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F <br />r <br />TO: Mayor and City Council <br />FROM: Ron Moorse, City Administrator <br />DATE: August 22,2000 <br />SUBJECT: Capital Expenditures-2001 and Beyond <br />The City budgets capital expenditures in eight funds. They are as follows: <br />• Improvement and Equipment Outlay Fund <br />• Building Outlay Fund/Community Investment Fund <br />• Permanent Improvement Revolving Fund <br />• Park Fund <br />• Municipal State Aid Fund <br />• Sewer Fund <br />• Water Fund <br />• Golf Fund <br />The following is an outline of the planned capital expenditures in each fund for 2001 and beyond. <br />Improvement and Equipment Outlay Fund <br />All capital expenditures related to the General Fund departments, with the exception of the Police <br />Department, are funded and accounted for in the Improvement and Equipment Outlay Fund. These <br />expenditures are funded through an annual transfer of $105,000 from the General Fund tax levy. <br />$30,000 of this amount is designated for Long Lake fire equipment replacement. The three major <br />areas of expenditures in the fund are: <br />1. Public Works vehicle and equipment replacement. <br />2. Long Lake fire equipment replacement. <br />3. Computer equipment replacement. <br />Four-Year Public Works Vehicle/Equipment Replacement Schedule <br />The plan for Public Works vehicle/equipment replacement over the next four years is as follows: <br />2001 .... Replace dump truck and plow ........................$ 93,000 <br />2002 ___Replace two pick-up trucks.............................$ 50,000 <br />2003 .... Replace utility service truck...........................$ 40,000 <br />2004 .... Replace dump truck and plow .........................$100,000 <br />The Public Works equipment replacement schedule requires an average annual funding level of <br />approximately $70,000. <br />Page 3