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L City Financing <br />What have we spent to date from the "War Chest" <br />on goals <br />' Sent $4 million in cash in 2007 on projects and goals <br />outlined at the City's annual goal setting <br />$1.2 million on Silver Lake Road <br />$1.2 million on Foss Road Lift Station <br />$700,000 on wireless water meters <br />' $925,000 to payoff three (3) bond issues <br />Cash came from: <br />Chandler TIF district, WAC /SAC, Storm water fund, TIF District <br />3 -5 (Apache), Reserves and Bond fund <br />[Capital Improvements & <br />Equipment <br />Capital Equipment Over Next 5 Years (2008 -2012) <br />$2.157 Million <br />Long -term goal is to fund equipment on a pay -as- you -go <br />basis <br />Estimates of annual expenses are approximately <br />$450,000 /year <br />Funding source of $450,000 annually identified <br />Liquor Store transfers - $200,000 <br />MSA Revolving Funds - $150,000 <br />Water Filtration Fund (Interest earnings) - $50,000 <br />Other funds - $50,000 (in 2008 it is from cost savings for the <br />purchase of the Street Sweeper purchased in 2007) <br />Future needs are addressed with annual set aside identified <br />above and ability to issue an equipment certificate for major <br />capital equipment expenditures in the future, but only if <br />needed <br />