Capital Improvements Program (CIP) Document - City of Urbandale

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5. The City shall encourage and maintain good relations with financial and bond rating agencies and will follow a policy of full and open disclosure on every financial report and bond prospectus. Debt Analysis --The City continues to follow a policy of full disclosure in the preparation of its comprehensive annual financial report and other financial documents. All official statements for general obligation bond issues are prepared by the City’s consultant, Piper Jaffray and Company, and conform with the Securities and Exchange Commission’s disclosure requirements. Since 1983, the City’s financial position has been reported on a modified accrual basis. This form of accounting more accurately reflects the City’s financial status at the end of the fiscal year. The City Council’s commitment to full disclosure in the preparation of the comprehensive annual financial report has been recognized by the Government Finance Officers Association. Since 1984, the Association has annually awarded the City its Certificate of Achievement for Excellence in Financial Reporting. The debt performance standards referenced above are traditionally used by the bond rating agencies and investors to determine the creditworthiness of the City’s debt. In order to assist the Capital Improvements Committee in its financial analysis of the recommended CIP, a brief discussion of this data follows. The City’s Council’s six financial performance goals related to debt issuance is shown on the next page. The Debt Performance Goals table was included in last year’s approved CIP 2009-14+ document, and will be updated for the CIP 2010- 2015+ after the FY2010-11 budget is approved. V
Fiscal Performance Goals Debt Performance Goals Goal: Thirty percent of the City's avaliable legal general obligation debt limit shall be reserved for emergency purposes. City's Results FY04-05 FY05-06 FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 % of debt limit available 73.77% 75.08% 77.67% 78.43% 76.91% 77.55% 77.14% 76.05% 75.90% 77.17% 77.91% Goal: The total direct general obligation debt shall not exceed 4% of the total actual assessed value of property. City's Results FY04-05 FY05-06 FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 % of total actual assessed 1.31% 1.25% 1.12% 1.08% 1.15% 1.12% 1.14% 1.20% 1.20% 1.14% 1.10% Goal: Long-term gross outstanding debt shall not exceed $1,300 per capita. City's Results FY04-05 FY05-06 FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 Gross outstanding debt $ 930.12 $ 952.54 $ 989.44 $ 1,032.06 $ 1,203.90 $ 1,063.41 $ 1,136.59 $ 1,238.66 $ 1,296.10 $ 1,277.32 $ 1,284.88 per capita Goal: Long-term gross outstanding debt shall not exceed 2% of taxable property valuation, including TIF and utility valuation. City's Results FY04-05 FY05-06 FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 Gross outstanding debt as 2.02% 1.95% 1.81% 1.77% 1.95% 1.87% 1.89% 1.98% 1.99% 1.89% 1.83% % of taxable property value Goal: Annual debt service on long-term debt shall not exceed 25% of budgeted operating expenditures, not including capital expenditures, TIF or pass-through economic development activity. City's Results FY04-05 FY05-06 FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 Annual DS as % of budgeted 21.71% 22.50% 23.54% 24.43% 24.68% 24.70% 24.71% 24.72% 23.81% 23.84% 19.79% operating expenditures Goal: Annual debt service should not exceed 40% of property tax revenues. City's Results FY04-05 FY05-06 FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 Annual DS as % of property 34.22% 38.59% 38.78% 39.91% 40.72% 39.17% 40.15% 38.00% 35.79% 34.93% 29.45% tax revenues levied VI
Page 2: Capital Improvements Program 2010 -
Page 5 and 6: A copy of the City Council’s six
Page 7 and 8: Fiscal Performance Goals At its mee
Page 9: Debt Performance Goals 1. The City
Page 13 and 14: inclusion in the funding calculatio
Page 15 and 16: Bridges During the next five years,
Page 17 and 18: Avenue at 70 th Street and at 86 th
Page 19 and 20: TABLE of CONTENTS 2010 - 2015+ Capi
Page 21 and 22: STREETS (Continued) 85 ………..
Page 23 and 24: FINANCIAL PROJECT SUMMARY 2010 - 20
Page 25 and 26: Page (In 000's) 2010 2011 2012 2013
Page 27 and 28: FINANCIAL FUNDING SOURCES 2010 - 20
Page 29 and 30: FINANCIAL FUNDING SOURCES 2010 - 20
Page 31: DETAIL of Eligible Page GOB Project
Page 34 and 35: ART Urbandale Public Arts Funding I
Page 36 and 37: BUILDING Fire Station No. 41: Renov
Page 38 and 39: BUILDING Fire Station No. 42: Parki
Page 40 and 41: BUILDING Facilities Maintenance: Li
Page 42 and 43: BUILDING Facilities - Energy Lighti
Page 44 and 45: BUILDING Parks and Public Works: Fi
Page 46: BUILDING Walker Johnston Park: Shel
Page 49 and 50: EQUIPMENT EMS: Ambulance COSTS ITEM
Page 52 and 53: This page was intentionally left bl
Page 55 and 56: PARKS Trail: Improvements at Variou
Page 57 and 58: PARKS Trail: Clive Trail Connection
Page 59 and 60: PARKS Trail: Glen Eagles Park, Conn
Page 61 and 62:
PARKS Trail, Playground Equipment:
Page 63 and 64:
PARKS Trail, Playground Equipment,
Page 65 and 66:
PARKS Trail: Raccoon River Valley R
Page 67 and 68:
PARKS Cemetery: West of I35/80 COST
Page 69 and 70:
PARKS Lions Park: Restrooms and She
Page 71 and 72:
PARKS South Karen Acres: Play Court
Page 73 and 74:
PARKS UGRA Softball/Soccer Complex:
Page 75 and 76:
PARKS Walker Johnston Park: Regiona
Page 77 and 78:
PARKS Walker Johnston Park: Tennis
Page 79 and 80:
WCRP (Walnut Creek Regional Park) A
Page 81 and 82:
WCRP Trail Spine -Douglas Parkway t
Page 83 and 84:
WCRP Continued: Trail System - Inte
Page 85 and 86:
WCRP Open-Air Park Shelters / Picni
Page 87 and 88:
WCRP Outdoor Aquatic Center COSTS I
Page 89 and 90:
WCRP Regional Playground in Facilit
Page 91:
WCRP Specialized Landscaping, Picni
Page 94 and 95:
BRIDGE Meredith Drive: Walnut Creek
Page 97 and 98:
SIDEWALKS Various Locations COSTS I
Page 100 and 101:
This page was intentionally left bl
Page 102:
STORM SEWER 104 th Street and Justi
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STREET Annual Concrete Street Rehab
Page 107 and 108:
STREET Aurora Avenue and 112 th Str
Page 109 and 110:
STREET Aurora Avenue: Walnut Creek
Page 111 and 112:
STREET Douglas Avenue Median COSTS
Page 113 and 114:
STREET Douglas Parkway: 156 th Stre
Page 115 and 116:
STREET Meredith Drive: 128th Street
Page 117 and 118:
STREET Meredith Drive: 156 th Stree
Page 119 and 120:
STREET Northpark Drive Extension: 1
Page 121 and 122:
STREET N.W. 50 th Avenue - Iowa Hig
Page 123 and 124:
STREET Plum Drive: 86 th Street to
Page 125 and 126:
STREET Waterford Road: 156 th Stree
Page 127 and 128:
STREET 75 th Street and Douglas Ave
Page 129 and 130:
STREET 86 th Street and Douglas Ave
Page 131 and 132:
STREET 100 th Street Extension COST
Page 133 and 134:
STREET 100 th Street Preservation P
Page 135 and 136:
STREET 111 th Street Paving COSTS I
Page 137 and 138:
STREET 121 st Street Improvements:
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STREET 142nd Street: Aurora Avenue
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STREET 142nd Street: Meredith Drive
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STREET 156 th Street: Meredith Driv
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113
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STREET LIGHTING Douglas Avenue: LED
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STREET LIGHTING 128 th Street: Hick
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TRAFFIC SIGNAL Douglas Avenue and 7
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TRAFFIC SIGNAL Hickman Road: Entran
Page 155 and 156:
TRAFFIC SIGNAL Merle Hay Road Traff
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TRAFFIC SIGNAL 70 th Street and Aur
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TRAFFIC SIGNAL 100 th Street and No
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TRAFFIC SIGNAL 104 th Street and Me
Page 163 and 164:
TRAFFIC SIGNAL 128 th Street and Au
Page 165 and 166:
TRAFFIC SIGNAL 156 th Street and Do
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135
Page 169 and 170:
WATER 72 nd St. Water Main: Maple D
Page 171 and 172:
WATER 71 st St. Water Main: Prairie
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WATER 114 th Street: Paint Water To
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WATER Meredith Drive Water Main: 13
Page 177 and 178:
WATER Monroe Court Water Main: 70 t
Page 179 and 180:
WATER 70 th St. Water Main: Douglas
Page 181 and 182:
WATER Dellwood Drive Water Main: Ro
Page 183:
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Capital Improvements Program (CIP) Document - City of Urbandale

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