6.a Capital Improvements Discussion1
Staff Report
Date of Meeting: May 6, 2024, City Council Meeting
To: Park and Recreation Committee
From: Kyle Morell, City Administrator
Re: Capital Improvement Project Discussion
______________________________________________________________________________
Background
The Scandia Parks and Trail Master Plan allowed the Park and Rec Committee to declare and designate
desired park projects into various categories. The attached Action Plan outlines recommendations into
four categories: 1) Immediate, 2) Short Term, 3) Long Term, and 4) Trail. The listed projects are
prioritized within these categories: High, Medium, and Low. Since the Mater Plan was approved, some
of the projects listed have been completed, and some are in the works.
The attached 404 CIP Fund Project List shows the projects identified by the Committee that have been
selected for future completion. Review this list and the projects on the Action Plan for further
discussion on Monday.
Attachment
Scandia Park Plan Action Plan
404 Parks CIP Fund Project List
CITY OF SCANDIA
Financial Management Plan
Park Capital Improvement Fund
Inflation Assumptions
4 CIP Inflation Factor 4.00% 0.00% 2.00% 4.00% 4.00% 4.00%4.00% 4.00% 4.00% 4.00% 4.00%
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
ACTUAL Proposed
REVENUE
5 Property taxes 20,000 20,000 60,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
6 Intergovernmental 10,125 112,500
7 Charges for services
8 Investment Income 620 66 66 66 66 66 66 66 66 66 66
9 Sale of capital assets
10 Park Dedication Fees 24,000 24,000 - - - - - - - -
11 Rental and lease income - - - - - - - - - - -
Transfer from General Fund 150,000 125,000
12 Miscellaneous Revenue 7,949 8,068
13 Total Revenue 38,694 314,634 209,066 50,066 50,066 50,066 50,066 50,066 50,066 50,066 50,066
EXPENSES
14 Total Current
15 Debt service
16 Total Capital Projects 48,113 333,739 450,000 107,520 25,000 64,042 - -
17 Total Expenses 48,113 333,739 450,000 107,520 25,000 64,042 - - - - -
18 Revenue Over / (Under) Expenses (9,419) (19,105) (240,934) (57,454) 25,066 (13,976) 50,066 50,066 50,066 50,066 50,066
OTHER FINANCING SOURCES / (USES)
19 Bond Proceeds
20 Transfers In 200,000
21 Transfers Out 8,000
22 Transfers Out-
22 Total Other Sources / (Uses)- 8,000 200,000 - - - - - - - -
23 Prior Period Adjustments
24 Ending Fund Balance 138,798 63,927 22,993 (34,462)(9,396)(23,373)26,693 76,758 126,824 176,889 226,955
CITY OF SCANDIA
Financial Management Plan
Park Capital Improvement Fund 404
CASH FLOW ANALYSIS
2021 2016 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Capital Project Name Year Costs ACTUAL Proposed
25
25 Park Planning 2022 15000 10,500 4,500
26
Community Center Park-concrete, grill, table,
benches 2022 112500 33,488
27
Playground Equipment - Community Center
Park 2022 122500 180,319
28 Lilleskogen Park Picnic Shelter 2024 43700 3,000
29 Gateway Trail Improvements @ Annex 2024 0 25,000
30 Hay Lake Park - sign 2023 8653 1,500
31 Park signage at Orwell Park (Liten)2023 8653 800
32 Replace rink boards 2024 134984 146,620
33
Lilleskogen Praire/Wetland Restoration
Project 2025 12878 1,125
34 Nature park trails 2025 42700
35 Playground Equipment - Erickson ballfield 2028 66682 80,000
36 Tennis Court/Pickle Ball - repaint 2024 60533 450,000 107,520
37 Expanded Pleasure Rink 2027 12653 16,010
38 Hay Lake Park Shelter water & doors 2027 101226 128,083
39 New Ballfield to Replace South Ball Field 2027 44286 56,036
40 Settlers MonutPossible Reloc/Imp 2027 37960 48,032
41 CIP Place Holder 2031 50000
42 Total Capital Projects 874,908 - 48,113 333,739 450,000 107,520 25,000 64,042 208,083 56,036 - - -
PROJECTED NEW DEBT TERMS
43 Par Amount (Line 19) - - - - - - - - - - - -
44 Number of Years 10 10 10 10 10 10 10 10 10 10 10 10
45 Interest Rate 2.00% 2.50% 3.00% 3.00% 3.00% 3.00%3.00% 3.00% 3.00% 3.00% 3.00%
46 New Debt Levy 0 0 0 0 0 0 0 0 0 0 0 0CAPITAL OUTLAYProject
CAPITAL OUTLAY