QUESTION
What is the reason behind the decrease in funding for fiscal year 2026 and the rollover to future years?
3:20:05
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52 sec
The council member inquires about the cause for the 23.7% decrease in the FY26 capital commitment plan and the consequent push of project funding into later fiscal years. The deputy commissioner explains that the purpose is to accurately forecast and allocate funding in the specific fiscal years when it is needed for project continuity, ensuring no projects are paused or halted.
- Funding allocations are based on projections of when funding is required for projects to proceed.
- The adjustments do not cause any delays or stoppages in ongoing projects.
- Funding is reassigned to future fiscal years based on anticipated project timelines and needs.
Justin L. Brannan
3:20:05
The FY 25 executive capital commitment plan includes a decrease of 23.7% in FY 26, which pushes projects funding into the out years.
3:20:17
What's the cause for the roll into the out years?
Therese Braddock
3:20:21
Thank you for the question.
3:20:23
Essentially, what we try to do is we properly forecast the funding into the individual fiscal year in which the funding is needed.
3:20:31
And no, there are there are not any cases where we push the money out into out of years where it is actually pausing a project or causing a project not to continue.
Justin L. Brannan
3:20:43
And why was funding specifically taken from FY 26 and not 25 or 27.
Therese Braddock
3:20:51
Again, it is just a matter of forecasting based on when the funding is actually needed for the project to continue.
