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SUBJECT: BUDGET SCHEDULE AND 2017-2021 REVISED CAPITAL <br />IMPROVEMENTS PLAN (CIP): CAPITAL PROJECTS FUND <br />PAGE2OF4 <br />DATE: AUGUST 9, 2016 <br />FISCAL IMPACT: <br />Total funding from the Capital Projects Fund for all programs for the 5 -year 2017-2021 <br />Capital Improvements Plan is $28,707,820 and is composed of the following amounts <br />for each year: <br />2017 2018 2019 2020 2021 Total <br />$4,937,030 $6,497,790 $7,551,500 $4,825,000 $4,921,500 $28,707,820 <br />Based on the recommended CIP, staff forecasts the Capital Projects Fund would, after <br />projects are completed this year, regain and maintain minimum reserves of roughly $2 <br />million. The current forecast is shown below. <br />16,000,000 - <br />14,0 00,0 00 <br />12,0 00,0 00 <br />10,000,000 <br />8,000,000 - <br />6,000,000 - <br />4,000,000 <br />2,000,000 <br />Capital Projects Fund Forecast <br />$4.0r.9 Streets, $2,6M Co Rd <br />1r.9 S. St. Gateway, <br />2 Corridor <br />—Revenue <br />Expenditures <br />Fund Balance <br />The current forecasts for the General Fund and the Open Space and Parks Fund are <br />shown on the following page. <br />CITY COUNCIL COMMUNICATION <br />3 <br />