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SUBJECT: OPEN SPACE & PARKS FUND OVERVIEW
<br />DATE: SEPTEMBER 13, 2017 PAGE 3 OF 11
<br />FIVE-YEAR CAPITAL IMPROVEMENTS PLAN UPDATE:
<br />Staff has also developed a new Five -Year Capital Improvements Plan (C -I -P) that is
<br />derived from:
<br />The original plan adopted by Council November 15, 2016;
<br />Plus the carry -forward amendments and new -project amendments that were
<br />adopted by Council on June 6, 2017; and
<br />Adjusted by the latest input from departments on project timelines, cancellations,
<br />new cost estimates, etc.
<br />Below is a summary of the C -I -P for the Open Space & Parks Fund.
<br />Five -Year Capital Improvement Plan
<br />For the Years 2017 Through 2021
<br />Open Space & Parks Fund
<br />Pr+-ect Descri.tion
<br />2017 2 2017 2013 2018 2019 2020 2021 5 -Year
<br />Bud.et Actual Estimate Bud et Estimate Planned Planned Planned Totals
<br />Irrig Replacements & Improvs (40%) 20,990 7,977 28,900 25000 20,008 - - - 40,990
<br />Machinery&Equipment 7,934 - 7,934 7,500 7,590 - - - 15,434
<br />Machinery&Equipment 7,934 - 7,934 7,544 7,590 - 15,434
<br />Parks and Open Space Signs - - - 31,250 31,250 31250 31,254 31259 125,090
<br />Irrig Replacements & Improvs (60%) 30,890 26,622 39,009 30,000 30,400 43,500 - - 193,509
<br />Machinery & Equipment (54%) 55,579 3,747 55,579 52500 52,500 92,500 44,504 40,590 281,579
<br />Miners Field Park Improvs 35,940 - 35,400 - - - - 35,000
<br />Soccer1Mu0ipurpose Fields (34%) - - - 5100 5,190 - 27,500 32,609
<br />Lastaska Property Conservation 12,590 - 12,500 - - - - - 12,590
<br />Porta Toilet Enclosures - - - 38,000 38,000 - - - 38,000
<br />Hecla Lake Reservior Improvs 19,155 - 8,000 - - - - - 3,090
<br />Mach inery&Equipment(18%) 6,900 - 6,009 17,500 17,590 - 13,590 13,500 50,590
<br />Interpretive Education 3,690 - 3,690 6,000 8,000 6,990 14,593 - 30,193
<br />Trail Connections (20%) 63,823 - 3,600 65,400 125,628 - - - 129,220
<br />Motor VehicleIRoad Equipment 32,000 - 30,000 - - - - - 30,000
<br />Machinery& Equipment (18%) 6,900 - 6,000 17,500 17,500 - 13,589 13,599 54,590
<br />Hwy 42MuftiLJseUnderpass 392,500 - 392,590 750,000 1,500,000 - - - 1,392,590
<br />Trail Connections (80%) 255,293 - 14,400 261,600 516,900 5-40,964 53,394 - 1,130,658
<br />Trail Protects 207,992 - - 157,000 365,000 - - - 365,900
<br />Kestral Trail Con n ection 62,590 - 62,500 - - - 62,500
<br />Soccer/Multipurpose Fields (66%) - - - 9,900 9,900 - 55,009 64,900
<br />Open SpaceAcquistion 2,125,090 - 2125,009 - - - - - 2,125,090
<br />Joe Carnival Site Improvements - - - - - - - 115,000 115,000
<br />Community Dog Park Improvements (60%) - 187,500 187,500
<br />Total Open Space & Parks Fund 3,342,810 37.445 2.820.547 1.470.750 2.750.270 714.214 171.742 483.750 6.940.523
<br />FUND FINANCIAL FORECASTS:
<br />Staff has incorporated the new revenue projections and new C -I -P projections outlined
<br />in the preceding discussion, along with some other operational adjustments and budget
<br />corrections, to create new financial forecasts for all funds. The forecasts contain two
<br />years (2017 and 2018) of projected revenue, expenditures, and ending reserves. Staff
<br />is currently working on five-year financial forecasts for the budget presentation
<br />scheduled for September 26, 2017.
<br />CITY COUNCIL COMMUNICATION
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