CAPITAL IMPROVEMENT PROGRAM
New Construction New construction projects preserve and enhance the City’s ability to serve the community and sustain Irvine’s planned growth. The two-year CIP budget provides $107.9 million in new construction related projects which accounts for approximately 74% of the total allocation. Significant new construction projects are anticipated for arterial road improvements, open space trails, and Great Park infrastructure and construction projects. The two-year CIP budget projects are summarized by category in Table 2 and Chart 1. FY 2019-20 capital budget totals $81.3 million and in FY 2020-21 capital budget totals $64 million. Capital improvement projects for both fiscal years consist of $15.9 million for facility projects, $42.5 million for Great Park projects, $5.7 million for landscape projects, and $81.2 million for street andmobility projects. Due to the long construction periods of most significant CIP projects, capital expenditures tend to span several years. Information for continuing City CIP project appropriations that have been funded in prior years are provided in Table 6 (towards the end of this section). These continuing projects are re-evaluated annually during the fiscal year- end review period and completed projects are closed out during this process.
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FY 2019-21 Proposed Budget
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