AgdaPkt 2013-04-22 - Laserfiche WebLink

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8.B. - Page 2 This debt service charge is significantly reduced from previous years and the remaining bond is scheduled to be paid off in 2017. Projected revenue, less debt service and less transfer to the Gas Tax Construction Fund leaves an available balance of $8.4 Million in FY 2013-14 for programming from the UUT. Together, with an existing fund balance of $3.0 Million, results in $11.5 Million available for programming. The Capital Project Fund replaces and upgrades the city's infrastructure and public facilities. CIP projects and programs proposed to receive Capital Project Fund funding are reviewed by the Department Directors and the City Manager, and are evaluated based on their potential to: • Support City Council Strategic Initiatives: o Community Building and Communication o Economic Development o Government Operations o Public Safety o Transportation o Youth • Save or reduce operating costs • Increase workflow efficiency through consolidation or standardization • Extend the useful life of infrastructure with minimal investment • Enhance public health, life, and safety, or if required by mandate 2. Gas Tax Construction Fund — Transportation (Measure A) Fund - Grants and Fees Fund Traffic calming, roadway management, pedestrian/bicycle safety, and local and regional transportation planning efforts are all supported by these funding sources. The Grants and Fees Funds is funded in part by Traffic Impact Fees that are generated by new residential and commercial development. These funds total $3.7 Million ($1.2 Million Gas Tax Construction Fund, $1.2 Million Transportation Fund, $1.3 Million Gas and Fees Fund) respectively. 3. Enterprise Funds: Water Improvement Fund (WIF) and Sewer Improvement Fund (SIF) Upgrading and replacing undersized and deteriorated infrastructure is an essential core service, necessary for long term viability of water and sewer systems. The City funds the reconstruction and replacement of water and sewer facilities through these enterprise funds. These programs are essential for service reliability, including disaster preparedness and response. Funds are appropriated from fees collected from rate payers specifically for these improvements. Water Improvement Funds programmed in FY 2013-14 total $6.0 Million. Sewer Improvement Funds programmed in FY 2013-14 total $6.2 Million. This is a significant increase in water and sewer fund programs and is made possible by a higher available fund reserve and a deferred payment to SBSA for sewer CIP projects.