FY2021 Budget

road deterioration before it occurs. These funds are spent in correlation with information received from a bi-annual pavement condition report.

The Sidewalk/Pedestrian Enhancements Capital Project Fund was established in FY 2018 to accumulate prior year allocations, more effectively reconcile the expenditures and offsetting revenues, and demonstrate commitment to utilizing allocations for their intended purpose. Town staff has initiated design and cost estimates for filling sidewalk gaps in the existing sidewalk network that will not be filled through NCDOT roadwork. That work is in progress. No allocation is proposed for FY 2021 until a master funding plan/program can be developed that will guide future allocation needs. Approximately $320,000 (excluding interest) remains available in this fund for design costs and future construction. • Smart Shuttle ($502,000): A node based, on-demand, shared shuttle service that will address public transportation goals within and around Morrisville. Costs include development of the technology backbone to support placement of requests for service and related capital and infrastructure costs and annual operating costs. The town has been awarded a Wake Transit Community Funding Agreement (CFA) grant to offset one-half of these annual costs. • Vehicle Replacements ($440,000): Replacement of five police vehicles and the Public Works heavy duty dump truck. Hybrid police vehicles will be purchased. An additional $243,000 in scheduled vehicle replacements has been deferred. • Bond Referendum Costs ($301,500): 8 Financial advisory, bond counsel, Local Government Commission and credit rating fees related to the future bond referendum. Costs also include ballot and community engagement costs and will be captured in the Debt Service Fund. • New Vehicles ($272,000): 8 Fully equipped police vehicles related to establishment of the Morrisville Police Department Traffic Unit. • Space Needs/Facility Renovations ($250,000): 8 Projected costs for interior and/or exterior renovations needed to develop future staff space in various town owned buildings, including Town Hall, PSMS and Old Fire Station #1. Current space is not adequate for staff, training, or meeting space needs. Significant (> $250,000), non-personnel appropriations of operational budget capacity in the proposed budget for FY 2021 are provided below.

Other non-routine items are more fully described in the Budget Priorities S ummary . Many of these items relate to a need to refurbish, replace, or repair/maintain existing assets and equipment necessary for programs and services. FY 2021 proposed operating budget

8 As part of budget adoption, Town Council elected to defer the Bond Referendum cost to November 2021, removed new vehicles resulting from changes to new positions and the space needs/facility renovations was reduced to $50,000 to balance the budget.

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