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continuously evaluated, based on costs and benefits over the next several years, to determine <br />the optimal tune to replace vehicles. <br />The City's fleet committee is actively involved in the long-range planning of the replacement <br />of the City's fleet and financial condition of the equipment replacement fund. Mark <br />Thompson is the current chair of the committee. <br />Trunk Utilities (Exhibit H) <br />The City maintains a trunk utility fund made up of special assessment revenue from water <br />and sewer improvement projects. The funds axe to be spent on certain trunk water and <br />sewer expansion/improvement projects. The funds may be used only fox trunk connections <br />and improvements in the area fox which the assessments were collected, unless there is no <br />further need in the existing area, they can be used in another area. These funds would be <br />used in lieu of having to issue bonds on future expansions. The attached exhibit breaks the <br />funds out by area. <br />Surface Water Management Fund (Exhibit I) <br />The fund is used fox storm water improvements in the City. The primary funding source is a <br />tax levy and impact fees. The MS4 requirements have been programmed into this fund. <br />Development Fund <br />The City's development fund currently has a cash balance of $364,300. This fund has been <br />used for development purposes (Northstar Business Paxk) in prior years and it was identified <br />to fund the Focused Axea Study environmental review and preliminary engineering for phase <br />I. The primary revenues axe any conduit bonding administrative fees and the tax abatement <br />repayments for economic development projects. <br />Capital Outlay Reserve Fund <br />This fund has no revenue stream other than interest income and donations. The fund has <br />been used to purchase the LETG police software and the IT vittualization equipment, fund <br />a portion of the library, and capital equipment. The undesignated cash balance as of <br />12/31/2010 is $1,134,780. Many 2011 capital outlay purchases were held in reserve pending <br />the LGA allocation, with this funding source as the backup. The total of those is $196,400. <br />In addition, we have the phone system replacement ($150,000) in 2013 and the vixtualization <br />refresh ($70,000) in 2015. This leaves a balance of approximately $718,380 to fund future <br />equipment and fixture needs. <br />C:\Users\jmiller\AppUata\Local\Microsoft\Windows\Temporary Internet Files\Low\Content.IES\SYEINSER\CPFmds[1].doc <br />