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Memorandum <br /> 2 <br /> 3 Date: June 133 20.11 <br /> 4 <br /> To: Roseville Residents and Businesses, Fellow City Councilmembers, and City Staff <br /> 6 <br /> 7 From: Mayor Dan Roe, City Councilmember Jeff Johnson, City Manager Bill Malinen, and <br /> Finance Director Chris Miller <br /> 9 <br /> 10 Subject: Partial Capital Funding Plan and Preliminary Subcommittee Deport <br /> 11 <br /> �l iiiiiiiiiiiiiiiiiiiiiillillillillillillilliillillillillillimilimiElillilillillillillillillillillilliillillillillillillilliillillillillillillilliilliilillillillillillillillillilliillillillillillillilliillillillillillillilliilliilillillillillillillillillilliillillillillillillilliillillillillillillilliilliilillillillillillillillillilliillillillillillillilliillillillillillillilliilliilillillillillillillillillilliillillillillillillilliillillillillillillilliilliilI <br /> 1 <br /> 13 The Purpose of the Subcommittee <br /> 14 <br /> 15 This subcommittee was established by the City Council as the result of the Council/Staff work <br /> 16 Flan discussions held earlier this year. The subcommittee was made up of Mayor Roe, <br /> 17 Councilmember Johnson, City Manager Mallnen, and Finance Director Chris Miller. The <br /> 18 purpose of the subcommittee was to determine a path to a sustainable capital funding plan for the <br /> 19 City in light of the ongoing under-funding of capital replacement needs, and propose a plan for <br /> 20 consideration by the cornniunity and the City Council. <br /> 1 <br /> 22 The Problem <br /> 3 <br /> 4 In total,the capital needs for the City for the next 20 years have been estimated to amount to <br /> 5 around 18 million. Of that total, about 148 million(68% -over two thirds)is un-funded by <br /> 26 current sources as projected over the next 20 years. A graphic example of the current situation <br /> 7 follows: <br /> 200l000l00 _ <br /> I <br /> a Cumulative i <br /> Current i <br /> me�ryyµ����y�.�q,yy uln�einmeuwm.�iw.m,m.��µ�wp�urye��yr..wnmµmm��w�yiw�n -nnlMnn qp :^^nWWi WfWW�^:Awwwwp�ryuwwmµ�m�... PWwNulry� inmwn III �w�I� �mlrym�� l4hn�ll I min m I <br /> ����������� ariaw_r rr a me I � III <br /> k Funding <br /> IIN <br /> III III I III LI III IIII I III I I <br /> $100,000,000 II III � IIII.I IIII� I II.I Ali l ul I I I I <br /> m........o IIII II II l <br /> cumulative <br /> �,�I •onn ������ _�._I'll������ VIII II' ._.. li I II mn mwm II I IIII �xux_ III I.xx... J <br /> 'Y lil IIII '�I IIII I III II II I .I iI P NI I ! <br /> II Projected <br /> II II <br /> gg Y i' � I lilIt I I IIIII I I' IIICI I I I I ' II I <br /> II <br /> 50l 000 00o III.I II III•.I III III II <br /> Costs <br /> �!r <br /> � <br /> I <br /> I I <br /> II I- II r II I � <br /> „ II <br /> rq M -I Ln 44D r-- co 0) o H r4 ff) q:r W) LO r00 aV-1 <br /> In 0 0 o 0 0 o 0 o 0 0 o 0 0 0 0 0 0 x 0 <br /> 29 _`cal r l N IN N N N N N N cal IN cal r4 rV N N N N cv <br /> .._........_..............................,...,.._.... y .......• --•-, -•- ------ .,_ .__..--,-,.-,......,..,..,..-..--,.,r.•.•.�..�-,--,-._-.W..._.,...mow.,...,.... .. .._- ­---.,----...,.,_.._.,-. T.r.--.--.,-�- -..,..• ,.....3 <br /> 0 <br /> 1 Figure 1. Current situation -All Funds. The red bars represent cumulative annual capital <br /> 32 costs, while the green area represents cumulative projected current annual budgeted capital <br /> funding. All figures are in 2011 dollars. <br /> 34 <br />