12-10-2018 Council Packet - Laserfiche WebLink

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AGENDA ITEM Upcoming capital expenditures can be covered by the fund's current cash balances. Projects identified in the CIP for 2019 include: Annual sewer rehabilitation ($281,377), Sewer televising ($48,690), additional generators ($150,000), lift station updates ($116,000); lift station monitoring improvements ($26,000), sewer main replacements ($198,000), and a generator rehabilitation ($10,000), for a total of $820,068. The current cash balance for the fund is $2,120.498. Stormwater The Stormwater Fund is for the most part project based. Operating expenditures are mainly limited to engineering associated with NPDES, SWPPP and other state and federal requirements. Public Works time and materials spent on culvert cleaning/replacement are also charged to this fund. The purpose of this fund is to collect money for the larger Stormwater projects that will be required in the future. The attached five- year projection assumes a 10% annual increase. Potential CIP projects in 2019 include: Watershed Delineation and Pond Assessments ($10,000), Forest Arms Lane ($69,324), East Long Lake S ($63,515), Tonkaview Lane ($87,531), Chevy Chase Drive ($146,330), East long Lake Road N ($82,000), Storm Sewer Improvements ($200,000), TMDL Updates ($50,000), and OCB pipe upsizing (88,500). The capital expenditures total $798,200. The funds current cash balance is $1,588,728. Recycling The recycling funds major expenditure line is for contracted recycling charges. The current contract with Waste Management is increasing 2.5% increase. The Recycled Materials offset that the City was receiving in 2017 has not been being paid in 2018. The offset is based on the market for recycled materials which weakened it 2018. The full time wages that are charged to the fund represent 10% of the City Clerks wages. The current cash balance is $28,866. Cable The Cable funds projected revenues are based on current subscriber information and rates. The line item for Internet/Other communications covers the costs associated with streaming and online access of council meetings. It has been increased to pay for the increased cost of our fiber internet connection. Revenue for the fund is in the from franchise fees that are set by the City's franchise agreement with Mediacom. Capital Expenditures in 2019 will include upgrades to the presentation equipment in the Council Chambers. The current cash balance of the fund is $156,994. Construction Funds The City does not adopt formal budgets for construction funds. Possible projects for these funds can be found in the CIP. The CIP is a planning tool only; approval of the CIP not approve or authorize any purchases. The projects identified in it will require individual approval from the Council before they can be started. Capital Improvement Plan In 2012 the City formally adopted a Capital Improvement Plan (CIP). In order to keep the CIP useful, it is updated on a yearly basis. An updated copy of the CIP for 2019 is included with this memo and will be approved tonight. The CIP is a planning document only and approval of the CIP does not constitute approval of any expenditures. There are two main focusses of the CIP. First is the CIP items that have been identified as needs by staff. Prepared By: J*JU Reviewed By: 11V Approved By: -TV