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