HomeMy WebLinkAboutAgenda Packet City Council - 08/28/2025 Cityof Corpus Christi 1201 Leopard Street
Corpus Christi,TX 78401
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Meeting Agenda Final
City Council Workshop
Thursday,August 28,2025 9:00 AM Council Chambers
Capital Improvement Program (CIP), and Overview of City's Debt profile and Potential
Adjustments to the FY 2026 Proposed Budget
Public Notice: ITEMS ON THIS AGENDA ARE FOR COUNCILS INFORMATIONAL
PURPOSES ONLY. NO ACTION WILL BE TAKEN AND NO PUBLIC COMMENT WILL BE
SOLICITED.
A. Mayor Paulette Guajardo to call the meeting to order.
B. City Secretary Rebecca L. Huerta to call the roll of the required Charter Officers
C. BRIEFINGS
Briefing information will be provided to the City Council during the Council meeting.
Briefings are for Council information only. No action will be taken and no public comment
will be solicited.
25-1409 Presentation on the Capital Improvement Program (CIP), and Overview of
City's Debt profile and Potential Adjustments to the FY 2026 Proposed
Budget
sponsors: Office of Management and Budget
D. Adjournment
City of Corpus Christi Page 1 Printed on 8/25/2025
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/NCOOPOR AGENDA MEMORANDUM
1852 City Council Workshop of August 28, 2025
DATE: August 28, 2025
TO: Peter Zanoni, City Manager
FROM: Amy Cowley, Director of Management and Budget
amyc1(o-)-cctexas.com
361-826-3796
FY 2026 Proposed Budget Workshop #4: Presentation on the Capital Improvement
Program (CIP), and Overview of City's Debt profile and Potential Adjustments to the
FY 2026 Proposed Budget
STAFF PRESENTER(S):
Name Title/Position Department
1. Jeff Edmonds Director Engineering Services
2. Amy Cowley Director Management & Budget
OUTSIDE PRESENTERS :
1. Victor Quiroga Managing Director Specialized Public Finance Inc.
ISSUE:
This is the fourth of four City Council workshops to discuss the FY 2026 Proposed Budget. The
topic for the fourth workshop includes a presentation on the Capital Improvement Program (CIP),
and Overview of City's Debt profile and Potential Adjustments to the FY 2026 Proposed Budget.
BACKGROUND:
At this workshop, the City Council will be presented with the Capital Improvement Program (CIP),
and Overview of City's Debt profile and Potential Adjustments to the FY 2026 Proposed Budget.
Capital Improvement Program (CIP): The focus of the Engineering Department is to assist City
departments in support of new projects and maintenance of existing infrastructure. The total FY
2026 proposed budget for Capital Improvement Program is $764M, excluding transfers from other
funds it would be $693.2M.
Overview of City's Debt Profile: This portion of the workshop will provide City Council with a
briefing on the City's current debt position. Our financial advisor will outline key components
including total outstanding debt, types of debt instruments in use (such as general obligation and
revenue bonds), repayment timelines, and interest rate trends. The overview will also touch on
the City's credit rating, debt capacity, and how current obligations align with long-term financial
planning. The goal is to equip Council with a clear understanding of our fiscal standing and inform
future decisions related to capital investments and borrowing strategies.
Potential Adjustments to FY 2026 Proposed Budget: This workshop will also include a discussion
with the City Council on any potential budget amendments resulting from the seven public input
sessions and the four City Council Budget work sessions. A summary of all amendments will be
presented to the City Council at the first reading of the FY 2026 budget on September 2, 2025.
Final reading will take place on September 9, 2025.
LIST OF SUPPORTING DOCUMENTS:
PowerPoint— not attached
FY 2026 Proposed Operating Budget
FY 2026 Proposed Capital Budget