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Staff presents the results of the new plan showing the effect on the Capital Fund balance <br /> with the transfer from the General Fund of$61,125 for 2019 that is included in the <br /> budget. We then add the transfer of$11,000 from the enterprise funds and increase the <br /> general transfer up to $71,000 in 2020. Both of these amounts are then increased by 3% <br /> through 2028. That plan leaves us with a surplus of about $5,600 at the end of 2028. <br /> This seems like a reasonable way to fund our equipment replacements with minor course <br /> corrections along the way. <br /> After contributions from the Cable TV fund, the City Hall Renovation shows a net cost of <br /> about$303,000 if the City Council decides to do all of the suggested improvements. <br /> Without additional contributions to the Capital Equipment Fund from the General Fund <br /> through one-time fund transfers or surplus fund balance, these improvements cannot be <br /> made. <br /> Staff is asking City Council members to consider the implications of this analysis. Please <br /> give us feedback on the amount of replacements, the timing and feasibility of the City <br /> Hall improvements, and other possible funding scenarios. <br /> Staff will use the feedback to continue refining the plan and funding process. Please <br /> remember that we haven't included any analysis of condition, safety, or other indicators <br /> of the equipment at this time. As we progress in putting together a comprehensive list of <br /> assets and their replacement, we will include these more subjective measures rather than <br /> just the estimated useful life from our financial system. <br /> Attachments: Capital Asset Replacement Spreadsheet <br /> 7 <br />