HomeMy WebLinkAbout3. Capital Improvement Program Imformation
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CITY OF SHAKOPEE
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Capital Improvement Information
DATE: August 7, 2009
Introduction & Background
The Capital Improvement Plan projects have been presented by Public
Works, Buildings will be reviewed at the 8/11/09 meeting along with
further review of the Parks ClP. Attached are projects fund levels for
the Capital Improvement Fund, the Annual Improvement Funds and the
State Aid Fund. Included is also the chart of current and projected
debt service levies based on the CIP.
This is just informational. One thing to note is the decline in the
project fund balance in the CIF fund.
Gregg Voxland
Finance Director
H,\Finance\budget\
1
Capital Improvement Fund
Projected Fund levels
2010-2014 Capital Improvement Program
City of Shakopee, Minnesota
REVENUES: 2009 2010 2011 2012 2013 2014
Special Assessments $ 320,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000
Intergovernmental/Mise 600,000 - 1,600,000
Interest 144,493 115,809 116,887 117,513 112,666 96,660
Total Revenue 464,493 845,809 246,887 247,513 1,842,666 226,660
EXPENDITURES:
Expenditures per List elF 768,000 600,000 229,000 293,000 700,000 1,485,000
Expenditures per List Grants 600,000 1,600,000
~ Total Expenditures 768,000 1,200,000 229,000 293,000 2,300,000 1,485,000
OTHER FINANCING SOURCE (USE)
Transfers 385,000 (93,000)
Bond Proceeds
Total Other Financing Source (Use) - 385,000 - (93,000) -
Excess (Deficiency) (303,507) 30,809 17,887 (138,487) (457,334) (1,258,340)
Fund Balance January 1 3,612,337 3,308,830 3,339,640 3,357,527 3,219,040 2,761,70.7
Balance 12/31 $ 3,308,830 $ 3,339,640 $ 3,357,527 $ 3,219,040 $ 2,761,707 $ 1,503,367
Annual Improvement Funds
Projected Fund levels
2010-2014 Capital Improvement Program
City of Shakopee, Minnesota
REVENUES: 2010 2011 2012 2013 2014
Special Assessments $ 2,555,000 $ 1,035,000 $ 1,178,000 $ 941,000 2,405,000
Tax Levy/Bond Proceeds 970,000 1,425,000 1,099,000 584,000 725,000
Donations/Grants - - - - 225,000
Escrow 13,000
SPUC 360,000 660,000 260,000 20,000 20,000
Total Revenue 3,898,000 3,120,000 2,537,000 1,545,000 3,375,000
EXPENDITURES:
Expenditures per list-Assessment 2,555,000 1,035,000 1,178,000 941,000 2,405,000
Expenditures per list-Tax Levy 970,000 1 ,425,000 1,099,000 584,000 725,000
Expenditures per list-CIF 93,000 385,000
VJ Expenditures per List-State Aid 605,000 1,450,000 230,000 170,000
Expenditures per list-Donations/Grants 225,000
Expenditures per List-Escrow 13,000
Expenditures per List- Sewer 295,000 570,000 440,000 20,000 630,000
Expenditures per List- Surface 170,000 100,000 50,000 45,000 310,000
Expenditures per list-SPUC 360,000 660,000 260,000 20,000 20,000
Total Expenditures 4,968,000 5,240,000 3,120,000 1,840,000 4,870,000
Transfer in - Sewer 295,000 570,000 440,000 20,000 630,000
Transfer in - Surface 170,000 100,000 50,000 45,000 310,000
Transfer in - CIF 93,000 385,000
Transfer in - State Aid 605,000 1,450,000 230,000 170,000
Excess (Deficiency) $ - $ - $ - $ - $
State Aid
Projected Levels
2010-2014 Capital Improvement Program
City of Shakopee, Minnesota
REVENUES: 2010 2011 2012 2013 2014
State Aid Construction 226,440 700,000 750,000 750,000 750,000
Turn Back Funds TH 300 1,320,000
Interest 135,467 116,318 135,754 164,936 187,089
Total Revenue 361,907 2,136,318 885,754 914,936 937,089
EXPENDITURES:
Expenditures per List-STATE AID 780,000 1,529,000 230,000 1,120,000
State Aid Transferred to General Fund 129,000 52,000 52,000 52,000 52,000
Total Expenditures 909,000 1,581,000 52,000 282,000 1,172,000
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Excess (Deficiency) (547,093) 555,318 833,754 632,936 (234,911 )
Balance Available 1/1 3,870,472 3,323,378 3,878,696 4,712,451 5,345,386
Balance 12/31 $ 3,323,378 $ 3,878,696 $ 4,712,451 $ 5,345,386 $ 5,110,475
Debt Tax Levies
2,500,000
2,000,000
II Building Bond~
1,500,000 .2004B GO Fin
1,000,000 C Future Levies
500,000 .Adopted Levie
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