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cAPITAL PRo�cT FVNns <br />Description• <br />The Capital Frojec� Funds account �or the financial r�sources and ap�ropriaiioczs of <br />constructing and replacing the City's infrastructwre, incl�ding streets arid City buildings <br />or facilities, except those financed hy Enterprise Funds. Capital project funds use the <br />modiiied accrual basis of accounting; however; the cash basis of accour�ting wilt be used <br />foz� budgetary pu�rpases only. The cash basis is used for budgeti�g to ensure that <br />sufficien.t cash will be availa�le to rnake all required payments. <br />Budget Issues <br />The City of Arden Hilis uses a pay-as-you go philosophy for most capital improvements. <br />Tk�e znajor issue the City deals with is fnding adequate funding resources for th� various <br />projecis. <br />Bud�et CommeMtary <br />The active and �roposed proj ects for 20 X 2 inctude: <br />+ Gateway Signs <br />+ Springbrook Software Update <br />• Playground Structure Replacement <br />• Vaientine Park Improvements <br />• Mounds View High School Tcail Connectian <br />• Old Snelling Avenue Trail — Legacy <br />• 2Q12 Crack and Seal Caating <br />• Highway 96 (Old Highway 8 ta US Highway 10) <br />• Sneliing Ave PMP <br />� I-694/TH S1 Interchange Project <br />• Sanitary Sewer Pipe & Access Road ai Lift Station 7 <br />� Water Meter Upgrades <br />• SCADA System <br />• Storm Pond Maintenance <br />• Water Tower Repainting <br />• Hazelnut Irrigation <br />• innovation WaylCounty Road F pond Dredging <br />�orne af these p�raject casts for 2012 include feasibility studies for future projects, <br />Pavement Ma�cageix�ertt Frogram {PMP} costs to preserve streets and infrastructure. <br />These projects have a n�mber of funding sources inciuding special assessments, grants, <br />ihe Water Fund, Sanitary Sewer Fund, and Surface Water Manage�nent Fund. At this <br />time the City does not aniicipate issuing debt to finance these projects. <br />s2 <br />