12-9-2024 CC Agenda Packet - Laserfiche WebLink

Home Browse Search

Projects identified in the CIP for 2024 include: Sewer Rehabilitation ($300,000), sanitary line adjustments in correlation with road projects ($41,100), Lift Station #27 rehabilitation ($60,000), and Life Station #4 rehabilitation ($70,000). Recycling Fund. The recycling funds major expenditure is for contracted recycling charges. The current contract with Waste Management is increasing 4%. The Recycled Materials has weakened in the past few years since 2018. The full-time wages that are charged to the fund represent 10% of the City Clerks wages. Golf Couse Fund. The golf course fund was established in 2023 with an intent to be more transparent with golf course revenue and expenditures. The main revenue source of the golf course fund comes from charges from fees and services at the golf course related to golfing activities. Expenditure budget is increasing by $110,330 (28.67%), with majority of expenditures increasing in personal services. The main factor would be due to hiring a full- time position to manage the clubhouse and events. Cable Fund. 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 the City’s fiber internet connection. Revenue for the fund is in the from franchise fees that are set by the City’s franchise agreement with Mediacom. Stormwater Fund. 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 operating expenditure budget is decreasing by $6,900 (-1.37%). The total overall expenditure budget is increasing by $179,100 (35.63) due to the increase in operating transfers. Projects identified in the CIP for 2024 include: Stormwater improvements in conjunction with road projects ($365,300), Casco Cove outlet and bioretention basin ($161,000), and other Storm Sewer Improvements and Replacements as needed throughout the year ($100,000). 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 does not approve or authorize any purchases. The projects identified in it will require approval from the Council before they can be started or purchased. CAPITAL IMPROVEMENT PLAN In 2012 and every year after, the City formally adopts a Capital Improvement Plan (CIP). In order to plan accurately for the City, the CIP is updated and adopted annually. An updated copy of the CIP for 2025 can be found on the City’s website. 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, the CIP items that have been identified as needs by staff. The second focus is to determine available funding for the CIP. Many funding sources are not adequate to fund the CIP items so funding will need to be secured prior to moving forward with the projects. Page 4 of 113 150