Project Details for the Budget
For the Budget, each capital project or CIP description must include the following information for the public:
Objectives - Each project must relate to one of these five objectives:
- Repair/Maintenance - to prevent deterioration or maintain a facility in good condition
- Replacement - to correct problems or deficiencies by replacing worn out parts or sections such as sewer lines, streets, or new facilities to relieve system overloads
- Mandated - project that meet federal or state regulatory requirements or public safety standards. For example, seismic retrofits/improvements, ADA improvements, environmental clean up/asbestos removal, and fire alarm systems are all required or mandated.
- Expansion - to expand a system's service area to meet service demands (perhaps to serve newly annexed, undeveloped, or underserved areas). Projects in this category must relate to a long-range facility plan and conform to land use densities noted in the Comprehensive Plan but not diminish service to existing residents and properties.
- Efficiency - to make the infrastructure system more efficient with technological improvements, etc. These projects should either be money-savers or provide more service without more resources.
Geographic Area- This is a notation the part of the City of Portland where the project is located and which it serves.
- The areas are: Citywide, Central City, East, North, Northeast, Northwest, South, Southeast, Southwest, West and occasionally N/A for no geographic area.
Funding Sources- Funding sources for each project are tracked. There are 15 funding source categories:
General Obligation Bonds (GO Bonds)
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Revenue Bonds
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Local Improvement Districts (LID)
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Tax Increment Financing (TIF)
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System Development Charges (SDC)
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General Fund Discretionary
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General Transportation Revenue (GTR)
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Housing Investment Fund (HIF)
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Service Charges/Fees
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Bureau Revenues
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Intergovernmental
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Grants
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Other Funding
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Fund Balance
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Unfunded
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Project Cost- Costs are divided into four areas: Planning; Design/Project Management; Site Acquisitions; and Construction/Equipment
Fund Level Cost- The Facilities Services in the Office of Management & Finance completes construction/renovation projects for many City bureaus (for example - fire stations, office buildings, etc.) Project management costs are covered by the bureaus and noted in the "Fund Level Cost" portion of the project details description.
Net Operating & Maintenance Costs - O&M costs are the ongoing operating costs of a project. These may be new costs for new facilities or savings due to replacement of old facilities or new innovations which require less maintenance.