FY2024 Proposed Budget

Capital Project Plan The five-year capital improvement program (CIP) is developed and updated annually through a process involving all City departments in the collection and review of the capital improvement needs of the City. The plan reviews, plans, and prioritizes the capital replacement and capital expansion needs of the City in coordination with the City’s financial and operational demands. The City’s five year capital improvement plan is integrated into the City’s financial plan and annual budget. This plan also coordinates with the City’s long-range debt planning to ensure that sufficient debt funding is available at the time improvements are needed or expected. The projected debt issues in the program have been integrated into the Debt Service Fund’s budget.

Below is the five-year capital improvement plan expenditure summary by division.

Capital Improvement Plan 2023-2027 Summary by Division

2023

2024

2025

2026

2027

Total

$

843,000

$

467,000

3,300,000 $

1,400,000 $

1,170,000 $

$

7,180,000 13,000,000

Airport

1,000,000

12,000,000

Equipment

100,000

100,000

100,000

100,000

100,000

500,000

Finance Administration

3,495,000 1,350,000 6,005,000

2,050,000 1,050,000

9,500,000 1,050,000

15,045,000 5,285,000 9,975,750

Fire

1,110,000 3,027,750

725,000 403,000 375,000 650,000

Government Buildings

540,000 400,000 500,000

Landfill Library

55,000

830,000

840,000

1,000,000 1,270,000

500,000

3,490,000 17,000,000

Parking Operations Parks Maintenance

7,000,000

2,485,000

4,710,000

1,535,000

110,000 400,000

110,000

Police

650,000 500,000

1,050,000 10,200,000 6,400,000 3,490,000 82,257,350 23,525,000 44,700,500 8,961,500

Public Works Administration

9,700,000 1,825,000

Recreation

2,750,000

1,825,000 1,090,000 18,003,470

Senior Center

640,000

740,000

780,000

240,000

Stormwater

9,731,470

15,593,470

24,105,470 22,575,000 3,213,500 1,400,000 71,636,970 $

14,823,470

Street Operations Transit Operations Wastewater Treatment

475,000

325,000

75,000

75,000

8,471,000 1,067,500

25,755,000 3,144,000 65,737,220 $

3,593,500 1,800,000

3,667,500 1,550,000

Water Operations

TOTAL

44,277,970 $

37,136,970 $

34,210,970 $

253,000,100 $

Total expenditures for the Capital Improvement Program for years 2023 – 2027 are $253,000,100. Total funding sources for the Capital Improvement Program for year 2023 – 2027 are $255,725,100.

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