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earnings are the primary funding sources. The fund covers the public works building debt service <br /> payments,which will gradually transition to the tax levy. <br /> GRE Reserve Fund <br /> Undedicated funds,in which final payment was received in 2019, for hosting the RDF plant based on the <br /> annual municipal solid waste processed. The Council identified this fund to provide the resources to <br /> implement the Wayfinding Master Plan over a three-year period starting in 2018 with completion slated for <br /> 2020. This fund will be utilized for the portable radio upgrade for police and fire in 2021 and provide for <br /> internal loan financing for the leased space in the multi-purpose facility and fire engine #3. <br /> Pavement Management Fund <br /> Created in 2013, a gas and electric franchise fee is the primary ongoing revenue source to provide long- <br /> term funding for the pavement management program. Municipal State Aid (MSA) is also utilized to fund <br /> portions of various street improvement projects. The maintenance portion (25%) of MSA goes into the <br /> fund to offset the cost of the sealcoating and smaller overlay preventative maintenance projects. The <br /> public works director will review the MSA funding and related street projects. <br /> Street/Capital Improvement Fund <br /> Covers street and infrastructure improvements not included in the Pavement Management Fund. Special <br /> assessment repayments were the main funding source,which will end in 2023 since we no longer assess <br /> for street improvement projects. Project financing will include the transportation study and a portion of <br /> the Hwy 169 frontage/backage road improvements. <br /> Trunk Utilities Fund <br /> This fund consists of special assessment revenue from water and sewer improvement projects. The funds <br /> will be used on trunk water and sewer improvement projects in the area for which the assessments were <br /> collected, unless there is no further need in the existing area which can then be used in another area. <br /> These funds would be used in lieu of having to issue bonds on future system expansion/improvements. <br /> Park Dedication Fund <br /> Recent plat development activity has increased fund revenues to a cash balance of$431,646 as of <br /> 10/31/19. The TH10 trail extension from Gary St. to Morton Ave.is planned along with a federal grant. <br /> By law, funds may only be utilized for new park amenities, not replacement or repair. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ 2020-2024 Capital Improvement Plan Worksheets <br />