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CITY OF LITTLE CANADA
<br />CAPITAL PROJECTS 2022-2031
<br />INFRASTRUCTURE CAPITAL IMPROVEMENT FUND SUMMARY (450)
<br />2021 Est 2022 2023 2024
<br />REVENUE SUMMARY:
<br />General property tax levy 122,200$ 122,200$ 122,200$ 122,200$
<br />Assessments 274,500 155,050 236,300 582,800
<br />Connection charges - - - -
<br />Fra-dor license fee (1)18,000 18,000 18,000 18,000
<br />Franchise fee 350,000 350,000 350,000 350,000
<br />Intergovernmental - - 607,000 -
<br />MSA - 55,000 650,700 876,900
<br />MSA Advance 31,914
<br />Transfer for Powerline trail land acq.- - - -
<br />Interest 30,000 31,000 19,300 15,800
<br />TOTAL REVENUE 826,614$ 731,250$ 2,003,500$ 1,965,700$
<br />EXPENDITURE SUMMARY:
<br />Audit fees 1,730$ 1,760$ 1,800$ 1,840$
<br />Assessment fees 830 850 870 890
<br />General Engineering - - - -
<br />Project Costs-Streets (Detail on pgs 46-47)642,761 1,718,500 2,151,300 1,151,200
<br />Project Costs-Trails (Detail on pages 54-55)- - - -
<br />Project Costs-Storm (Detail on pages 56-57)78,909 168,600 175,000 40,000
<br />Transfer to Gen. Cap. Improve. Fund 5,500 14,600 18,300 9,800
<br />TOTAL EXPENDITURES 729,730$ 1,904,310$ 2,347,270$ 1,203,730$
<br />NET INCREASE (DECREASE)96,884$ (1,173,060)$ (343,770)$ 761,970$
<br />BEGINNING FUND BALANCE 3,004,685$ 3,101,569$ 1,928,509$ 1,584,739$
<br />ENDING FUND BALANCE 3,101,569$ 1,928,509$ 1,584,739$ 2,346,709$
<br />(1) Interim Use agreement at .20/ton. Increases by CPI each year. Current agreement expires 12/31/2040.
<br />MSA Balance*
<br />Beginning (16,093)$ 298,207$ 16,807$
<br />Allocation 369,300 369,300 369,300
<br />Construction (55,000) (650,700) (876,900)
<br />Ending 298,207$ 16,807$ (490,793)$
<br />*The City may request MSA advances up 5 times the last construction allowance.
<br />For LC this would be $1.8 million based on the 2021 construction allotment.
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