Laserfiche WebLink
CIP FINANCES <br /> <br />4~97 <br /> <br />CAPITAL OUTLAY (EQUIPMENT AND INFRASTRUCTURE) RESERVES <br /> <br />This fund was originally established by the City Council through the <br />designation of available General Fund monies and the defeasing of a special <br />assessment bond. Additional revenues are very limited. Typical use of these <br />funds is for smaller equipment items. <br /> <br />Streets Department <br />Utilities Contribution <br />Parks Department <br />Trails <br />Ice Arena <br />Major Equipment Repair & Maintenance <br />Elections <br />Undesignated <br /> <br />$ 46 000 <br /> 39 200 <br /> 33 700 <br /> 19 400 <br /> 20 000 <br /> 70 300 <br /> 5 500 <br /> 48 000 <br /> <br />$282,100 <br /> <br />The Council may note that the Audit shows a different amount of money <br />available in this Capital Outlay Reserve. This is because the above figures <br />have been adjusted based on funds being previously committed to projects by <br />the Council, some early 1997 revenues and due to the planned expenditures <br />as listed in the 1997 budget. Additionally it should be noted that $20,000 of <br />the Utility Reserve is for mobile computers for police vehicles(S20,000 more is <br />scheduled from 1997 revenues) and the Election Reserve is for a ballot <br />counter machine. The Major Equipment Repair and Maintenance category <br />eases the pressure on the General Fund budget when unexpected major <br />expenditures and emergencies take place. <br /> <br />Page 8 of 16 <br /> <br /> <br />