1995 BUDGET - Laserfiche WebLink

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Capital Prgjertc Fund: The Capital Projects Fund accounts for monies received as a result of the one -cent sales tax increase that was approved at the special election in March of 1989. The Capital Projects Fund has a projected budget of $1,612,185 of which $486,685 is obligated for 1995 debt service payment for the bonds issued to finance the new Library, Recreation Center, City Hall remodel, and South Boulder Road improvements. The remaining $1,125,500 from this Fund in 1995 is dedicated for a variety of improvements within the City. Approximately $435,000 is allocated in this Fund to continue the multi -year downtown improvements project. Other improvements funded from the Capital Projects Fund include Alley improvements in the amount of $36,000; improvements to Sidewalks in the amount of $94,000, Street improvements at $520,000; and improvements to the Recreation Center Parking Lot in the amount of $40,000. Water Fund: The operating revenues (user fees) for the water fund are budgeted at $2,423,600 with operating expenditures of $1,823,650. Debt service expenditures for 1995 are $1,568,755 as well as $67,000 in debt service associated with the acquisition of three (3) units of Windy Gap water. Debt service is funded with water assessment fees and water tap fees. The 1995 Water Fund capital outlays of $1,356,500 include: • Water Rights Acquisition, including legal fees of $370,000. • Installation of new water mains at $104,000. • Approximately $24,000 for water meters. • Northern Colorado Water Conservancy District (NCWCD) pipeline projected costs for segment II, $600,000, and segment III, $223,500. • Purchase of new computer software for water treatment, $15,000 • Water Treatment Plant Improvements, $24,000. vil