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Park Improvement Fund <br />Funds the replacement and maintenance of park amenities with an annual $250,000 transfer from the Liquor <br />Fund. The projects identified by the Parks & Recreation Commission for 2023 include the athletic fields master <br />plan, Lions Park playground, and Woodland Trails storage garage. <br />Pavement Management Fund/MSA <br />A franchise fee on gas and electric utilities is the primary ongoing revenue source to provide long-term funding <br />for the pavement management program. Municipal State Aid (MSA) is also utilized to fund portions of various <br />street improvement projects. The maintenance portion (25%) of MSA offsets the cost of the sealcoating and <br />smaller overlay preventative maintenance projects. MnDOT's transportation funding allotment for 2023 will be <br />about $1,766,000. <br />Trunk Utility Fund <br />This fund consists of special assessment revenue from sewer and water improvement projects. The funds will be <br />used on trunk sewer improvement projects in lieu of having to issue bonds on future system expansion / <br />improvements. No projects are identified for 2023. <br />Funding Yet to be Determined <br />Capital items or projects pending review that do not have an associated funding source identified. <br />Other Funds <br />Projects listed for 2023 that are associated with budgeted funds such as FTCenter, Liquor, Sewer, and Stormwater <br />have been reviewed during budget work sessions or already approved by Council. <br />Financial Impact <br />N/A <br />Mission/Policy/Goal <br />Identify funding to develop a sustainable and prosperous community. <br />Attachments <br />■ 2023-2027 Capital Improvement Plan <br />N:APublic Bodies\Agenda Packets\ 10- 1 7-2022\ Final\ x9.4 sr CIP.docx <br />