|
-
<br /> 2,000,000.00
<br /> 4,000,000.00
<br /> 6,000,000.00
<br /> 8,000,000.00
<br /> 10,000,000.00
<br /> 12,000,000.00
<br /> 14,000,000.00
<br />2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
<br />Infrastructure Fund 450 - Expenditures
<br />Street Projects Inflation Other
<br />
<br />
<br />Fund Outlook:
<br />Noted in the graph below, beginning with 2029, the fund is running a deficit fund balance, and it looks like
<br />it will recover beginning with 2035. The deficit is projected because of one proposed large project, the LC
<br />Road 4-3 and Roundabout. There is still $1,625,000 of funding needed for the completion of this project
<br />that has not yet been identified, and the addition of the sidewalk portion of the Country Drive – LC Rd to
<br />So Owasso project, an additional $500,000. The City has already pushed back one year all other street
<br />projects from 2027, as well as planning to access its MSA funds earlier in 2026 and 2028 to keep the fund
<br />balance positive in 2027 and 2028 to have sufficient funds for the LC Road/ Roundabout project.
<br />
<br />The trail portion of the Labore Road street project (Centerville to County Road D) was included for
<br />completion in 2028 for $3,300,000 with a $1,500,000 possible MnDOT LRIP grant and in 2033 for
<br />$1,663,900 with a $1,000,000 SRTS grant. If the grants are awarded, they could potentially fund the entire
<br />Labore project or only a part. The total project cost is estimated at $4,963,000. All the grants noted have
<br />been included in the fund balance projection below. If grants are not awarded and the City still desires to
<br />move forward with the project, additional revenues ($2.5 million) would need to be identified.
<br />
<br />2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
<br />Revenues $10,962,82 $1,235,900 $10,650,80 $1,398,200 $1,338,000 $2,275,000 $2,382,000 $2,633,000 $1,279,200 $833,000
<br />Expenditures $10,877,48 $590,988 $12,276,74 $1,940,008 $1,591,843 $2,114,053 $2,195,503 $2,387,353 $1,557,809 $15,531
<br />Fund Balance $1,393,439 $2,038,351 $412,406 $(129,402) $(383,245) $(222,298) $(35,801) $209,846 $(68,763) $748,706
<br />-1,000,000
<br />-500,000
<br />0
<br />500,000
<br />1,000,000
<br />1,500,000
<br />2,000,000
<br />2,500,000
<br />0
<br />2,000,000
<br />4,000,000
<br />6,000,000
<br />8,000,000
<br />10,000,000
<br />12,000,000
<br />14,000,000
<br />Fund BalanceRevenues and ExpendituresInfrastructure Capital Project Fund 450 - Fund Balance
<br />Revenues Expenditures Fund Balance
<br />10
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