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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Chris Heineman, City Administrator <br />Brenda Malinowski, Finance Director <br /> <br />DATE: October 13, 2021 City Council Workshop <br /> <br />RE: Discussion on 2022-2031 Capital Improvement Plan (CIP) <br /> <br />The purpose of this workshop is to review and discuss the 2022-2031 Capital Improvement Plan (CIP). <br />The purpose of the CIP is to identify projects, project costs, and proposed timelines and funding sources <br />for upcoming projects. There are a total of six capital project funds that are used for capital projects. <br /> <br />I. Infrastructure Capital Project Fund (450) <br /> <br />Background: <br />Street, trails, and storm sewer projects are funded with the Infrastructure Capital Project Fund that was <br />established in 1995 as a way to systematically fund these infrastructure projects. A 15-Year Pavement <br />Improvement Plan was prepared in 2021, and those projects and costs are included in this CIP. <br /> <br />Source of Funds: <br />The fund receives revenues from many sources including the franchise fee for electric and gas, property <br />taxes, and special assessments. <br /> <br />Fund Outlook: <br />With the current property tax levy of $122,200 per year, the fund will have sufficient funds for the <br />infrastructure projects identified in the next ten years. <br /> <br /> <br /> <br /> $- <br /> $500,000 <br /> $1,000,000 <br /> $1,500,000 <br /> $2,000,000 <br /> $2,500,000 <br /> $3,000,000 <br /> $3,500,000 <br /> $4,000,000 <br /> $- <br /> $500,000 <br /> $1,000,000 <br /> $1,500,000 <br /> $2,000,000 <br /> $2,500,000 <br /> $3,000,000 <br /> $3,500,000 <br />2019 Actual2020 Actual2021 Est2022202320242025202620272028202920302031Fund BalanceRevenues and ExpendituresInfrastructure Capital Project Fund <br />Revenues Expenditures Fund Balance