CAPITAL IMPROVEMENTS FUND 2010 2011 2012 2012 2013 ACCT # DESCRIPTION Actual Actual Orig Budget Final Budget Budget GREENSTONE BRIDGES & WALLS RESTORATION (WAS STRUCTURE STABLIZATION FUND) Revenues; 39-333-500 DONATIONS/BEQUESTS FOR BRIDGES - - 15,000 - 39-333-720 FED GRANT REV- BRIDGE RESTORATION - 15,086 168,500 259,914 - 39-333-721 STATE HISTORICAL FUND GRANT-BRIDGES - 162,966 246,372 129,307 - 39-391-321 TRANSFER FROM STRUCT STAB (pledged) - 106,629 - - SUBTOTAL-REVENUE FOR BRIDGES 284,681 414,872 404,221 - Expenditures: 39-497-810 CANON/PARK AVE BRIDGE RESTORATION - 82,753 414,872 587,520 - SUBTOTAL-EXP FOR BRIDGES $ 82,753 $ 414,872 $ 587,520 Carry over from previous year $ - $ 201,927 $ 201,927 $ 18,628 End of Year Bridges Balance $ - $ 201,927 $ 201,927 $ 18,628 $ 18,628 57 of 77
NOTES TO CAPITAL IMPROVEMENTS FUND DEBT/LEASE COMMITMENTS: The <strong>city</strong> has purchased, or is in the process of purchasing, equipment through the use of lease purchase agreements as follows: a A lease/purchase agreement with Municipal Services Group for the following equipment: Fire Department - 2 trail motorcycles @ $11,975; Public Services - a 1 ton truck with snow plow and sander @ $38,147.63, a 1/2 ton pick up @ $28,7000, a 48" 21 gp riding mower @ $10,918, a 1 ton 4x4 dump bed truck @ $28,677; Police Department -3 Ford Explorers equipped at $102,882 , 7 radios @ $20,142.43; Aquatics Department - a handi-cap access chair @ $7,000 and replacement of the hot tub@$9023.00 Pro Pool chair lift@$4,848.70. Financing for this equipment list totaling $256,091 with interest rate of 4.12% over 5 years, with annual payment of $55,490. This lease/purchase program combines department requests from FY2009, which was not completed, and FY2010. Last payment: 3/18/14. b A lease purchase for FY2011 that was actually completed in 2012, for 5 years, with $4,931 transaction fee in 1st year with Municipal Services Group, for Police- 1 patrol vehicle @ $34,511; Parking Enforcement - 1 patrol vehicle @ $16,599; Finance Department - accounting software package @ $97,235; Public Services - 1 4x4 utility vehicle @ $23,980(40% allocated to public works); Information Services - 3 server replacements at $90,000-dropped from lease purchase due to purchasing before financing agreement and due to FCC federal mandate, to comply with narrow banding, this amount was backfilled with $45,000-2 repeaters, 50 pagers, 1 bass radio, 1 tone remote adaptor, 10 handheld radios and installation of programming by Centracom Systems, at an interest rate of 2.10% with annual payment of $40,698. Last payment : 3/1/16. c A lease purchase for FY2012 completed on November 6, 2012 for $316,594, one vehicle for code enforcement for $25,000; 1 patrol vehicle at $36,750 for the police department; 2 cardiac monitor @ $42,000 for the fire department; and 1 60", 24 hp riding mower at $15,000 for public services, 2 4X4 extended cab/snow plow trucks at $37,000/vehicle ($74,000), 700/800 MHz radios for fire department at $123,844, for 5 years, at an interest rate of 1.725%, with annual payment of $65,503. Last payment: 11/6/16.(Mobile Data Terminals for the police dept at $50,000 were originally included in this lease purchase but will be donated to the department, instead.) A visual summary of all lease/purchase commitments and proposed lease/purchase agreements are as follows: a b c d year 2010 60,421 = 60,421 2011 55,490 = 55,490 2012 55,490 46,968 65,503 = 167,961 2013 55,490 40,698 65,503 26,087 = 187,778 2014 55,490 40,698 65,503 26,087 = 187,778 2015 40,698 65,503 26,087 = 132,288 2016 40,698 65,503 26,087 = 132,288 2017 26,087 = 26,087 2018 = 0 2019 = 0 2020 = 0 2021 = 0 2022 = 0 Totals 282,381 209,760 327,515 130,435 950,091 58 of 77
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