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<br />City of Hugo
<br />2014-2018 CIP
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<br />Project: Stormwater Utility Fund Year: 2020-2024 Appendix G
<br />Sources of Funds
<br /> 2020 2021 2022 2023 2024 Total
<br />Beginning Cash Balance $ 1,081,617 $ 475,135 $ 395,923 $ 343,211 $ 290,499
<br /> Property Tax Levy $ 278,788 $ 278,788 $ 278,788 $ 278,788 $ 278,788 $ 1,393,940
<br />JD2 Maint Reimbursement $ 151,714 $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 311,714
<br />From Waters Edge for Phase I & II Reuse $ 59,500 $ 59,500 $ 59,500 $ 59,500 $ 59,500 $ 297,500
<br />From Apartment Developer for CSAH 8 Reuse $ - $ 50,000 $ 7,500 $ 7,500 $ 7,500 $ 72,500
<br />Grant Funds for Phase II Reuse Project $ 185,760 $ - $ - $ - $ - $ 185,760
<br />Grant Funds for CSAH 8 Reuse Project $ - $ 150,000 $ - $ - $ - $ 150,000
<br />From Lions Park Bond Issue $ - $ 500,000 $ - $ - $ - $ 500,000
<br /> Total Sources of Funds $ 675,762 $ 1,078,288 $ 385,788 $ 385,788 $ 385,788 $ 2,911,414
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<br />Uses of Funds
<br /> 2020 2021 2022 2023 2024 Total
<br /> Engineering - Annual Bridge Inspections $ 7,000 $ 7,000 $ 7,000 $ 7,000 $ 7,000 $ 35,000
<br />- LGU Fees $ 45,000 $ 45,000 $ 45,000 $ 45,000 $ 45,000 $ 225,000
<br />- Planning… $ 23,000 $ 23,000 $ 23,000 $ 23,000 $ 23,000 $ 115,000
<br />- MS4 Expenses $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 4,500 $ 22,500
<br />Stormwater Maintenance Costs: Culverts/Road Ditching $ 120,000 $ 120,000 $ 120,000 $ 120,000 $ 120,000 $ 600,000
<br />Catch Basin Repairs (inhouse) $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 250,000
<br />Catch Basin Repairs (outsourced) $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 500,000
<br />JD2 Maintenance $ 151,714 $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 311,714
<br />Dues, Flooding Issues, Backhoe Parts & Repairs… $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 175,000
<br />Water Reuse Project Costs: - Waters Edge Phase II $ 732,030 $ 732,030
<br />- CSAH 8 $ 719,000 $ 719,000
<br />Beaver Ponds (seasonal startup/winterization/electricity $ 2,000 $ 2,000 $ 2,000 $ 2,000 $ 2,000 $ 10,000
<br />Water’s Edge Reuse (seasonal startup/winterization/electricity) $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 60,000
<br /> Total Uses of Funds $ 1,282,244 $ 1,157,500 $ 438,500 $ 438,500 $ 438,500 $ 3,755,244
<br />Ending Fund Balance $ 475,135 $ 395,923 $ 343,211 $ 290,499 $ 237,787
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