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408 Fund - Roads
1 CITY OF SCANDIA 2 Capital Improvement Plan 3 Local Road Improvement Fund 408 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% 2.00% 7 Interest Earnings 1.50% 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% 3.00% 9 CIP Inflation Factor (thru Jun of the previous year) 4.05% 3.36% 2.65% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 10 11 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 12 Estimated Approved Proposed 13 ANNUAL TAX LEVY 440,000 451,708 463,664 477,574 491,901 506,658 521,858 537,514 553,639 570,248 14 Percent Change in Annual Tax Levy 17.33% 2.66% 2.65% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 15 16 REVENUE 17 Property Taxes 440,000 451,708 463,664 477,574 491,901 506,658 521,858 537,514 553,639 570,248 18 Franchise Taxes - - - - - - - - - - 19 Special Assessments - - - - - - - - - - 20 Licenses, Permits, and Fees - - - - - - - - - - 21 Intergovernmental 44,742 58,991 69,116 70,498 71,908 73,346 74,813 76,309 77,835 79,392 22 Charges for Services - - - - - - - - - - 23 Fines & Forfeits - - - - - - - - - - 24 Investment Earnings (Losses) 10,000 - - - - - - - - - 25 Miscellaneous Revenues - - - - - - - - - - 26 Total Revenue 494,742 526,023 532,780 548,072 563,809 580,004 596,671 613,823 631,474 649,640 27 28 EXPENSES 29 Current 30 General Government - - - - - - - - - - 31 Public Safety - - - - - - - - - - 32 Public Works - - - - - - - - - - 33 Parks and Recreation - - - - - - - - - - 34 Economic Development - - - - - - - - - - 35 Total Capital Projects 591,000 875,000 595,000 - 1,110,000 - 1,155,000 - 4,000,000 750,000 36 Long Term Debt Principal - - - - - - - - - - 37 Long Term Debt Interest and Fiscal Agent Fees - - - - - - - - - - 38 Total Expenses 591,000 875,000 595,000 - 1,110,000 - 1,155,000 - 4,000,000 750,000 39 40 Revenue Over / (Under) Expenses (96,258) (348,977) (62,220) 548,072 (546,191) 580,004 (558,329) 613,823 (3,368,526) (100,360) 41 42 OTHER FINANCING SOURCES / (USES) 43 Bond Issuance and Premiums - - - - - - - - 3,000,000 - 44 Sale of Capital Assets - - - - - - - - - - 45 Transfers In - - - - - - - - - - 46 Transfers Out - - - - - - - - - - 47 Total Other Sources / (Uses)- - - - - - - - 3,000,000 - 48 49 Prior Period Adjustments - - - - - - - - - - 50 Ending Fund Balance 456,328 107,351 45,131 593,203 47,012 627,016 68,687 682,510 313,984 213,624 51 CASH FLOW ANALYSIS 1 CITY OF SCANDIA 2 Capital Improvement Plan 3 Local Road Improvement Fund 408 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% 2.00% 7 Interest Earnings 1.50% 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% 3.00% 9 CIP Inflation Factor (thru Jun of the previous year) 4.05% 3.36% 2.65% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 10 52 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 53 Priority Project #Capital Project Name Estimated Approved Proposed 54 55 PW-061 Soil Borings for 2024 & 2025 56 57 PW-043 2022 Local Road Improvement Project 58 PW-043 2023 Local Road Improvement Project 59 PW-056 2024 Local Road Improvement Project 60 PW-053 2025 Local Road Improvement Project 591,000 4,000,000 61 PW-035 2026 Local Road Improvement Project 875,000 750,000 62 PW-057 2027 Local Road Improvement Project 595,000 63 PW-036 2028 Local Road Improvement Project 64 PW-060 2029 Local Road Improvement Project 1,110,000 65 PW-072 2030 Local Road Improvement Project 66 PW-073 2031 Local Road Improvement Project 1,155,000 67 68 PW-050 2023 Seal Coat & Crack Filling Project 69 PW-2024 Seal Coat & Crack Filling Project 70 PW-052 2025 Seal Coat & Crack Filling Project 71 PW-051 2026 Seal Coat & Crack Filling Project 72 PW-060 2027 Seal Coat & Crack Filling Project 73 2028 Seal Coat & Crack Filling Project 74 2029 Seal Coat & Crack Filling Project 75 2030 Seal Coat & Crack Filling Project 76 2031 Seal Coat & Crack Filling Project 77 78 Budget Deviation (Over/Under)- - - - - - - - - - 79 Total Capital Projects 591,000 875,000 595,000 - 1,110,000 - 1,155,000 - 4,000,000 750,000