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Except for the two Water Utility Fund projects, these projects have been removed to help fund the
<br />shortfall in the Recreation Center construction project. Appropriations related to these projects have
<br />been reclassified to transfer additional funds to the Recreation Center Construction Fund from the
<br />General Fund, Conservation Trust — Lottery Fund, and Capital Projects Fund.
<br />The 2017 Wayfinding Project and Wayfinding — McCaslin & Centennial Valley Project were also
<br />removed from the Capital Projects Fund to help support the 2018 transfers to the Recreation Center
<br />Construction Fund.
<br />Funding for Recreation Center Project Shortfall
<br />The 2018 Operating & Capital Budget includes the recommendations made at the September 26
<br />Budget Presentation and at the October 17 Public Hearing for funding the shortfall in the Recreation
<br />Center Project.
<br />This funding plan that was included in the 2018 adopted budget is summarized in the following sources
<br />and uses table.
<br />Sources of Funds:
<br />Bond Proceeds
<br />Interest Earnings
<br />DOLA Grant
<br />Historic Preservation Grant
<br />Transfers from General Fund
<br />Transfers from Lottery" Fund
<br />Transfers from Capital Projects Fund
<br />Total Sources of Funds
<br />Uses of Funds:
<br />Banking Services
<br />Bond Issuance Costs
<br />Rec Center Design
<br />Rec Center Construction t.igmt
<br />Rec Center Construction
<br />Total Uses of Funds
<br />2016 2017 2018
<br />Actual Estimate Estimate Total
<br />- 28,499,690 - 28,499,690
<br />- 1E0,000 100,000 2E0,000
<br />- E00,000 E00,000
<br />- - 220,020 220,020
<br />- 1,2E0,000 1,2E0,000
<br />- - 4591,500 4591,500
<br />39E,100 39E,100
<br />28,649,690 2,924,620 31,574,310
<br />- 400
<br />- 200,000
<br />73,121 1,293,32O
<br />20,12E 260,630
<br />3, 7'36,230
<br />750 1,150
<br />200,000
<br />- 1,366,441
<br />- 280,755
<br />25989,6E0 29,72E,930
<br />93,246 5,490,630 25,990,400 31,574,276
<br />7
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