 14 A-list capital projects at the end of 2024, 2025, and 2025, respectively. Two projects are anticipated to continue with construction in 2027, but all projects are anticipated to be complete by the end of 2027. Enlarged versions of these Figures are provided in Appendix C.

Construction on the following is ongoing: Black Forest Rd improvements, Academy Blvd – Bijou to Airport, Academy Blvd – Fountain Blvd to Milton Proby Pkwy, Circle Dr Bridge Replacement (4 bridges), Galley Rd over Sand Creek Bridge Replacement, I-25 Ramps: South Nevada/Tejon Street Corridor Improvements, and Tutt Blvd Extension – Dublin Blvd to Templeton Gap Rd. Engineering and property acquisition continues for several projects.

Please note: the engineering phase on these projects can range from planning studies through final design and concludes with construction bidding. Each capital project includes a graphic to indicate the project status within the project lifecycle.

The locations of the 34 projects, along with the current phase, are shown on the map of Figure 3. Following the map, the next several pages elaborate upon the budget and schedule for each project.

Figure 1. Anticipated Project Status at the End of 2024

Figure 2. Anticipated Project Status at the End of 2025 and 2026

Figure 3. Project Locations with Current Phase

In addition to the A-list capital improvement projects, there are 10 A-list Capital Programs (Capital Programs) which comprise distinct groups of smaller transportation infrastructure projects and a Trail Program. Each program provides unique focus and benefit to the community.

Project summary reports for active capital projects and the Capital Programs are provided within the report. Summaries of the City’s PPRTA-funded Maintenance Programs are also provided.

B-list Update

Fifty-one (51) of the City’s B-list projects were identified in the PPRTA authorization. Of these projects, 13 are complete, and three are currently in engineering. The B-list projects were advanced through one of the following means: the use of non-PPRTA funding; leveraging PPRTA funds to obtain non-PPRTA funding; capitalizing on an opportunity to cost-effectively deliver both an A-list and B-list project together; or in response to an emergency repair or replacement need. Table 1 outlines the completed or in-progress projects and associated funding source(s). Projects requiring the use of PPRTA A-list funds were presented and approved by the Board of Directors.

Table 1. B-list Project Update

Project Name	Funding Source / Comment	Status
Paseo Bridge Replacement over Shooks Run Tributary (south)	Grant funded with Emergency Bridge Funds for match	Complete
Rockrimmon II Bridge Reconstruction	Grant funded	Complete
Verde over Spring Creek Bridge Replacement	City’s General Fund	Complete
Academy Blvd – Palmer Park to Bijou St Pavement Reconstruction	City’s General Fund	Complete
Cascade Ave over Cheyenne Run Bridge Replacement	City’s General Fund	Complete
Cimarron over Fountain Creek Bridge Replacement	CDOT funded – completed with interchange	Complete
21st over Fountain Creek Bridge Replacement	PPRTA Bridge and Traffic programs, 2C, Water Resources Engineering – rehabilitated to extend bridge service life until replacement funds are available	Temporary Completion
Mark Dabling 1 over Unnamed Channel Corrugated Metal Pipe (CMP) Replacement	PPRTA – Emergency Bridge Fund	Complete
Mark Dabling 2 over Unnamed Channel CMP Replacement	PPRTA – Emergency Bridge Fund	Complete
Rockrimmon Blvd – Woodmen to Pro Rodeo Pavement Reconstruction	PPRTA – Maintenance Funds	Complete
Marksheffel Road over Jimmy Camp Creek Bridge Replacement	PPRTA – completed with El Paso County’s A-list project	Complete
Fascination over Sand Creek Tributary Bridge Replacement	PPRTA – completed with A-list Enchanted Circle over Sand Creek Tributary Bridge Replacement project	Complete
Platte Ave EB over Sand Creek Bridge Replacement	PPRTA – with A-list Platte Ave WB over Sand Creek Bridge Replacement project. Both bridges replaced with one structure. EB bridge cost covered with grant funds.	Complete
UPRR Siding over Fontanero Bridge Replacement	PPRTA – Emergency Bridge Fund (engineering); construction needed with PPRTA A-list UPRR Mainline over Fontanero Bridge Replacement project to serve as a bypass during construction.	Final Engineering
Cache La Poudre over Monument Creek Bridge Rehabilitation	PPRTA – Emergency Bridge Fund and maintenance funding	Final Engineering
Water St over Camp Creek Bridge Replacement	Grant funded with Emergency Bridge Fund for local match with Stormwater and Colorado Springs Utilities contributions	Final Engineering

PPRTA 2005-2014 Authorization Update

The following projects and activities are underway to use remaining funds from the 2005-2014 PPRTA authorization. Expenditure of these funds was anticipated to be complete by the end of 2021; however, the Marksheffel Road account receives developer funds which are collected and applied over time. These funds will be applied to ongoing Marksheffel Road improvement efforts.

Table 2. 2005-2014 Authorization Update

Project Name	Comment	Funds
Marksheffel Road (Peterson Air Force Base to Black Forest)	The City will receive a new developer contribution (previously estimated as $264,000). These funds will be used for final engineering, ROW acquisition, or construction of Marksheffel Road between North Carefree Circle and Dublin Blvd. Future developer contributions are anticipated and will be applied to the project and account.	$269,609.50

CDOT and PPRTA Impacts and Joint Participation

The City has completed a review of the Colorado Department of Transportation (CDOT) projects identified in the Pikes Peak Area Council of Governments (PPACG) Transportation Improvement Program (TIP). The following table identifies the currently programmed CDOT projects and potential PPRTA project or program impacts, along with the anticipated construction year. Please note: these projects are thoroughly coordinated with CDOT and are typically considered joint efforts or opportunities for future improvements.

Table 3. CDOT and PPRTA Impacts and Joint Participation Projects

CDOT Project Name (CDOT Programmed Cost)	PPRTA Project/Program Impact (PPRTA Cost)	Schedule (Construction Year)
I-25: Fillmore to Garden of the Gods Bridge Repair	Trail improvements on Sinton Trail (potential future cost)	2024/2026
SH115 at St. Elmo Ave, Ramona Ave, and Brookside Signal Replacements ($1.8M)	Incorporate with the PPRTA A-list I-25 ramps improvements at Tejon and Nevada project ($8.7M	2024/2025
SH21 and Airport Rd Interchange Design ($50M)	Construction to begin summer 2024. Future efforts may include possible trail connections.	2024/2025
SH21 and Milton Proby Pkwy Interchange Design ($2M)	Funded for engineering-only at this time. More information will be obtained as the design progresses.	2023/2024
SH115 and Lake Avenue Safety Improvements (~$2.5M)	Direct participation not anticipated; however, City received grant for the intersection safety improvements at Lake Avenue and Southgate Road. Both projects are currently in development and should be completed together	2025/2026
US24 East Widening – Garrett Rd to Woodmen Rd (~$4M)	City participation is expected to be limited to criteria consultation only	TBD
US24 and Ridge Rd (emerging project)	CDOT selecting the engineering consultant. City participation is expected for criteria consultation and potential connection to the Midland Trail.	TBD

Policy 20 Notification

Construction on the Black Forest Rd widening project began in April 2022. In January 2023, the project team was notified of a possible annexation and development on the west side of Black Forest Road. The development is for multi-family residential dwellings and would require a three-quarter movement access point on Black Forest Rd rather than the planned right-in/right-out access. The modified access requires the addition of a southbound right turn lane, modifications to the northbound left turn lane, and a proposed Black Forest Rd median. The developer’s engineer contacted the City to incorporate these improvements with the ongoing construction to avoid removing newly placed work in the future. The City agreed to incorporate these improvements now, as it is in the best interest of the project and public. The developer will reimburse the City, and ultimately PPRTA, for all additional design and construction costs associated with the proposed modifications. The total cost to be reimbursed is $282,920 and it may be paid in two installments of $141,460 in accordance with the terms of the Annexation Agreement with the developer. If the currently proposed development does not occur soon, the cost recovery outlined in the Annexation Agreement will be tied to the land and will be the responsibility of the future site developer. The amount of cost recovery is subject to interest accrual, potentially resulting in a higher reimbursement to PPRTA.

Adjacent to the Marksheffel Road Improvements – North Carefree Circle to Dublin Boulevard project, a development at the northwest corner of Barnes and Marksheffel will necessitate the addition of auxiliary lanes. The City is working with the developer to incorporate the auxiliary lanes into the project, with the developer reimbursing the City, and ultimately PPRTA, for the associated costs.

Budget

The next several pages present the current and projected financial status of the PPRTA A-list projects. Table 4 provides an update on the City’s active A-list project contracts and presents the current budget, remaining contract values, amount paid to date, and percentage of funds used on the projects.

The City continually analyzes the remaining A-list projects, including projected revenue and current project cost estimates. The City further analyzes the anticipated additional allocation needed to complete the A-list projects and updates the Capital Improvement Plan (CIP) included in Table 5 with the budget outlook. The CIP distributes anticipated PPRTA funding needs through 2024 (without other funding sources) to complete the projects and demonstrates the ability to complete A-list projects, fulfilling the commitment to voters.

The City is closely monitoring construction commodities, bid trends, and schedule adjustments to evaluate and plan for potential construction cost changes on individual projects, and to evaluate revenue projections at the end of the current PPRTA authorization. The City is monitoring sales tax revenues to understand if projected funding will be impacted. If there are indications of decreased revenue, the City will modify its CIP to deliver A-list projects

Project costs are continually monitored and adjusted as projects evolve and as cost certainties are refined. Budget updates occur following receipt of construction bids and after project closeout. No significant construction bids were received in the second quarter of 2024.

The City collaborates with contracting associations to obtain timely and credible third-party information about changes in relevant material costs and supply-chain snarls that may impact the cost and completion time for a project that is underway or for which a bid has already been submitted. The City includes price-adjustment clauses in construction contracts to protect both parties from unanticipated swings in material pricing. Such contract terms enable the contractor to include a smaller contingency in its bid, while providing the owner an opportunity to share in any savings from downward price.

The CIP reflects the 2024 budget. Both the conservative and optimistic revenue projections were updated with the 2024 budget allocation and are presented in Table 5. The conservative projection for the 2024 budget is based on PPRTA’s initial and mid-year budget totaling $170.3M. The conservative revenue projection and the current projected project costs, with the growth adjustment described above, result in no contingency and possible B-list project funds.

The optimistic revenue projection is based on the projected 2025 budget for the PPRTA capital authorization from 2015 to 2024. This allocation is anticipated to include unused PPRTA Board capital reserves and a mid-year budget adjustment for previously unbudgeted revenue captured during the authorization period. This optimistic revenue trend and the projected project costs result in approximately $7.2M in contingency and possible B-list project funds. The conservative revenue estimate is used for the remainder of this report.

The band of revenue projections demonstrates the ability to deliver the A-list projects, even with potential cost increases, and exhibits some potential contingency to move onto the B-list projects. This band (up to $7.2M) considers the known and anticipated construction cost increases as mentioned above. PPRTA tax revenues are currently 6.4% above the 2024 planned revenue as evidenced by the July 2024 sales and use tax collection report. If economic circumstances change and revenue is either reduced or construction costs outpace revenue, mitigation measures can be put in place to deliver the A-list projects.

Table 4. Active Project Financial Status Report

Project Name	PPRTA ACCT#	Budget	Contract Amount Remaining	Spent to Date	% of Funds Allocated
8th St. Imps: Motor City Way to Fountain Creek	5030001	$4,577,083	$1,449,491	$635,736	45.56%
Academy Blvd: Bijou St to Airport Rd Pavement Reconstruction	5030002	$15,985,734	$6,943,847	$8,756,762	98.22%
Academy Blvd: Fountain to Milton Proby Pkwy Pavement Reconstruction	5030003	$49,029,331	$35,665,697	$11,944,655	97.11%
Academy over Cottonwood Creek Bridge Rehabilitation	5030004	$9,130,409	$-	$9,130,413	100.00%
Airport Rd over Spring Creek Bridge Replacement	5030005	$5,573,202	$-	$5,573,203	100.00%
Barnes Rd Roadway Improvements: Solar Ridge Dr. to Powers Blvd	5030006	$4,050,000	$-	$4,050,000	100.00%
Black Forest Rd Roadway Improvements: Woodmen to Research	5030007	$30,793,970	$5,801,145	$24,681,736	98.99%
Centennial Blvd Extension: Fillmore to Fontanero	5030008	$26,630,629	$303,824	$26,228,542	99.63%
Chestnut St over S Douglas Creek Bridge Replacement	5030010	$4,162,927	$-	$4,162,927	100.00%
Circle Dr EB over Fountain Creek Bridge Rehabilitation	5030011	$45,204,000	$28,572,835	$15,197,904	96.83%
Dublin Rd Improvements: Bridle Pass Way to Powers Blvd	5030016	$1,932,872	$-	$1,932,872	100.00%
El Paso Bridger over Fountain Creek Bridge Rehabilitation	5030017	$1,497,600	$80,738	$1,223,748	87.11%
Galley Rd over Sand Creek Bridge Replacement	5030020	$5,706,378	$4,592,036	$1,113,544	99.99%
I-25 Ramps: South Nevada/Tejon St Corridor Improvements	5030021	$9,111,497	$6,864,130	$2,072,103	98.08%
Las Vegas St/Royer UPRR Crossing Relocation	5030022	$14,755,238	$2,353,856	$1,667,924	27.26%
Platte Ave Corridor Improvement Study	5030039	$2,000,000	$291	$1,989,310	99.48%

Table 5. PPRTA A-list Budget Outlook

Number	Project Name	Complete	Previous Funding to Date	2024*	Estimated Project Cost	Original Allocation	Increase / Decrease
A-List Engineering Projects
1	8TH ST. IMPS.: MOTOR CITY WAY TO FOUNTAIN CREE	No	1,951,964	1,000,000	4,577,083	1,500,000	3,077,083
2	ACADEMY BLVD.: BIJOU ST. TO AIRPORT RD. PAVEMENT RECONSTRUCTION	No	13,985,734		15,985,734	3,817,000	12,168,734
3	ACADEMY BLVD.: FOUNTAIN TO MILTON PROBY PKWY. PAVEMENT RECONSTRUCTION	No	17,773,199	13,300,000	49,029,331	15,200,000	33,829,331
4	ACADEMY OVER COTTONWOOD CREEK BRIDGE REHABILITATION	Yes	9,130,409		9,130,409	1,280,000	7,850,409
5	AIRPORT RD. OVER SPRING CREEK BRIDGE REPLACEMENT3	Yes	6,159,595		5,573,202	1,584,000	3,989,202
6	BARNES RD. ROADWAY IMPROVEMENTS, SOLAR RIDGE DR. TO POWERS BLVD.	Yes	4,050,000		4,050,000	2,420,000	1,630,000
7	BLACK FOREST RD. ROADWAY IMPROVEMENTS: WOODMEN TO RESEARCH (JOINT PROJ)3, 4, 8	No	20,707,171		30,793,970	8,866,000	21,927,970
8	CENTENNIAL BLVD. EXTENSION: FILLMORE TO FONTANERO3	Yes	26,630,629		26,630,629	10,450,000	16,180,629
9	CENTENNIAL ST.: GARDEN OF THE GODS TO FILLMORE PAVEMENT RECONSTRUCTION	Yes	11,820,028		11,820,028	8,065,000	3,755,028
10	CHESTNUT ST. OVER S. DOUGLAS CREEK BRIDGE REPLACEMENT	Yes	4,162,927		4,162,927	1,800,000	2,362,927
112	CIRCLE DR. EB OVER FOUNTAIN CREEK BRIDGE REHABILITATION	No	25,598,642	9,595,436	43,188,938	3,300,000	39,888,938
112	CIRCLE DR. EB OVER HANCOCK BRIDGE REHABILITATION	No	2,015,062		2,015,062	3,300,000	(1,284,938)
112	CIRCLE DR. WB OVER FOUNTAIN CREEK BRIDGE REHABILITATION	No	–		–	3,300,000	(3,300,000)
112	CIRCLE DR. WB OVER HANCOCK BRIDGE REHABILITATION	No	–		–	3,300,000	(3,300,000)
12	DUBLIN RD. IMPROVEMENTS: BRIDLE PASS WAY TO POWERS BLVD.	Yes	1,932,872		1,932,872	1,540,000	392,872
13	EL PASO BRIDGE OVER FOUNTAIN CREEK TRIBUTARY REPLACEMENT	Yes	707,600		1,497,600	457,000	1,040,600
14	ENCHANTED CIRCLE OVER SAND CREEK TRIBUTARY BRIDGE REPLACEMENT	Yes	358,795		358,795	300,000	58,795
15	GALLEY RD. OVER SAND CREEK BRIDGE REPLACEMENT	No	5,706,378		5,706,378	1,936,000	3,770,378
16	I-25 RAMPS: SOUTH NEVADA/ TEJON ST. CORRIDOR IMPROVEMENTS	No	1,100,000	7,561,497	9,111,497	5,500,000	3,611,497
17	LAS VEGAS ST./ROYER UPRR CROSSING RELOCATION	Yes	9,186,076	2,000,000	14,755,238	3,850,000	10,905,238
18	OLD RANCH RD. IMPROVEMENTS AND BRIDGE CONSTRUCTION	Yes	8,599,002		8,599,002	8,000,000	599,002
19	PIKES PEAK AVE. : COLORADO TO PRINTERS PKWY. PAVEMENT RECONSTRUCTION	Yes	15,862,754		15,862,754	8,663,000	7,199,754
20	PLATTE AVE. WB OVER SAND CREEK BRIDGE REPLACEMENT5	Yes	5,134,000		4,544,000	5,874,000	(1,330,000)
21	PLATTE AVE. CONNECTION TO I-25 STUDY6	Yes	–		–	550,000	(550,000)
22	PLATTE AVE. CORRIDOR IMP. STUDY6	Yes	2,000,000		2,000,000	2,200,000	(200,000)
23	S. CHEYENNE CANYON RD. 1 OVER CHEYENNE CREEK BRIDGE REPLACEMENT	Yes	2,049,898	831,607	3,467,898	410,000	3,057,898
24	SHOOK’S RUN BRIDGE CORRIDOR STUDY	Yes	2,750,000		2,750,000	2,750,000	–
25	STAPLETON DR. /BRIARGATE BLVD. CORRIDOR STUDY (JOINT PROJ)	Yes	786,000		106,054	786,000	(679,946)
26	TUTT BLVD EXTENSION: DUBLIN TO TEMPLETON GAP RD	No	5,279,518		5,279,518	1,393,000	3,886,518
27	UPRR MAINLINE OVER FONTANERO BRIDGE REPLACEMENT7	No	1,900,000	17,477,495	21,377,495	2,750,000	18,627,495
28	UPRR NEVADA & TEJON ST. CROSSING RECONSTRUCTION (DESIGN ONLY)	No	3,550,000	1,000,000	5,050,000	3,300,000	1,750,000
29	W. COLORADO AVE. RECONSTRUCTION: 31ST ST. TO US 24 (JOINT PROJ)8	Yes	18,049,000		18,049,000	8,600,000	9,449,000
30	W. FILLMORE OVER UNNAMED CHANNEL BRIDGE REPLACEMENT	Yes	2,994,97		3,794,970	1,000,000	2,794,970
31	WOODMEN ROAD IMPROVEMENTS: UNION CONTINUOUS FLOW INTERSECTION	Yes	8,700,000		8,700,000	7,500,000	1,200,000
	SUBTOTAL A-LIST PROJECTS		$240,632,223	$52,766,035	$339,900,384	$135,541,000	$204,359,384
PROGRAMS
	COMPANION DRAINAGE IMPROVEMENTS FOR ROADWAY PROJECTS	No	3,295,970	412,000	4,119,970	2,690,000	1,429,970
	CITYWIDE INTERSECTION IMPROVEMENTS PH I	No	19,213,066	1,324,000	21,361,066	6,171,000	15,190,066
	CITYWIDE ON-STREET BIKEWAY IMPROVEMENTS PH I	No	3,896,727	412,000	4,720,727	3,027,000	1,693,727
	CITYWIDE PEDESTRIAN TRANSPORTATION IMPROVEMENTS PH I	No	6,851,635	687,000	8,225,635	5,153,000	3,072,635
	CITYWIDE ROADWAY SAFETY AND TRAFFIC OPERATIONS PH I	No	17,460,507	11,000,000	37,976,876	8,108,000	29,868,876
	CITYWIDE SCHOOL AND NEIGHBORHOOD PEDESTRIAN IMPROVEMENTS PH I	No	3,295,970	412,000	4,119,970	3,027,000	1,092,970
	CITYWIDE CONGESTION AND INCIDENT MANAGEMENT SIGNAL IMPROVEMENT PH I	No	3,295,970	412,000	4,119,970	3,027,000	1,092,970
	CITYWIDE TRAFFIC SIGNAL SYSTEM UPGRADE (60 LOCATIONS)	No	12,626,103		12,626,103	14,983,000	(2,356,897)
	EMERGENCY BRIDGE FUND	No	15,640,638	1,000,000	20,040,638	5,381,000	14,659,638
TRAIL PROJECTS
	COTTONWOOD TRAIL CORRIDOR IMPROVEMENT	Yes	600,000		600,000	600,000	–
	MIDLAND TRAIL IMPROVEMENTS: RIDGE RD. TO COLUMBIA ST.	Yes	450,000		–	450,000	(450,000)
	PIKES PEAK GREENWAY CORRIDOR IMPROVEMENTS	No	7,700,000		7,700,000	2,121,000	5,579,000
	ROCK ISLAND TRAIL CORRIDOR IMPROVEMENTS	No	1,000,000		1,000,000	1,000,000	–
	SHOOK’S RUN TRAIL CORRIDOR IMPROVEMENTS	No	800,000		800,000	800,000	–
	SINTON TRAIL CORRIDOR IMPROVEMENTS	No	600,000		825,000	600,000	225,000
	TEMPLETON GAP TRAIL CORRIDOR IMPROVEMENTS	No	600,000		825,000	600,000	225,000
TRANSIT
	ADA-PARATRANSIT BUS SYSTEM VEHICLE REPLACEMENT	No	1,415,149		1,415,149	1,400,000	15,149
	FIXED-ROUTE BUS SYSTEM VEHICLE REPLACEMENT	No	6,645,042	1,081,000	8,827,042	4,700,000	4,127,042
	SIDEWALK/BUS STOP PROG. EXISTING ROUTES	No	478,810		538,810	1,500,000	(961,190)
	VANPOOL VEHICLE REPLACEMENT	No	427,999	40,000	427,999	800,000	(372,001)
	TOTAL CAPITAL PROJECTS		$346,925,809	$69,546,035	$480,170,339	$201,679,000	$278,491,339
Conservative Revenue Projection				69,546,035	Total Revenue		480,170,339
Potential Shortfall/Contingency/’B” List Funds by Year				–	Contingency/’B’ List		–
Optimistic Revenue Projection				76,770,485	Total Revenue		487,394,789
Potential Shortfall/Contingency/’B” List Funds by Year				7,224,450	Contingency/’B’ List		7,224,450

1. Total Project Cost less other funding sources
2. Project 11 counts as 4 projects combined giving a total of 34 projects.
3. Adjusted to reflect the total project cost; Colorado Springs Utilities to provide cost reimbursement for their work
4. PPRTA El Paso County Allocation for 2023 was initially $3.534M for BFR and $550k for Tutt; BFR cost (approx. $9.9M) offset with W Colorado Ave project.
5. Addition funding from STP Metro grant – Anticipated total is $13.2M.
6. Projects/studies being completed together
7. Siding bridge needs to be replaced at the same time. Estimated cost does not include Utilities reimbursement or Emergency Bridge Funds.
8. Reduced City contribution to offset El Paso County costs anticipated on Black Forest Road ($7,771,230)
9. Reflects the 2024 budget. Does not reflect grant awards, carryovers, additional projected budget or other monies.

Drawdown

Table 6 presents the quarterly financial picture of the PPRTA extension from 2015-2024. Data presented prior to the second quarter of 2024 is actual, and after is projected. The blue bar represents the cumulative budgeted allocation. The solid red bar represents the cumulative expenditures to date, with the yellow extension representing the cumulative amount obligated via contract. These bars represent the City’s financial commitment to projects. The faded red bar distinguishes between the cumulative previous and projected future expenditure. As demonstrated in the table, current revenue projections exceed the expected project costs. Capital projects and programs are monitored closely, and measures are in place to complete the A-list projects.

Schedule

Table 7 represents the schedule for engineering and construction of the capital A-list projects. Schedule adjustments were made on several projects to reflect impacts from budget planning efforts and supply chain concerns.

Table 6. Cumulative Expenditure for A-list Capital Projects/Programs

Table 6. Capital Project Schedule