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14, 444, 444
<br />9,000,040
<br />8,000,000
<br />1,000,000
<br />8,000,000
<br />5,000,000
<br />4,000,000
<br />3,000,000
<br />2,000,000
<br />1,000,000
<br />Bond Proceeds
<br />and Escrow
<br />Capital Projects Fund Forecast
<br />Includes Dillon Road
<br />Funding Costs
<br />Includes Community
<br />Park (Phase I.) and Dillon
<br />Road (88th to 96th)
<br />96thto 104th) and
<br />Fiwy42 ?SBR
<br />[nterchanrje
<br />City Shops
<br />/ Remodel
<br />if-tz. q9. .„9 e,5!.
<br />- Revenue
<br />- Ex p en d iturrs
<br />Fund B2I2ne=_
<br />Water, Wastewater, and Storm Water Funds
<br />• Total Water Fund expenses are budgeted to decline by approximately $1.5 million in 2011
<br />from 2010 estimates due to a reduction in capital outlay. Wastewater Fund expenses are
<br />budgeted to decline by approximately $ $1.3 million in 2011 from 2010 estimates due to a
<br />reduction in capital outlay and the transfers made in 2010 to the Golf Course Fund, The
<br />2011 budget includes a 3.0% rate increase in water fees and wastewater fees, and a 25-
<br />cent increase, from $3.00 to $3.25, in monthly storm water fees for single family accounts
<br />and a proportionate increase for all other accounts.
<br />• The current reserves of the Combined Utility Fund are significant, estimated to be $8.3
<br />million, or 93% of annual expenses, by the end of 2011. However, as shown in the chart
<br />below, reserves are expected to decline over the next few years due to funding for large
<br />capital projects. We will be reviewing with the City Council's Water Committee, and
<br />ultimately the entire City Council, the anticipated capital projects and whether it is
<br />appropriate to conduct a rate study in the near future to ensure we maintain adequate
<br />reserves for anticipated projects and unanticipated events.
<br />• The Combined Utility Funds will provide 50% of the funding needed in 2011 ($50,000 for
<br />design) and 2012 ($1,950,000 for construction) for the City Shops Remodel project. This is
<br />consistent with the level of equipment and staff devoted to Water, Wastewater and
<br />Stormwater operations and maintenance that is currently and will continue to be stored and
<br />based at that facility.
<br />• Other Major capital projects funded from the Combined Utility Funds in 2011 -2015 include:
<br />• Windy Gap Expense & Debt Service (2011 -2015, $1,750,000)
<br />• Vehicle /Road Equipment Replacement (2011 -2015 $1,750,000)
<br />• North Louisville Drainage (2011 -2013, $900,000)
<br />• Drainageway "A -2" (2011 -2012 $900,000)
<br />• Sewerline Replacement (2011 -2015 $875,000)
<br />• Waterline Replacement (2011 -2015, $860,000)
<br />8
<br />22
<br />
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