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the past) but instead direct them toward capital projects. They are included in the PIR Fund in this plan, similar to last year. CIP Franchise Fees Update Included in this budget are franchise fee revenues of $435,000 annually that will be used to offset debt service for the new fire station of approximately $270,000 annually. Excess franchise fees will be approximately $165,000 annually. During the October 14, 2024 Work Session, Council's consensus was to direct any excess franchise fees towards paying down the principal balance on the bond. The City may elect, starting on February 1, 2035, to prepay the bond. Staff will bring this topic back at a future discussion upon completion of the new fire station project. Tree Preservation and Landscaping Fund The current fund balance for the Tree Preservation and Landscaping Fund is currently $31,815.50. How would Council like to utilize these remaining funds? Budget Impact The Council should review the estimated fund balances and funding sources with special attention given to the PIR and Equipment/Building Replacement Funds. When considering what tax levy increases are needed to support the capital funds, it should be noted that preliminary results of department submissions and other assumptions have the General Fund expenditures increasing by $677,682, which would equate to an 11.2% levy increase. This is without taking into account any changes to the revenue budget from 2025. Attachment D gives a preliminary snapshot of the increases being considered for the General Fund. Attachments Attachment A: PowerPoint Overview of Capital Improvement Plan Attachment B: Capital Improvement Plan Attachment C: MSA Summary Attachment D: Preliminary expenditure increases for 2026 General Fund Budget Attachment E: Equipment Replacement Guidelines Attachment F: Fleet CEP Points Replacement Guidelines Attachment G: Full Reserve Study by Reserve Advisors Page 5 of 5