2.0. SR 09-06-2000 - Laserfiche WebLink

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Capital Outlay (CO) & Transfers Out Attachments · 8/20/00 CO Proposal for 2001 · 8/7/00 CO Proposal for 2001 · Adopted 2000 CO Plan Please note that in order to compare "apples to apples" between 2000 and 2001, the $66,600 City Hall debt transfer out should have been added to the 2001 CO page that was distributed on 8/7/00. This dollar amount was in the budget, but was omitted from the summary page. The one increase to the CO page and to the budget is the $27,500 transfer out for the ice arena operating deficit. This amount is not based on the 2001 budget, but is based on the actual deficit (excluding capital outlay) in 1999. The changes from the 8/7/00 proposal to the current proposal are related to revenues beyond what was budgeted being available in 2000. These extra funds are mainly due to city growth activities. The idea is to spend this additional revenue on requested 2001 purchases and to obtain these capital outlay items this year. The changes are highlighted in the "Purchase in 2000" column in the current capital out]ay proposal. Most of the items are coming out of the General Fund proposal, however the roadside mower is coming out of the equipment certificate proposal. In addition to the above noted changes, it is also staffs intent to fund the fire truck pumper (the replacement for Engine 3) by way of using equipment reserves. Technically this is an equipment certificate item as it would be a five-year loan, but the tax levy will be canceled each year and reserves will be used to fund this expenditure. Revenues are added to the equipment reserves on an annual basis by way of the Utilities contribution. The purchase of the fire truck will cost about $70,000 per year over five years. It should also be noted that the $43,000 expenditure from equipment reserves for pumper #1 ends in year 2002, and this was funded on a five-year purchase plan. The other approach to funding the replacement for Engine #3 is to save reserves money for four years and then purchase the truck. By making the adjustments noted on this current CO page, the city is eliminating a net amount of $42,650 in proposed capital outlay expenditures from the General Fund. Additionally, because no equipment certificates are being proposed for 2001, the city is freeing up $75,000 that was identified in the preliminary tax levy sample for capital equipment, which now can be shifted into the General Fund. This $75,000 amount was noted on the "revenues addition" page.