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SUBJECT: <br />DATE: <br />PROPOSED 2016 BUDGET AND 2016 -2020 CIP <br />OCTOBER 26, 2015 <br />PAGE 8OF10 <br />resurfaced in this approach, but it would likely involve those streets in the 2017 Main <br />Paving Program. Under this approach, the forecasted Capital Project Fund reserves <br />would be as follows. <br />18,000,000 - <br />16,000,000 <br />14,000,000 <br />12,000,000 <br />10,000,000 <br />8,000,000 <br />6,000,000 <br />4,000,000 <br />2,000,000 <br />Capital Projects Fund Forecast <br />(10/26 Proposed Budget w $1 M shifted from 2017 to 2016) <br />Includes City Services Facility, <br />Initial South Street Underpass, DDI, _ <br />Bridge Flood Reconstruction <br />Project, & Transfer to Golf Course <br />Fund for Flood Reconstruction <br />II <br />Projects <br />41 <br />/Asa <br />i►)1r <br />�� <br />/ <br />k <br />. <br />.a <br />�le <br />ISI\ <br />t <br />iL <br />kid <br />1 <br />oN 0(1' Off` Oy C§) (c1/4 O'b O � t■N '� Nfb t■t4 t■43 NC° <1/4 t.° P.° ti9' <br />O O O OO O O O O O O O O OO O O O r r r 4 4 ` l' I ( ` 1 l' 4 ( <br />■Revenue <br />■Expenditures <br />Fund Balance <br />Summary of Significant Changes <br />With all the changes noted above, there are also numerous other significant changes <br />proposed in the 2016 budget. Those changes are summarized in the following table. <br />For additional detail please refer to the attached updated Transmittal Letter, updated <br />CIP, and updated Summary by Fund. <br />CITY COUNCIL COMMUNICATION <br />8 <br />