FY 2022 Budget Workshop Capital Funds & Capital Improvement Program
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FY 2022 Budget Workshop Capital Funds & Capital Improvement Program January 23, 2021 | Davenport City Hall 1 SCHEDULE January 16th | Operating Funds • 2020 Citizen Survey Review • FY 2020 Financial Review • FY 2021 Financial Update • Fund Accounting and Structure Essentials • FY 2022 Operating Budget Review January 23rd | Capital Funds • Debt Service Fund • Local Option Sales Tax Fund • Road Use Tax Fund • Six-year Capital Improvement Program January 30th | City Administrator’s Budget & Work Plan • Previous Workshop Follow-Up • City Administrator’s Recommended FY 2022 Budget & CY 2021 Workplan 2 2 CAPITAL PROGRAM • Capital projects typically cost more than $5K with at least a 5-year useful life. • Funding sources are typically bonds and other operating revenues. • Primary funding sources: Debt Service Levy Local Option Sales Tax Road Use Tax Enterprise Funds (Sewer, Solid Waste, Clean Water) Grants and Partnerships 3 3 DEBT SERVICE 4 DEBT SERVICE FUND • Levy amount is $2.05 per $1,000 taxable value. • Levy is restricted for the purposes of funding principal and interest payments associated with annual debt service. • Iowa State law limits local governments’ debt to 5% of their gross assessed valuation. • The City’s debt margin is 58.37% of the legal limit, the lowest since 2009. 5 5 DEBT SERVICE FUND Debt Service Fund Cash Balance $12 $10 $8 $6 $4 Millions $2 $0 -$2 -$4 6 6 LOCAL OPTION SALES TAX 7 LOCAL SALES TAX FUND • Referendum passed in 1988 60% of received funds = debt service relief 40% of received funds = capital investment • 1% of gross sales collected within Scott County are redistributed through a state formula. 8 8 LOCAL OPTION SALES TAX REVENUES $19.0 $18.0 $17.0 $16.0 Millions $15.0 $14.0 $13.0 9 9 FY 2022 LOCAL OPTION SALES TAX FUND EXPENDITURES $111,200 $2,249,573 $813,719 Salaries and Benfits Equipment Non-Departmental Expenses Allocated Costs $13,936,500 10 10 LOCAL OPTION SALES TAX FUND Local Option Sales Tax Fund Cash Balance $12 $10 $8 $6 $4 Millions $2 $0 -$2 -$4 11 11 ROAD USE TAX FUND 12 ROAD USE TAX FUND • Established by the state in 1949 and approximately 20% of what is collected is distributed to cities. • Revenues are designated for use on maintaining and improving the City’s street network and system. • In 2015, the state approved a $0.10/gallon increase, and it produces an additional $1.6M(+/-) annually for investment. 13 13 ROAD USE TAX FUND REVENUES $16.0 $15.0 $14.0 $13.0 $12.0 Millions $11.0 $10.0 $9.0 $8.0 14 14 FY 2022 RUT FUND Expenditures $2,032,015 $525,300 Salaries & Benefits CIP Projects $7,997,851 Supplies & Services Equipment/Vehicles Allocated Costs $2,706,819 $1,600,000 15 15 ROAD USE TAX FUND BALANCE $7 $6 $5 $4 $3 $2 Millions $1 $0 -$1 16 16 CIP | FY 2022 – FY 2027 17 CIP BUDGET HIGHLIGHTS • Significant investment into the City’s street network and sewer systems: $33.6M for Streets & Sewers projects in FY 2022 Increased investment of $4.6M from FY 2021 • $1.5M city parks investment $800K for Veteran’s Memorial Park $170K for neighborhood playgrounds (NEW) • Continued public safety capital investment $400K for Fire Station 3 Design and relocation $1.0M for Fire Apparatus Replacement $400K for public safety response vehicles 18 18 CIP | FY 2022 – FY 2027 YEAR BUDGET FY 2022 $47,306,132 FY 2023 $38,466,626 FY 2024 $44,667,735 FY 2025 $37,124,781 FY 2026 $36,659,950 FY 2027 $38,594,000 TOTAL $242,819,224 19 19 FY 2022 PROPOSED CIP 6.91% 0.16% 0.23% 5.72% 21.66% 6.05% 1.04% 1.11% 0.35% 1.62% 2.12% 0.31% 0.42% 3.49% 14.80% 31.92% 2.11% Airport Bridges Facilities Maintenance Fleet General Government IT Library Services Parks & Recreation Pedestrian Transportation Public Safety Rivercenter/Adler Riverfront Sanitary Sewer Stormwater Streets Traffic Engineering WPCP 20 20 CIP PROGRAM CATEGORIES PROJECT CATEGORY FY 2022 BUDGET Bridges $110,000 Facilities Maintenance $3,266,500 Fleet $2,704,000 General Government $2,860,000 Parks & Recreation $765,000 Pedestrian Transportation $1,005,000 Public Safety $145,000 Riverfront $1,650,000 Sanitary Sewers $7,001,000 Stormwater $1,000,000 Streets $15,100,000 Water Pollution Control Plant $10,244,632 21 21 CIP FUNDING CATEGORIES FUNDING SOURCES FY 2022 BUDGET Bonds Abated by Sewer Fund $7,000,000 Clean Water Fund $650,000 Equipment Bonds $1,500,000 Federal & State Grants $13,119,632 GO Bonds $17,000,000 Hotel/Motel Tax $200,000 Private Contributions $75,000 Local Sales Tax $3,901,500 Road Use Tax $1,600,000 WPCP Fund $1,180,000 Bonds Abated by Solid Waste Fund $930,000 Parking Fund $150,000 22 22 CIP STREET FUNDING COMPARISON 23 23 COUNCIL SCORING TOTALS TOTAL CATEGORY PROJECT SCORE Neighborhood Street Repair Streets 63 Program Gen. Government Urban Revitalization Program 47 Streets High Volume Street Repair Program 26 Riverfront Riverfront Flood Resiliency Program 21 Sanitary Sewers Contract Sewer Repair Program 20 Facilities Maintenance City Hall Air Handler Replacement 18 Sanitary Sewers Sanitary Sewer Lining Program 15 Pedestrian Regional Trail to Eldridge 12 Transportation Bridges Bridge Maintenance Program 12 Riverfront Main Street Landing 11 24 24 COUNCIL SCORING TOTALS TOTAL CATEGORY PROJECT SCORE Skywalk Air Handler Unit Facilities Maintenance 10 Replacement Public Safety Storm Warning Siren Upgrades 10 Inflow & Infiltration Removal Sanitary Sewers 10 Program Traffic Engineering Brady & Lombard Traffic Signal 10 Bridges Pedestrian Bridge Repair Program 9 Public & Traffic Safety Camera Public Safety 9 Program Veterans Memorial Park Riverfront 9 Improvements Streets Alley Repair Program 9 Streets Contract Milling Program 9 25 25 COUNCIL SCORING TOTALS: SUMMARY • Top 5 Projects | All Funded in FY 2022 Neighborhood Street Repair Program Urban Revitalization Program High Volume Street Repair Program Riverfront Flood Resiliency Program Contract Sewer Repair Program (Sanitary) • 92% of the top 25 projects funded in FY 2022-2027 26 26 THANK YOU 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 FY 2022 - FY 2027 CIP Projects by Funding Source | UPATED 1/22/2021 FUNDING/PROGRAM/PROJECT FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 BONDS ABATED BY SEWER FUND FACILITIES MAINTENANCE FM030 MAINTENANCE BUILDING FLOOR DRAIN DISCONNECT ‐ ‐ ‐ 225,000 ‐ ‐ SANITARY SEWERS SS001 CONTRACT SEWER REPAIR PROGRAM (SANITARY) 1,250,000 1,250,000 1,250,000 1,250,000 1,500,000 1,250,000 SANITARY SEWERS SS002 SEWER LATERAL REPAIR PROGRAM 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 SANITARY SEWERS SS003 SANITARY SEWER LINING PROGRAM 1,000,000 ‐ ‐ 2,000,000 ‐ ‐ SANITARY SEWERS SS004 INFLOW AND INFILTRATION REMOVAL PROGRAM 1,400,000 ‐ 1,000,000 2,000,000 ‐ 2,000,000 SANITARY SEWERS SS005 NEIGHBORHOOD I&I INVESTIGATION AND REMOVAL 150,000 100,000 ‐ 150,000 150,000 150,000 SANITARY SEWERS SS006 LIFT STATION REHABILITATION (SANITARY) 60,000 50,000 50,000 50,000 50,000 50,000 SANITARY SEWERS SS007 SEWER CLEANING & TELEVISING PROGRAM ‐ ‐ 200,000 ‐ 200,000 ‐ SANITARY SEWERS SS008 1930'S SANITARY SEWER RIVERFRONT INTERCEPTOR 1,300,000 ‐ ‐ ‐ ‐ ‐ SANITARY SEWERS SS010 MANHOLE REHABILITATION PROGRAM ‐ 2,000,000 1,000,000 ‐ ‐ 850,000 SANITARY SEWERS SS011 TREMONT SANITARY INTERCEPTOR REPLACEMENT ‐ 1,000,000 2,100,000 ‐ ‐ ‐ SANITARY SEWERS SS012 DUCK CREEK NORTH EXTENSION PHASE I ‐ ‐ 200,000 125,000 2,700,000 ‐ SANITARY SEWERS SS013 SEWER CAPACITY‐FUTURE GROWTH STUDY ‐ ‐ ‐ ‐ 1,200,000 ‐ SANITARY SEWERS SS014 SILVER CREEK PARALLEL TRUNK SEWER ‐ ‐ ‐ ‐ ‐ 1,500,000 SANITARY SEWERS WPCP2 WEST LOCUST SEWER PUMP STATION 340,000 1,000,000 ‐ ‐ ‐ ‐ STORMWATER SW011 PUMP STATION 101 & 102 COMBINATION ‐ 400,000 ‐ ‐ ‐ ‐ STREETS ST005 3RD & 4TH STREET REHABILITATION 300,000 ‐ ‐ ‐ ‐ ‐ TOTAL BONDS ABATED BY SEWER FUND 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 BONDS ABATED BY SOLID WASTE FUND FLEET FL001 SOLID WASTE EQUIPMENT REPLACEMENT PROGRAM 930,000 738,000 785,000 920,000 890,000 850,000 TOTAL BONDS ABATED BY SOLID WASTE FUND 930,000 738,000 785,000 920,000 890,000 850,000 CLEAN WATER FUND FLEET FL008 BRUSH CUTTER SKID STEER UNIT ‐ 160,000 ‐ ‐ ‐ ‐ STORMWATER SW003 PUBLIC/PRIVATE COST‐SHARE STORMWATER BMPS 20,000 20,000 20,000 40,000 40,000 40,000 STORMWATER SW004 CONTRACT STREAM REPAIR 50,000 50,000 50,000 50,000 ‐ ‐ STORMWATER SW005 NAHANT GRANT SUPPORT 70,000 70,000 60,000 ‐ ‐ ‐ STORMWATER SW006 SUMP PUMP ABATEMENT ‐ PERMEABLE ALLEY 360,000 ‐ ‐ ‐ ‐ ‐ STORMWATER SW007 NEW STORM SEWER | 1800 BLOCK OF PINEACRE ‐ ‐ ‐ ‐ 160,000 200,000 STORMWATER SW008 STORM SEWER EXTENSION | 66TH STREET 150,000 ‐ ‐ ‐ ‐ ‐ STORMWATER SW009 STORM SEWER REPLACEMENT | EASTERN AVE. ‐ 100,000 270,000 ‐ ‐ ‐ STORMWATER SW010 STORM SEWER EXTENSION | DUGGLEBY STREET ‐ 50,000 ‐ ‐ ‐ ‐ STORMWATER SW012 SUMP PUMP ABATEMENT PROGRAM ‐ ‐ 50,000 ‐ 100,000 100,000 STORMWATER SW014 COMP. WATERSHED & NATURAL RESOURCE ASSESS. ‐ ‐ ‐ 360,000 ‐ ‐ STORMWATER SW015 OXBOW RECONSTRUCTION ‐ ‐ ‐ ‐ 40,000 ‐ STORMWATER SW016 STREAM STABILIZATION PROGRAM ‐ ‐ ‐ ‐ 110,000 110,000 TOTAL CLEAN WATER FUND 650,000 450,000 450,000 450,000 450,000 450,000 EQUIPMENT BONDS FACILITIES MAINTENANCE FM048 LIBRARY MEETING ROOM UPGRADES ‐ ‐ ‐ 45,000 ‐ ‐ FLEET FL004 DUMP TRUCK REPLACEMENT PROGRAM 130,000 325,000 325,000 325,000 325,000 325,000 FLEET FL005 GROUND MAINTENANCE REPLACEMENT PROGRAM 244,000 160,000 130,000 105,000 110,000 100,000 100 FUNDING/PROGRAM/PROJECT FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FLEET FL010 WHEEL LOADER REPLACEMENT