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