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Admin and Finance <br />Administration and Finance – 2024 costs include replacing Network Access devices and Wi-Fi <br />routers through Metro I-Net, the cost is expected to be $10,525. Purchases for election <br />equipment, office furniture and additional financial software are slated for 2024-2026. The <br />priority and timing of these replacements will be evaluated year to year. <br />Future considerations for Capital Improvement Fund: <br />2024 implementation of phasing out the use of Infrastructure transfers as a CIP source and <br />converting that amount to levy. Available Infrastructure dollars have been reallocated to the <br />debt levy reduction to negate levy impact. <br />Parks Improvement Fund <br />The results of the WSB Parks Evaluation have been used to determine the items and timing of <br />future capital expenditures. <br />Present needs included for 2024 are: <br />Silverpoint park playground equipment needs to be replaced. The placeholder for this <br />project assumes the full accessibility option for play equipment, a vendor quote for this <br />is $220,500. <br />As part of the WSB parks assessment, plans over 2024-2025 are to add accessible picnic <br />tables and benches to Central, Emerald, and Silver Point parks; the estimated cost for <br />the 3 parks is $30,000, and to add an accessible route to the picnic shelter and grill at <br />Emerald Park is planned for 2025 at a cost estimate of $15,000. <br />Future considerations for Park Improvement Fund: <br />The Park improvement fund’s revenue source is Park Dedication fees. Allowed uses of park <br />dedication fees are limited in scope. Also, dedication fees are insufficient to add any new <br />amenities in the City Parks. Therefore, the City has been reliant on debt financing for <br />significant additions and improvements. In order to fund the replacement of existing park <br />amenities initiating the city initiated a Parks capital improvement levy in 2021. Currently the <br />levy phasing will be able to fund projects that are smaller in scope, however, larger scope <br />projects will continue to be debt reliant. <br />Summary <br />The proposed 2024 Capital Funds budgets align revenue sources with appropriate needs to ensure <br />sustainability. The budgets as presented are intended to support the Cities present level of services and <br />maintain the City’s infrastructure for current and future community members.