2012-11-27_PWETC_AgendaPacket - Laserfiche WebLink

Home

1 2 3 .a 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Attachment D Date: 6/13/11 Item: 13.a Memorandum Date: June 13, 2011 To: Roseville Residents and Businesses, Fellow City Councilmembers, and City Staff From: Mayor Dan Roe, City Councilmember Jeff Johnson, City Manager Bill Malinen, and Finance Director Chris Miller Subject: Partial Capital Funding Plan and Preliminary Subcommittee Report The Purpose of the Subcommittee This subcommittee was established by the City Council as the result of the Council/Staff work plan discussions held earlier this year. The subcommittee was made up of Mayor Roe, Councilmember Johnson, City Manager Malinen, and Finance Director Chris Miller. The purpose of the subcommittee was to determine a path to a sustainable capital funding plan for the City in light of the ongoing under- funding of capital replacement needs, and propose a plan for consideration by the community and the City Council. The Problem In total, the capital needs for the City for the next 20 years have been estimated to amount to around $218 million. Of that total, about $148 million (68% - over two thirds) is un- funded by current sources as projected over the next 20 years. A graphic example of the current situation follows: $200,000,000 $150,000,000 $100,000,000 $50,000,000 $0 N M V' of l0 1� 0p O1 O N N M V vl W n W m O N N ei ti .-I e-I ti rl .-I N N N N N N N N N N M M O O O O O O O O O O O O O O O O O O O O N N N N N N N N N N N N N N N N N N N N ■ Cumulative Current Funding N Cumulative Projected Costs Figure 1. Current Situation - All Funds. The red bars represent cumulative annual capital costs, while the green area represents cumulative projected current annual budgeted capital funding. All figures are in 2011 dollars.