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SUBJECT: <br />DATE: <br />ADOPTION OF 2016 BUDGET <br />NOVEMBER 2, 2015 <br />PAGE 3OF11 <br />C. Fiber to WWTP. $50,000. This project, coordinated with the IT Department, is <br />necessary to provide adequate bandwidth for the new Wastewater Treatment <br />Plant's SCADA and other operational systems. <br />D. Core Area Utility. $225,000. This increase reflects stormwater improvements <br />identified as during the current construction activity as necessary at Highway <br />42 to complete a link between the Core Area redevelopment and the Eastern <br />Outfall Stormwater improvements. <br />With these changes the General Fund, Open Space and Parks Fund, Capital Projects <br />Fund, Combined Utility Fund, and Golf Course Fund forecasts are as shown below. <br />25,000,000 - <br />20,000,000 <br />15,000,000 <br />10,000,000 <br />5,00 0,000 <br />General Fund Forecast <br />Sale of Assets <br />= $1.2 million <br />Transfer to Capital <br />Projects Fund = $5.64M <br />Includes One -Time Transfer <br />far Property Acquisition , <br />Includes One -Time <br />Grants &Transfers <br />ransferto Capital Projects <br />Fund =$900,000. Transferto <br />Golf Course Fund = $452,000 <br />Transferta Capital Projects Fund = $21'A, <br />Transferta Historic Presentation Fund = <br />$1,51'.1 (repayment in 2013 - 2015). <br />o � ,41". { °4. ,z1' °0 $ 'apt° ��r �y oN!' oN!D fro �°l 44 .0 "P <br />Revenue <br />Expenditures <br />Fund Balance <br />Target (20= =1 <br />�- Minimum :15=: j <br />CITY COUNCIL COMMUNICATION <br />62 <br />