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Pathway Maintenance
<br />Funding, Before and After Facilities
<br />
<br />For the CIP, from a material and contractor
<br />r
<br />Before Afte
<br />cost, $180,000 should be set aside annually
<br />2014-2033 Facilities Funds -REVISED
<br />2014-2033 Facilities Funds
<br />for sustainability.
<br />$3,500,000
<br />$4,000,000
<br />$3,000,000
<br />$2,000,000
<br />$2,500,000
<br />$2,000,000
<br />$-
<br />2014201620182020202220242026202820302032
<br />$1,500,000
<br />$(2,000,000)
<br />$1,000,000
<br />$(4,000,000)
<br />$500,000
<br />2014-2033 Pathway Maintenance
<br />2014-2033 Pathway Maintenance
<br />$-
<br />Fund
<br />$(6,000,000)
<br />Fund - REVISED
<br />2014201620182020202220242026202820302032
<br /> $300,000
<br /> $200,000
<br />$(500,000)
<br />$(8,000,000)
<br />$(1,000,000)
<br /> $180,000
<br /> $200,000
<br />FundingExpendituresCash Reserve
<br />FundingExpendituresCash Reserve
<br /> $160,000
<br /> $100,000
<br /> $140,000
<br />This improvement is only made possible by adopting recommended increases for facility
<br /> $-
<br /> $120,000
<br />replacements for a total increase of $205,000 in 2014AND incorporating the previous
<br /> $100,000
<br /> $(100,000)
<br />Council’s recommendation to re-purpose the $335,000 tax levy from the Arena Bond to
<br /> $80,000
<br /> $(200,000)
<br />the Skating Center facility beginning in 2018. This represents an increase of
<br /> $60,000
<br />$540,000.00 by 2018 for this category and includes City Hall, Public Works, Fire Stations and
<br /> $(300,000)
<br /> $40,000
<br />Skating Center.
<br /> $(400,000)
<br /> $20,000
<br /> $-
<br /> $(500,000)
<br />With this increase, the CityÓs general facility replacement fund
<br /> $(600,000)
<br />sustainable as long as inflationary-type funding increases are m.
<br />Funding ExpendituresCash Reserve
<br />Funding ExpendituresCash Reserve
<br />Parks Improvement Program (PIP)
<br />Pavement Management Fund (PMP)
<br />
<br />
<br />The City’s Park Improvement Program Fund is largely being financed by the
<br />Parks Renewal Program Bonds issued in 2011 and 2012.
<br />Beginning in 2016
<br />
<br />Before AdditionsAfter Additions Recommended
<br />
<br />however, significant tax levy increases will be needed to sustai
<br />Before Parks Renewal After Parks Renewal
<br />$12,000,000
<br /> 2014-2033 Park Improvement Program Fund -REVISION #2
<br />$10,000,000
<br />2014-2033 Park Improvement Program Fund
<br /> $10,000,000
<br />$7,000,000
<br />$8,000,000
<br /> $5,000,000
<br />$6,000,000
<br /> $-
<br />$6,000,000
<br />$5,000,000
<br />2014201620182020202220242026202820302032
<br /> $(5,000,000)
<br />$4,000,000
<br />$4,000,000
<br /> $(10,000,000)
<br />$3,000,000
<br /> $(15,000,000)
<br />$2,000,000
<br />$2,000,000
<br /> $(20,000,000)
<br />$-
<br />$1,000,000
<br /> $(25,000,000)
<br />2014201620182020202220242026202820302032
<br /> $(30,000,000)
<br />$-
<br />2014201620182020202220242026202820302032
<br />FundingExpendituresCash Reserve
<br />FundingExpendituresCash Reserve
<br />FundingExpendituresCash Reserve
<br />The improvements shown are based on recommendations that require
<br />The program outlined in “after” depends upon a the $205,000.00
<br />repurposing of $310,000.00 of bonds in 2015 and 2016 and an
<br />recommended in 2014, the $160,000.00 increase in the tax levy in 2016 and a
<br />increased tax levy from 2017 to 2019 totaling $520,000.00. These funds
<br />repurposing of $650,000.00 of bond monies in 2020. This amounts to a total
<br />together total an $830,000.00 increase between 2015 and 2020
<br />increase in funding of $810,000.00 between 2016 and 2020.
<br />
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