Palo Alto City Council
October 21, 2024

CAPITAL IMPROVEMENT PLAN FY 2025 TECHNICAL CLEAN-UP ACTIONS ATTACHMENT C Fund Name Department Project No. Project Title Description Revenue Expense Capital Improvement Fund Public Works PE-15001 N ew Public Safety Building Due to higher-than-budgeted salaries and benefits costs in prior years, the remaining funds in this
project are insufficient to cover the total design and
construction contract cost of $115.6 million (Report
#11752). This action will increase appropriation by
$0.9 million in FY 2025 to restore the full amount of
funding required for the project's design and
construction contract and increase the total project
budget to $119.5 million.
$ - 937,000$
Capital Improvement Fund Public Works PE-15007 N ew Downtown Parking Garage Staff recommends revising the New Downtown Parking Garage project funding sources schedule
and expenditure schedule to reflect additional
transfers of $10.1 million from the University
Avenue Parking In Lieu Fund in FY 2025. This
revision reflects the City Council direction from
December 2023 (Report # 2309-2043) to resume
work on the project and increases the total project
budget to $17.3 million.
$ 10,100,000 10,100,000$
Electric Fund Utilities EL-89028 E lectric Customer Connections City Council approved increasing the City Manager's authority to purchase electric transformers from $2
million to $4 million annually from prequalified
vendors (Report # 2403-2755).Various projects,
such as Electric System Improvements (EL-98003),
Electric Customer Connections (EL-89028), and Grid
Modernization for Electrification (EL-24000), utilize
these transformers. In FY 2024, the entire latest
round of transformer purchases were incorrectly
encumbered in EL-89028 in FY 2024 and carried
forward into FY 2025. This action will align funding
in FY 2025 with planned work in this project by
reducing the budget from $5.8 million to $3.4
million.
$ - (2,403,054)$