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Government Building Fund <br /> This fund covers building construction and maintenance,landscaping,and remodeling projects for <br /> municipal buildings. Building Maintenance Supervisor Gary Lore,in working with other department <br /> heads,has estimated the replacement/repairs over the next 20 years. These numbers are estimates only <br /> and will be updated annually. We will walk through the projects and reserve standards that are set-up in <br /> case of emergency repairs/replacements. The primary funding source aside from interest earnings is the <br /> expansion fee. <br /> One project that will need to be prioritized over the next few years is the clubhouse at Pinewood. Parks <br /> and Recreation Director Michael Hecker and Golf Course Superintendent Paul Anderson will be available <br /> to answer any questions. <br /> 2013 projects include: <br /> Fire Station#1 —roof replacements ($104,050) <br /> Fire Station#1 furnace ($5,200) and water heater replacement ($7,000) <br /> Lion's Park modification for warming house ($7,000) <br /> Sealcoating-municipal buildings ($10,000) <br /> Park Improvement Fund <br /> The Park Improvement Fund was created to provide a funding source for replacement and further build <br /> out/repairs of our current parks/trails. The current funding source is an annual transfer from the <br /> Municipal Liquor Store Fund based on a percentage (20%) of profits after approved transfers. This <br /> equals about$100,000 per year. Michael Hecker and Park Maintenance Supervisor Rodney Schreifels <br /> recently reviewed and prioritized the number of park replacement and maintenance items including trail <br /> repairs and replacements. You will notice the prioritization based on the numbers 1 (highest) and 6 <br /> (lowest). <br /> I have also attached a cash flow analysis based on two different funding levels. You will notice at the end <br /> of 2012 a cash balance exists. The reason for the balance is due to a few replacements not being done in <br /> 2012,but reprioritizing to carry funds over to work on the Orono Park playground replacement in 2013. <br /> Michael will review in detail the 2013 projects at the meeting based on certain funding levels. <br /> ATTACHMENTS <br /> • Trunk Utilities Fund (2013-2017) <br /> • Government Building Fund (2013-2034) <br /> • Park Improvement Fund (2013-2017) <br /> Action Motion by Second by Vote <br /> Follow Up <br /> N:\Public Bodies\City Council\Finance\Tim\2012\CIPstaffreport1113.docx <br />