City Council Agenda and Packet 2012 10 09 SP

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Capital Projects Fund • Staff projects Capital Project Fund expenditures at $5.8 million for 2012, and are proposed at $7.9 million for 2013. • The Capital Projects Fund includes the Street Repair & Reconstruction Program (2013- 2017, $7.5 million) • The Capital Projects Fund will provide 25% of the funding needed in 2012 ($37,500 for design) and 2013 ($1,623,650 for construction) for the City Services Facility project. • Other projects funded from the Capital Projects Fund include: • The McCaslin /US36 Interchange project (2013 -2015, $3.5 million). • 93% of the South Street Underpass project (2013 -2014, $2.7 million) • 33% of the McCaslin /Washington Underpass project (2013, $462,000) • The South Street Improvements project (2015 -2016, $605,000) • The Dillon Road /St. Andrews Lane Crosswalk project (2016 -2017, $621,000) • $300,000 to provide funding in 2012 to implement Citywide Information Technology infrastructure and applications that are likely to be identified by the IT Strategic Plan review that is currently underway. The graph below illustrates the long -term financial forecast for the Capital Projects Fund. This forecast is part of the City's Long -Term Financial Plan and includes the same assumptions as the General Fund for sales and use tax revenue, salaries and wages, and employee benefits. 10,000,000 9,000,000 8,000.000 7,000,444 6,000,000 5,044,444 4,000,000 3,040,000 2,040,000 1,000,000 Bond Proceeds and Escrow Capital Projects Fund Forecast Revenue Increase Includes Transfer Includes City Services and Funding Costs Fund ($2 million) Mnd A includes Dillon Road ! (96ChEL 104th) and l 'ec enter mnrovints rah .....„,i At 1, F II i YU V 111 ' "AIL T1 '1'r ' Transfer from Includes New Police Court General Fund = Building. Community Park Includes McCaslin 5500,000 per Year (Phase I). and Dillon Road Dillon Intersection (2014 & 2015) (88th to 90th) e o ooh e o'l °4' '' a o`''ff, "'S C3``63 e aslin Washington rpass Includes McCaslinliS36 Interchange 2013- 2015 - Reuenue Expenditures Fund Balance Water, Wastewater, and Storm Water Funds (Combined Utility Fund) • Staff proposes that total Water Utility Fund expenses increase by approximately $5.9 million in 2013 from 2012 estimates. This increase is due to a significant increase in proposed capital projects. Staff proposes that Wastewater Utility Fund expenses increase by approximately $2.3 million in 2013 from 2012, also due to an increase in capital projects. 13