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2014_0825_CCpacket
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2014_0825_CCpacket
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8/21/2014 3:21:30 PM
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2015-2034 CIP Funding Plan:Pavement Mgmt. 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 />RevenueExpenseCash Reserve <br />The City’s Pavement Management Program is in the unique position of having a sizeable cash <br />reserve level–an intentional decision made by previous City Councils dating back to the early <br />1990’s. This allows the City to realizesignificant interest earnings on these reserves. However, <br />if these reserves are drawn down over time (as depicted in the graph) theinterest earningswill <br />never materialize. <br />An annual funding increase of at least $1 million annually will be needed to make the Pavement <br />Management Program sustainable. <br />Non-Tax Supported CIP <br />The following graphs pertain to the non-tax supportedportion of the CIPbased on current <br />funding levels. <br />2015-2034 CIP Funding Plan: Water System <br /> $2,000,000 <br /> $1,500,000 <br /> $1,000,000 <br /> $500,000 <br /> $- <br />2015201820212024202720302033 <br /> $(500,000) <br /> $(1,000,000) <br />RevenueExpenseCash Reserve <br />Page 5of 9 <br />
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