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4.1 2022 Budgets and Property Tax Levy Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Administration City Administrator/Finance Director Flaherty December 13, 2021 PRESENTER(s) REVIEWED BY: ITEM #: Administration 4.1 – 2022 Budgets and Property Tax Levy STRATEGIC VISION MEETS: THE CITY OF OTSEGO: X Is a strong organization that is committed to leading the community through innovative communication. Has proactively expanded infrastructure to responsibly provide core services. Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. Is a social community with diverse housing, service options, and employment opportunities. Is a distinctive, connected community known for its beauty and natural surroundings. AGENDA ITEM DETAILS RECOMMENDATION: It is recommended by staff that the City Council approve the attached resolutions: 1) Adopting the 2022 Annual Operating Budgets 2) Setting a Final Property Tax Levy for Taxes Payable 2022 3) Adopting the 2022-2031 Capital Improvement Plan ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No Yes – Held on December 13, 2021 BACKGROUND/JUSTIFICATION: The City Council and staff began the budgeting process back in May, and have met in eleven special city council meetings, which are work session settings in preparation and review of the operating budgets, property tax levy, and capital improvement plan. The proposed General fund budget is a balanced budget, with expenditures totaling $7,347,416. When compared with 2021, this is an increase of 11.13%. These expenditures are funded with property taxes being the primary source of revenue, which accounts for 68.06% of all revenues. The Public Utility budgets include the Water, Sanitary Sewer and Storm Water funds. The primary sources of revenues for these funds are from charges for services to customers of the public utilities. The expenses are comprehensive, and include operating expenses, depreciation, capital outlay, debt service and interfund transfers. The utility funds have cash flow projections which are monitored and updated multiple times per year. The rates for the charges for services to customers have been analyzed, and current recommendations for increases have been included in the budgets. The respective rates will be analyzed further when the end of the year financial information is available. Staff will make a final recommendation to the Council for the 2022 rates sometime in February, with any rate changes becoming effective with the March billing. The Debt Service Funds budget includes revenues and expenditures for each of the City’s two outstanding general obligation bond issues, not including public utility fund bond issues. The primary sources of revenues include property taxes and special assessments. These revenues along with fund balance will repay the principal and interest on the respective bond issues. The Special Revenue Funds budget includes activity for the City’s three Tax Increment Districts Funds. The expenditures within these funds are for TIF pay-as-you go note agreements. These expenditures are funded through tax increment collections. The proposed property tax levy accounts for General fund revenues, Capital fund reserves, Debt Service repayments and Tax Abatements. The total proposed levy is $8,585,005. The most recent information available from Wright County shows the City’s net tax capacity increased to a total of $24,894,227 (10.19% from 2021). All of this calculates to an estimated City tax rate of 34.486, which is down (0.48%) from the prior year rate of 34,.653. In the end, this means that any increase in the City’s portion of property taxes is driven by those respective properties increase in market value. The proposed Capital Improvement Plan (CIP) covers the years of 2022-2031. A summary of the CIP is included and is organized by funding source. Inclusion of an item within the CIP does not commit final approval by the City Council, rather it directs staff to plan towards and gather necessary information for an educated final approval on each respective item. Each individual item is planned, researched and brought back to City Council for final approval when the respective item is ready to move forward. SUPPORTING DOCUMENTS ATTACHED: • Resolution 2021-100: Adopting the 2022 Annual Operating Budgets o Budget Summaries: General, Public Utility, Debt Service & Special Revenue Funds • Resolution 2021-101: Setting a Final Property Tax Levy for Taxes Payable 2022 o Tax Levy Calculations • Resolution 2021-102: Adopting the 2022-2031 Capital Improvement Plan o Projects by Funding Source Summary POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Resolution 2021-100 Adopting the 2022 Annual Operating Budgets, to approve Resolution 2021-101 Setting a Final Property Tax Levy for Taxes Payable 2022, and to approve Resolution 2021-102 Adopting the 2022-2031 Capital Improvement Plan BUDGET INFORMATION FUNDING: BUDGETED: N/A N/A 1 CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2021-100 ADOPTING THE 2022 ANNUAL OPERATING BUDGETS WHEREAS, the Otsego City Council has on December 13, 2021, held a public meeting to allow for public comment before adopting a final budget and certifying a final property tax levy; and WHEREAS, the Otsego City Council has reviewed the proposed General, Public Utility, Debt Service and Special Revenue fund budgets and has determined the budget is adequate to fund the respective fund operations for the year 2022. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. That the following revenues and expenditures (summarized) be authorized as the final budget for the operation of the General fund for 2022 as follows: Revenues Property Taxes $5,000,506 Cable Franchise Fees 129,000 Licenses and Permits 1,510,639 Intergovernmental 87,500 Charges for Services 238,871 Miscellaneous 380,900 Total Revenues $7,347,416 Expenditures General Government $1,763,193 Public Safety 3,015,037 Public Works 1,551,450 Parks and Recreation 855,826 Economic Development 161,910 Total Expenditures $7,347,416 2 2. That the following revenues and expenses (summarized) be authorized as the final budget for the operation of the Public Utility funds for 2022 as follows: Revenues Operating $5,083,097 Non-Operating 264,933 Availability & Connection Charges 3,274,509 Special Assessments 256,251, Bond Proceeds 15,500,000 Total Revenues $24,378,790 Expenses Operating $2,719,224 Capital Outlay 19,590,375 Depreciation 2,873,134 Debt Service 3,823,167 Transfers to Other Funds 293,500 Total Expenses $29,299,400 3. That the following revenues and expenditures (summarized) be authorized as the final budget for the operation of the Debt Service funds for 2022 as follows: Revenues Property Taxes $547,187 Special Assessments 240,960 Total Revenues $788,147 Expenditures Principal $660,000 Interest and Fiscal Agent Fee’s 145,931 Total Expenditures $805,931 4. That the following revenues and expenditures (summarized) be authorized as the final budget for the operation of the Special Revenue funds for 2022 as follows: Revenues Tax Increments $421,996 Total Revenues $421,996 Expenditures Economic Development $396,365 Total Expenditures $396,365 3 ADOPTED by the Otsego City Council this 13th day of December, 2021. MOTION BY: SECONDED BY: IN FAVOR: OPPOSED: CITY OF OTSEGO __________________________________ Jessica L. Stockamp, Mayor ATTEST: __________________________________ Audra Etzel, City Clerk City of OtsegoGeneral Fund Budget ‐ 2022Requested BudgetRevenue & Expenditure SummaryRequested Preliminary FinalActual Actual Year‐to‐Date Budget Budget Budget Budget2019 2020 2021 2021 2022 2022 2022 $ Change % ChangeRevenuesTaxes 4,192,198$         4,497,724$        2,543,576$        4,646,632$        4,973,035$         4,969,835$        5,000,506$        353,874$           7.62%Cable Franchise Fees 137,510             132,137            129,467            135,000            129,000             129,000            129,000            (6,000)               ‐4.44%Licenses & Permits 1,699,879           2,532,789         2,379,991         1,200,810         1,510,639           1,510,639         1,510,639         309,829            25.80%Intergovernmental 88,328               1,396,214         1,073,073         87,500              87,500               87,500              87,500              ‐                         0.00%Charges for Services 308,290             255,598            403,271            198,915            238,871             238,871            238,871            39,956              20.09%Special Assessments 5,703                  5,434                 3,728                 3,500                 3,400                  3,400                 3,400                 (100)                   ‐2.86%Fines & Forfeitures 26,488               19,959              23,933              24,000              24,000               24,000              24,000              ‐                         0.00%Investment Interest 147,940             170,477            (79,920)             72,000              78,000               78,000              60,000              (12,000)             ‐16.67%Miscellaneous 49,309               23,984              12,099              ‐                          ‐                          ‐                         ‐                         ‐                        Interfund Transfers 171,900             201,796            ‐                         243,100            286,800             289,100            293,500            50,400              20.73%Subtotal6,827,546           9,236,110         6,489,218         6,611,457         7,331,245           7,330,345         7,347,416         735,959            11.13%ExpendituresGeneral Government 1,215,969           1,419,636         1,258,700         1,540,869         1,765,033           1,765,033         1,763,193         222,324            14.43%Public Safety 2,379,438           2,667,435         2,489,682         2,714,553         2,993,027           2,993,027         3,015,037         300,484            11.07%Public Works 1,250,720           1,204,666         1,184,431         1,429,909         1,556,316           1,556,316         1,551,450         121,541            8.50%Culture & Recreation 707,699             697,455            753,717            796,416            892,909             854,059            855,826            59,410              7.46%Economic Development 114,142             665,798            79,250              129,710            123,960             161,910            161,910            32,200              24.82%Interfund Transfers 971,726             932,244            ‐                         ‐                          ‐                          ‐                         ‐                         ‐                        Subtotal6,639,694           7,587,233         5,765,780         6,611,457         7,331,245           7,330,345         7,347,416         735,959            11.13%Net Change in Fund Balance187,852$           1,648,877$        723,438$           ‐$                         (0)$                      (0)$                      (0)$                     Description City of Otsego Public Utility Fund Budget ‐ 2022 Revenue & Expenditure Summary Requested Actual Actual Year‐to‐Date Budget Budget 2019 2020 2021 2021 2022 Utility Revenues Operating 3,746,337$        4,313,040$        5,418,809$        4,648,511$         5,083,097$        Non‐Operating 3,524,651         3,442,648         377,808              389,023              264,933             Availability + Connection Charges 4,880,689         6,363,246         6,022,926         2,292,698           3,274,509         Special Assessments 49,999               1,064,931         132,070              262,140              256,251             Bond Proceeds ‐                          (0)                        19,567,652       12,600,000         15,500,000       Subtotal 12,201,676       15,183,864       31,519,264       20,192,372         24,378,790       Expenditures Personal Services 501,257             566,816             559,587              616,500              777,497             Supplies 485,690             425,475             737,417              636,794              840,362             Services & Other Charges 2,124,774         2,192,069         2,883,772         4,620,625           1,101,365         Capital Outlay (1,083,090)        (1,091,397)        9,064,615         13,668,510         19,590,375       Depreciation 1,639,244         1,750,387         ‐                           2,469,535           2,873,134         Debt Service 785,662             478,668             11,502,319       2,779,689           3,823,167         Interfund Transfers 473,479             396,320             ‐                           384,100              293,500             Subtotal 4,927,016         4,718,337         24,747,711       25,175,753         29,299,400       Excess (Deficiency) of Revenues Over (Under) Expenditures 7,274,660$        10,465,528$      6,771,553$        (4,983,381)$        (4,920,610)$       Description  ‐  5,000,000  10,000,000  15,000,000  20,000,000  25,000,000  30,000,000  35,000,000 2019 2020 2021 2021 2022 Actual Actual Year‐to‐Date Budget Budget Expenditures Utility Revenues City of Otsego Debt Service Fund Budget ‐ 2022 Revenue & Expenditure Summary Requested Actual Actual Year‐to‐Date Budget Budget 2019 2020 2021 2021 2022 Revenues Taxes 734,293$           746,758$           374,775$            749,551$           547,187$           Special Assessments 442,600             363,481             692,921              289,391              240,960             Investment Interest (net) 185                    ‐                          ‐                           ‐                           ‐                          Bond Proceeds ‐                          3,262,200         ‐                           ‐                           ‐                          Subtotal 1,177,078         4,372,439         1,067,696         1,038,942           788,147             Expenditures Capital Outlay Principal 1,145,000         4,500,000         1,360,000         1,360,000           660,000             Interest 228,917             222,250             153,062              153,062              144,431             Fiscal Agent Fee's 2,873                 65,484               495                     2,500                  1,500                 Subtotal 1,376,790         4,787,734         1,513,557         1,515,562           805,931             Excess (Deficiency) of Revenues Over (Under) Expenditures (199,712)$          (415,295)$          (445,861)$           (476,620)$           (17,784)$            Description  ‐  500,000  1,000,000  1,500,000  2,000,000  2,500,000  3,000,000  3,500,000  4,000,000  4,500,000  5,000,000 2019 2020 2021 2021 2022 Actual Actual Year‐to‐Date Budget Budget Principal Interest Revenues City of Otsego Special Revenue Fund Budget ‐ 2022 Revenue & Expenditure Summary Requested Actual Actual Year‐to‐Date Budget Budget 2019 2020 2021 2021 2022 Revenues Property Taxes 60,816$              56,491$              22,937$               45,874$              ‐$                         Tax Increments 97,419               275,445             155,994              415,676              421,996             Investment Earnings 13,669               12,426               ‐                           ‐                           ‐                          Subtotal 171,904             344,362             178,931              461,550              421,996             Expenditures Personal Services 1,133                 1,875                 ‐                           1,500                  1,500                 Services & Other Charges 2,725                 2,950                 2,535                  7,500                  7,500                 Development Incentives 147,500             218,550             389,679              355,385              387,365             Transfer Out ‐                          ‐                          ‐                           71,648                ‐                          Subtotal 151,357             223,375             392,214              436,033              396,365             Excess (Deficiency) of Revenues Over (Under) Expenditures 20,547$              120,987$           (213,283)$           25,517$              25,631$              Description  ‐  50,000  100,000  150,000  200,000  250,000  300,000  350,000  400,000  450,000  500,000 2019 2020 2021 2021 2022 Actual Actual Year‐to‐Date Budget Budget Expenditures Revenues 1 CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2021-101 SETTING A FINAL PROPERTY TAX LEVY FOR TAXES PAYABLE IN 2022 WHEREAS, the Otsego City Council has on December 13, 2021, held a public meeting to allow for public comment before adopting a final budget and certifying a final property tax levy; and WHEREAS, the Otsego City Council is required by State Statute to establish a final property tax levy for taxes payable in 2022 and certify the final property tax levy to the Wright County Auditor; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. That a tax is hereby levied for collection in 2022 upon all taxable properties in the City of Otsego for the purpose and sums as follows: General Revenue $7,997,590 Tax Abatement 40,228 GO Improvement Bonds, 2018A 97,187 GO Improvement Bonds, 2020A 450,000 Total Tax Levy $8,585,005 ADOPTED by the Otsego City Council this 13th day of December, 2021. MOTION BY: SECONDED BY: IN FAVOR: OPPOSED: CITY OF OTSEGO __________________________________ Jessica L. Stockamp, Mayor ATTEST: ________________________________ Audra Etzel, City Clerk City of Otsego Property Tax Levy Calculations Payable 2022 Revised: December 10, 2021 $% $% 2020 2021 2022 Change Change 2022 Change Change Comment General Revenues 4,518,000        4,671,000        4,977,000        306,000          6.55% 5,009,000      338,000          7.24%Reflects Expenditure Budget Changes Tax Abatements 56,491              45,874              40,422              (5,452)             ‐11.88% 40,228            (5,646)             ‐12.31%Reflects Change in Tax Rate Debt Service Series 2010B 460,000            460,000            ‐                         (460,000)        ‐                       (460,000)        Series 2018A 91,758              94,551              97,187              2,636              97,187            2,636              Series 2020A 195,000            195,000            450,000            255,000          450,000          255,000          **NEW** ‐                         ‐                         ‐                         ‐                       ‐                       ‐                       Sub‐total 746,758            749,551            547,187            (202,364)        ‐27.00% 547,187          (202,364)        ‐27.00% Capital Reserves Pavement Management 950,000            1,050,000        1,100,000        50,000            1,100,000      50,000            Trails Management 33,000              40,000              43,000              3,000              63,000            23,000            Parks Equipment 60,000              62,000              64,000              2,000              64,000            2,000              Capital Equipment Revolving 280,000            300,000            320,000            20,000            320,000          20,000            Fire Reserve 180,000            190,000            200,000            10,000            200,000          10,000            Storm Water 32,000              34,000              36,000              2,000              36,000            2,000              Capital Improvements 318,000            661,000            1,227,396        566,396          1,175,590      514,590         Reduced to Offset General Fund Changes City Buildings & Property 20,000              25,000              30,000              5,000              30,000            5,000              Sub‐total 1,873,000        2,362,000        3,020,396        658,396          27.87% 2,988,590      626,590          26.53% Grand Total 7,194,249        7,828,425        8,585,005        756,580          9.66% 8,585,005      756,580          9.66% Growth (%) 7.22% 8.82% Net Tax Capacity 20,497,278      22,591,258      24,773,881      24,894,227   Per Wright County (11‐29‐2021) Growth (%) 10.15% 10.22% 9.66% 10.19% Tax Rate 35.099              34.653              34.653              34.486            Population 17,323              18,130              19,966              19,966            Source = U.S. Census Bureau Tax Levy Per Capita 415                   432                   430                   430                 Taxing 2020 2021 2022 2022 Authority Final Tax Rate Final Tax Rate Estimate Change TNT Change City of Otsego 35.099              34.653              34.653              0.00% 34.486            ‐0.48% Wright County 44.421              43.719              43.719              0.00% 43.564            ‐0.35% School District 34.371              31.717              31.717              0.00% 30.822            ‐2.82% School District ‐ RMV 29.961              30.598              30.598              0.00% 29.379            ‐3.98% Description 2020 2021 2022 Change 2022 Change Median Appraised Value 247,859            258,455            290,081            12.24% 290,081          12.24% Less: MV Exclusion (14,933)            (13,979)            (11,133)            (11,133)          Taxable Market Value 232,926            244,476            278,948            14.10% 278,948          14.10% Tax Capacity 2,329                2,445                2,789                2,789              2020 2021 2022 2022 Taxing Estimated Estimated Estimated Estimated Authority Tax Tax Tax Change Tax Change City of Otsego 818                   847                   967                   14.17% 962                 13.58% Wright County 1,035                1,069                1,220                14.13% 1,215              13.66% School District 801                   775                   885                   14.19% 860                 10.97% School District ‐ RMV 743                   791                   888                   12.26% 852                 7.71% Total 3,397                3,482                3,960                13.73% 3,889              11.69% Annual Increase 478                   407                 Preliminary Tax Levy (9‐27‐2021)TNT Meeting (12‐13‐2021) Levy Description The City rate is calculated by the Finance  Director. County and School District tax rates  were obtained from Wright County, and  represent the tax rate from their respective  preliminary levies and are NOT FINAL. Source = Wright County Assessor These are best estimates calculated by the  Finance Director based upon information  available at the time of presentation. These  should only be considered as estimates, and  should NOT be considered final. X:\Budget\2022\Property Taxes\Tax Levy Calculations 12‐13 1 CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2021-102 ADOPTING THE 2022-2031 CAPITAL IMPROVEMENT PLAN WHEREAS, the Otsego City Council has determined it is fiscally responsible and necessary to develop a capital improvement plan that identifies items that may require significant capital investment; and WHEREAS, the Otsego City Council has reviewed the details and estimated cost of each item included within the capital improvement plan; and WHEREAS, the Otsego City Council has identified probable funding sources for each item included within the capital improvement plan; and WHEREAS, the inclusion of an item within the capital improvement plan does not commit final approval for each respective item, rather each item will be presented to the Otsego City Council with final expenditure amounts and a detailed funding plan to gain final approval. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. That the 2022-2031 Capital Improvement Plan, as set forth in summary, attached as Exhibit A to this Resolution is adopted. 2 ADOPTED by the Otsego City Council this 13th day of December, 2021. MOTION BY: SECONDED BY: IN FAVOR: OPPOSED: CITY OF OTSEGO __________________________________ Jessica L. Stockamp, Mayor ATTEST: __________________________________ Audra Etzel, City Clerk Capital Improvement PlanCity of Otsego, MinnesotaPROJECTS BY FUNDING SOURCE2022 2031thruTotal2022 2023 2024 2025 2026Source2027 2028 2029 2030 2031 #201 - Pavement Management984,422984,422Street Maintenance - 2022STREET-22-01895,304895,304Renewal - Walesch EstatesSTREET-22-029,090,4961,248,132 876,784 1,039,173 1,013,457 1,427,372 811,196 748,596 835,7421,090,044Street Maintenance - 2023 to 2031STREET-23-015,890,762654,226 595,284 79,718 754,956 523,147 75,444 2,125,579 450,812631,596Street Renewals - 2023 to 2031STREET-23-02201 - Pavement Management Total16,860,9841,879,726 1,902,358 1,472,068 1,118,891 1,768,413 1,950,519 886,640 2,874,175 1,286,554 1,721,640202 - Trail Management64,00064,000Trail MaintenanceTRAILS-22-0160,00060,000Trail Renewal - Carrick's LandingTRAILS-22-02621,00065,000 66,000 67,000 68,000 69,000 70,000 71,000 72,00073,000Trail MaintenanceTRAILS-23-31300,000100,000 100,000100,000Trail RenewalTRAILS-25-31202 - Trail Management Total1,045,000124,000 65,000 66,000 167,00068,000 69,000 170,000 71,000 72,000 173,000203 - Park Development130,000130,000River Access ImprovementsPARK-2021-04403,215183,215 220,000Athletic Field Improvements - Prairie ParkPARK-2021-0523,00023,000Prairie Park Master PlanPARK-2022-01920,000920,000Land AcquisitionPARK-2022-02129,65029,650 50,000 50,000Wayfinding SignagePARK-2022-03260,00010,000 250,000Ashwood Neighborhood ParkPARK-2023-0117,00017,000Riverpointe - Natural Park AreaPARK-2024-0160,00060,000Feasibility Study for Community CenterPARK-2025-01100,000100,000Pickleball Courts LightingPARK-2031-01203 - Park Development Total2,042,8651,285,865 280,000 317,000 60,000100,000 Total2022 2023 2024 2025 2026Source2027 2028 2029 2030 2031 #205 - Park Capital Equipment425,00025,000 400,000Park Improvements - School Knoll ParkPARK-2022-04180,000180,000Soccer Field Lighting - Lehrke ComplexPARK-2023-02240,000240,000Playground Improvements - Prairie ParkPARK-2024-02102,000102,000Playground Improvements - Lily PondPARK-2029-01108,000108,000Playground Improvements - KittredgePARK-2031-02108,120108,120Playground Improvements - LefebvrePARK-2031-03423,150423,150Playground Replacement - Future (2036-2042)PARK-2031-04205 - Park Capital Equipment Total1,586,27025,000 580,000 240,000 102,000 639,270206 - Capital Equipment Revolving225,000225,000Tanker TruckFLEET-22-0114,00014,000Skid Loader TrailerFLEET-22-0218,20018,200Traffic Management Sign TrailerFLEET-22-0356,00056,0001 Ton Crewcab PickupFLEET-22-0425,00025,000Asphalt MillFLEET-22-0535,00035,0001/2 Ton Extended Cab PickupFLEET-22-0630,60030,600Compact SUVFLEET-22-0743,18043,1803/4 Ton Extended Cab PickupFLEET-22-085,117,775732,713 479,507 672,435 1,129,563 500,828 330,149 452,096 143,607676,8772023-2031 Future Fleet PurchasesFLEET-23-31206 - Capital Equipment Revolving Total5,564,755446,980 732,713 479,507 672,435 1,129,563500,828 330,149 452,096 143,607 676,877414 - Capital Improvements50,00050,000City Entrance SignageBLDG-2022-05254,523254,523CSAH 38 & CSAH 19 - Local ShareCSAH-2020-04386,716386,716CSAH 39 & CSAH 42 - Local ShareCSAH-2020-0587,33887,338CSAH 37 - Local ShareCSAH-2022-01625,000625,000CR 137 - Local ShareCSAH-2024-01350,000350,000CSAH 19 & CSAH 39 IntersectionCSAH-2024-02330,000330,000TH 101 - Left Turn SignalsPW-2022-0150,00050,000CSAH 38 - Turn Lanes - Martin Farms Ave.PW-2023-0138,00038,000Signal Light PaintingPW-2026-0140,00040,000Signal Light PaintingPW-2028-01 Total2022 2023 2024 2025 2026Source2027 2028 2029 2030 2031 #414 - Capital Improvements Total2,211,5771,108,577 50,000 975,000 38,000 40,000439 - Building & Property Maintenan38,36338,363City Hall - Carpet ReplacementBLDG-2022-0116,53816,538City Hall - Window FilmBLDG-2022-0216,0008,000 8,000Prairie Center DoorsBLDG-2022-0320,00020,000City Hall - PaintingBLDG-2022-0430,00010,000 10,000 10,000Prairie Center WindowsBLDG-2023-024,0004,000Prairie Center - SkylightBLDG-2023-0320,00020,000Prairie Center - Carpet ReplacementBLDG-2030-0250,00050,000Salt Shed Cover ReplacementBLDG-2030-0360,00060,000Server System ReplacementIT-2025-0120,00020,000Security Camera SystemsIT-2027-0130,00030,000Automated Entry & Security SystemsIT-2027-02150,000150,000Audio/Visual Systems - Council ChambersIT-2029-0170,00070,000Server System ReplacementIT-2030-019 - Building & Property Maintenance Total524,90182,901 22,000 10,000 70,000 50,000 150,000 140,000601 - Water Utility80,37580,375CSAH 38 & CSAH 19 - Local ShareCSAH-2020-042,000,0002,000,000Water Tower #4WATER-21-0160,00060,000Well #2 ImprovementsWATER-22-01220,000220,000Well Field Study - Wells No. 11-14WATER-22-023,450,000200,000 3,250,000East & West Connection - Phase 1WATER-23-011,430,000130,000 1,300,000Well #10 - New Municipal WellWATER-23-0270,00070,000Well #6 ImprovementsWATER-24-01120,000120,000Well #8 ImprovementsWATER-25-01350,000350,000Wells No. 11-14 - Site AcquisitionWATER-25-0270,00070,000Well #5 ImprovementsWATER-26-01850,000850,000Water Treatment - Site AcquisitionWATER-26-021,800,000100,000 1,700,000East & West Connection - Phase 2WATER-26-0330,00030,000Well #9 ImprovementsWATER-26-0470,00070,000Well #4 ImprovementsWATER-27-011,777,00027,000 1,750,000Water Tower #3 ReconditioningWATER-28-01120,000120,000Well #3 ImprovementsWATER-28-023,000,000300,000 2,700,000Water Treatment - Well House #4WATER-28-03 Total2022 2023 2024 2025 2026Source2027 2028 2029 2030 2031 #9,000,000900,000 8,100,000Water Treatment - Well House #2WATER-28-0470,00070,000Well #7 ImprovementsWATER-29-013,000,000300,000 2,700,000Water Treatment - Well House #3WATER-29-029,000,000900,000 8,100,000Water Treatment - Well House #1WATER-29-0370,00070,000Well #9 ImprovementsWATER-30-012,400,0002,400,000East & West System Trunk WatermainWATER-31-01601 - Water Utility Total39,037,3752,690,375 4,550,000 70,000 570,000 2,650,000 1,297,000 13,870,000 10,870,000 70,000 2,400,000602 - Sanitary Sewer Utility500,000500,000East WWTF - Dewatering & Chemical StabilizationSEWER-20-0137,000,00015,000,000 20,000,000 2,000,000West WWTF Liquids Capacity ExpansionSEWER-22-011,500,000500,000 1,000,000West WWTF - Access RoadSEWER-22-02120,000120,000Lift Station #2 ImprovementsSEWER-22-031,500,000100,000 1,400,000New Lift StationSEWER-24-01500,000500,000Lift Station #4 ImprovementsSEWER-26-01500,000500,000Lift Station #3 ImprovementsSEWER-28-011,500,000100,000 1,400,000New Lift StationSEWER-29-01500,000500,000Lift Station #1 ImprovementsSEWER-30-01750,000750,000East WWTF - Ditch #3 EquipmentSEWER-31-01602 - Sanitary Sewer Utility Total44,370,00016,120,000 20,100,000 3,400,000 1,500,000 600,000 1,400,000 500,000 750,00023,763,424 28,282,071 7,029,575 2,658,326 7,153,976113,243,727GRAND TOTAL3,867,347 15,896,789 15,919,271 2,212,161 6,460,787