SUBJECT:
<br />DATE:
<br />PROPOSED
<br />OCTOBER 8
<br />2014 BUDGET AND 2014 -2018 CIP
<br />, 2013
<br />PAGE 2 OF 4
<br />Inter -Fund Transfers ri.latrix
<br />Recommended Budget
<br />2014
<br />i rar sfei lit
<br />General
<br />Fund
<br />General FullO
<br />Cemetery Perpetual Care Fund
<br />Historic Preservation Fund 500,000 7
<br />Capital Protects Fund
<br />Impact Fee Fund
<br />Golf Course Fund
<br />CT -
<br />°S P Cemetery
<br />Fund Fund
<br />Capita]
<br />Protects
<br />Fund
<br />74-r2sa a 5,0000000 41
<br />2-5500 s
<br />401,000 t 584.000
<br />Toter 5010,000 401,000 76,7000 55.5184,000
<br />Waste -
<br />wate r
<br />Fund
<br />Gaff
<br />Course
<br />Fund
<br />Total
<br />5,074,230
<br />2,500
<br />500,000
<br />1.625,000 e 1,625,000
<br />985,000
<br />180,000 h 180,000
<br />1817,000 1,626,000 5,356,780
<br />a AMA, recurring scrberery rbr dpefat/on end c gpatal
<br />b A One-t ae. rlorlLrecurnrog transfer to lured ceprtal tro7ects.
<br />c Annual recurring bensferof interest tarried used to fund opera ions and captiai
<br />d Annual repayment' Dr/ S 7 5 r77r00o i loan to fond acvulallon oft a Grain Etetastor . Final pa rment scheduled for 2015
<br />e Annual transfer for Golf Course capital projects 2074 - net cost for l!oo reconstruction
<br />f Anneal transfer of impact fee re'renue far projects eligible fpr l rl5 of frnbirl9,
<br />l f4erxtFer transfer 0f urlpect lee revenue fir protects ellgrtrie for flint type of funding.
<br />ll Annual repayrrlert tl, S1 .8 rrlitlio loan for capwear projects and deb' ate- Filial pa/ nenr sC!:e u:ed for 202 t
<br />Inter -Fund Transfers Matrix
<br />Recommended Budget 8. Projections from Long -Term Financial Plan
<br />2014 -2018
<br />Transfers In
<br />CT - Capital Vii ;1 qtr • GO It
<br />General °S&P Cemetery Projects water Course
<br />Trsnsters +Jut Fund Fund Fund Fund Fund Fund Total
<br />General Fund 2,325,470 a 402,510 e 5,0-00,000 c 7,727980
<br />Cemetery Perpetual Care Fund 26,090 26,090
<br />Historic Preservation Fund 1,250,400 e 1.250,000
<br />Capital Projects Fund 1,625,000 r 1,625.000
<br />Impact Fee Fund 1,508,004 c 1,886,000 r 3,394.000
<br />Golf Course Fund 900,0q0_1 - - 900.000
<br />Total 1,250,000 3,833,470 428,500 6,886.000 900,0001 1,626„000 14,923,074
<br />a
<br />a Five years of annual reCtirrin9 5trbSidies (Gr' cperetlo8s Boa capital'
<br />0 Foe years of annual recurring subsides for operations enct ceplrel
<br />c A one -bane, iron- rncumoo transfer to tuner cepltll protects (2014),
<br />d Five years of must recurring transfers of interest earned user! (o laird operations and capital
<br />e Three (2014 -2016) anal annual repayments on 51.5 mtttiorl ioen to lurid ecoulstfon of the Graft 5't V6! r
<br />f 2014 banrsler for Goff Course capitslpmjects. 20-14 = net cast for flood reconstruction
<br />g Five years of annual transfers of impact fee revenue for projects eligible for this type of funding
<br />h Fiore years of annual transfers of impact fee revenue for projects eligible for this type of funding.
<br />i Five years of annual repayments on 51.8 million loan for capital projects and debt defeesance Filiel payment scheduled for- 202r
<br />CITY COUNCIL COMMUNICATION
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