|
Capital Improvement Plan, City of Orono
<br />Park Fund Current Balance:-$128,500 22525000 Table B-1
<br />Project 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
<br />Operation and Maintenance (1)$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
<br />CIP Expenditures $180,000 $75,000 $131,702 $480,000 $85,000 $140,000 $10,000 $300,000 $567,000 $280,000
<br />Total Expenses $180,000 $75,000 $131,702 $480,000 $85,000 $140,000 $10,000 $300,000 $567,000 $280,000
<br />Revenues $470,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
<br />Revenues - Park Dedication $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
<br />Revenues - Tax Levy $50,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000
<br />Annual Balance $350,000 $35,000 ($21,702)($370,000)$25,000 ($30,000)$100,000 ($190,000)($457,000)($170,000)
<br />Year End Cash Balance $221,500 $256,500 $234,798 ($135,202)($110,202)($140,202)($40,202)($230,202)($687,202)($857,202)
<br />Facilities Fund Current Balance:$0 Table B-2b
<br />Project 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
<br />Operation and Maintenance (1)$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
<br />CIP Expenditures $767,000 $13,035,000 $775,760 $3,439,560 $209,000 $160,000 $160,000 $160,000 $160,000 $160,000
<br />Total Expenses $767,000 $13,035,000 $775,760 $3,439,560 $209,000 $160,000 $160,000 $160,000 $160,000 $160,000
<br />Tax Levy $310,000 $310,000 $310,000 $310,000 $310,000 $310,000 $310,000 $310,000 $310,000 $310,000
<br />Transfer from other Funds - 2016 Debt Service $350,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
<br />Bond Sale $16,000,000
<br />Annual Balance $15,893,000 ($12,725,000)($465,760)($3,129,560)$101,000 $150,000 $150,000 $150,000 $150,000 $150,000
<br />Year End Cash Balance $15,893,000 $3,168,000 $2,702,240 ($427,320)($326,320)($176,320)($26,320)$123,680 $273,680 $423,680
<br />Improvement/Equipment Outlay Fund - Long Lake Fire Account Current Balance:$471,900 Table B-3
<br />Project 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
<br />Long Lake Fire CIP $300,518 $51,000 $0 $0 $119,000 $51,000 $55,250 $488,750 $0 $76,500
<br />Total Expenses $300,518 $51,000 $0 $0 $119,000 $51,000 $55,250 $488,750 $0 $76,500
<br />Revenue - General Fund Transfer (2)$85,000 $85,000 $85,000 $85,000 $85,000 $85,000 $85,000 $85,000 $85,000 $85,000
<br />Revenues - Interest (2)$5,000 $2,614 $2,980 $3,860 $4,748 $4,456 $4,840 $5,186 $1,201 $2,063
<br />Annual Balance ($210,518)$36,614 $87,980 $88,860 ($29,252)$38,456 $34,590 ($398,564)$86,201 $10,563
<br />Year End Cash Balance $261,383 $297,996 $385,976 $474,836 $445,584 $484,040 $518,631 $120,067 $206,268 $216,830
<br />40625000
<br />Permanent Improvement Revolving (PIR) Fund Current Balance:$1,094,480 Amount Designated for Police Purchases =$336,859 Table B-9
<br />Project 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
<br />Police Expenses $225,000 $25,000 $20,000 $120,000 $15,000 $50,000 $50,000 $15,000 $0 $0
<br />Total Expenses $225,000 $25,000 $20,000 $120,000 $15,000 $50,000 $50,000 $15,000 $0 $0
<br />Revenues $2,000 $21,000 $21,000 $20,500 $20,500 $20,500 $20,000 $20,000 $20,000 $20,000
<br />Annual Balance ($223,000)($4,000)$1,000 ($99,500)$5,500 ($29,500)($30,000)$5,000 $20,000 $20,000
<br />Year End Cash Balance $113,859 $109,859 $110,859 $11,359 $16,859 ($12,641)($42,641)($37,641)($17,641)$2,359
<br />NOTES:
<br />(1) Expenses and Revenues are based on the City's 2021 budget. For Planning purposes a 2.5% annual inflation factor has been used to project future costs.
<br />(2) Revenues are based on a 1.5% increased contribution starting in 2019 and adding a 1% interest earned on the previous year's balance.
<br />(3) Expenses are based on utility rate study conducted in 2020 for future years 2021-2026. For Planning purposes, 2027 and after have a 2.5% annual inflation factor to project future costs.
<br />(4) Revenues are based on the utility rate study conducted in 2020 for future years 2021-2026, plus estimated investment interest. For Planning purposes, 2027 and after have a 2.5% annual inflation factor to project future costs.
<br />(5) Balance is based on amount designated for police purchases.
|