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Roseville Finance Commission <br />Agenda Item <br /> <br />Page 2 of 11 <br /> <br />Because of these uncertainties, we tend to focus on the long-term sustainability of our asset replacement <br />programs rather than committing to a rigid replacement plan. <br /> <br />It is suggested that the CIP be considered in conjunction with the City Council’s budget priorities. This <br />is an important consideration given the strong interdependence between the availability of capital assets <br />and the operational decision-making used to achieve desired outcomes. The remainder of this memo <br />addresses the following topics: <br /> <br /> 2018-2037 CIP Summary <br /> Analysis of Asset Replacement Funds: Property Tax-Supported <br /> Analysis of Asset Replacement Funds: Fee-Supported <br /> Funding Strategies and Impacts <br /> <br />Each of these topics are addressed separately below. <br /> <br />2018-2037 CIP Summary <br />In total, the City’s asset replacement needs over the next 20 years is $188.9 million. This is summarized <br />by major City function in the table and chart below. <br /> <br /> <br />2018-2037 <br />City Function CIP Amount % of Total <br />General Services 8,717,400$ 5% <br />Public Safety 13,953,195 7% <br />Facilities 11,584,300 6% <br />Streets & Pathways 62,438,200 33% <br />Water & Sewer 72,499,500 38% <br />Parks & Recreation 19,659,620 10% <br />Total 188,852,215$ 100% <br /> <br /> <br /> <br /> $- <br /> $2 <br /> $4 <br /> $6 <br /> $8 <br /> $10 <br /> $12 <br /> $14 <br />2018 2021 2024 2027 2030 2033 2036 <br />Mi <br />l <br />l <br />i <br />o <br />n <br />s <br />Summary of CIP -By Function <br />General Services Public Safety Facilities <br />Streets & Pathways Water & Sewer Parks & Recreation