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Source % of Funding Cost <br />Excess General Fund Balance <br />64% $192,000 <br /> <br />Sewer Utility $33,000 <br />11% <br /> <br />Water Utility $33,000 + $30,000 <br />11% + 10% <br /> <br />Stormwater Utility $12,000 <br />4% <br /> <br />Total $300,000 <br />Depending on how the council chooses to view the General Fund surplus, it may or may <br />not be totally expended on this project. Staff stands ready to help the City Council <br />understand the methodology of these alternatives and the policy implications as you <br />deliberate. <br />Capital Equipment Fund <br />The Capital Equipment Fund has a current balance of roughly $250,000. It is important <br />to remember that this balance sits outside of <br />originally had items such as City Hall HVAC, carpet and other similar items programmed <br />into it. Therefore, it would be very appropriate to take money from that fund to pay for <br />the parts of this renovation project which were specifically enumerated in our former <br />Capital Improvement Plans (CIPs). However, <br />, assuming they would come from general <br />fund excess fund balance. Therefore, if we use the Capital Equipment Fund to help pay <br />for any of the renovation project, we will need to adjust its CIP, and therefore, our annual <br />contribution to it, accordingly. This would be a sensible strategy, if the Council felt that <br />the city hall project pushed us too close to our general fund cash balance minimum. <br /> <br />