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Fiscal Year 2024
<br />BUILDINGS IMPROVEMENT PLAN 2023 - 2040
<br />SOURCES 2023
<br />EST. ACTUAL
<br />2023 2024 2025 2026 2027 2028-2033 2034-2040
<br />Community Center Fund Transfer 110,000$ 110,000$ 115,000$ 120,000$ 125,000$ 130,000$ 810,000$ 840,000$
<br />Reimbursement for Liquor Stores 4,500 23,830 11,000 183,960 21,600 15,000 66,460 36,000
<br />GF Excess Fund balance Transfer (1)- - - - - - -
<br />Building Improvement Levy (2)93,000 93,000 98,000 103,000 108,000 113,000 718,000 720,000
<br />TOTAL 207,500$ 226,830$ 224,000$ 406,960$ 254,600$ 258,000$ 1,594,460$ 1,596,000$
<br />USES City Hall/Community Center 46,500$ 129,420$ 97,500$ 266,000$ 175,000$ -$ 450,073$ 254,028$
<br />Fire Station - - 53,500 112,500 53,000 50,000 269,865 144,220
<br />Public Works 7,500 7,500 - 125,502 240,000 - 333,996 245,500
<br />Park Shelters 9,000 14,180 22,300 73,950 15,000 30,000 88,180 71,000
<br />Liquor Stores 4,500 23,830 11,000 183,960 21,600 15,000 66,460 36,000
<br />TOTAL 67,500$ 174,930$ 184,300$ 761,912$ 504,600$ 95,000$ 1,208,573$ 750,748$
<br />NET CHANGE 140,000 51,900 39,700 (354,952) (250,000) 163,000 385,887 845,252
<br />BEGINNING CASH BALANCE 569,612 569,612 621,512 661,212 306,260 56,260 219,260 605,147
<br />ENDING CASH BALANCE 709,612$ 621,512$ 661,212$ 306,260$ 56,260$ 219,260$ 605,147$ 1,450,399$
<br />(1) Transfer of Excess GF fund balance if available.
<br />(2) Additional Building Improvement Levy of $5,000 annually, paused for 2021, on schedule for 2023. Tops out at $120,000 in 2029.
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