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SUBJECT: 2025/2026 BUDGET RETREAT
<br />DATE: JULY 24, 2024
<br />TABLE 3: REQUESTED CIP - SUMMARIZED BY FUND
<br />All Funds
<br />Open Space Fund
<br />Parks Fund
<br />Conservation Trust - Lottery Fund
<br />Cemetery Fund
<br />PEG Fee Fund
<br />Historic Preservation Fund
<br />Recreation Fund
<br />Capital Projects Fund
<br />Recreation Center Construction Fund
<br />Water Utility Fund
<br />Wastewater Utility Fund
<br />Storm Water Utility Fund
<br />Calf Course Fund
<br />Technology Management Fund
<br />Fleet Management Fund
<br />Total for All Funds
<br />PAGE 7 OF 16
<br />2025 20 027 2a28 2029 2030 6-Year
<br />Mr Planned Pla fanned Planned Planned Planned Totals
<br />320,000
<br />578,000
<br />300,890
<br />16,000
<br />20,000
<br />15,000
<br />779,900
<br />29,357,526
<br />5,334,8- 49
<br />757,693
<br />414,600
<br />1,174,915
<br />142,550
<br />805,435
<br />40.016,468
<br />1,250,003
<br />2,513,500
<br />295,500
<br />18,500
<br />20,000
<br />256,450
<br />774,736
<br />23,304,947
<br />584,00D
<br />4,337,000
<br />463, 000
<br />197, 500
<br />10,000
<br />959,50- D
<br />46,092,615
<br />5,233,950 5,889,65- 0
<br />662,000 1,065,50D
<br />1,150,000
<br />2,701,991
<br />142,550
<br />666,802
<br />38,990.926
<br />905,000
<br />4,658,090
<br />500,090
<br />24,500
<br />10,000
<br />518,10- 0
<br />23,775,871
<br />7,504,55- 0
<br />1,454,500
<br />672,500
<br />765,34- 4 27,175,000
<br />142,550 142,550
<br />709,471 839,218
<br />61,216,130 68.179,789
<br />425,000 430,000 3,914,000
<br />765,000 719,003 13,570,500
<br />230,500 362,503 2,151,500
<br />25,000 25,500 307,090
<br />10,000 10,000 80,000
<br />271,450
<br />230,000 247,000 3,509,236
<br />18,723,623 25,538,333 166,792,915
<br />7,927,500 3,614,50D 35,504,99- 9
<br />997,500 875,503 5,812,693
<br />64,751 706,503 3,008,351
<br />35,000 50,003 31,902,250
<br />142,550 142,550 855,300
<br />1,147,026 858,972 5,026,924
<br />30.723,450 33,580.355 272,707,118
<br />Other than the Utility Funds, the Capital Projects Fund provides the majority of funding
<br />for the C-I-P. Capital requests have been incorporated into the City's Long -Term
<br />Financial Model to determine if there is adequate funding from revenue and reserves.
<br />This is Model is can be found on page 14 of this packet.
<br />CIP DOCUMENT STRUCTURE:
<br />Attachment 3 summarizes the Preliminary Six -Year Capital Improvements Plan for 2025
<br />through 2030, with each project as a separate line, and subtotaled at the fund level.
<br />1. Attachment 3a, contains copies of each C-I-P Project Request Form within the
<br />Preliminary Plan, as submitted by the requesting departments.
<br />2. Attachment 3b, contains copies of each submitted, yet removed, C-I-P Project
<br />Request Form, as submitted by the requesting departments.
<br />FUND FINANCIAL FORECASTS
<br />By incorporating prior year (2023) actuals, the 2024 beginning fund balances, long-term
<br />revenue assumptions and expenditure targets, the Capital Improvements Plan, and the
<br />financial structures required by the Financial Policies, staff has developed a six -year
<br />financial forecast for each of the City's main operating funds. At this time, staff is
<br />presenting the first two years of the forecast, 2025 and 2026. Fund Forecasts that have
<br />Sale Tax revenue (General, Recreation, Open Space, Parks and Capital) we are
<br />presenting the with latest Sales Tax revenue projections.
<br />Please note that these are preliminary fund forecasts and are not based on the City
<br />Manager's Recommended Budget, which will be presented to Council in September.
<br />Projections are continuously updated throughout the 2025-2026 budget development
<br />process.
<br />CITY COUNCIL COMMUNICATION
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