HomeMy WebLinkAbout2025-11-13 CIP & Long-Range Financial Plan Presentation
2025 Capital Improvement Plan and 2025November 13,DiscussionRange Financial Plan -Long
Purpose of Discussion Street Improvement. –452 Capital Replacement and -be transferred into 409 The CIP is vital in determining how much needs to •project costs. cash balances available
to cover operations and The city staff will discuss the revenue sources and •for this year through 2034 in the CIP.infrastructure and equipment purchases planned Familiarize the City
Council with the full scope of •
402 Council can either forgive the loan or pay it back.•.funding will come until we are fully developedThe type of new developments determines how much •Deficit exists from trail construction
starting in 2007.•. ($403,899)The fund balance at 12/31/24 was •. ($855,127)Loan balance from Sewer Fund is •Cash on hand was $450,107.•Money is only for new parks or equipment.Funded
by Park Dedication fees on new development. •Park Dedication–
409 Truck, and forkliftend Loader for Dump -FrontPW staff may want to add some equipment:•dump trucks cause big spikes in expenditures.Major purchases planned for park structures and
•$804,296.The fund balance at the beginning of the year was •building component replacements.and enterprise funds. This funds equipment and This is funded by transfers in from the General
Fund •Capital Replacement–
452 for 2026 has yet to be reviewed by staff and Stantec.The schedule for street, parking lot, and trail projects •must be spent by 2032 or returned.There is an escrow from Amazon of
$650,000 that •$1,151,023.The fund balance at the beginning of the year was •Fund and franchise fees on electric/gas utility bills.This is funded by an annual transfer from the General
•Street Improvement–
601 Financial System.Rehabilitation, SCADA replacement and part of The only scheduled projects for 2025 are Well 1 •$4,193,964. The cash balance at the beginning of the year was •Charges
(WAC) on new developments.This is funded by water bill fees and Water Access •Water–
602 System.replacement, lift station pumps, and part of Financial The only scheduled projects for 2025 are SCADA •Dedication. $2,593,542 net of the outstanding loan to Park The cash
balance at the beginning of the year was •Charges (SAC) on new developments.This is funded by sewer bill fees and Sewer Access •Sewer–
603 projects.amounts shown are merely placeholders for potential There are no scheduled projects for 2025. The •$370,723. The cash balance at the beginning of the year was •This is funded
by storm water bill fees.•Storm Water–
Long we don’t project anything exceeding 4% through 2034While the 2025 and 2026 levy increases were large, •total cash at the end 2034 is down less than $1 millionnearly $13 million
in capital during these 10 years, our We show cash by fund and total and despite spending •Recyclingexcluding EDA, Solar, Garbage, and –funds in the city This is a comprehensive overview
of all operating •Range Financial Plan-
Questions & Answers