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• The Conservation Trust Fund will provide 25% of the funding needed in 2012 ($37,500 for <br /> design) and 2013 ($937,500 for construction) for the City Services Facility project. This is <br /> consistent with the level of equipment and staff devoted to Open Space, Parks and Trails <br /> operations and maintenance that is currently and will continue to be stored and based at <br /> that facility. <br /> • The Conservation Trust Fund will provide $600,000 for the McCaslin & Washington <br /> Underpass project. <br /> • The graph below illustrates the long-term financial forecast for the Conservation Trust Fund. <br /> This forecast is part of the City's Long-Term Financial Plan and includes the same <br /> assumptions as the General Fund for sales tax revenue, salaries and benefits, and other <br /> revenue and expenditures. This graph assumes the reauthorization by voters of the existing <br /> 0.375% tax for open space and parks. As the graph suggests, in addition to securing <br /> approval to reauthorize the existing tax, we will need to trim expenses or increase revenues <br /> to maintain the reserve necessary to acquire high priority open space properties if they <br /> become available and to continue maintaining existing open space, parks and trails. <br /> Conservation Trust- Land Acquisition Fund Forecast <br /> 9,000,000 - <br /> 8,000,000 Northwest Parkway <br /> IGA Grant& Land <br /> 7.000.000 , Acquisition <br /> 6.000.000 Northwest Parkway <br /> IGA Grant <br /> Revenue <br /> 5.000.000 <br /> Includes City —Expenditures <br /> 4,000.000 Sho+s Remodel Fund Balance <br /> 8 McCaslin <br /> Washington <br /> i n. rpass AIM <br /> 2,040,000 <br /> 1,000,000 r �- - <br /> off° 4 ` °�' 0 �6"k ff$ off3 if <br /> "''. <V 4, f)t9 <br /> • <br /> Capital Projects Fund <br /> • Staff projects Capital Project Fund expenditures at $4.5 million for 2011, and are <br /> budgeted at$4.9 million for 2012. <br /> • The Capital Projects Fund includes the Street Repair & Reconstruction Program (2012- <br /> 2016, $7,250,000) <br /> • The Capital Projects Fund will provide 25% of the funding needed in 2012 ($37,500 for <br /> design) and 2013 ($937,500 for construction) for the City Services Facility project. <br /> • Other projects funded from the Capital Projects Fund include: <br /> o The McCaslin/Dillon Intersection project (2011-2012, $900,000). <br /> o The South Street Underpass project (2012-2013, $1.5 million total, including <br /> $100,000 from the Storm Drainage Fund). <br /> 7 <br />