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Executive Summary Financial Analysis The SWCP contains a financial analysis of the City's Surface Water fund that calculates available resources for the operating fund and capital fund for a 10-year planning period using projected revenue from grants, issuance of debt, and utility rates. The financial analysis may be used as a tool to determine if future rates are sufficient to cover operating and capital costs. The Financial Analysis is given in Section 2.3. Capital Improvement Program The SWCP's primary focus and essential planning tool is the recommended Capital Improvement Program (CIP). Capital improvement projects are designed to address issues identified in the SWCP by improving the surface water controls, surface water conveyances, and stormwater treatment facilities in the SWSA. Recommended improvements include increasing conveyance capacity, providing and improving water quality treatment, and enhancing habitat areas and stream channels. The SWCP also includes other maintenance and improvement projects that could be considered by the City and other agencies. A total of 34 capital improvement projects are recommended for the SWSA. Projects are developed through the conceptual stage with a planning-level cost opinion. The total anticipated project cost of the recommended CIP is $45 million for all 34 projects. The Capital Improvement Program is described in Chapter 3. Organization of the SWCP The City has elected to take a watershed-based approach to studying and planning programs and improvements for the SWSA. This approach allows the City to prioritize issues and solutions based on the natural and human patterns unique to each watershed. Additionally, this approach is favored by the Washington State Department of Ecology (Ecology) and other agencies that provide funding for capital improvements. The SWCP divides the SWSA into three major watersheds— Lake Washington, Port Gardner Bay, and Snohomish River. The SWCP consists of four volumes. Volume I is a summary and implementation plan. The remaining three volumes are watershed plans that describe the three major watersheds and describe the capital planning process within each watershed. Volume II — Lake Washington Watershed Plan Volume III— Port Gardner Bay Watershed Plan Volume IV—Snohomish River Watershed Plan Watershed Plans consist of basin plans for the watershed's component basins. Each basin plan includes a basin characterization including identification of issues and, if applicable, development of projects to address issues. City of Everett Surface Water Comprehensive Plan ES-3 Volume I—Summary and Implementation Plan 2022