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<br />The snap shop below is the fund after reassignments:
<br />
<br />Full versions of the 8 year summary sheets are attached as exhibits “BEFORE” and “AFTER”.
<br />The reassignments will leave the Capital Equipment Fund with the asset replacement costs funded by
<br />the CIP Levy, MSA, sale of equipment and interest earnings. At the completion of street reconstruction
<br />program the current MSA source would be redirected to support the street’s mill and overlay process.
<br />The Road Improvement levy reduction would shift to the CIP to the extent needed to replace the annual
<br />MSA source.
<br />The outcome of the reassignments is that the daily operating needs within the Capital Equipment Fund
<br />will be provided for through 2023. Funding for specific capital items will be improved as well.
<br />
<br />Street Improvement and Debt Service Plan
<br />The June 29th work session reviewed the future Street Improvement and Debt Service Plan and its
<br />impact upon the 2017 levy. The documents here in have been updated to reflect the 2017 Street project
<br />Fiscal Year 2017
<br />BEFORE AFTER DIFFERENCE
<br />SOURCES 8 year Total 8 year Total 8 year Total
<br />Capital Improvement Levy 2,088,390$ 2,088,390$
<br />MSA/Revolving Funds 720,000 720,000
<br />Water Filtration Transfer 400,000 400,000
<br />Utility Fund Transfer 355,000 355,000
<br /> Trade/Sale of Equipment 69,685 69,685
<br /> Donations 2,500 2,500
<br />TOTAL 3,635,575$ 3,635,575$ -$ No change in total sources
<br />Uses
<br />Police 1,635,181$ 1,635,181$
<br />Fire 655,229 655,229
<br />PW Utilities 390,612 -
<br />Administration/Finance 165,609 165,609
<br />Streets 672,616 528,811
<br />Parks 404,462 404,462
<br />DAILY OPERATIONS-MINIMAL EQUIPMENT NEEDS 3,923,709$ 3,389,292$ (534,417)$ Impact of reassigned costs
<br />MINIMAL SHORTFALL (288,134)$ 246,283$ 534,417$ Minimal operating needs met
<br />SPECIFIC OPERATIONS - EQUIPMENT NEEDS*
<br />Scheduled Items
<br />1985 Fire Engine - 13 425,000$ 425,000$ -$
<br />1990 Street L8000 Dump Truck 195,075 195,075 -
<br />1995 Street 444G Front-End Loader 174,887 174,887 -
<br />1999 Parks 4500 Tractor 39,802 39,802 -
<br />1999 Utility Sterling Vactor/Jetter cost less 50% grant 121,774 - 121,774
<br />2004 Utility M2 Water Tanker/Flusher 175,698 - 175,698
<br />2003 Street M8500 Dump Truck 226,211 - 226,211
<br />1,358,446$ 834,764$ 523,683$
<br />OVERALL SHORTFALL (1,646,580)$ (588,481)$ 1,058,100$ Reduction in unmet specific needs
<br />CAPITAL IMPROVEMENT PLAN 2017 - 2023
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