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Capital Equipment Fund The June 29th work session provided a summary of the Capital Equipment sources and uses for 2016- 2023. The work session discussions centered on how to best meet the shortfalls in funding of the equipment used in daily operations over the next eight years. The eight year period is relevant as that is when the debt levy is projected to plateau. The document from the work session has been updated to include activity for 2016 and any changes in uses based on meetings with Department heads. With the proposed creation of the Utilities Infrastructure fund certain sources and uses will be reassigned to that fund. See snapshot below for the fund before reassignments. Fiscal Year 2017 SOURCES 8 year Total Capital Improvement Levy 2,088,390$ MSA/Revolving Funds 720,000 Water Filtration Transfer 400,000 Utility Fund Transfer 355,000 Trade/Sale of Equipment 69,685 Donations 2,500 TOTAL 3,635,575$ Uses Police 1,635,181$ Additional 65k in 2017 for wearable cameras Fire 655,229 Administration/Finance 165,609 PW Utilities 390,612 Moved to Proposed Utilities Infrastructure Fund Streets 672,616 Sweeper moved to Stormwater Parks 404,462 DAILY OPERATIONS-MINIMAL EQUIPMENT NEEDS 3,923,709 MINIMAL SHORTFALL (288,134)$ SPECIFIC OPERATIONS - EQUIPMENT NEEDS* Scheduled Items 1985 Fire Engine - 13 425,000 1999 Utility Sterling Vactor/Jetter (1)121,774 1992 Utility 375K Generator Set (3)- 2004 Utility M2 Water Tanker/Flusher 175,698 1990 Street L8000 Dump Truck 195,075 2006 Street Sweeper (2)- Moved to Stormwater fund 1995 Street 444G Front-End Loader 174,887 2003 Street M8500 Dump Truck 226,211 Extended replacement life to 25 years 1999 Parks 4500 Tractor 39,802 1,358,446 OVERALL SHORTFALL (1,646,580)$ CAPITAL IMPROVEMENT PLAN 2017 - 2023 Moved to Proposed Public Utilities Infrastructure Fund fund Transfers scheduled for 2017-2023 completed in 2016 by distribution of WF fund assets