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Park Improvement Fund <br />Funds the replacement and maintenance of park amenities Nvith 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 binding <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 binding 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 biture 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 binding source identified. <br />Other Funds <br />Projects listed for 2023 that are associated with budgeted binds such as FTCenter, Liquor, Sewer, and Storm-�vater <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 binding to develop a sustainable and prosperous community. <br />Attachments <br />■ 2023-2027 Capital Improvement Plan <br />N:\Pubhc Bodies\ Agenda Packets\ 11-07-'0"\Final\x10.1 sr CIP.docx <br />