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Staff Report - City Administrator Staff Report Date of Meeting: 2/2/2026 For: PRC From: Kyle Morell, City Administrator Subject: Capital Improvement Funding The Parks and Recreation Committee has requested information on available funding for park projects in 2026. I have compiled information from the 2026 budget discussion and the December Treasurer’s Report for the Committee’s review. In 2024, the City committed to updating the old tennis courts. To do this, $125,000 was transferred from the City's excess fund balance to the Parks CIP. Another $150,000 was transferred from the General CIP fund to the Parks CIP. The City budgeted $450,000 for the tennis court upgrade. $275,000 from fund transfers, $100,000 in tax levy funds from the 2024 and 2025 tax levies. $24,000 in park dedication funds from Laurel Ridge. The remaining funds came from the Park CIP fund balance. I will have an updated final cost for the tennis court project at the meeting. The attached January 2026 Treasurer’s Report shows the end-of-December 2025 cash balances for all City funds. The current end-of-year cash balance for the 404 Parks CIP fund is $(1,275.03). This number may be adjusted after the City’s annual audit is completed in May. The 2026 CIP spreadsheet shows that $20,000 was included in the tax levy to help build a fund balance in the Parks CIP. The sheet also shows that no Parks projects were included in 2026, due to the unknown fund balance. Depending on the final 2025 fund balance, the Committee has between b $15,000 and $20,000 in the Parks CIP fund by the end of 2026. The Committee must weigh the desire to deliver short-term projects and the need to save funds for the larger-scale projects already planned in the CIP. Attachments: 1) January 2026, Treasurer’s Report 2) 2026 404 CIP – Revenue and Expenses 1 CITY OF SCANDIA 2 Capital Improvement Plan 3 Park Improvement Fund 404 4 5 Inflation Assumptions 6 Revenue (Non-property tax) 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 7 Interest Earnings 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 8 Expenses 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 9 CIP Inflation Factor 6.78% 3.30% 2.66% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 10 11 2024 2025 2026 2027 2028 2029 2030 2031 2032 12 Actual Approved Projected 13 REVENUE 14 Property taxes 60,000 40,000 20,000 20,500 21,013 21,538 22,076 22,628 23,194 15 Intergovernmental - - - - - - - - - 16 Charges for services - - - - - - - - - 17 Special Assessments - - - - - - - - - 18 Investment Income 66 66 - - - - - - 19 Sale of capital assets - - - - - - - - - 20 Refunds and Reimbursements - - - - - - - - - 21 Park Dedication Fees 24,000 - - - - - - - - 22 Rental and lease income - - - - - - - - - 23 Transfer from General Fund 125,000 - - - - - - - - 24 Miscellaneous Revenue - - - - - - - - - 25 Total Revenue 209,066 40,066 20,000 20,500 21,013 21,538 22,076 22,628 23,194 26 27 EXPENSES 28 Total Current - - - - - - - - - 29 Payables internet - - - - - - - - - 30 Total Capital Projects 335,000 115,000 - 14,674 200,000 40,000 117,391 - - 31 Total Expenses 335,000 115,000 - 14,674 200,000 40,000 117,391 - - 32 33 Revenue Over / (Under) Expenses (125,934) (74,934) 20,000 5,826 (178,987) (18,462) (95,315) 22,628 23,194 34 35 OTHER FINANCING SOURCES / (USES) 36 Bond Proceeds - - - - - - - - - 37 Bond premium - - - - - - - - - 38 Transfers In 150,000 - - - - - - - - 39 Transfers Out - - - - - - - - - 40 Total Other Sources / (Uses)150,000 - - - - - - - - 41 42 Prior Period Adjustments - - - - - - - - - 43 Ending Fund Balance 87,993 (1,275) 18,725 24,551 (154,436) (172,898) (268,213) (245,585) (222,391) 44CASH FLOW ANALYSIS 1 CITY OF SCANDIA 2 Capital Improvement Plan 3 Park Improvement Fund 404 4 5 Inflation Assumptions 6 Revenue (Non-property tax) 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 7 Interest Earnings 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 8 Expenses 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 9 CIP Inflation Factor 6.78% 3.30% 2.66% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 10 45 2024 2025 2026 2027 2028 2029 2030 2031 2032 46 Priority Project #Capital Project Name Actual Approved Projected 47 48 PR-043 Community Center Park-concrete, grill, table, benches 49 PR-048 Lilleskogen Praire/Wetland Restoration Project 50 PR-054 Lilleskogen Park Picnic Shelter 51 PR-060 Park Planning 52 PR-055 Hay Lake Park - sign 53 PR-057 Playground Equipment - Community Center Park 54 PR-057 Replace rink boards 55 PR-061 Park signage at Orwell Park (Liten) 56 PR-058 Tennis Court/Pickle Ball - repaint 335,000 115,000 57 PR-063 Gateway Trail Improvements @ Annex - 58 PR-066 Expanded Pleasure Rink 14,674 59 PR-064 Playground Equipment - Erickson ballfield 100,000 60 PR-050 Ballfield Reconstruction - Erickson ballfield 40,000 61 PR-059 Hay Lake Park Shelter water & doors 117,391 62 Wayne Erickson Pavillion/Storage 100,000 63 PR-044 Nature park trails 64 65 CIP Place Holder 66 Total Capital Projects 335,000 115,000 - 14,674 200,000 40,000 117,391 - - PARK IMPROVEMENT CAPITAL OUTLAY