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210 <br />211 <br />212 As shown in the chart, the fee-supported asset replacement funds as a whole, are projected to remain in a <br />213 positive cash position over the next 7 years, however, the Community Development reserves of $2.6 <br />214 million can’t beused in the other fee supported funds. By factoring out these reserves, the other fee <br />215 supported capital funds will go into a deficit situation in 2027. There are two funds that have either short- <br />216 term or long-term funding issues. <br />217 <br />218 Water Fund <br />219 In 2021, the water fund required debt issuance to address funding for capital projects, these projects will <br />220 be completed in 2022. Without infusion of the $500,000 in ARPA funds, the water fund would have a <br />221 capital deficit. We had identified in the ARPA spending plan, that $500,000 would be used on an <br />222 infrastructure project. A 20-year CIP financial activity summary for the city’s Water Fund, without the <br />223 ARPA funding is shown below. <br />224 <br />225 <br />226 <br />227 <br />228 With the infusion of the ARPA funds and a curtailment in projects from 2024-2026, the fund eliminates <br />229 its short-term deficit and moves toward sufficient capital funding based on current costs, as shown below: <br />230 <br />Page 10of 13 <br /> <br />