Laserfiche WebLink
REQUEST FOR COUNCIL CONSIDERATION <br />STAFF REPORT <br />AGENDA SESSION DATE June 5, 1995 6 : 00 p.m. <br />SPECIAL WORK SESSION ON THE 1995 <br />LONG TERM FINANCIAL PLAN <br />DISPOSITION <br />Agenda Section: <br />Report Number: <br />Report Date: <br />Item Description: <br />First Draft of 1995 Long Term Financial Plan <br />Administrator's Review/Recommendation: <br />- No comments to supplement this report <br />- Comments attached. <br />Explanation/Summary (attach supplement sheets as necessary.) <br />SUMMARY; <br />Attached please find the first of many drafts of the 1995 Long Term <br />Financial Plan. Following the draft please find the revenue and expenditure <br />projections for years 1996-2000. <br />The narrative pages of the draft have changed little from last year as <br />staff has prepared the draft under the direction of a 1996 levy freeze. <br />Perhaps most significant in this first round discussion is the capital <br />equipment expenditures found at the end of the narratives (light blue <br />paper). Because we have but one hour on Monday night to discuss the first <br />draft, we can concentrate on determining the capital equipment expenditures <br />for 1996. <br />Staff has prepared the capital equipment expenditures with a priority <br />ranking system. The priority key is attached. The General Fund Priority <br />#1 totals are found on page 9 of the blue spreadsheets. <br />Last year, $72,617 in property tax monies was used for capital for a total <br />of $290,431 in capital equipment expenditures (this includes street <br />repairs, vehicle and equipment and special projects). If the property tax <br />monies had not been used, capital expenditures would total $217,814. <br />In order to remain within last year's levy and continue to maintain current <br />service levels despite inflationary factors such as increases in gas, <br />electricity, paper, etc., it will be necessary to keep capital expenditures <br />below last year's non -property tax use level ($217,814). The Priority #1 <br />capital expenditures for 1996 total $193,075. <br />CIP <br />This year, staff will begin the process of establishing a true Capital <br />Improvement Plan which will detail proposed capital projects. This is very <br />important as we begin the process of infrastructure reconstruction and <br />continual capital upgrades for the golf course. As an example of the format <br />for the CIP, I have included a few of the proposed golf course and practice <br />range projects. The second draft wi contain more of the proposed future <br />projects in this format. <br />Sama1 <br />Orduno <br />City dministrator <br />