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City of Roseville — 2008 Budget Capital Improvement Plan The following tables summarize the 2008 -2012 Capital Improvement Plan (CIP). The planned capital expenditures for the current year (2008) have been incorporated into the Budget. The remaining years are provided as estimates for planning purposes only. Only after incorporation within successive budgets or as approved separately by the City Council will these items be considered funded. Beyond 2008, purchases or projects are included in the CIP if they are somewhat expected to occur and for which cost estimates can be reasonably obtained. Under current budgetary restraints, it is recognized that the annual budget could not absorb all of the purchases noted in the CIP. Each individual purchase or project will be evaluated at a subsequent date, at which time it will be determined if it is financially feasible. Many of the items contained in the CIP will require on -going operational costs and in some cases produce operational savings. However, given the speculative nature of latter -year purchases, the exact costs cannot be reasonably quantified beyond next year. The additional net operating costs resulting from 2008 CIP items are approximately $20,000. This relatively small impact is the result of the City's practice to establish sinking funds (asset replacement funds) through annual depreciation charges, which minimizes the impact on on -going operating budgets. The additional amount, albeit small, reflects general price increases for the planned replacement of the City's vehicle fleet and infrastructure. Major capital projects for 2008 include: 1) $700,000 renovation of the Skating Center 2) $1,500,000 mill and overlay for selected neighborhood and MSA streets 3) $205,000 for water meter replacements and an automated meter reading system 4) $350,000 for sewer line repairs and replacements 5) $350,000 for stormwater system improvements Funding for all projects will be provided for with sinking funds (reserve funds) that have been systematically set aside over a number of years. With the exception of the automated meter reading system, all of the expenditures are designed to replace existing infrastructure or in the case of the Skating Center; make improvements that were prescribed in the original design of the facility. The automated meter reading system will allow the City to read commercial water meters using radio frequency technology which is expected to save the City tens of thousands of dollars annually. 78