1993 BUDGET - Laserfiche WebLink

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The Cemetery Fund revenues of $26,500 consist of fees derived from the sale of cemetery lots and are restricted for perpetual care of the cemetery. The Cemetery Fund also will have a fund balance of $211,750 in 1993. Based on the total revenues and the fund balance for 1993, interest earnings anticipated in this fund are $8,500 which will be transferred to the General Fund to offset operational costs of maintaining the cemetery. The major source of revenue for the Combined Capital Improvement Fund is revenue from the service expansion fee and major thoroughfare fee which are collected during the building permit process. These fees are restricted for the construction of buildings; parks facilities; improvements to streets, sidewalks, and trails; the acquisition of trees; improvements to drainage systems; and the purchase of capital equipment. The 1993 funding level for capital improvements projects is $5,226,535, which represents a significant increase of 180 percent over 1992 levels of $2,116,545. This increase is due in large part to major capital improvement projects planned in Parks and Recreation, Public Works and other areas of the City. A review of some of these projects is provided below. In continuing the City's commitment to providing quality parks and open space amenities the City Council adopted and plans to implement the Parks and Recreation Department's Parks Master Plan which provides for several significant capital improvement projects in 1993. The Parks Master Plan will meet the priorities and goals of the Mayor and City Council and continue to enhance the community's commitment to parks and open space. In implementing specific parks capital improvements, staff will conduct invaluable community meetings to provide information on specific projects and to receive input and feedback from citizens. Following this process, approximately $313,500 will be spent on the development of the new Northwest Park. The undeveloped portion of Heritage Park will be developed, at an investment of $238,000, in 1993 based on input community meetings, and a park site will be developed at the City's Recreation Center, at an estimated investment of $303,000. Trails development of $184,500 will continue in 1993 with development of hard surface trails near the planned Northwest Park, to Centennial Park and from the Sundance No. 2 subdivision to Cleo Mudrock Park.Further, as a means of improving the accessibility of play areas and equipment under the Americans with Disabilities Act, approximately $163,740 is earmarked to provide accessible play areas and equipment in several of the City's parks. Finally, over $2 million is estimated for the acquisition of additional parks and open space land and the acquisition and development of land for new ballfields. Improvements to the City's historic and unique downtown will continue in 1993, at an estimated $438,520. Such improvements will include new landscaping at City Hall, and installation of lighting on Main Street from Walnut to Pine Streets, provision of bus stop seating, new signage and provision of trash receptacles. At an approximate $90,000 the City's storm drainage system will be improved during 1993. In order to upgrade the City's financial hardware and software system_ and provide other computer usage, $200,000 has been budgeted for new computer equipment and training. vi