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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 67,194 48,781
<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$ 1,595,194$ 1,608,781$
<br />USES City Hall/Community Center 46,500$ 129,422$ 97,500$ 266,000$ 205,000$ -$ 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 - 125,502 210,000 - 357,181 245,500
<br />Park Shelters 9,000 11,225 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 67,194 48,781
<br />TOTAL 67,500$ 171,977$ 184,300$ 761,912$ 504,600$ 95,000$ 1,232,492$ 763,529$
<br />NET CHANGE 140,000 54,853 39,700 (354,952) (250,000) 163,000 362,702 845,252
<br />BEGINNING CASH BALANCE 569,612 569,612 624,465 664,165 309,212 59,212 222,212 584,914
<br />ENDING CASH BALANCE 709,612$ 624,465$ 664,165$ 309,212$ 59,212$ 222,212$ 584,914$ 1,430,166$
<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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