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<br />Public Works: Includes various purchases of equipment. Some larger items for the next three years
<br />include:
<br /> 2023 –Toolcat for $57,000
<br /> 2024 – Pickup Truck for $45,000
<br /> 2024 – Backhoe for $90,000
<br /> 2024 – Wood Chipper for $45,000
<br /> 2025 – Front‐End Loader for $130,000
<br /> 2025 – Toolcat for $58,000
<br />Parks & Recreation:
<br /> Pioneer Park Improvements: Proposed Improvements of estimated $1,456,000 in 2023.
<br />
<br />o Play node ‐ $875,000 ($300,000 MnDNR Grant)
<br />o Playground Equipment ‐ $400,000 ($400,000 Donation from LCRA)
<br />o Poured‐In‐Place Rubber Surfacing ‐ $155,000 (Fund 400)
<br />o Trail Repair ‐ $26,000 (Fund 400)
<br />o Additional funding will come from Fund 408 for $145,000 and ARPA Funds for $576,036.
<br />
<br /> EAB removal and replacement: Proposed expenditures $30,000 per year (2023‐2027)
<br />
<br />2021 Actual 2022
<br />Estimated 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
<br />Revenues $1,475,493 $1,205,113 $1,851,753 $315,577 $301,677 $318,277 $290,177 $362,477 $289,777 $376,053 $216,703 $214,103
<br />Expenditures $743,505 $1,341,315 $2,297,910 $1,117,210 $776,568 $1,271,183 $300,707 $409,139 $433,980 $350,131 $327,592 $138,364
<br />Fund Balance $2,691,853 $2,555,651 $2,109,494 $1,307,861 $832,970 $(119,936) $(130,466) $(177,128) $(321,331) $(295,409) $(406,298) $(330,559)
<br /> $(1,000,000)
<br /> $(500,000)
<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 />0
<br />500,000
<br />1,000,000
<br />1,500,000
<br />2,000,000
<br />2,500,000
<br />Fund BalanceRevenues and ExpendituresGeneral Capital Improvement Fund (400)
<br />Revenues Expenditures Fund Balance
<br />
<br />
<br />Staff will provide a detailed PowerPoint presentation on each of these funds at the City Council workshop.
<br />Additional information on each of the primary expenditures and possible funding sources will be discussed
<br />during the workshop, as well as examples of how each funding source will impact the City’s long‐term
<br />fund balance.
<br />
<br />Attachments:
<br />1. Presentation
<br />2. Funding Source Summary
<br />3. Department Summary
<br />4. Projects and Funding Sources with descriptions ‐ 2023
<br />5. Projects by Source and Department
<br />6. Sources and Uses (Fund Balance)
<br />
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