The URL can be used to link to this page

Home My WebLink About07 11 2016 2017-2021 Capital Improvement Program Presentation1 2017-2021 CAPITAL IMPROVEMENT PROGRAM July 11, 2016July 11, 2016 2017 CIP Process June 27:2017 Preliminary Budget and Long-Range Planning July 11: Capital Plans Review I July 25: Capital Plans Review II August 8: Public Hearing 2017-2021 CIP August 22: Adopt 2017-2021 CIP 2 Today’s Topics Facilities Management Plan Equipment Replacement Plan Park Plan Technology Plan Financial Impacts Facilities Management Plan Equipment Replacement Plan Park Plan Technology Plan Financial Impacts Facilities Mgmt. Plan Plans for major maintenance and replacements (Lower shop?) 2017 Maintenance Center Parking Lot Library Membrane Roof 2018 Fire Station #1 Parking Lot SCBA Packs and Fill Station Plans for major maintenance and replacements (Lower shop?) 2017 Maintenance Center Parking Lot Library Membrane Roof 2018 Fire Station #1 Parking Lot SCBA Packs and Fill Station 3 Overall Condition Index Reviewed equipment condition (OCI) An indicator of need for replacement based on 6 categories Reviewed equipment condition (OCI) An indicator of need for replacement based on 6 categories OCI Range Condition Category Count Replacement Cost <15 points Excellent Condition 51 $2,562,917 15-25 points Good Condition 82 $3,951,591 25-35 points Qualifies for Replacement 41 $3,280,813 ≥35 points Needs Immediate Consideration 22 $1,800,058 Equip. Replacement Plan 5-ton Truck Replacement Jet-Vac Replacement Parks Garbage Truck Replacement New Patrol Squad in 2019 5-ton Truck Replacement Jet-Vac Replacement Parks Garbage Truck Replacement New Patrol Squad in 2019 4 Equip. Replacement Plan Updated base vehicle costs based on new projections and recent purchases Tax Levy Increase - $75,000 Leasing Options Updated base vehicle costs based on new projections and recent purchases Tax Levy Increase - $75,000 Leasing Options Park Plan Changed Format of Plan Moved Parks Capital Costs from the General Fund to the Revolving Park Fund (Fund 430) Included Capital Park Fund (Fund 225) Revenues and Expenditures to the Plan Use of funds restricted by State Statute Changed Format of Plan Moved Parks Capital Costs from the General Fund to the Revolving Park Fund (Fund 430) Included Capital Park Fund (Fund 225) Revenues and Expenditures to the Plan Use of funds restricted by State Statute 5 Park Plan Increased funding for trail replacements starting in 2018 Some categories do not have improvements programmed Shifted development of Eagle Creek Estates/Brooksville Hills from 2017 to 2016 Community Park Referendum Bond Proceeds – 2026 & 2031 Increased funding for trail replacements starting in 2018 Some categories do not have improvements programmed Shifted development of Eagle Creek Estates/Brooksville Hills from 2017 to 2016 Community Park Referendum Bond Proceeds – 2026 & 2031 Technology Plan Changed Format of Plan to separate Operating and Capital Costs Upcoming Key Purchases VoIP Conversion – 2018 One Office Project Mgmt. Software - 2019 Citizen Online Portal - 2019 Digital Time & Attendance Software - 2020 Changed Format of Plan to separate Operating and Capital Costs Upcoming Key Purchases VoIP Conversion – 2018 One Office Project Mgmt. Software - 2019 Citizen Online Portal - 2019 Digital Time & Attendance Software - 2020 6 Financial Impacts Adjustments that impact the property tax levy: Facilities Management Plan – Dedicated Funding from Property Tax Levy - 2019 – Bond proceeds to support facilities projects in 2016, 2018, and 2021. Equipment Replacement Plan – Planned increase in 2017 – 2020 tax levy (Goal - $600,000 annually) – Equipment certificates in 2018 and 2021 to support equipment purchases and replacements. Financial Impacts Adjustments that impact the property tax levy: Park Plan – Tax levy shifted from the General Fund to the Revolving Park Equipment Fund. – Contribution from General Fund to Park Fund no longer necessary. – Plan shows an annual increase of $100,000 starting in 2018 in the Tax Levy to support the Park Plan. This is for trail, sidewalk & boardwalk replacement. 7 Questions/Discussion Questions/Discussion 5-Year Projection 14 2016 2017 2018 2019 2020 2021 Tax Levies: General 7,172,793 7,476,117 7,977,646 8,358,494 8,830,012 9,301,193 Equipment Revolving Fund 325,000 400,000 475,000 550,000 600,000 600,000 Revolving Park Equip Fund - - 125,000 150,000 175,000 200,000 Facilities Management Fund - - - 30,000 30,000 80,000 EDA Fund 155,000 140,000 140,000 140,000 140,000 140,000 Debt Service 3,425,569 3,834,101 3,692,913 3,865,447 4,160,572 4,524,091 11,078,362 11,850,218 12,410,559 13,093,941 13,935,584 14,845,284 Change from Previous Year 684,276 771,856 560,341 683,382 841,643 909,700 Subtotals from above; should match line 684,276 771,856 560,341 683,382 841,643 909,700 Breakdown of Change in Levies: General 101,063 303,324 501,529 380,848 471,518 471,181 Equipment Revolving Fund 75,000 75,000 75,000 75,000 50,000 - Revolving Park Equip Fund - - 125,000 25,000 25,000 25,000 Facilities Management Fund - - - 30,000 - 50,000 EDA Fund (4,000) (15,000) - - - - Debt 512,213 408,532 (141,188) 172,534 295,125 363,519 Total Change 684,276 771,856 560,341 683,382 841,643 909,700 General 1.43% 4.23% 6.71% 4.77% 5.64% 5.34% Equipment Revolving Fund 30.00% 23.08% 18.75% 15.79% 9.09% 0.00% Revolving Park Equip Fund n/a n/a n/a 20.00% 16.67% 14.29% Facilities Management Fund n/a n/a n/a n/a 0.00% 166.67% EDA Fund -2.52% -9.68% 0.00% 0.00% 0.00% 0.00% Debt 17.58% 11.93% -3.68% 4.67% 7.63% 8.74% Total Change 6.58% 6.97% 4.73% 5.51% 6.43% 6.53% Projected 1 2 3 4 5