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As indicated in this graph, funding levels for the City’s general facilities are insufficient to sustain current facility operations.Based on planned capital replacements, the Facility fund will run out of money in 2016, and have an accumulated deficit in excess of $3 million by 2020.This deficit has been compounded with the expected loss of $225,000 annually in Local Government Aid (LGA) beginning in 2015.The LGA had been earmarked for facility replacement needs. While the City has historically relied on bond financing to construct new facilities and/or major improvements or enhancements, a significant on-going financial investment is needed to provide for routine replacements for roofs, doors and windows, heating and cooling systems, etc.The largest unfunded facility need is the Skating Center. The City has been relatively successful in obtaining state grants for funding the Skating Center’s capital needs, but this may not be a reliable funding source in the future. In total, general facilities will require additional funding of approximately $420,000 annually when amortized over the next 20 years. However, a $2 million improvement at the OVAL is planned in 2020 which cannot be funded using current revenues. Additional tax levy, grant funds, or other revenues will need to be identified in the next couple of years.It is recommended that the City’s long-term facility needs be evaluated to allow for the development of a comprehensive financial sustainability plan. The next series of graphsdepict the City’s general infrastructure needs including; street lighting, pathway maintenance, street improvements, and park improvements.Because the funding levels are so disparate between these categories, a separate graph is shown for each. 2015-2034 CIP Funding Plan:Streetlighting $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $- 2015201820212024202720302033 $(20,000) RevenueExpenseCash Reserve The City’s Street Lighting fund is at a sustainable funding leveland will not require additional monies at this time. Page 3of 9