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2015-2034 CIP Funding Plan:Pathway <br /> $300,000 <br /> $200,000 <br /> $100,000 <br /> $- <br />2015201820212024202720302033 <br /> $(100,000) <br /> $(200,000) <br /> $(300,000) <br /> $(400,000) <br />RevenueExpenseCash Reserve <br />The Pathway Maintenance Fund includes the costs associated with maintaining existing <br />pathways only. Based on scheduled capital needs, the Fund willrun out of money by 2024.The <br />Fund will require a tax levy increase of at least $5,000 annually to achieve financial <br />sustainability. <br />2015-2034 CIP Funding Plan:Park Improvement Program <br /> $10,000,000 <br /> $5,000,000 <br /> $- <br />2015201820212024202720302033 <br /> $(5,000,000) <br /> $(10,000,000) <br /> $(15,000,000) <br /> $(20,000,000) <br /> $(25,000,000) <br /> $(30,000,000) <br />RevenueExpenseCash Reserve <br />The City’s Park Improvement Program Fund is currently being funded within the Parks Renewal <br />Program Bondsissued in 2011 and 2012. Beginning in 2016 however, significant tax levy <br />increases will be needed to sustain the programbased on planned improvementsincluding the <br />construction of new pathways. <br />An annual funding increase of $1.4 million will be needed to make the Park Improvement <br />Program sustainable. <br />Page 4of 9 <br />