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City of Hugo
<br />2020-2024 CIP
<br />Project: Street Improvement Fund
<br />Year: 2020-2024
<br />Sources of Funds
<br />2020 2021 2022 2023 2024
<br />Beginning Fund Balance $ 5,266,196 $ 5,263,131 $ 4,215,133 $ 4,098,666 $ 2,284,000 Total
<br />Property Tax Levy $ 1,160,000 $ 1,160,000 $ 1,160,000 $ 1,160,000 $ 1,160,000 $ 5,800,000
<br />Assessments - S. Egg Lake
<br />$
<br />13,160
<br />$ 13,160
<br />Assessments - Property Demo
<br />$
<br />2,377
<br />$ 2,377
<br />Assessments - 165th Street
<br />$
<br />4,806
<br />$ 4,641
<br />$
<br />4,476
<br />$ 4,311
<br />$ 4,145
<br />$ 22,379
<br />Assessments - Rice Lake Mea
<br />$
<br />39,003
<br />$ 37,690
<br />$
<br />36,377
<br />$ 35,064
<br />$ 33,751
<br />$ 181,885
<br />Assessments - 147/Oneka Lake Blvd
<br />$
<br />12,606
<br />$ 12,199
<br />$
<br />11,792
<br />$ 11,385
<br />$ 10,979
<br />$ 58,961
<br />Assessments - North Sunset Lake
<br />$
<br />13,844
<br />$ 13,409
<br />$
<br />12,973
<br />$ 12,538
<br />$ 12,102
<br />$ 64,866
<br />Assessments - Oneka Lk/Harrow
<br />$
<br />8,968
<br />$ 8,694
<br />$
<br />8,421
<br />$ 8,147
<br />$ 7,874
<br />$ 42,104
<br />Assessments - Goodview Ave (reclamation)
<br />$
<br />-
<br />$ 19,650
<br />$
<br />19,062
<br />$ 18,474
<br />$ 17,886
<br />$ 75,072
<br />State Aid*
<br />$
<br />653,456
<br />$ 516,230
<br />$
<br />516,230
<br />$ 516,230
<br />$ 516,230
<br />$ 2,718,376
<br />Total Sources of Funds
<br />*Estimated 21 % Reduction
<br />$
<br />1,908,220 $ 1,772,513
<br />Uses of Funds
<br />$
<br />1,769,331
<br />$ 1,766,149
<br />$ 1,762,967
<br />$ 8,979,180
<br />MMM
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />Total
<br />2020: Finish 130th Street (Adelaide Landino)
<br />$
<br />300.000
<br />$ 300.000
<br />Masonry Monument Sign - North End of Hwy 61
<br />$ 75,000
<br />$
<br />75,000
<br />2021: Downtown Area (rural to urban recon)
<br />$ 2,820,511
<br />$
<br />2,820,511
<br />Excludes 145th Street & Finale Avenue
<br />Includes Extension of 147th to Oneka Pkwy
<br />2022: Oneka Parkway (urban recon, mill & overlay)
<br />$ 1,860,798
<br />$
<br />1,860,798
<br />2023: 130th St & Farnham (urban recon)
<br />$ 849,540
<br />$
<br />849,540
<br />2023: Falcon Avenue (rural reclamation)
<br />$ 437,855
<br />$
<br />437,855
<br />2023: Flay Road (urban mill & overlay)
<br />$ 262,756
<br />$
<br />262,756
<br />2023: Beaver Ponds (urban mill & overlay)
<br />$ 451,371
<br />$
<br />451,371
<br />2023: Fenway Blvd, Europa, Fable Hill Way
<br />$ 1,293,751
<br />$
<br />1,293,751
<br />(urban mill & overlay)
<br />2023: Goodview Avenue (urban mill & overlay)
<br />$ 260,542
<br />$
<br />260,542
<br />2024: Birch Tree Ponds (urban full bit removal)
<br />$ 1,517,381 $
<br />1,517,381
<br />2024: Signal at Oneka Pkwy/CSAH 8 (county project)
<br />$ 25,000
<br />$ 25,000
<br />$ 200,000 $
<br />250,000
<br />Total Uses of Funds
<br />Ending Fund Balance
<br />$ 1,911,285 $ 2,820,511 $ 1,885,798
<br />$ 5,263,131 $ 4,215,133 $ 4,098,666
<br />$ 3,580,815
<br />$ 2,284,000
<br />$ 1,717,381 $
<br />$ 2,329,586
<br />11,915,790
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