FY2020 Budget

Capital Investment Program CRF

MISSION

The purpose of the CIP Capital Reserve Fund is to set aside funds annually for the advancement of future Capital Investment Projects. The funds may be utilized for preliminary design for improved cost estimation or for associated debt obligations or any other capital expense related to the project. This avoids resource competition and cash flow demands on the Fund Balance and allows for better planning and implementation of tangible assets that add value to the community.

SERVICE TO COMMUNITY

Leverage our resources by re-investing in the community.

BUDGET NOTES

New Initiatives & Priorities

Cost Value 2,500,000

Park West Fire Station Land Acquisitions & Design Town Center Capital Project Stormwater Improvements

750,000 300,000

Northwest Site Due Diligence

Total

$3,550,000

CIP CAPITAL RESERVE FUND

2017 Actual

2018 Actual

2019 Estimated 2020 Proposed

Beginning Balance Interest Earnings

$ $ $ $ $

-

$ $ $ $ $

200,798

$ $ $ $ $

404,264

$ $ $ $ $

4,278,769

798

3,466

4,505

-

Transfer in from General Fund Transfer out to General Fund

200,000

200,000

3,870,000

200,000

-

-

-

(3,550,000)

Ending Fund Balance

200,798

404,264

4,278,769

928,769

Year Over Year % Change Total Year Over Year $s Change Total

101.3%

958.4%

$

200,798

$

203,466

$

3,874,505

79