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Park Dedication Fund <br />Cash balance has decYeased fYom last yreaY to a cuYYent balance of about $1,524,000 as of 10/30/2023. PYojects <br />planned for 2024 include play-ground replacement/addition at Lion John Weicht Park (split `vith Park <br />Improvement Fund) and trail development. <br />Park Improvement Fund <br />Funds the Yeplacement and maintenance of paYk amenities with an annual $250,000 transfeY fYom the Liquor <br />Fund. The projects identified b�J the Parks & Recreation Commission for 2024 include playground replacement at <br />Trott Brook Park and Lion John Weicht Park (split with Park Dedication Fund). <br />Pavement Management Fund/MSA <br />A franchise fee on gas and electric utilities is the primaryT 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 impYovement pYojects. The maintenance poYtion (25%) of MSA offsets the cost of the sealcoating and <br />smaller overlayT preventative maintenance projects. MnDOT's transportation funding allotment for 2024 will be <br />about $1,736,000. <br />Trunk Utility Fund <br />This fund consists of special assessment revenue from se`ver and `vater improvement projects. The funds `vill be <br />used on trunk se`ver improvement projects in lieu of having to issue bonds on future syTstem expansion / <br />improvements. The 169 Bedefine pYoject is included for 2024. <br />Funding To Be Determined <br />Capital items or projects pending revie`v that do not have an associated funding source identified. <br />Other Funds <br />Projects listed for 2024 that are associated with budgeted funds such as LibraryT, FTCenter, Liquor, Sewer, and <br />Stormwater have been reviewed during budget work sessions or alreadyT approved b�T Council. <br />Financial Impact <br />N/A <br />Mission/Policy/Goal <br />Identif�T funding to develop a sustainable and prosperous communityT. <br />Attachments <br />■ 2024-2028 Capital Improvement Plan <br />N:APublic Bodies\�lgenda Packets\11-06-2023\Final\x113 si CIP.docs <br />