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The CIP is summarized by the following sections: <br />• Funding Summary by Year <br />• Projects by Year <br />• Projects by Type <br />• Funding Summary by Fund <br />• 2021 Project Forms <br /> <br />FUNDING SUMMARY BY YEAR (PAGE 11) <br />This CIP covers the period form 2021-2025 and is organized by the funding sources of the improvement <br />project. Over the next five years, $12.9 million in projects have been identified. <br /> <br />2021 2022 2023 2024 2025 Total <br />$2,524,100 $4,203,350 $1,897,560 $2,111,610 $2,130,805 $12,867,425 <br /> <br /> Debt will not need to be issued to fund these projects since adequate funds from other sources have been <br />identified. Electric and gas franchise fees is the largest funding source for these capital projects, followed <br />by street project assessments, and water and sewer user fees. Property taxes make up 19% of the funding. <br />These property taxes are levied for street projects ($122,200 per year) and future fire equipment <br />($160,000 per year). <br /> <br /> <br />$308,150 <br />$2,379,515 $2,354,250 <br />$883,250 <br />$5,539,860 <br />$75,000 <br />$1,327,400 <br /> $- <br /> $1,000,000 <br /> $2,000,000 <br /> $3,000,000 <br /> $4,000,000 <br /> $5,000,000 <br /> $6,000,000 <br />Buildings & <br />Admin <br />Fire Parks & <br />Recreation <br />(includes <br />trails) <br />Public <br />Works <br />Equipment <br />Street <br />Projects <br />Storm <br />Projects <br />Water & <br />Sewer <br />Projects <br />2021-2025 Capital Improvement Projects by Type <br />Franchise fee <br />24% <br />Assessments <br />20% <br />Utility User Fees <br />20% <br />Property Taxes <br />19% <br />LGA <br />5% <br />Donations & <br />Grants <br />2% <br />Other <br />10% <br />2021-2025 Funding Sources <br />2DRAFT DOCUMENT 10-09-2020