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<br />2000 Budget <br />July 21, 1999 <br />Pal!'e 10 <br /> <br />. <br /> <br />SPECIAL LEVY AND SPECIAL REVENUE BUDGETS <br /> <br />Outside the general fund, the city has a number of budgets that are special <br />levy or special revenue budgets. These budgets are as follows: <br /> <br />. Library <br />. Surface Water Management (SWM) <br />. Special Assessments <br />. Ice Arena <br />. Equipment Certificates <br />. Equipment Reserves <br />.HRA <br />. EDA <br />. Landfill <br /> <br />Most of these budgets are very straightforward and will be discussed at the <br />7/26 worksession. Three budgets that need a little more discussion are the <br />equipment certificate/reserve budgets and the ice arena budget. <br /> <br />. <br /> <br />EauiTJment Certificates <br />Attached for your information is a 2000 capital outlay page. This page <br />indicates which capital outlay expenses are proposed for the general fund and <br />included within the departmental budgets and which expenditures are <br />proposed for equipment certificates (which functions as a three or five year <br />loan repayment plan) and which capital outlay items are scheduled to be <br />funded out of equipment reserves. The proposed amounts in each category <br />are close to the year 2000 CIP that was discussed last month. The equipment <br />certificate program (tax levy issue) is proposed to increase by $53,000 to <br />$215,000. Overall the total is approximately $523,000 range, while the <br />projection was $500,000 in the CIP. <br /> <br />. <br /> <br />It should be noted that the requests were higher than this level and it is <br />believed that we can get by with the attached proposal mainly because the <br />fire department aerial platform ladder truck bond is ending in 2000. This <br />will free up almost $72,000 in annual tax levy funds for future fire <br />department acquisitions. This funding will be needed in order to meet the <br />fire department projections that include a $250,000 pumper in 2002, and a <br />$365,000 pumper in 2005. If we had to incorporate these expenses into a five <br />year plan the capital outlay program would require funds to be put away in <br />reserve for these future expenditures and this does not seem reasonable given <br />the current requested levels. Accordingly, staff is planning to use the freed <br />up aerial platform ladder truck funds for fire department needs in the future. <br />