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Fiscal Year 2025
<br />BUILDINGS IMPROVEMENT PLAN 2025 - 2041
<br />SOURCES 2024
<br />EST. ACTUAL
<br />2024 2025 2026 2027 2028 2029 2030-2035 2036-2041
<br />Community Center Fund Transfer 135,000$ 135,000$ 120,000$ 135,000$ 150,000$ 150,000$ 150,000$ 810,000$ 840,000$
<br />Reimbursement for Liquor Stores 11,000 11,000 183,980 21,600 15,000 17,680 - 65,905 27,389
<br />GF Excess Fund balance Transfer (1) - - - - - -
<br />Grant Funds 78,000 36,000
<br />Building Improvement Levy (2) 98,000 98,000 115,500 130,500 145,500 160,500 175,500 750,000 900,000
<br />TOTAL 244,000$ 244,000$ 497,480$ 323,100$ 310,500$ 328,180$ 325,500$ 1,625,905$ 1,767,389$
<br />USES City Hall/Community Center 143,090$ 143,090$ 36,000$ 227,500$ 230,000$ 28,000$ 66,223$ 455,850$ 174,028$
<br />Fire Station 189,134 189,134 138,500 53,000 50,000 15,365 - 363,720 35,000
<br />Public Works 1,661 1,661 405,640 49,862 - 47,690 154,000 295,491 105,500
<br />Park Shelters 17,583 17,583 43,950 37,300 30,000 30,730 20,500 63,450 71,000
<br />Liquor Stores 11,000 11,000 183,980 21,600 15,000 17,680 - 65,905 27,389
<br />TOTAL 362,468$ 362,468$ 808,070$ 389,262$ 325,000$ 139,465$ 240,723$ 1,244,415$ 412,918$
<br />NET CHANGE (118,468) (118,468) (310,590) (66,162) (14,500) 188,715 84,778 381,490 1,354,472
<br />BEGINNING CASH BALANCE 711,034 592,566 592,566 281,976 215,814 201,314 390,028 201,314 582,804
<br />ENDING CASH BALANCE 592,566$ 474,098$ 281,976$ 215,814$ 201,314$ 390,028$ 474,806$ 582,804$ 1,937,276$
<br />(1) Transfer of Excess GF fund balance if available.
<br />(2) Additional Building Improvement Levy of $5,000 annually, recommended increase of $15,000 for 2025 and future years to keep up with inflationary cost increases
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