2012-11-27_PWETC_AgendaPacket - Laserfiche WebLink

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Page 7 of 10 236 Of the $810,000 total increase in annual funding for Park Facilities and PIP over that 5 -year 237 period, about 20% is from additional property tax levy funding and about 80% is from 238 repurposing existing property tax levy funds. 239 240 241 Skating Center Facilities. Skating Center Facilities had been generally repaired, refurbished, or 242 replaced through Park Facilities capital funding. However, due to the multi- purpose nature of 243 the Skating Center, its funding is recommended to come from the Building Replacement Fund, 244 which was otherwise addressed by the Facilities funding recommendations implemented in 2011. 245 Currently (as of the 2012/13 biennial budget plan), $0 each year goes toward Skating Center 246 Facilities. Clearly, additional Facility funding for the Skating Center is required to meet its 247 capital replacement needs. (As a note, the identified capital Facilities needs discussed here for 248 the Skating Center are largely outside of the scope of the State bonding bill projects and the 249 funding from the Guidant grant.) 250 251 The Subcommittee recommends using a combination of funding sources to address the shortfall, 252 as follows: 253 • In 2014, add an additional $200,000 of ongoing property tax levy funding for Skating 254 Center Facility capital needs. 255 • In 2018, repurpose the $335,000 ongoing annual levy that goes to debt service on existing 256 skating center geothermal project equipment certificates when they are retired. 257 258 Of the $535,000 total increase in annual funding for Skating Center Facilities capital needs over 259 that 5 -year period, about 37% is from additional property tax levy funding and about 63% is 260 from repurposing existing property tax levy funds. 261 262 263 IT, Central Services, & Administration. These are additional areas of Equipment replacement 264 needs that were not addressed by the actions implemented in 2011. IT equipment needs are those 265 of the City and exclude those related to the provision of IT services to our Joint Powers partners. 266 Central Services equipment needs are related to the several copiers the City owns or leases for 267 various City facilities. Administration equipment needs come from the replacement of voting 268 machines, which the City continues to own even with the contract with Ramsey County to 269 administer our elections. Currently (as of the 2012/13 biennial budget plan), $50,000 of property 270 tax funding each year goes toward IT equipment needs (computers, routers, etc.) for the City of 271 Roseville, and about $5,000 goes toward Central Services or Administration equipment needs. 272 Without additional funding, the fund balances in both IT and Central Services will disappear 273 within 1 -2 years. 274 275 The Subcommittee recommends using property tax levy funding to address the shortfalls, as 276 follows: 277 • In 2013, add an additional $160,000 of ongoing property tax levy funding for IT, Central 278 Services, and Admin. capital needs. 279 • In 2014, add an additional $75,000 of ongoing property tax levy funding, making the 280 ongoing total additional funding level $235,000 (100% of which comes from new 281 property tax levy funding).