The URL can be used to link to this page

4.c) 2015-2019 CIPCity of Scandia Capital Improvement Program 2015-2019 Draft for Budget Work Sessions CONTENTS Introduction Whatis a CIP?.................................................................................................................1 Scopeof the Draft CIP.....................................................................................................1 FundingSources..............................................................................................................2 ProjectPriorities..............................................................................................................2 2015-2019 CIP Overview StreetProjects..................................................................................................................3 Equipment Replacement Fund.........................................................................................3 Project Highlights by Department...................................................................................4 CIP Summary Data Project Listing by Department (All Years)......................................................................6 Projects by Year, 2015 thru 2019....................................................................................8 Sources and Departments Summary, 2015 thru 2019 .....................................................10 Projects by Year, 2020 thru 2024....................................................................................11 Sources and Departments Summary, 2020 thru 2024 .....................................................12 Projects by Department, 2015 thru 2024.........................................................................13 Projects by Source, 2015 thru 2024.................................................................................15 Equipment Replacement Fund, Replacements by Department.......................................18 Equipment Replacement Fund Cash Flow, 2015 -2024 ...................................................19 Appendix ProjectDetails, All Projects.............................................................................................20 INTRODUCTION The Capital Improvement Program (CIP) for the five-year period of 2015 through 2019 is the seventh such document prepared by the City of Scandia. It would amend the CIP included in the March, 2009 Comprehensive Plan (as amended through December 17, 2013) replacing Appendix F of the plan in its entirety. What is a CIP? A Capital Improvement Program, or CIP, is a multi-year (typically 5 years) capital expenditure plan for a City's infrastructure (such as streets, parks and utility systems), vehicles, equipment and public buildings. It identifies the major projects needed and desired by the community, their potential costs and how they would be financed. Including a project in a CIP does not commit the city to that project. The City Council must specifically authorize each one, and the associated funding, before any project may proceed. When the CIP is reviewed (ideally annually, in conjunction with the budgeting process) projects may go forward as planned, advance ahead of schedule, be removed entirely, or new projects may be added, depending upon changes in circumstances and priorities. The Minnesota Land Planning Act requires that the implementation plan portion of the Comprehensive Plan include a CIP for major infrastructure needs (transportation, wastewater, water supply, parks and open space) for a five-year time period. Cities often expand the scope of their CIPS to include other capital needs (major equipment replacements, for example) and sometimes look beyond the five-year time period, up to 20 years in the future for some projects. Such projects represent more of a "wish -list" that can be evaluated each time the plan is updated. As a part of the Comprehensive Plan, the CIP has some legal standing. Minnesota Statutes Chapter 473.865 provides that "a local governmental unit shall not adopt any official control or fiscal device which is in conflict with its comprehensive plan." A fiscal device includes a budget or bond issue; so it is important that the plan and CIP be kept up to date and in synch with city budgets. The primary benefit of a CIP is as a financial planning tool, to help the city plan for the impact of capital needs on fixture budgets and property taxes, and to help forecast the need for borrowing to undertake major projects. The information developed as part of the capital planning process can help document the need for various projects and help the City Council sort out competing priorities. Scope of the CIP Scandia's CIP includes all capital projects that cost at least $10,000 and have a useful life span of five years or longer. Projects include all capital needs including major repairs to buildings and equipment purchases and replacements. Any projects not meeting these parameters would be reviewed as part of the annual operating budget, but would not be included in the CIP. Funding Sources The CIP identifies a possible funding source(s) for each project listed. The various funding sources are as follows: Capital Improvement Fund Existing City fund, primarily from property tax levy, set aside for capital projects. Debt Service Fund Projects financed by borrowing, later to be repaid with property taxes, and potentially special assessments depending upon the characteristics of the project. Equipment Replacement Fund Internal service fund used to segregate funds set aside for planned replacements of existing major equipment. Funds are transferred from operating budgets (primarily property tax revenues) The fund may also receive funds realized through debt financing. General Fund Annual operating budget, primarily funded by property tax revenues. Park Improvement Fund Existing Cityfund, receipts from cash -in -lieu of land park dedication fees paid by developers and others who subdivide their land. Local Road Improvement Fund New fund created in 2014 funded with unrestricted fund balance and property tax revenues. To be used mainly to fund mill and overlay and other similar street construction projects. 201 Sewer Funds come from fees paid by users on the 201 Wastewater System Uptown Sewer Funds come from fees paid by users on the Uptown Wastewater System In addition to these sources, it is possible that future projects could be funded from donations, grants, user fees or other sources not listed. Projects benefiting an enterprise or utility fund could be paid from the appropriate fund. Project Priorities Capital improvement projects should be prioritized in some way so that limited funding can be allocated to those which are most important. This is difficult because the varying nature of the projects and their benefits and objectives are so disparate as to be essentially not comparable. Some public agencies have developed elaborate rating and ranking systems to try to set priorities. Complicated scoring systems may have some disadvantages because they may give a false sense of objectivity or precision to the priority setting process. Others use simpler systems, or simply do not try to compare projects that are like "apples and oranges." There is no accepted system or "industry standard" for prioritizing projects. The Capital Improvement Committee developed the following priority rating system in 2008, which was also used for the 2009 and subsequent updates: A Critical or urgent, high-priority projects that should be done if at all possible; a special effort should be made to find sufficient funding for all of the projects in this group. B Very important, high-priority projects that should be done as funding becomes available. C Important and worthwhile projects to be considered if funding is available; may be deferred to a subsequent year. D Less important, low -priority projects; desirable but not essential. N/A Used for replacements of existing equipment. 2015-2019 CIP OVERVIEW For 2015 through 2019, the draft CIP includes 35 separate projects with a total estimated cost of $6,692,000. All cost estimates are preliminary and based on current dollars. No assumptions have been made about inflation. It will be important to refine and update costs when the plan is reviewed, especially for projects in the first year or two of the plan. Some projects beyond the five-year planning period are also included in the CIP. Most of these projects are replacements for equipment and vehicles (such as fire trucks) which may have a life span of 10, 15 to 20 years or even more. The plan also includes "pending" projects for which timelines (and in most cases, cost estimates) have not yet been identified. As more information is developed about the need for, cost and possible funding sources for these projects, they will be included in future CIP updates. Street Projects The draft update includes the following two street projects in the CIP : PW -002, Street Maintenance Program. The current funding level ($300,000 per year) has been maintained, with the addition of a $2,800,000 project in 2016. The cost, funding sources and specific roads to be included will be refined after an update of the Pavement Management Plan, and Council decision on financing policies (i.e. assessments, franchise fees, etc). PW -027, Quinell Ave. An updated cost has been provided by the City Engineer following soil borings earlier this year. Funding sources are the funds from the County when the road was turned back to the township and the remainder from the Local Road Improvement Fund. The goal of the 2008 Pavement Management Plan was to extend the life of city streets and to reduce the lifecycle costs for maintaining them in good condition. Each year the city has endeavored to increase the budget for contractual road maintenance and repairs. However, the city has yet to develop a workable policy and funding strategy for dealing with roads needing reconstruction. Equipment Replacement Fund The city created the Equipment Replacement Fund in 2007 to set aside funds on an annual basis for planned replacement of vehicles and major pieces of operating equipment. The fund receives transfers from the operating budget of each department depending on its equipment needs. This allows the departmental budgets for each major function to accurately show the costs of funding that function, including equipment, while segregating the funds from the operating budgets. Any revenues from the sale of old equipment being replaced are also deposited into the fund. Beginning in 2015, the revenue to the fund will be reduced significantly which will result in the need to borrow for larger purchases in future years. Just as for other capital projects, the decision whether or not to replace a particular piece of equipment, and what to replace it with, will need to be made by the City Council at the time of the purchase. The City could decide to keep some equipment longer than planned. Or, equipment could wear out more quickly than expected. It is likely that some items will not be replaced, or that new technology or equipment could alter plans to replace a particular item. In 2014, the City transferred $100,000 to the fund. The draft 2015 budget and CIP show proposed transfers of $20,000 in 2015 and subsequent years. The chart to the right shows the cash flow in the Equipment Replacement fund from 2015-2024 assuming a $20,000 per year contribution. The fund would cash flow only through 2015. Project Highlights by Department Equipment Replacment Fund zoic-zo:4 $600.000-- $tWAUU - - -- $200,000 n' L L__ L L L A �y �y Ictal$ Healacenents -$2WA00,rp'+c'ti�'�b p'w p� 6�..Lp��;,pb10`7,�3,pYp �ruWin6 —Rrb.n:r $6W.WU --- - _— -- ." -$800.000 -------- -- st,nW,gnq - ---- — Community Center: New for 2015: Seal coating of the Community Center parking lot. The parking lot is scheduled to be cracked filled in 2014. This should be followed up with seal coating the following year to maintain the parking lot. Fire: ➢ The Fire Department HVAC Replacement and Radio Replacement have not been changed from the current plan. The Civil Defense Sirens have been moved from a 2 to a 3 priority and pushed back a year. Tanker 5177 Replacement has been moved from a 3 to 1 priority and the price increased $30,000. v Grass Rig 5175 Replacement has been moved from a 3 to 1 priority. �e The second fire station has been moved from a 3 to 2 priority and increased by $10,000 r SCBA Compressor Replacement has been moved from 2 to I priority �e 12 SCBA & 30 Masks has been added for 2016 at a cost of $98,000 from the Equipment Replacement Fund ;e Roof Replacement has been added for 2019 at a cost of $100,000 from the Capital Improvement Fund r Outdoor Training Building has been moved from a 3 to 2 priority. The Chief s Vehicle has been moved from pending to active in 2019. 4 Ice Rink: The replacement of the Zamboni has been pushed back a year to 2017, if grants/donations are obtained. The Public Works Director believes it will last longer after the maintenance performed on it last year. Parks and Recreation: v No changes were made to Lilleskogen Park Improvements. There is only approximately $8,000 remaining in the Park Capital Improvement Fund. Park fees from a couple subdivisions are expected to come through next year. The $36,000 planned for 2015 would be grants/donations for site improvements such as picnic tables, benches, signage, etc. It is anticipated at this time the parking lot/rain garden and butterfly garden will be completed in 2014. ➢ Wind in the Pines was moved to pending. The committee did not feel a Natural Resources Management Plan was needed as long as regular maintenance occurred. ➢ No changes were made for a full reconstruction of the tennis courts in 2018. Resurfacing was completed in 2013. Log House Landing Improvements have been updated to reflect the $400,000 cost estimate in the grant application. The full project has been moved back to 2015. In addition to the $200,000 grant from the DNR, the plan assumes $100,000 cost share from the watershed district. The remaining $100,000 would come from the Capital Improvement Fund. Public Works: y Purchase of a wood chipper has been moved to pending. This winter the City rented a chipper and that seemed to work well. v PW -024 Utility Truck with Crane has been moved to pending. �e The John Deere Tractor wBroom and Blower scheduled for replacement in 2016 has been pushed back to 2017. v Street Maintenance Program has been increased to $2.8 million and pushed back to 2016. $300,000 would continue to come from the General Fund. The additional $2.5 million would need to be bonded for and paid back through the levy and special assessments via the Debt Service Fund. The Council will need to determine which roads would be included in this project. i� Quinell Ave is still in the plan for 2015 at $550,000. Approximately $125,000 would come from the turn back money from Washington County and the other $325,000 from the Local Road hnprovement Fund. The remaining Public Works projects are equipment replacements. Changes to the expected useful life and cost estimates for several items have been made but do not have a significant impact on the first 5 years of the plan. City of Scandia, Minnesota Capital Improvement Program PROJECT LISTING Includes Projects from All Years i01 Sewer Status Protect # Protect Name Active 201S-001 Bliss L.S.1 Control Panel Active 2015-002 AIE Dronfield Active 2015-003 Bliss L.S. 2 Control Panel Active 2015-004 Bliss L.S. 2 Pump 1 Active 201S-005 Bliss L.S. 2 Pump 2 Active 201S-006 Bliss L.S.1 Pump 2 Community Center F-010 Rescue 5179 Replacement Status Protect If Protect Name Active CC -002 Community Center HVAC Replacement Active CC -004 Community Center Parking Lot Paving Fire Status Protect # Protect Name Active F-001 Fire Station HVAC Replacement Active F-003 Fire Department Radio Replacement Active F-004 Fire Chiefs Car Active F-006 SCBA Air Pao Replacements Active F-008 Fire Hall Well Pump Replacement Active F-009 Civil Defense Sirens Active F-010 Rescue 5179 Replacement Active F-011 Tanker 5177 Replacement Active F-012 Engine 5180 Replacement Active F-013 Grass Rig 5175 Replacement Active F-014 Tanker 5178 Replacement Active F-015 Engine 5176 Replacement Active F-016 Second Fire Station Active F-018 Back-up Generator for Fire Hall Active F-021 Fire Training Structure Active F-022 SCBA Compressor Replacement Active F-023 12 SCBA & 30 Masks Active F-024 Fire Hall Roof Replacement Ice Rink Status Protect # Protect Name Active IR -002 Zamboni Replacement Parks and Recreation Status Protect Protect Name Active PR -001 Lilleskogen Park Improvements Active PR -018 Tennis Court Reconstruction Active PR -019 Log House Landing Improvements Public Works Status Protect # Protect Name Active PW -002 Street Maintenance Program Active PW -004 Pickup wlPlow Replacement 2008 Ford F350 (102-08) DRAFT for 2015-2019 Update Friday, August 22, 2014 Active PW -005 John Deere Tractor Mower w/Broom & Blower (303-09) Active PW -007 Tiger Ditch Rear Mower Replacement Active PW -008 Tiger Boom MowerAttachment Replacement Active PW -009 1999 JD -6410 Tractor Replacement (302-99) Active PW -010 2002 Sterling Dump Truck/Plow Replacement (202-02) Active PW -012 Asphalt Patching Equipment (312) Active PW -014 Pickup w/Plow Replacement 2011 Ford F250(103-11) Active PW -015 Skid Loader and Trailer Active PW -016 1998 John Deere Motor Grader Replacement (301-98) Active PW -017 2011 Mack Dump Truck/Plow Replacement (203-11) Active PW -019 2008 Ford Ranger Replacement (101 -08) Active PW -027 Quinell Ave Uptown Sewer Status Protect # Protect Name Active US -003 Drain field Blower Active US -004 Uptown Pump 1 Replacement Active US -005 Uptown Pump 2 Replacement Active US -006 Drainfield Pump 1 Replacement Active US -007 Dminfeild Pump 2 Replacement DR4FTfor 1015-1019 Update Friday, August 22, 2014 City of Scandia, Minnesota Capital Improvement Program 2015 tllro 2019 PROJECTS BY YEAR Project Name Department Project # Priority Project Cost 2015 Community Center Parking Lot Paving Community Center CC -004 1 12,000 Tanker 5177 Replacement Fire F-011 1 230,000 Llleskogen Park Improvements Parks and Recreation PR -001 2 36,000 Log House Landing Improvements Parks and Recreation PR -019 1 400,000 Street Maintenance Program Public Works PW -002 1 300,000 Quinell Ave Public Works PW -027 Na 550,000 Zamboni Replacement Total for 2015 IR -002 Na 1,528,000 2016 Bliss L.S.2 Control Panel 201 Sewer 201S-003 We 27,500 Bliss L.S. 2 Pump 1 201 Sewer 201 S-004 n/a 5,250 Bliss L.S. 2 Pump 2 201 Sewer 2015-005 n/a 5,250 Fire Station HVAC Replacement Fire F-001 2 20,000 SCBA Compressor Replacement Fire F-022 1 17,000 12 SCBA & 30 Masks Fire F-023 1 98,000 Zamboni Replacement Ice Rink IR -002 Na 40,000 Street Maintenance Program Public Works PW -002 1 2,800,000 2002 Sterling Dump Truck/Plow Replacement (202-02) Public Works PW -0f0 3 200,000 2019 Total for 2016 3,213,000 I 2017 .. -, Grass Rig 5175 Replacement Fire F-013 1 85,000 Second Fire Station Fire F-016 2 135,000 Street Maintenance Program Public Works PW -002 1 300,000 John Deere Tractor MowerwBroom&Blower (303-09) Public Works PW -005 3 25,000 Drain geld Blower Uptown Sewer US -003 n/a 500 Total for 2017 545,500 F- 2018 Bliss L.S.1 Control Panel 201 Sewer 2015-001 We 27,500 Fire Department Radio Replacement Fire F-003 1 75,000 Fire Training Structure Fire F-021 3 100,000 Tennis Court Reconstruction Parks and Recreation PR -018 3 60,000 Street Maintenance Program Public Works PW -002 1 300,000 Pickup w/Plow Replacement 2008 Ford F350 (102-08) Public Works PW -004 3 25,500 1998 John Deere Motor Grader Replacement (301-98) Public Works PW -016 n/a 225,000 2008 Ford Ranger Replacement (101-08) Public Works PW -019 3 25,500 Total for 2018 838,500 2019 Fire Chiefs Car Fire F-004 3 50,000 Civil Defense Sirens Fire F-009 3 30,000 DRAFT for 1015-2019 Update Friday, August 22, 2014 Project Name Department Project # Priority Project Cost Fire Hall Roof Replacement Fire F-024 2 100,000 Street Maintenance Program Public Works PW -002 1 300,000 Tiger Dgch Rear Mower Replacement Public Works PW -007 3 15,000 Tiger Boom Mower Attachment Replacement Public Works PW -008 3 12,000 1999 JD -6410 Tractor Replacement (302-99) Public Works PW -009 3 60,000 Total for 2019 567,000 GRAND TOTAL 6,692,000 DRAFTfor2015-2019 Update Friday, August 22, 2014 City of Scandia, Minnesota Capital Improvement Program 2015 ttuu 2019 EXPENDITURES AND SOURCES SUMMARY Department 2015 2016 2017 2018 2019 Total 201 Sewer 2,500,000 38,000 27,500 65,500 Community Center 12,000 351,000 General Fund 300,000 12,000 Fire 230,000 135,000 220,000 175,000 180,000 940,000 Ice Rink Local Road Improvement Fund 40,000 40,000 Parks and Recreation 436,000 38,000 60,000 496,000 Public Works 850,000 3,000,000 325,000 576,000 387,000 5,138,000 Uptown Sewer 500 500 Source EXPENDITURE TOTAL 11528,000 3,213,000 545,500 838,500 567,000 6,692,000 2015 2016 2017 2018 2019 Total Capital Improvement Fund 112,000 Debt Service Fund 2,500,000 135,000 Equipment Replacement Fund 230,000 315,000 110,000 351,000 General Fund 300,000 320,000 300,000 460,000 Grants/ Donations 461,000 40,000 Local Road Improvement Fund 425,000 Sewer Fund (201) 38,000 27,500 Uptown Sewer 500 130,000 242,000 2,635,000 87,000 1,093,000 350,000 1,730,000 501,000 425,000 65,500 500 SOURCE TOTAL 1,528,000 3,213,000 545,500 838,500 567,000 6,692,000 DRAFT for 2015-2019 Update Friday, August 12, 2014 City of Scandia, Minnesota Capital improvement Program 2020 ttuu 2024 PROJECTS BY YEAR Project Name Department Project # Priority Project Cost 2020 Street Maintenance Program Public Works PW -002 1 300,000 Total for 2020 300,000 2021 Street Maintenance Program Public Works PW -002 1 300,000 Pickup w/Plow Replacement 2011 Ford F250(103-11) Public Works PW -014 3 25,500 Total for 2021 325,500 2022 AIE Dronfield 201 Sewer 201S-002 n/a 200,000 Community Center HVAC Replacement Community Center CC -002 2 30,000 SCBA Air Pac Replacements Fire F-006 1 70,000 Skid Loader and Trailer Public Works PW -015 3 40,000 2011 Mack Dump TrucklPlow Replacement (203-11) Public Works PW -017 3 200,000 Drain field Blower Uptown Sewer US -003 n/a 500 Uptown Pump 1 Replacement Uptown Sewer US -004 n/a 1,100 Uptown Pump 2 Replacement Uptown Sewer US -005 n/a 1,100 Dminfield Pump 1 Replacement Uptown Sewer US -006 We 1,100 Drairdeild Pump 2 Replacement Uptown Sewer US -007 n/a 1,100 Total for 2022 544,900 2023 Tanker 5178 Replacement Fire F-014 3 180,000 Total for 2023 180,000 2024 John Deere Tractor Mower w/Broom & Blower (303-09) Public Works PW -005 3 25,000 Tiger Ditch Rear Mower Replacement Public Works PW -007 3 15,000 Tiger Boom Mower Attachment Replacement Public Works PW -008 3 12,000 1999 JD -6410 Tractor Replacement (302-99) Public Works PW -009 3 60,000 Asphalt Patching Equipment (312) Public Works PW -012 n/a 15,000 Total for 2024 127,000 GRAND TOTAL 1,477,400 DRAFT for 2015-1019 Update Friday, August 12, 2014 City of Scandia, Minnesota Capital Improvement Program 2020 thru 2024 EXPENDITURES AND SOURCES SUMMARY Department 2020 2021 2022 2023 2024 Total 201 Sewer 200,000 200,000 Community Center 30,000 30,000 Fire 70,000 180,000 250,000 Public Works 300,000 325,500 240,000 127,000 992,500 Uptown Sewer 4,900 4,900 EXPENDITURE TOTAL 300,000 325,500 544,900 180,000 127,000 1,477,400 Source 2020 2021 2022 2023 2024 Total Equipment Replacement Fund 25,500 310,000 180,000 127,000 642,500 General Fund Sewer Fund l201) Uptown Sewer 300,000 300,000 30,000 200,000 4,900 630,000 200,000 4,900 SOURCE TOTAL 300,000 325,500 544,900 180,000 127,000 1,477,400 DRAFT for 2015-1019 Update Friday, August 22, 2014 \\\\\\))) � w � J 8 § £ 7 ® • 7 ƒ § / Q \ \ U � � \ \\\\\\))) ,_\. . | ; ! | \ t |2 ! ��.�§�!7!f \$(// r:k/ /}j )$\\\\\)(k\k k 2 ``- \ \\ 7 §\ 7q \ k\( (§ 2 { & J, _ \ § 14 m # \ \� , I / � !! 96q] k OR ! kE \ /§ \k ! � —— ) X77\ `& #�!i e !!�;)\(/ W. \ \\ 7 §\ 7q \ k\( (§ 2 { & J, _ \ § 14 m # \ \� 96q] k OR ! kE \ /§ \k ! � —— ) X77\ `& #�!i e !!�;)\(/ W. \] (k\/Ek) Mc ) / ) |!! a h of N N � y �o o Q o 0 � r V N [ �L 0 0 w e S a 0 m n 0 0 0 M 0 0 m 0 .n n m n 0 in 0 0 m N of 0 0 0 m h O r� F 6 ^ F o d � Q A O v Y N N a N Q N V N O n n N K � h N O n n N t a a m `c 12 @ @ Q � O \\\\\(}\ \ \ ) k ## / § ~ § , w k V / | !!(} !§) $!!)!!!!| \ » k 2 G « • � coo Q ° § � a E{ f �§kkk 2 | Eo #■ z �& \\\\\(}\ \ \ ) k ## § | !!(} !§) $!!)!!!!| | § | ° § � a E{ | � �§kkk 2 | Eo #■ z �& / \(!( mk\/\/k\ N I k. 0 0 0 0 0 0 0 0 o e o 0 0 0 0 0 a 0 0 0 0 0 o e o p O O O� L O v] O V) h O 0 0 0 0 0 0 O 0 O V) h h N N N 0 o S N N � O o N N o 0 0 0 o 0 e N N N O O N C o o c 0 N C o 0 N M � � � o � e ? o 0 0 0 0 0 0 0 C o 0 .n m M O Q O O O O O O p o o 0 0 0 0 o e � O G O 00 O e O O O O V O O O m O O N N N M lOy M O V V C y $ n $ 6 o 7 g 3 o a n $ n r�7C'70 7r V C E E zi R d d d E y 4 E y alig@ u 00 N ()r am A U W C d Q L c a"" 'L° tN ._.` a E G m 'Roi a4 o a¢ �i'O 2 K E E w V y`m c QWmay-ac«EE E Edc ai L p] R ' nya p m U K (n N I k. 0 wr7 eq Lrt ° k k 2 [56} \ LR -- /� \ } � kk\\ � \ � % ! ± )Jwmm 22 k : ƒ $k)!« ® �_ �3 Equipment Replacement Fund 2015-2019 Replacements by Department Year Fire Public Works Total 2015 $230,000 $0 $230,000 2016 $115,000 $200,000 $315,000 2017 $85,000 $25,000 $110,000 2018 $75,000 $276,000 $351,000 2019 $0 $87,000 $87,000 TOTAL Percent 46.20% 53.80% 100.00% 2015 Allocation $9,241 $10,759 $20,000 Replacements by Department 2014-2018 Fire 46% Public Works 54% Equipment Replacement Fund Cash Flow 2015-2024 Year Total$ Replacements Funding Balance 2015 $230,000 $20,000 $218,000 2016 $315,000 $20,000 -$77,000 2017 $110,000 $20,000 -$167,000 2018 $351,000 $20,000 -$498,000 2019 $87,000 $20,000 -$565,000 2020 $0 $20,000 -$545,000 2021 $25,500 $20,000 -$550,500 2022 $310,000 $20,000 -$840,500 2023 $180,000 $20,000 -$1,000,500 2024 $127,000 $20,000 -$1,107,500 Equipment Replacment Fund 2015-2024 $600,000 - $400,000 $200,000 LLL U L IL $0� Total $ Replacements -$200,000 015201 72018201920202021202220232024 -$400,000 Funding Balance -$600,000 -$800,000 -$1,000,000 -$1,200,000