Item 4.1 TNT Meeting - Final Budget, Levy & CIP
Request for
City Council Action
DEPARTMENT INFORMATION
ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE:
Administration City Administrator/Finance Director Flaherty December 11, 2023
PRESENTER(s) REVIEWED BY: ITEM #:
Administration 4.1 – 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.
X Has proactively expanded infrastructure to responsibly provide core services.
X Is committed to delivery of quality emergency service responsive to community needs and expectations in a
cost-effective manner.
X Is a social community with diverse housing, service options, and employment opportunities.
X Is a distinctive, connected community known for its beauty and natural surroundings.
AGENDA ITEM DETAILS
RECOMMENDATION:
City staff is recommending the City Council adopt resolutions adopting operating budgets, a final property tax levy, and
the capital improvement plan.
ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED?
No Yes, December 11, 2023, at 7PM
BACKGROUND/JUSTIFICATION:
The City Council and staff began the budgeting process back in May, and have met in seven 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 $9,420,452. When compared with
2023, this is an increase of 18.10%. These expenditures are funded with property taxes being the primary source of
revenue, which accounts for 67.14% of all revenues, which is comparable to 67.13% of all revenue in 2023.
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 2024 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 revenue 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 $9,772,629. The most recent information available from Wright County
shows the City’s net tax capacity increased to a total of $38,962,235 (23.49% from 2023). All of this calculates to an
estimated City tax rate of 25.082, which is down (15.18%) from the prior year rate of 29.572.
The proposed Capital Improvement Plan (CIP) covers the years 2024-2033. 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 2023-87: Adopting the 2024 Annual Operating Budgets
o Budget Summaries: General, Public Utility, Debt Service & Special Revenue Funds
•Resolution 2023-88: Setting a Final Property Tax Levy for Taxes Payable 2024
o Tax Levy Calculations
•Resolution 2023-89: Adopting the 2024-2033 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 adopt Resolution 2023-87 Adopting the 2024 Annual Operating Budgets.
Motion to adopt Resolution 2023-88 Setting a Final Property Tax Levy for Taxes Payable
2024. Motion to adopt Resolution 2023-89 Adopting the 2024-2033 Capital Improvement
Plan.
BUDGET INFORMATION
FUNDING: BUDGETED:
N/A N/A
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CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2023-87
ADOPTING THE 2024
ANNUAL OPERATING BUDGETS
WHEREAS, the Otsego City Council has on December 11, 2023, 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 2024.
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 2024 as follows:
Revenues
Property Taxes $6,324,793
Cable Franchise Fees 132,000
Licenses and Permits 1,657,040
Intergovernmental 461,984
Charges for Services 258,515
Miscellaneous 159,120
Transfers from Other Funds 427,000
Total Revenues $9,420,452
Expenditures
General Government $2,120,045
Public Safety 4,029,903
Public Works 2,035,838
Parks and Recreation 1,129,706
Economic Development 104,960
Total Expenditures $9,420,452
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2. That the following revenues and expenses (summarized) be authorized as the final budget for the operation of the
Public Utility funds for 2024 as follows:
Revenues
Operating $7,679,101
Non-Operating 3,721,630
Availability & Connection Charges 3,733,574
Special Assessments 382,206
Bond Proceeds 19,600,000
Total Revenues $35,116,511
Expenses
Operating $3,615,457
Capital Outlay 23,055,807
Depreciation 4,274,943
Debt Service 4,781,299
Transfers to Other Funds 427,000
Total Expenses $36,154,506
3. That the following revenues and expenditures (summarized) be authorized as the final budget for the operation of
the Debt Service funds for 2024 as follows:
Revenues
Property Taxes $299,144
Special Assessments 176,239
Total Revenues $475,383
Expenditures
Principal $460,000
Interest and Fiscal Agent Fee’s 99,406
Total Expenditures $559,406
4. That the following revenues and expenditures (summarized) be authorized as the final budget for the operation of
the Special Revenue funds for 2024 as follows:
Revenues
Tax Increments $532,815
Total Revenues $532,815
Expenditures
Economic Development $479,110
Total Expenditures $479,110
3
ADOPTED by the Otsego City Council this 11th day of December, 2023.
MOTION BY:
SECONDED BY:
IN FAVOR:
OPPOSED:
CITY OF OTSEGO
__________________________________
Jessica L. Stockamp, Mayor
ATTEST:
__________________________________
Audra Etzel, City Clerk
City of OtsegoGeneral Fund Budget - 2024Requested BudgetRevenue & Expenditure SummaryRequested Preliminary FinalActual Actual Year-to-Date Budget Budget Budget Budget2021 2022 2023 2023 2024 2024 2024 $ Change % ChangeRevenuesTaxes 4,592,524$ 5,023,231$ 5,231,316$ 5,354,550$ 6,511,736$ 6,385,418$ 6,324,793$ 970,243$ 18.12%Cable Franchise Fees 129,467 133,218 64,809 133,000 133,000 132,000 132,000 (1,000) -0.75%Licenses & Permits 2,529,588 2,123,810 1,485,198 1,695,523 1,658,040 1,657,640 1,657,040 (38,483) -2.27%Intergovernmental 88,037 107,731 105,040 92,300 415,962 451,984 461,984 369,684 400.52%Charges for Services 424,487 475,251 227,390 268,776 259,300 258,815 258,515 (10,261) -3.82%Special Assessments 5,732 3,963 10,389 4,400 4,400 3,800 3,800 (600) -13.64%Fines & Forfeitures 27,461 31,812 27,854 24,000 30,900 29,600 30,900 6,900 28.75%Investment Interest (46,484) (139,620) 2,702,612 76,000 106,920 106,920 106,920 30,920 40.68%Miscellaneous 18,651 18,321 32,523 7,500 17,500 17,500 17,500 10,000 133.33%Interfund Transfers 243,100 293,500 320,600 320,600 422,000 419,000 427,000 106,400 33.19%Subtotal8,012,563 8,071,216 10,207,732 7,976,649 9,559,758 9,462,677 9,420,452 1,443,803 18.10%ExpendituresGeneral Government 1,358,501 1,574,088 1,575,551 1,783,425 2,180,298 2,140,001 2,120,045 336,620 18.87%Public Safety 2,879,409 3,080,380 3,073,635 3,406,291 4,075,212 4,044,091 4,029,903 623,612 18.31%Public Works 1,287,787 1,503,870 1,619,716 1,737,828 2,054,987 2,050,793 2,035,838 298,010 17.15%Culture & Recreation 778,621 857,848 906,325 935,745 1,144,301 1,122,832 1,129,706 193,961 20.73%Economic Development 91,248 91,728 77,642 113,360 104,960 104,960 104,960 (8,400) -7.41%Interfund Transfers 2,434,846 1,266,290 - - - - - - #DIV/0!Subtotal8,830,410 8,374,204 7,252,869 7,976,649 9,559,758 9,462,677 9,420,452 1,443,803 18.10%Net Change in Fund Balance(817,848)$ (302,988)$ 2,954,863$ (1)$ -$ (0)$ (0)$ Description
City of OtsegoPublic Utility Fund Budget - 2024Revenue & Expenditure SummaryRequestedActual Actual Year-to-Date Budget Budget2021 2022 2023 2023 2024Utility RevenuesOperating 5,763,574$ 6,296,759$ 7,050,534$ 6,092,230$ 7,679,101$ Non-Operating 5,028,342 1,892,064 1,160,857 315,433 3,721,630 Availability + Connection Charges 6,347,113 6,110,796 3,840,358 3,855,100 3,733,574 Special Assessments 33,065 1,020,925 438,997 433,411 382,206 Bond Proceeds (1) (0) 16,908,335 10,245,000 19,600,000 Subtotal17,172,094 15,320,544 29,399,081 20,941,174 35,116,511 ExpendituresPersonal Services 676,750 841,537 801,427 879,286 1,175,404 Supplies 841,756 975,973 840,825 944,190 1,026,307 Services & Other Charges 3,458,894 1,487,944 1,253,546 1,261,422 1,413,746 Capital Outlay (2,055,739) 63,783 13,272,057 28,312,777 23,055,807 Depreciation 1,906,361 2,465,206 - 3,629,859 4,274,943 Debt Service 767,701 780,354 31,324,049 4,738,949 4,781,299 Interfund Transfers 384,100 293,500 320,600 469,657 427,000 Subtotal5,979,823 6,908,297 47,812,504 40,236,140 36,154,506 Excess (Deficiency) of RevenuesOver (Under) Expenditures11,192,270$ 8,412,247$ (18,413,423)$ (19,294,966)$ (1,037,995)$ Description
City of OtsegoDebt Service Fund Budget - 2024Revenue & Expenditure SummaryUnauditedActual Actual Year-to-Date Budget Budget2021 2022 2023 2023 2024RevenuesTaxes 289,551$ 547,187$ 544,416$ 544,416$ 299,144$ Special Assessments 797,337 263,594 222,744 186,238 176,239 Bond Proceeds - - - - - Subtotal1,086,888 810,781 767,160 730,654 475,383 ExpendituresPrincipal 685,000 660,000 685,000 685,000 460,000 Interest 134,762 144,431 119,406 119,406 98,406 Fiscal Agent Fee's 787 1,347 990 1,000 1,000 Subtotal820,549 805,778 805,396 805,406 559,406 Excess (Deficiency) of RevenuesOver (Under) Expenditures266,340$ 5,003$ (38,236)$ (74,752)$ (84,023)$ Description
City of OtsegoSpecial Revenue Fund Budget - 2024Revenue & Expenditure SummaryUnauditedActual Actual Year-to-Date Budget Budget2021 2022 2023 2023 2024RevenuesTax Increments 311,970 436,817 490,045 489,198 532,815 Subtotal311,970 436,817 490,045 489,198 532,815 ExpendituresPersonal Services 2,599 3,165 - 1,500 3,200 Services & Other Charges 2,535 4,074 3,651 7,500 4,500 Development Incentives 261,155 400,514 330,286 450,226 471,410 Subtotal266,289 407,752 333,937 459,226 479,110 Excess (Deficiency) of RevenuesOver (Under) Expenditures45,682$ 29,065$ 156,108$ 29,972$ 53,705$ Description
1
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2023-88
SETTING A FINAL PROPERTY
TAX LEVY FOR TAXES PAYABLE IN 2024
WHEREAS, the Otsego City Council has on December 11, 2023, 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 2024
and certify the final property tax levy to the Wright County Auditor.
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 2024 upon all taxable properties in the City of Otsego for the purpose and
sums as follows:
General Revenue $6,336,000
Tax Abatement 88,224
GO Improvement Bond, 2018A 102,144
GO Improvement Refunding Bond, 2020A 197,000
City Campus Facilities Project 783,868
Capital Improvement Plan 2,265,393
Total Tax Levy $9,772,629
ADOPTED by the Otsego City Council this 11th day of December, 2023.
MOTION BY:
SECONDED BY:
IN FAVOR:
OPPOSED:
CITY OF OTSEGO
__________________________________
Jessica L. Stockamp, Mayor
ATTEST:
__________________________________
Audra Etzel, City Clerk
City of OtsegoProperty Tax Levy CalculationsPayable 2024Revised: December 8, 2023$% $% $% $% $% $%2023 2024 Change Change 2024 Change Change 2024 Change Change 2024 Change Change 2024 Change Change 2024 Change ChangeGeneral Revenues 5,366,000 6,397,000 1,031,000 19.21% 6,336,000 970,000 18.08% 6,336,000 970,000 18.08% 6,336,000 970,000 18.08% 6,336,000 970,000 18.08% 6,336,000 970,000 18.08%Tax Abatements 74,668 91,181 16,513 22.12% 88,224 13,556 18.16% 88,224 13,556 18.16% 88,224 13,556 18.16% 88,224 13,556 18.16% 88,224 13,556 18.16%Debt ServiceSeries 2010B - - - - - - - - - - - - - Series 2018A 94,416 102,144 7,728 102,144 7,728 102,144 7,728 102,144 7,728 102,144 7,728 102,144 7,728 Series 2020A 450,000 197,000 (253,000) 197,000 (253,000) 197,000 (253,000) 197,000 (253,000) 197,000 (253,000) 197,000 (253,000) City Campus - Phase 1 - 2,766,538 2,766,538 2,486,911 2,486,911 1,758,868 1,758,868 2,486,911 2,486,911 1,758,868 1,758,868 1,758,868 1,758,868 Fund Balance Offset- (710,829) (710,829) (710,829) (710,829) (710,829) (710,829) (1,175,590) (1,175,590) (1,175,590) (1,175,590) (975,000) (975,000) Sub-total 544,416 2,354,853 1,810,437 332.55% 2,075,226 1,530,810 281.18% 1,347,183 802,767 147.45% 1,610,465 1,066,049 195.82% 882,422 338,006 62.09% 1,083,012 538,596 98.93%Capital ReservesPavement Management 1,100,000 1,000,000 (100,000) 1,000,000 (100,000) 1,000,000 (100,000) 1,000,000 (100,000) 1,000,000 (100,000) 1,000,000 (100,000) Trails Management 65,000 70,000 5,000 70,000 5,000 70,000 5,000 70,000 5,000 70,000 5,000 70,000 5,000 Parks Equipment 70,000 400,000 330,000 400,000 330,000 400,000 330,000 400,000 330,000 400,000 330,000 400,000 330,000 Capital Equipment Revolving 477,325 550,393 73,068 550,393 73,068 550,393 73,068 550,393 73,068 550,393 73,068 550,393 73,068 Fire Reserve 210,000 210,000 - 210,000 - 210,000 - 210,000 - 210,000 - 210,000 - Storm Water 38,000 40,000 2,000 - (38,000) - (38,000) - (38,000) - (38,000) - (38,000) Capital Improvements 1,349,614 - (1,349,614) - (1,349,614) - (1,349,614) - (1,349,614) - (1,349,614) - (1,349,614) City Buildings & Property 35,000 35,000 - 35,000 - 35,000 - 35,000 - 35,000 - 35,000 - Sub-total 3,344,939 2,305,393 (1,039,546) -31.08% 2,265,393 (1,079,546) -32.27% 2,265,393 (1,079,546) -32.27% 2,265,393 (1,079,546) -32.27% 2,265,393 (1,079,546) -32.27% 2,265,393 (1,079,546) -32.27%Increase / (Decrease) for Levy Model - - - - - - Grand Total 9,330,023 11,148,427 1,818,404 19.49% 10,764,843 1,434,820 15.38% 10,036,800 706,777 7.58% 10,300,082 970,059 10.40% 9,572,039 242,016 2.59% 9,772,629 442,606 4.74%Growth (%) 8.68%Tax Capacity 32,075,441 39,567,388 39,581,316 39,581,316 39,581,316 39,581,316 39,581,316 Growth (%) 27.01% 23.36% 23.40% 23.40% 23.40% 23.40% 23.40%Net Tax Capacity 31,550,432 38,946,763 38,962,235 38,962,235 38,962,235 38,962,235 38,962,235 Growth (%) 26.95% 23.44% 23.49% 23.49% 23.49% 23.49% 23.49%Tax Rate 29.572 28.625 27.629 25.760 26.436 24.567 25.082 Population 21,289 22,705 22,705 22,705 22,705 22,705 22,705 Tax Levy Per Capita 438 491 474 442 454 422 430 Description 2023 2024 Change ($) Change (%) 2024 Change ($) Change (%)2024 Change ($) Change (%) 2024 Change ($) Change (%) 2024 Change ($) Change (%) 2024 Change ($) Change (%)Median Appraised Value 328,710 403,700 74,990 22.81% 403,700 74,990 22.81% 403,700 74,990 22.81% 403,700 74,990 22.81% 403,700 74,990 22.81% 403,700 74,990 22.81%Less: MV Exclusion (7,656) (907) (907) (907) (907) (907) (907) Taxable Market Value 321,054 402,793 402,793 402,793 402,793 402,793 402,793 Tax Capacity 3,211 4,028 817 25.46% 4,028 817 25.46% 4,028 817 25.46% 4,028 817 25.46% 4,028 817 25.46% 4,028 817 25.46%Taxing Estimated Estimated Estimated Estimated Estimated Estimated EstimatedAuthority Tax Tax Change ($) Change (%) Tax Change ($) Change (%) Tax Change ($) Change (%) Tax Change ($) Change (%) Tax Change ($) Change (%) Tax Change ($) Change (%)City of Otsego 949 1,153 204 21.50% 1,113 164 17.28% 1,038 89 9.38% 1,065 116 12.22% 990 41 4.32% 1,010 61 6.43%Levy DescriptionPreliminary Tax Levy (9-25-2023) Option #1 Option #2 Option #3 Option #4 Proposed OptionY:\Budget\2024\Property Taxes\Tax Levy Calculations (2024)12-11
1
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2023-89
ADOPTING THE 2024-2033
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 2024-2033 Capital Improvement Plan, as set forth in summary, attached as Exhibit A to this Resolution is
adopted.
ADOPTED by the Otsego City Council this 11th day of December, 2023.
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 SOURCE2024 2033thruTotal2024 2025 2026 2027 2028Source2029 2030 2031 2032 2033 #201 - Pavement Management216,400216,400Street Maintenance - 2024STREET-24-011,186,0191,186,019Street Reclaim Project - 2024STREET-24-021,318,6501,318,650Mill and Overlay Project - 2024STREET-24-03509,361509,361Street Micro-Surface Project - 2024STREET-24-042,859,197309,235 348,108 318,771 292,747 354,516 322,346 293,488 356,251263,735Street Maintenance - 2025 to 2033STREET-25-012,749,597791,206 962,412 542,510453,469Street Reclaim Projects - 2025 to 2033STREET-25-0210,599,964863,008 936,859 2,042,330 2,186,925647,021 1,283,647 111,823 1,287,2681,241,083Mill and Overlay Projects - 2025 to 2033STREET-25-034,454,114532,156 408,329 299,056 213,757 642,170 304,870 314,074 1,066,549673,153Street Micro-Surface Projects - 2025 to 2033STREET-25-04201 - Pavement Management Total23,893,3023,230,430 1,704,399 2,484,502 2,660,157 2,693,429 2,606,119 2,453,373 719,385 2,710,068 2,631,440202 - Trail Management68,00068,000Trail MaintenanceTRAILS-24-01702,00070,000 72,000 74,000 76,000 78,000 80,000 82,000 84,00086,000Trail MaintenanceTRAILS-25-33345,000100,000 115,000 130,000Trail RenewalTRAILS-26-32202 - Trail Management Total1,115,00068,000 70,000 172,000 74,000 76,000 193,000 80,000 82,000 214,000 86,000203 - Park Development650,000650,000Ashwood Neighborhood ParkPARK-2024-01775,000775,000Carricks Landing River Access ImprovementsPARK-2024-0220,00020,000Prairie Park Master PlanPARK-2024-03154,170104,170 50,000Wayfinding SignagePARK-2024-04920,000920,000Land AcquisitionPARK-2024-0520,00020,000Natural Park Area ImprovementsPARK-2024-0680,00080,000River Access Improvements - Paddle PortsPARK-2025-02
Total2024 2025 2026 2027 2028Source2029 2030 2031 2032 2033 #203 - Park Development Total2,619,1702,489,170 130,000205 - Park Capital Equipment595,000595,000Park Improvements - Lily PondPARK-2025-01830,000830,000Park Improvements - Prairie ParkPARK-2026-0165,00065,000Parking Lot Improvements - School KnollPARK-2026-02500,000500,000Park Improvements - KittredgePARK-2027-01560,000560,000Park Improvements - Zimmer FarmsPARK-2028-01575,000575,000Park Improvements - Beaudry MeadowsPARK-2029-01565,000565,000Park Improvements - Frankfort ParkPARK-2031-01200,000200,000School Knoll Park Shelter RenovationPARK-2033-01205 - Park Capital Equipment Total3,890,000595,000 895,000 500,000 560,000 575,000 565,000 200,000206 - Capital Equipment Revolving70,00070,0003/4 Ton Extended Cab PickupFLEET-24-0170,00070,0003/4 Ton Extended Cab PickupFLEET-24-02320,000320,000Single Axle Dump/Plow TruckFLEET-24-03100,000100,000Water Tanker/Sprayer TruckFLEET-24-0440,82640,826Compact SUVFLEET-24-0879,88136,86843,0132025-2033 Future Fleet - Building SafetyFLEET-25-013,727,000499,500 602,500 515,500 504,500 407,500 23,500 675,000 254,000245,0002025-2033 Future Fleet - Public WorksFLEET-25-021,095,948150,000 144,314 135,000 225,306 215,124 24,057 94,229 0107,9182025-2033 Future Fleet - Parks and RecreationFLEET-25-03206 - Capital Equipment Revolving Total5,503,655600,826 649,500 746,814 650,500 729,806622,624 84,425 769,229 254,000 395,931214 - Fire Reserves1,068,750855,000 213,750Fire Station #1 - Space Needs & ArchitecturalFIRE-2024-01500,000500,000Fire Station #1 - Site GradingFIRE-2024-02543,883543,883Wildland EngineFIRE-2025-01407,542407,542Tender TruckFIRE-2025-0275,00075,000Chief Command SUVFIRE-2025-031,114,9781,114,978Rescue EngineFIRE-2026-011,758,2691,758,269Ladder TruckFIRE-2026-021,217,6351,217,635Small Tools & EquipmentFIRE-2026-05
Total2024 2025 2026 2027 2028Source2029 2030 2031 2032 2033 #35,00035,000Water Rescue BoatFIRE-2028-0135,00035,000Wildland UTVFIRE-2030-0110,00010,000Enclosed Utility TrailerFIRE-2030-0250,00050,000Utility TrailerFIRE-2030-03200,000200,000Land Acquisition - West Fire StationFIRE-2031-01100,000100,000Chief Command SUVFIRE-2033-01214 - Fire Reserves Total7,116,0571,355,000 1,240,175 4,090,882 35,000 95,000 200,000 100,000408 - Otsego Creek Watershed481,331481,331Otsego Creek Restoration ProjectSTORM-24-01408 - Otsego Creek Watershed Total481,331481,331414 - Capital Improvements51,63151,631CSAH 38 & CSAH 19 - Local ShareCSAH-2020-0458,51958,519CSAH 37 - Local ShareCSAH-2022-01350,000350,000CSAH 19 & CSAH 39 IntersectionCSAH-2024-011,000,0001,000,000CR 137 Reconstruction - Local ShareCSAH-2025-011,125,0001,125,000CSAH 36 Reconstruction - Local ShareCSAH-2027-0138,00038,000Signal Light PaintingPW-2026-0140,00040,000Signal Light PaintingPW-2028-01850,912850,912Parkway Construction - 90th StreetSTREET-25-05414 - Capital Improvements Total3,514,062460,150 1,850,912 38,000 1,125,000 40,000439 - Building & Property Maintenan20,00020,000Prairie Center - SkylightBLDG-2025-0145,00045,000City Hall - Carpet ReplacementBLDG-2025-0215,00015,000City Hall - PaintingBLDG-2025-0320,00020,000Prairie Center DoorsBLDG-2026-0160,00030,000 30,000Prairie Center WindowsBLDG-2027-0130,00030,000Public Works - Steel Access DoorsBLDG-2027-0265,00065,000Salt Shed Cover ReplacementBLDG-2031-0160,00060,000Prairie Center - Flooring ReplacementBLDG-2032-0191,00091,000Prairie Center - Roof MembraneBLDG-2033-0167,00067,000Prairie Center - HVACBLDG-2033-0260,00060,000Server System ReplacementIT-2025-01
Total2024 2025 2026 2027 2028Source2029 2030 2031 2032 2033 #20,00020,000Security 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 Total803,000140,000 20,000 110,000 30,000 150,000 70,000 65,000 60,000 158,000601 - Water Utility40,18840,188CSAH 38 & CSAH 19 - Local ShareCSAH-2020-0417,50017,5003/4 Ton Extended Cab PickupFLEET-24-0553,80953,809Portable Generator TrailerFLEET-24-07489,33222,500 183,000 120,000 20,500 32,750 25,250 25,00060,3322025-2033 Future Fleet - Public UtilitiesFLEET-25-04150,000150,000East & West Connection - Phase 1WATER-23-021,350,000950,000 400,000Well #11 - New Municipal WellWATER-24-017,100,0004,600,000 2,500,000Water Treatment - Well House #4WATER-24-02150,000150,000Well #5 ImprovementsWATER-24-031,750,000750,000 1,000,000Central Water Facility - Phase 1WATER-24-046,700,000200,000 1,500,000 1,000,000 1,000,000 1,000,000 1,000,0001,000,000Trunk WatermainWATER-24-331,235,000150,000 150,000 170,000 120,000 30,000 80,000 80,000 195,000260,000Annual Well & Equipment Inspection and ReconditionWATER-25-338,000,000800,000 6,200,000 1,000,000Water Treatment - Well House #3WATER-26-0110,000,000500,000 2,500,000 6,000,000 1,000,000Central Water Facility - Phase 2WATER-26-022,500,000400,000 2,000,000 100,000East & West Connection - Phase 2WATER-27-0122,000,000750,000 6,000,000 10,000,000 5,250,000Central Water Facility - Phase 3WATER-27-021,777,00027,000 1,750,000Water Tower #3 ReconditioningWATER-28-01200,000200,000Land Purchase - Water Tower #5WATER-29-016,000,0001,000,000 4,000,0001,000,000Central Water Facility - Phase 4WATER-32-01601 - Water Utility Total69,512,8296,911,497 7,622,500 15,433,000 20,317,000 9,240,500 262,750 1,105,250 1,080,000 5,220,000 2,320,332602 - Sanitary Sewer Utility52,50052,5003/4 Ton Extended Cab PickupFLEET-24-0540,85140,851Utility VehicleFLEET-24-0653,80953,809Portable Generator TrailerFLEET-24-071,467,99467,500 549,000 360,000 61,500 98,250 75,750 75,000180,9942025-2033 Future Fleet - Public UtilitiesFLEET-25-0419,100,00015,000,000 4,100,000West WWTF Liquids Capacity ExpansionSEWER-23-01
Total2024 2025 2026 2027 2028Source2029 2030 2031 2032 2033 #600,000600,000Sanitary Extension - Windsong to KadlerSEWER-24-013,013,00040,000 180,000 600,000 103,000 135,000 215,000 750,000 100,000 135,000755,000Lift Station Equipment & ReconditioningSEWER-24-33575,000575,000Sanitary Extensions - FutureSEWER-25-331,900,000700,000 1,200,000West WWTF - Access RoadSEWER-26-012,200,000200,000 2,000,000Lift Station - New Municipal Sanitary Lift StationSEWER-26-022,500,000250,000 2,250,000WWTF Equipment & Process ImprovementsSEWER-29-016,700,000400,000 2,000,000 4,000,000 300,000East WWTF - EL1 ExpansionSEWER-30-012,800,000200,000 2,600,000Lift Station - New Municipal Sanitary Lift StationSEWER-32-01250,000250,000West WWTF - Solids ProcessingSEWER-34-01100,000100,000Lift Station - New Municipal Sanitary Lift StationSEWER-34-02602 - Sanitary Sewer Utility Total41,353,15415,787,160 5,247,500 4,924,000 463,000 846,500 4,563,250 4,825,750 600,000 2,810,000 1,285,994Issuance of Bonds31,253,31831,253,318City Campus - Phase 1BLDG-2024-017,600,0007,600,000City Campus - Phase 2BLDG-2030-0100Fire Station #1FIRE-2025-04Issuance of Bonds Total38,853,31831,253,318 07,600,000Unfunded Projects170,775170,775Trail Construction - CSAH 42 NorthPARK-2025-03270,965270,965Trail Construction - 80th StreetPARK-2025-04175,000175,000Trail Construction - Meadows to LC ParkPARK-20XX-03900,080900,080Nadala Parkway - 90th to 85thSTREET-XX-012,000,0002,000,00085th Street - Maciver to CSAH 19STREET-XX-023,000,0003,000,000Nashua Avenue - 70th to 85thSTREET-XX-032,000,0002,000,00065th Street - Queens to CSAH 42STREET-XX-041,000,0001,000,000Randolph Avenue - E WWTF to 65thSTREET-XX-052,000,0002,000,000Maciver Avenue - 85th to CSAH 39STREET-XX-062,500,0002,500,000Quaday Avenue - CSAH 42 NorthSTREET-XX-07Unfunded Projects Total14,016,820441,74013,575,08062,636,882 19,691,726 28,804,198 25,899,657 14,251,235212,671,698GRAND TOTAL8,972,743 8,713,798 11,680,614 11,268,068 20,752,777
Total2024 2025 2026 2027 2028Source2029 2030 2031 2032 2033 #