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City of Hugo
<br />2020-2024 CIP
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<br />Project: Water Construction Year: 2020-2024 Appendix E
<br />Sources of Funds
<br /> 2020 2021 2022 2023 2024 Total
<br />Beginning Cash Balance $ 3,231,645 $ 1,340,732 $ 1,329,732 $ 1,243,732 $ 1,242,732
<br />Future Infrastructure Charges: 50 Connections @ $680 $ 34,000 $ 34,000 $ 34,000 $ 34,000 $ 34,000 $ 170,000
<br /> Net Sources of Funds $ 34,000 $ 34,000 $ 34,000 $ 34,000 $ 34,000 $ 170,000
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<br />Uses of Funds
<br /> 2020 2021 2022 2023 2024 Total
<br /> Water Tower No. 4 (project balance):
<br />Construction Contract $ 1,790,447 $ 1,790,447
<br />Engineering Fees $ 134,466 $ 134,466
<br />Dismantle Tower No. 2 $ 30,000 $ 30,000
<br />Watermain Connection at Tower No. 2 $ 15,000 $ 15,000
<br />Increase Well No. 2 Production $ 100,000 $ 100,000
<br />Remove Pressure Reducing Valves: - Highway 61 $ 25,000 $ 25,000
<br />- Goodview Avenue $ 25,000 $ 25,000
<br />Control Panel Upgrades: $ -
<br />- Well No. 3 $ 10,000 $ 10,000
<br />- Well No. 5 $ 10,000 $ 10,000
<br />- Well No. 6 $ 10,000 $ 10,000
<br />SCADA Upgrades $ 25,000 $ 25,000
<br />Full Well Rehabs: $ -
<br />- Well No. 5 $ 35,000 $ 35,000
<br />- Well No. 6 $ 35,000 $ 35,000
<br /> Total Uses of Funds $ 1,924,913 $ 45,000 $ 120,000 $ 35,000 $ 120,000 $ 2,244,913
<br />Ending Fund Balance $ 1,340,732 $ 1,329,732 $ 1,243,732 $ 1,242,732 $ 1,156,732
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