Capital Projects Funds

Transcription

1 Capital Projects Funds Park Improvement Fund To account for funding for multi-year Park Improvement projects, such as the purchase of land and development of neighborhood and community parks. Funding for the Park Improvement Fund comes from the Park Impact Fee on development. Park Improvement Fund transfers monies to the Capital Improvement Fund. Special Parks Fund To account the use of State of Kansas Special Alcohol Tax revenues, which are to be use in part for recreation funding. Funding from the Special Alcohol Tax is used to finance architectural and engineering services to maintain and expand Gardner s parks. Park Sales Tax Fund To account for funding for multi-year activities for the Park Sales Tax which was approved by voters in June Street Improvement Fund To account for funding for multi-year street improvement program expenditures. Funding for the Street Improvement Fund comes from Excise Tax on development. The Street Improvement Fund transfers monies to the Bond and Interest Fund to cover the cost of financing these improvements. Special Highway Fund To account for the resources allocated for street repairs, curb repairs and improvement, and sidewalk development. Funding for the Special Highway Fund comes from the State of Kansas Special City and County Highway Fund. Capital Improvement Reserve Fund To account for funding for multi-year major general fund operations capital improvement projects. Funding for the Capital Improvement Reserve Fund comes from transfer from the General Fund, Park Improvement Fund and the intergovernmental funding, such as grants. Stormwater Fund To account for the use of Stormwater Management fees collected and grant monies received from Johnson County for stormwater mitigation projects throughout the City of Gardner.

2 Fund: Park Improvement Department: Parks and Recreation--461 City of Gardner 2010 Annual Budget Fund Description: The Park Improvement Fund is collected through park impact fees on a per lot basis. The Park Improvement Fund accounts for the transfers made to the Bond and Interest account for the purpose of funding park related debt. Program Highlights Due to the current economy and minimal development, there are no projects scheduled to be completed in The development of Quail Meadows Neighborhood Park has been put on hold. Funds may be used to cover any shortfalls within the Parks Sales Tax Fund to cover the debt payments for the Gardner Aquatic Center and Celebration Park. Park Impact Fee (dollars) Single Family (per lot) Apartment (per unit) Commercial(per sq. ft.) Industrial (per sq. ft.)

3 City of Gardner Park Improvement Reserve Fund Actual Budget Estimate Budget Funds Available Jan 1 587, , , ,248 Revenue: Charges for Services: Park Impact Fees 53, , ,700 99,600 Charges for Services Total 53, , ,700 99,600 Use of Money: Interest on Investments 13,200 21,000 3,300 4,800 Use of Money Total 13,200 21,000 3,300 4,800 Special Funding: Special County Sales and Use Tax 289, , ,700 Special Funding Total 289, , ,700 Revenue Total 356, , , ,100 Expenditures: Transfer to Capital Improvement Reserve 120, , ,000 0 Transfer to Parks Sales Tax Fund 0 200, , ,000 Expenditures Total 120, , , ,000 Surplus/(Shortfall) 236,620 (473,300) (321,000) (46,900) Funds Available Dec , , , ,348

4 Fund: Special Highway 130 Department: Public Works--431 City of Gardner 2010 Annual Budget Fund Description: The Special Highway Fund provides funding for various street and curb programs. These programs include a 15-year street overlay program, 5-year street slurry sealing program, and curb repair. This fund also contributes to the provision of Americans with Disabilities Act sidewalk ramps and sidewalk extensions in areas where developers have stopped short of connecting with the proximal sidewalk. Program Measurements: Actual Est. Est. Percent of streets overlaid 1.2% 0.6% 0.6% Cost per lane mile of overlay $220, , ,000 Percent of streets sealed 0% 0% 4% Cost per lane mile of seal coating $ ,200 Program Highlights In 2009, funds will be used to improve both Conestoga Drive and Waverly Road as part of the annual rehabilitation projects. Striping changes to Center Street and Madison are being scheduled in The addition of school zone flashers will be placed on Madison at the entrance to Gardner Elementary and Wheatridge Middle school. In 2010, Special Highway will provide $300,000 for overlay and repair of City streets. Program Staffing (FTE) NA

5 City of Gardner Special Highway Fund Actual Budget Estimate Budget Funds Available Jan 1 295, , , ,006 Revenue: Taxes: State Highway Aid 461, , , ,000 Taxes Total 461, , , ,000 Other: Interest on Investments 5,660 5,700 1,100 1,300 Use of Money Total 5,660 5,700 1,100 1,300 Revenue Total 466, , , ,300 Expenditures: Capital Improvement: Street Overlay/Repair 2, , , , th St Rehab 451, Waverly Rehab 40, Curb Repair/Replacement 0 50, Center ST restripe ,000 0 Crosswalk flashers (Spruce/Madis 0 0 8,000 0 Street Improvement-Debt Service , ,000 Capital Improvement Total 494, , , ,000 Transfers: 2002 A - City Hall Debt 17,304 18,000 18,000 19,000 Transfers Total 17,304 18,000 18,000 19,000 Expenditures Total 511, , , ,000 Surplus/(Shortfall) (44,752) (47,300) (71,100) (61,700) Funds Available Dec , , , ,306

6 Fund: Special Parks Fund 135 Department: Parks and Recreation 461 City of Gardner 2010 Annual Budget Fund Description: Through the revenues of the alcohol tax, this program provides funding for the design of new parks and other engineering and planning studies that are needed. Program Highlights Due to the current economy and minimal development, there are no plans for design and engineering work to be completed in The park system master plan received an update in 2009 that was funded under this program. Quail Meadows Parks was designed, but development has been put on hold. Starting 2009, the City will transfer dollars to the Park Sales Tax Fund to offset declines in sales tax revenues to support the debt service on Celebration Park and the Gardner Aquatics Center. In 2010, the amount of the transfer to Park Sales Tax Fund is set at $40,000.

7 City of Gardner Special Parks Fund Actual Budget Estimate Budget Funds Available Jan 1 59,160 38,160 73,841 36,241 Revenue: Intergovernmental: Special Alcohol Tax 30,057 32,500 32,500 35,000 Intergovernmental Total 30,057 32,500 32,500 35,000 Use of Money: Interest on Investments 1,230 1, Use of Money Total 1,230 1, Revenue Total 31,287 33,700 32,800 35,300 Expenditures: Contractual Services: Master Plan Update ,000 0 New Park Plan 16, ,400 0 Miscellaneous 0 30, Transfer to Park Sales Tax ,000 40, Contractual Services Total 16,606 30,000 70,400 40,000 Expenditures Total 16,606 30,000 70,400 40,000 Surplus/(Shortfall) 14,681 3,700 (37,600) (4,700) Funds Available Dec 31 73,841 41,860 36,241 31,541

8 Fund: Parks Sales Tax Fund Department: Parks and Recreation 461 City of Gardner 2010 Annual Budget Fund Description: In June of 2005, the citizens of Gardner approved a one-half of one percent (0.5%) sales tax increase that took effect January 2006 and will last until The sales tax increase is specifically earmarked for the expansion to the City s swimming pool and the development of Celebration Park. Program Measurements: NA Program Highlights The Aquatic Center was completed in Celebration Park was completed in In 2010, the City will transfer money from Park Improvement Fund and Special Parks Fund to cover shortfalls in sales tax revenues to pay for the debt service on these two projects.

9 City of Gardner Park Sales Tax Fund Actual Budget Estimate Budget Funds Available Jan 1 236,510 89,410 82,080 64,780 Revenue: Taxes: City Sales Tax (.5 cent) 812, , , ,400 Taxes Total 812, , , ,400 Use of Money: Interest on Investments 4,971 1, Use of Money Total 4,971 1, Transfers In Park Improvement Fund 0 200, , ,000 Special Parks Fund ,000 40, , , ,000 Revenue Total 817,483 1,042,300 1,229,800 1,295,200 Expenditures: Bond & Interest 2006 A Pool Expansion (xfer to BI) 325, , , , B - Additional Pool (435 k) xfer to B&I 0 50,500 52,600 54, D - Celebration Park (7.1) 646, , , ,100 Celebration Park - cash portion ,000 0 Expenditures Total 971,913 1,105,000 1,247,100 1,257,600 Surplus/(Shortfall) (154,430) (62,700) (17,300) 37,600 Funds Available Dec 31 82,080 26,710 64, ,380

10 Fund: Street Improvement 140 Department: Public Works--431 City of Gardner 2010 Annual Budget Fund Description: This program funds the development of major street development. The excise tax that is paid at time of platting goes to this fund. Other funds used for these projects are federal and state grants, County CARS program, and developer reimbursements. Program Highlights: Moonlight Road is under construction Improvements will be made to Old 56 Hwy where it intersects with New 56 Hwy at New Century Air Center; this project is being funded with dollars from the American Recovery and Reinvestment Act of Other projects includes funds to add a guardrail on 167 th Street just west of Waverly Road. Excise Tax Rate (per sq. ft. platted)

11 Fund: Capital Improvement Reserve--401 Department: Public Works City of Gardner 2010 Annual Budget Fund Description: The Capital Improvement Reserve accounts for capital improvement projects or studies that are financed from transfers from the general fund, park improvement fund and other sources of revenue. Capital Improvement Reserve Fund Projects Actual Budget Estimate Budget Capital Improvement: Sidewalk Additions (CDBG) 22, , Other CDBG Building Rehab and Improvement 30,000 50,000 35,000 45,000 Elm Street Building Mold Mitigation 10, Doublegate Stormwater Improvements 107, ,000 0 Genesis Creek Ditch ,000 0 Parma triangle drainage (CDBG) , ,000 Veterans trail rehabilitation 63, Neighborhood Park Development 0 275, Aquatic Center Drain Rehab ,000 0 South RPZ purchase 163, ,500 0 Airport Study 62, ,300 PS Station 1 main street light 45, PS Station 1 Roof replacement 5, ,200 0 PS Radio System ,000 Salt Dome and Site Plan ,000 Transfer to General fund ,000 Capital Improvement Total 511, , , ,000

12 Fund: Stormwater Department: Public Works--431 City of Gardner 2010 Annual Budget Fund Description: This program funds the stormwater management projects throughout Gardner. The stormwater management fee is collected by a formula all properties within the City of Gardner as set by the City Council. The City also receives grant funding from Johnson County to pay for portions of these projects. Program Highlights: The City Council will consider options for how the fee structure will be set for this program during the second half of 2009 and beginning of The fee is anticipated to start in In 2010, the City is scheduled to use this funding to complete a Stormwater Management Plan that is required by the National Pollutant Discharge Elimination System, as well as, complete engineering on interim improvements for 175 th Street and Waverly. A grant system is also being considered for residents and businesses for mitigation of smaller stormwater projects and engineering for Willow Springs Interim Basin Improvements. Stormwater Management Fee

13 City of Gardner Storm Water Fund Actual Budget Estimate Budget Funds Available Jan (435,802) (0) Revenue: Intergovernmental: SMAC-County 342, ,002 0 Total Intergovernmental 342, ,002 0 Charges for Services Stormwater utility charges 0 300, Charges for Services total 0 300, Revenue Total 342, , ,002 0 Expenditures: Storm water facilities study 242, ,200 0 Studies - Certification Transfer to GF - Engineering Storm water projects 535, , Total 778, , ,200 0 Expenditures Total 778, , ,200 0 Surplus/(Shortfall) (435,802) 0 435,802 0 Funds Available Dec 31 (435,802) 0 (0) (0)

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