11.3 SR 11-04-2024 - Laserfiche WebLink

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Government Building Fund Used for municipal building replacement, maintenance, landscaping, and remodeling. The facilities maintenance superintendent and department directors identify needed building improvements and update them annually. The landfill expansion fee and interest earnings are the primary funding sources. The landfill expansion fee is scheduled to expire in 2030 but is expected to end as early as 2027-2028 based on landfill capacity. The fund has covered debt service payments for the Public Works Facility since 2012 and will also cover the 2025 debt service. Projects included for 2025 include the remodeling of the administration offices at Fire Station #2 and adding key fobs to 6 doors at Fire Station #3. Two library items are also included for 2025. Library staff has been working with facilities maintenance staff to plan for carpet and shelving replacement. There will be cost savings if the two projects are done at the same time because the expense of mobilization and storage of materials will only be required once. Replacing the flooring and shelving at the same time will also limit the time the library would need to be closed. Park Dedication Fund Cash balance has decreased from last year to a current balance of about $1,025,000 as of 9/30/2024. Projects planned for 2025 include consultant fees for park development on the Jackson Street water tower property, paving the parking lot at Hillside Park, and trail development. Park Improvement Fund Funds the replacement and maintenance of park amenities with an annual $250,000 transfer from the Liquor Fund. The projects prioritized by the Parks & Recreation Commission for 2025 include replacing basketball courts at Kliever Lake Fields and Deerfield/Ridgewood, updating the Parks and Recreation Master Plan, and miscellaneous equipment replacement at several parks. Pavement Management Fund/MSA A franchise fee on gas and electric utilities is the primary revenue source for long-term funding for the Pavement Management Program. Municipal State Aid (MSA) is also utilized to fund portions of eligible street improvement projects. The maintenance portion (25%) of MSA offsets the cost of the seal coating and smaller overlay preventative maintenance projects. MnDOT's transportation funding allotment for 2025 will be about $1,771,000. Public Safety Aid In 2023, the city received a one-time payment of $1,145,601 for certain public safety expenses. Some eligible uses include: community engagement, training programs, first responder wellness, and equipment. Projects planned for 2025 include a wellness patio/furniture at the Public Safety Building and possibly the Flock Safety system. Police Department staff will provide more information about Flock Systems at the November 18th Regular Council Meeting. Trunk Utility Fund Consists of special assessment revenue from sewer and water improvement projects. The funds will be used of trunk sewer improvement projects instead of issuing bonds for future system expansion/improvements. Funding to Be Determined (TBD) Capital items or projects pending review that do not have an identified funding source. Other Funds Projects listed for 2025 that are associated with budgeted funds such as Liquor, Sewer, and Stormwater Funds have been reviewed during budget work sessions or have already been approved by the Council. Page 60 of 106