Documents

resolution 3 pages

Also attached to this agenda item: Debt Service Summary - Schedule 7 General Fund A Resolution 79-2024 Budget Adoption Salary Schedule 5 Sewer Fund G Water Fund F

2023-2024 Capital Fund Appropriation Schedule FUNDING SOURCE 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 INFRASTRUCTURE IMPROVEMENTS Streets and Sidewalks General Road Repairs, Sidewalks & Curbs CHIPS 375,000 400,000 400,000 400,000 400,000 Farrington Road Steps Debt 51,000 150,000 Improvements to North Highland Gate Debt 30,600 Traffic Light Replacements for SRA 150,000 Stormwater Management: Village-wide Stormwater Debt 25,500 100,000 50,000 100,000 50,000 Bridges Half Moon Bay Bridge Rehabilitation Grant & Previous Bond 2,000,000 TOTAL INFRASTRUCTURE 2,482,100 800,000 450,000 500,000 450,000 EQUIPMENT 4X4 Pickup 60,000 60,000 Sanitation Truck 300,000 300,000 Lo-Boy Dump Truck 100,000 100,000 Large Dump Truck Debt & Capital Acct 218,000 Skid Steer Loader 60,000 Variable Message Board FB 20,000 Wheel Loader/Tractor Shovel 200,000 EQUIPMENT TOTAL 238,000 360,000 360,000 100,000 360,000 FIRE DEPARTMENT Command Car Replacement 85,000 88,000 Engine 119 Replacement 1,100,000 Engine 120 Replacement 700,000 Initial Turnout Gear for New Members Debt 61,200 60,000 Equipment Purchases Debt 66,300 65,000 Cancer Prevention Plan Debt 20,400 20,000 25,000 25,000 Grand Street Firehouse Upgrades 200,000 Fire/Rescue UTV Debt 66,300 FIRE DEPARTMENT TOTAL 214,200 1,330,000 725,000 313,000 PARKING Replacement Pay Stations 20,000 Flood Resiliency Study for Parking Lot & Parks FB 50,000 LPR Units for Parking Enforcement Debt 34,170 34,170 Brook Street Parking Lot 250,000 PARKING TOTAL 84,170 304,170 4/24/2024 2023-2024 Capital Fund Appropriation Schedule FUNDING SOURCE 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 EMERGENCY MEDICAL SERVICE Renovations to Harmon Firehouse Grant, FB & Debt 1,515,600 Replacement Ambulance 250,000 EMERGENCY MEDICAL SERVICE TOTAL 1,515,600 250,000 MUNICIPAL BUILDING Retaining Wall Repairs Debt 102,000 Parking Lot Extension 1,200,000 TOTAL MUNICIPAL BUILDING 102,000 1,200,000 POLICE DEPARTMENT Police Vehicles Debt 86,700 92,000 92,000 Renovations to Police HQ Debt 45,900 Police Equipment Debt 88,000 Drug Testing System 38,500 LPR Site Equipment 31,500 New Audio Recorder Debt 32,300 AXON body and car cameras 47,493 47,493 47,493 47,493 Radio & Communications Upgrade Debt 41,000 TOTAL POLICE 325,400 177,993 47,493 139,493 47,493 RECREATION and PARKS Gouveia Park Design Work Endowment 100,000 Gouveia Park Site Improvements Endowment 435,300 50,000 Manes Field Improvements Debt 51,000 Dobbs Park Playground & Basketball Court 600,000 RECREATION TOTALS 586,300 650,000 TOTAL GENERAL FUND CAPITAL COSTS 5,547,770 4,822,163 1,832,493 1,052,493 857,493 4/24/2024 2023-2024 Capital Fund Appropriation Schedule FUNDING SOURCE 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 WATER SYSTEM IMPROVEMENTS Water Distribution System Improvements Water Main Replacement and Relining 500,000 500,000 Repair or replacement - Upper North Highland Storage Tank 1,500,000 TOTAL WATER SYSTEM IMPROVEMENTS 1,500,000 500,000 500,000 Sanitary Sewer System Improvements Sanitary Sewer Collection System Rehabilitation 100,000 100,000 Nordica Pump Station Sewershed Improvements FB 55,000 TOTAL SEWER SYSTEM IMPROVEMENTS 55,000 100,000 100,000 FUNDING SOURCE ANALYSIS FOR 2024-25 General Fund Debt Issuance 1,779,470 $ Water Fund Debt Issuance - $ Sewer Fund Debt Issuance - $ Grant Funds 1,600,000 $ CHIPS 375,000 $ Existing Capital Account 568,000 $ Gouveia Endowment 535,300 $ General Fund Balance (FB) 690,000 $ Sewer Fund Balance (FB) 55,000 $ Total 5,602,770 $ 4/24/2024