10.2. SR 10-07-2013 - Laserfiche WebLink

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City of Elk=' Request for Action River To Item Number Mayor and City Council 10.2 Agenda Section Meeting Date Prepared by Worksession October 7, 2013 Tim Simon, Finance Director Item Description Reviewed by 2014 Capital Improvement Plan Cal Portner, City Administrator Reviewed by Action Requested Continue 2014-2018 Capital Improvement Plan (CIP) discussion. Background/Discussion On August 12, 2013,we reviewed the 2014-2018 equipment purchase requests with the Fleet Committee. City Engineer Justin Femrite will present the infrastructure improvement funds and Information Technology Manager Bob Pearson will present the technology needs for the next five years. Pavement Management Fund The fund was created in 2013 to provide long-term funding for our pavement management program. The franchise fee collected is the primary revenue source outside of the state-aid portions of the related construction projects. We have just started collecting the franchise fee and the revenue estimates will be updated upon a few months of collections. The city engineer will review the 2015 &2017 projects. Municipal State Aid The city engineer will review the future Municipal State Aid (MSA) allocations and estimates and how they are tied into the Pavement Management Fund. These funds will fund a portion of future street projects in 2015 and 2017. The maintenance (sealcoat) portion goes into the Pavement Management Fund to offset the cost of the sealcoating expenditure for street maintenance. Trunk Utilities Fund The city maintains a Trunk Utilities Fund made up of special assessment revenue from water and sewer improvement projects. The funds are to be used on certain trunk water and sewer expansion / improvement projects. The funds may be used only for trunk connections and improvements in the area for which the assessments were collected,unless there is no further need in the existing area, then they can be used in another area. These funds would be used in lieu of having to issue bonds on future expansions of the systems and waiting for future revenues to repay the bonds. As part of the sewer expansion plan,we anticipated using a portion to fund the sewer expansion which is a result of increased capacity. P a w E A E U a r NaA f RE]