09-24-2014 Council Agenda - Laserfiche WebLink

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Some key highlights from the other funds are as follows: • Park & Recreation Fund (201) Made additional $10,000 transfer to General Fund to catch up for 2013 when transfer was not made. This is from Adult Softball Fees. • CATV - $180,000 budget for complete Control Room/Equipment Upgrade. Will make us HD compatible and upgrade to current technology. • CATV - $205,000 for additional Building Upgrades related to City Hall remodel. • Debt Service Funds — Adds Public Works/Parks Maintenance Facility repayments (G.O. Bonds of 2014) to schedule. The repayments are funded by depreciation in the Water & Sewer Funds through Fund 604. • General Capital Improvement Fund — continued practice of not budgeting LGA beyond current budget year given past instability. Without these dollars, fund shows a slight deficit in 2019. (This will be discussed in greater detail at an upcoming workshop.) • Infrastructure Improvement Fund (450) — Added in possibility of Centerville Road in 2015 whereby we would finance the project for a couple of years and then be reimbursed the County's share. This is still a tentative plan. We also proposed to major full depth pavement reclamations on Country Drive and South Owasso as part of our normal program. • Water & Sewer Capital Replacement Fund (604) — This fund will effectively make the debt service payments for the new garage. We have also funded some other equipment and furnishings for the new building from this fund totaling $93,200. • Water & Sewer Funds (601 & 602 respectively) are still very tentative given we have only billed two quarters of the year. We expect our reduced percentage of payment to St. Paul Regional Water (71 % to 65% plus a $7,800 fixed fee per month) will give us some relief. Met Council Environmental Service charges (sewage treatment) bounced back up but not as high as they were. We should be in decent shape in this fund. Our goal Wednesday night is to decide on a levy that you are comfortable certifying. This number can be reduced, but cannot be increased. We will then have additional workshops later this fall to refine the budget before adoption in December. If you have comments or questions in the meantime, please let us know. C:\Users\kalhy.glanzer\AppData\localW icrosofl\Win(lows \Temporary Internet I''iles\Content.Outlool<\KP.II 1020\2015 Preliminary 13adgel Memo -9 18 14.doos