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3 <br /> <br />reorganize the project numbering and naming conventions. Part of that process was to assign <br />project numbers of related items the same numerical value. So, you will find that the 2026 Street <br />& Utility Improvements has a project PW-101 for the street portion and a project W-101 for the <br />water portion. Project numbers are also grouped by category; trucks are the lowest numbers, <br />then equipment, annual street improvements are 100+, etc. <br /> <br />All cost estimates are preliminary and based on current dollars. No assumptions have been made <br />about inflation. It will be important to refine and update costs each year when the plan is <br />reviewed, especially for projects in the first year or two of the plan. <br /> <br />Some purchases that are not likely to occur until slightly beyond the ten-year planning period <br />may also be included in the CIP, such as the Ladder Truck, in order to see their impact on fund <br />balances. Most of these projects are replacements for equipment and vehicles (such as fire <br />trucks) which may have a life span of 10, 15 or 20 years and more. The plan may also include <br />“pending” projects for which timelines (and in most cases, cost estimates) have not yet been <br />identified, such as the MPCA grant projects that have currently lost funding. As more <br />information is developed about the need for, cost, and possible funding sources for these <br />projects, they will be included in future CIP updates. <br /> <br />Funding Sources <br /> <br />The CIP identifies a possible funding source(s) for each project listed. The main funding sources <br />are as follows: <br /> <br />Bond Proceeds Projects financed by borrowing, later to be repaid with <br />property taxes or utility funds, and potentially special <br />assessments depending upon the characteristics of the <br />project. Bond Proceeds are further designated by how <br />they will be repaid, assessment, tax levy, or water fund. <br /> <br />General Fund Annual operating budget which occasionally funds CIP <br />projects, primarily funded by property tax revenues. <br /> <br />Park Dedication Fund (404) Existing City fund, receipts from cash-in-lieu of land park <br />dedication fees paid by developers and others who <br />subdivide their land. <br /> <br />Stormwater Fund Funds come from fees paid by users of the Stormwater <br />system. <br /> <br />Wastewater (Sewer) Fund Funds come from fees paid by users of the Wastewater <br />(Sewer) System. <br /> <br />Vehicle & Equipment Fund <br />(410) <br />Fund used to segregate funds set aside for planned vehicle <br />replacements and new acquisitions. Funds are transferred <br />from the operating budget (primarily property taxes) and <br />the sale of equipment. <br /> <br />Water Fund Funds come from fees paid by users of the Water System. <br />