10.2. SR 11-05-2018 - Laserfiche WebLink

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Government Building Fund Used for municipal building construction/maintenance,landscaping, and remodeling. The building maintenance supervisor and department directors identify needed building improvements. The CIP covers the next five years and these estimates are updated annually. The landfill expansion fee and interest earnings are the primary funding sources. The fund covers a portion of the public safety building debt service and the public works building debt service payments. Equipment Replacement Fund Established to provide funding for the planned replacement of vehicles and wheeled equipment. The majority of funding is provided through annual General Fund department charges and Local Government Aid (LGA). Department charges are based on the amortization of their respective equipment and updated annually. In 2018, the Fleet Committee changed the evaluation criteria in the replacement of vehicles and equipment. Not only are vehicles/equipment based on age,but evaluations also now take into account miles/hours,maintenance costs, and usage type. The 2019-2023 vehicle/equipment purchase requests were reviewed and recommended by the Fleet Committee. GRE Reserve Fund Undedicated funds from an annual payment for hosting the RDF plant based on the annual municipal solid waste processed. With the uncertainty of continued operations, the cash forecast no longer assumes receipt of this payment. The Council identified this fund to provide the resources to implement the wayfinding master plan over a three-year period starting in 2018. Capital Outlay Reserve Fund Funded 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 10/31/18 is about$457,000. With funding the total technology upgrades of$466,450 and permit/plant review software of$80,000, funds will be insufficient to cover the 2019-2023 technology capital items of$546,450. In addition, the Cable Commission disperses Cable Franchise Fee revenues for broadcast technology and Council Chamber-related projects. The Chamber upgrades of$20,000 and election equipment payment of $15,600 to Sherburne County for the next two years are funded here. Other Items 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 that will need an identified funding source. Financial Impact N/A Attachments 0 2019-2023 Capital Improvement Plan Worksheets