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53 <br />[Capital Improvements & <br />Equipment <br />Capital Equipment Over Next 5 Years (2008-2012) <br />- $2,157 Million <br />Long-term goal is to fund equipment on a pay-as-you-go <br />basis <br />Estimates of annual expenses are approximately <br />$450,000/year <br />Funding source of $450,000 annually identified <br />Liquor Store transfers - $200,000 <br />VISA Revolving Funds - $150,000 <br />Water Filtration Fund (Interest earnings) - $50,000 <br />Other funds - $50,000 (in 2008 it is from cost savings for the <br />purchase of the Street Sweeper purchased in 2007) <br />Future needs are addressed with annual set aside identified <br />above and ability to issue an equipment certificate for major <br />capital equipment expenditures in the future, but only if <br />needed <br />[Capital Improvements <br />Street Construction/Reconstruction <br />Goal is to keep debt levy at existing level <br />(approximately $1.3 million) <br />Continue 30 year plan <br />Started in 1993 <br />Will be completed with all roads in 2022 <br />Able to maintain the annual appropriation <br />