2022-2026 Capital Improvement Program.pdf

and prior year project carry forwards of $49,171,152. A transfer out of $425,000 was carried forward from fiscal year 2021 for the final payment of the State sales tax flood mitigation grant loan to the Wastewater Fund. The revised fiscal year 2022 Capital Projects Fund revenues and transfers in budget also includes totals from the carry forward of prior year projects. The amounts being carried forward from prior years are not included in the five-year CIP totals. The revised Capital Projects Fund revenues and transfers in for fiscal year 2022 are $39,931,472; the revised budget includes the 2022 CIP funding sources of $26,784,020 and a transfer in from the TIF funds to reimburse for prior year expenditures of $18,191, and prior year project carry forwards of $13,129,261. Fund balance in the Capital Projects Fund primarily represents unspent funding sources from the current year and prior years. This balance fluctuates based on the timing of the issuance of bonds and the timing of the project expenditures. The estimated ending fund balance for fiscal year 2023 is $4,272,915.

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