2020-54 - Council Budget Priorities FY2021

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016 Below please find a set of criteria developed by the administration and reviewed by the Finance Committee. It is recommended that you evaluate your budget submission against these criteria and be sure that it meets at least one, if not several of the criteria on the list. City of Lakewood Project -Based Capital Investment Criteria Criterion A IThe project or policy is mandated by another government entity or other legal requirement. ........................--------...................-------.---.----------------------------....--------..................... Criterion B If ✓ --:........_._.............. ------......._................... - ............ ................................................................. ---...... ............................... . The project or policy meets a need or r ° p J p y provides a service that is not served by another government entityor that is traditionally served b municipal Y Y p governments. ................................ .................................................. ..................................................... Criterion C ✓ :........................................ ....................................... ......... .................. ........................................................................................ ....................................... ............................... The project or policy was started in a previous year. ........ ...........................................................:............................................................:................................................................................................................................................................................................................................. Criterion D .. ..................... ..................... ................................. ......... .......................................... ........................................................ The project or policy provides an important health and/or safe benefit and/or it p J p Y p p safety .......................................................................................................................................:.....................................................................................................I............ creates a potential hazard or liability of not corrected. Criterion E ✓ ............................ .-....................................................................................................... The project is a necessary repair or replacement of existinginfrastructure or p . facilities. .........................................................---- ....._..----------------.------.....---............................ Criterion F ✓ :...................................................... ................... ............ _......_.._.................. __........... .._.........._......_..._..........._...._..................._...--- ...._....._....._.._...._ -- ............ ........ ....................... .......... .............. . ........ ....... . . ........... ................. ............ . ...... .......... ........... The project or policy cost will be offset b operating c ' p J p y y p g cost savings, increased productivity, and/or increased revenues, or creates a cost/loss by not doing it since it will be preventative in nature. ............}................................................................. Criterion G ................................................................................................................................................................................................................... . .......... The project or policy should be used by or directly...... ------- serve at least 3 3 % of residents. ...................................................................:. Criterion H ✓ .................................................................................................................................................................................................................................................................._-.-......................._...................................................................................._.................---........................... The project or policy advances community vision or other objectives ectives put forward tY J by a study, plan, or task force. ...................................................................:..................................................................:......................................................................................................................................................................................................................................................... Criterion I ✓ The project or policy would have direct positive economic develo development impacts, p J p Y p p ................. ...................................... and is supported by the business community as a priority. :...................................... ...........:.................. ................ ................................. Criterion J ✓ ......................................................... ............... ............................ ...................................................................................................................................................................... ............................... The City has the financial capacity to sustain or maintain this policy or project over the longterm(10 ears or more . This olic or ro'ect will not create an Y ) policy project acute, unfunded financial burden on future City budgets for maintenance or continuation of the policy or project. ._...... ..... .._......... ...__................. . 3Page