10.1. SR 11-07-2016 - Laserfiche WebLink

Home Browse Search

Capital Outlay Reserve Fund Funded only by interest income and donations, this fund has been used for the purchase and replacement of IT hardware/software and miscellaneous capital outlay items. The undesignated cash balance as of 10/31/16 is $540,000. With funding the 2017 capital outlay items of$220,500 ($236,100 less $15,600 election equipment) the remaining balance of$319,500 in this fund will be insufficient to cover the 2018- 2021 technology replacements of$672,000. In addition,we receive cable franchise revenues from the Cable Commission to be used for technology and Council Chamber-related projects. The election equipment payment of$15,600 to Sherburne County for the next four years will be funded out of these revenues. Equipment Replacement Fund The 2017-2021 equipment purchase requests were reviewed with the Fleet Committee on August 15, 2016. Other Items The city and ERMU share a wellness room for its employees. A wellness room committee, chaired by Captain Darren McKernan,has provided recommendations on various replacements with the goal of increased room usage and ease of use that provides a full range of workouts. ERMU will provide half of the funding and the city contribution will come out of the Capital Outlay Reserve Fund. The public safety departments will need to replace their portable radios in the next couple of years, and absent any grant funding, this will be a significant expenditure. It will be proposed that any surplus beyond our reserve requirement at year-end be set aside for these replacements in the next few years as they are added to future CIP updates. Financial Impact N/A Attachments ■ 2017-2021 Capital Improvement Plan worksheets N:APublic Bodies\Agenda Packets\11-07-2016\Final\x10.1 sr CIP 2017-2021.docx