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408 Fund - Roads1 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% 3.53% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 10 11 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 12 Audited Approved Proposed 13 ANNUAL TAX LEVY 440,000 451,708 467,660 474,675 481,795 489,022 496,357 503,802 511,359 519,029 14 Percent Change in Annual Tax Levy 17.33% 2.66% 3.53% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 15 16 REVENUE 17 Property Taxes 440,000 451,708 467,660 474,675 481,795 489,022 496,357 503,802 511,359 519,029 18 Franchise Taxes - - - - - - - - - - 19 Special Assessments 5,119 - - - - - - - - - 20 Licenses, Permits, and Fees - - - - - - - - - - 21 Intergovernmental 44,742 58,991 69,119 70,501 71,911 73,349 74,816 76,312 77,838 79,395 22 Charges for Services - - - - - - - - - - 23 Fines & Forfeits - - - - - - - - - - 24 Investment Earnings (Losses) 11,964 - - - - - - - - - 25 Miscellaneous Revenues - - - - - - - - - - 26 Total Revenue 501,825 510,699 536,779 545,176 553,706 562,371 571,173 580,114 589,197 598,424 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 626,436 875,000 600,000 - 1,000,000 - 1,100,000 600,000 4,000,000 750,000 36 Long Term Debt Principal - - - - - - - - - - 37 Long Term Debt Interest and Fiscal Agent Fees - - - - - - - - - - 38 Total Expenses 626,436 875,000 600,000 - 1,000,000 - 1,100,000 600,000 4,000,000 750,000 39 40 Revenue Over / (Under) Expenses (124,611) (364,301) (63,221) 545,176 (446,294) 562,371 (528,827) (19,886) (3,410,803) (151,576) 41 42 OTHER FINANCING SOURCES / (USES) 43 Bond Issuance and Premiums - - - - - - - - 4,000,000 - 44 Sale of Capital Assets - - - - - - - - - - 45 Transfers In 49,065 - - - - - - - - - 46 Transfers Out (3,301) - - - - - - - - - 47 Total Other Sources / (Uses)45,764 - - - - - - - 4,000,000 - 48 49 Prior Period Adjustments - - - - - - - - - - 50 Ending Fund Balance 456,328 92,027 28,806 573,982 127,688 690,059 161,232 141,346 730,543 578,967 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% 3.53% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 10 51 52 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 53 Priority Project #Capital Project Name Audited Approved Proposed 56 57 PW-043 2022 Local Road Improvement Project 600,000 58 PW-043 2023 Local Road Improvement Project 4,000,000 59 PW-056 2024 Local Road Improvement Project 750,000 60 PW-053 2025 Local Road Improvement Project 591,000 61 PW-035 2026 Local Road Improvement Project 875,000 62 PW-057 2027 Local Road Improvement Project 600,000 63 PW-036 2028 Local Road Improvement Project 64 PW-060 2029 Local Road Improvement Project 1,000,000 65 PW-072 2030 Local Road Improvement Project 66 PW-073 2031 Local Road Improvement Project 1,100,000 67 77 78 Budget Deviation (Over/Under)35,436 - - - - - - - - - 79 Total Capital Projects 626,436 875,000 600,000 - 1,000,000 - 1,100,000 600,000 4,000,000 750,000