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To ac��ieve campliazaee with these �olicies, structural cha���es muat �e znade wit� r�ga.rd to �ow
<br />��e City budgets �o� its care f�znc�iails. U��der �he eu��r�nt model, ].00% o� incozni�ag reveziues are
<br />s�e�� zn the cu�-ret�t b�zd�et y�ar. T�e netiv b�.zdg�t rnodel must either; 1) allow far an a��c�ease ii�
<br />Che pz•ap�rt� tax levy t�ai is above and b�yoz�d uTl�at is needed in tl�e currei�� budget yeai°, 2)
<br />reciuce pragrams or services wlzile maintainizag current iunding levels, or 3) a eornbia�ation of t�e
<br />twa.
<br />It is reco�raz�ended tha� t�e City acl��eve coz�p�ia�ce with tlae newly adop�ed policies over a 5-
<br />year period. This will zequzze an addifzaz�a� $250,flQa (plus adj�stn�e��ts for inflatia��) each year
<br />for t%e ��e�t S years. Tlaesc znonies waulc� b� direc�ed tn tlle City's General and Parlcs &
<br />Recz-�atioz� Fuzzds w��c�� are below �•ecarrime�aded levels. T`ra�- a iy�ical szngle-fa�,�ily laome, :I�is
<br />would txarzsla�e into a� additiozaal $ I.10 taer manth far t��e ��e�t S yea��s.
<br />�tasta���b�e A.�s�� R����ee��a�t ���d��� iV������AS�as
<br />As discussed flaa priaz occasia�ns, the City has nat beea� setti�ag aside suf�iciezl� fu�ds ia r�place
<br />Cii� assets at the e�d of their useful lives. As a resuli, replacernent a� sazne o� the City's asset�
<br />has been delayed. Ulti�nately this wi�l �-esult in I�igher i�laintenanee cosfs, a�d cat� lead to unsa�'e
<br />faci�itres, vellicles, a�id equipme23t.
<br />Ti1 ord�r to sustain �I�e Ci�y's ass�ts, arzd r�p�aee �zem at the optilnal ��ime, a revised
<br />caznprehez�szve asse� replace���en� plaz� should be adapted. Tl�e �'olIowi�g tabl� dis�Iays t�e
<br />current :C�ndi�g amount aloz�g wiih tl�e recornnr�e��ded fuz�di��.g axnouz�ts over tl�e nexi S years.
<br />Cua•re�t 2008 2009 201� 20I1 2012
<br />Assei„��e �'�nd�n Fn�?dang Fundi��� Fundan �'ua� Fundan,g
<br />Vehicles & Rolling Stoc�C � 34f},040 $ 365,040 $ 390,04(1 $ 4JS,Q40 $ �40,040 $ �65,t}�k0
<br />Genera� City FaciTities 6,�t111 SQ,O(}D 2DO,Q04 k5(3,OOD 2€30,Ofl0 250,U{30
<br />T�ark In�xastz°ucture 175,0�0 216,000 257,000 29&,a�0 339,000 380,a0Q
<br />Sta�eet Infrastructure 2,Oa0,000 2,Q�0,00� 2,00�,�0(? 2,000,�1430 ?,44D,OOU 2,OOO,D(10
<br />Water �nfi•asiructure 30€�,000 300,000 300,OOQ 300,�0� 3Q0,000 30�,000
<br />Sanitary Sewer Tnfrastructure 17S,t?0(} 181,000 �87,�0� 193,D0{? 199,QOQ 2QS,�CfO
<br />�torrn Sewer Infrasiructure 300,OOQ 306,400 312,800 �19,20fl 325,600 332,00{�
<br />$ 3,29G,�4Q $ 3,41$,440 $ 3,548,$49 $ 3,677,ZSd $ 3,8�5,651 $ 3,934,052
<br />Over t1�e next S years, �ota� �'uixding vvill increase ��om $3.3 mi�lzar� to z�ea.riy $4.0 �nil�ian.
<br />$egir�zz�g zn 2013, tkze Pla� sk���.�ld only r�quire inflaiior�ary-tYpe iz�creases, wit�a t�Ze exception
<br />oFtlae azx�ount �or Ge��era1 city fac�lities, which may req�ire adct��ional f�zi�d�ssg. These additional
<br />fuz�ding needs wzll z�pact tl�e property tax levy ai�d utz�ity user cha�•ges.
<br />Unde� thzs Plan, a typical �oineowner will ii�cur an additional $0.55 per �lonth ir� 2Q�8, $�.55
<br />rrzo�•e zn 2049, azid sa on thrqugl� 2012 (holding alI atl�er facfors canstani}. Of t��s amous�t, about
<br />1�alf, q�' �p.30 ei° zno�lth will be supporte� by property taxes.
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