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requirements. Public Works time and <br />materials spent on culvert <br />cleaning/replacement are also charged to this <br />fund. The purpose of this fund is to collect <br />money for the larger Stormwater projects that <br />will be required in the future. The attached <br />five-year projection assumes a 10% annual <br />increase. <br />Potential CIP projects in 2020 include: Smith <br />and Lyman Avenues ($25,575), Livingston <br />and Navarre Avenues ($20,000), <br />Windjammer ($7,000), Rest Point Lane <br />($5,565), Togo Road ($91,000), Fox Street — <br />Orono Orchard to East End ($28,000), East <br />long Lake Road N ($127,000), and Storm <br />Sewer Improvements ($100,000). The <br />capital expenditures total $40,140. The <br />anticipated cash balance for the fund at the <br />end of 2019 is $613,288. <br />Recycling <br />The recycling funds major expenditure line is <br />for contracted recycling charges. The current <br />contract with Waste Management is <br />increasing 62%. The Recycled Materials <br />offset that the City was receiving in 2017 has <br />not been being paid since 2018. The offset is <br />based on the market for recycled materials <br />which weakened it 2018. The full time wages <br />that are charged to the fund represent 10% of <br />the City Clerks wages. The anticipated cash <br />balance for the fund at the end of 2019 is <br />$70,382. <br />Cable <br />The Cable funds projected revenues are <br />based on current subscriber information and <br />rates. The line item for Internet/Other <br />communications covers the costs associated <br />with streaming and online access of council <br />meetings. It has been increased to pay for the <br />increased cost of our fiber internet <br />connection. Revenue for the fund is in the <br />from franchise fees that are set by the City's <br />franchise agreement with Mediacom. <br />Capital Expenditures in 2020 will include <br />upgrades to the presentation equipment in the <br />Council Chambers. The current cash balance <br />of the fund is $169,102. <br />Construction Funds <br />The City does not adopt formal budgets for <br />construction funds. Possible projects for <br />these funds can be found in the CIP. The CIP <br />is a planning tool only; approval of the CIP <br />not approve or authorize any purchases. The <br />projects identified in it will require individual <br />approval from the Council before they can be <br />started. <br />Capital Improvement Plan <br />In 2012 the City formally adopted a Capital <br />Improvement Plan (CIP). In order to keep the <br />CIP useful, it is updated on a yearly basis. An <br />updated copy of the CIP for 2020 is included <br />with this memo and will be approved tonight. <br />The CII' is a planning document only and <br />approval of the CIP does not constitute <br />approval of any expenditures. <br />There are two main focusses of the CIP. First <br />is the CIP items that have been identified as <br />needs by staff. The Second is available <br />funding for the CIP. Many funding sources <br />are not adequate to fund the CIP items so <br />funding will need to be secured prior to <br />moving forward with the projects. <br />The funding for the Street CIP includes an <br />additional $300,000 in tax levy starting in <br />2023. In that year, the levy needed for debt <br />service will decrease by $300,000 and by <br />transferring the levy to the CIP, there will be <br />adequate funding for roads. This increased <br />levy for the CIP will require Council <br />approval at that time. <br />City of Orono - 2020 Budget Page 6 <br />