Download
2006 capital improvement budget n.
Skip this Video
Loading SlideShow in 5 Seconds..
2006 Capital Improvement Budget PowerPoint Presentation
Download Presentation
2006 Capital Improvement Budget

2006 Capital Improvement Budget

95 Views Download Presentation
Download Presentation

2006 Capital Improvement Budget

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. 2006 Capital Improvement Budget • Capital Improvement Plan to Capital Improvement Budget • Receive further direction • Property Tax Projects • Parks and Recreation Projects (sales tax)

  2. 2006 Capital Improvement to Capital Budget • Projects Compiled into a Draft CIP for Review by the Planning Commission • Projected Resources Available in 2006 for the Capital Budget • Created Funding Options for City Commission discussion and direction • City Manager recommends Operating and Capital Improvement Budget

  3. 2006 Capital Improvement to Capital Budget • $18,573,000 of projects proposed for 2006 • $8,525,000 - City Cost of proposed projects • $7,848,000 – Funded by federal or state grants and benefit districts • $2,200,000 - Kasold Bridge over KTA – no cost to city, funded by State and County

  4. 2006 Capital Budget – Property Tax Options • Established Three Funding Tiers • No levy increase, 0.25 mill increase, 0.50 mill increase • 2005 debt levy = 7.07 mills • 6% annual increase in valuation

  5. 2006 Capital Budget Property Tax Tier One - no increase

  6. 2006 Capital BudgetProperty Tax Tier Two - 0.25 mill

  7. 2006 Capital Budget Property Tax Tier Three - 0.50

  8. 2006 Capital Budget – Property Tax Options • Discussion / Direction

  9. 2006 Capital Budget – Sales Tax Options • $3,286,000 of parks and recreation projects were proposed in the Capital Improvement Plan for 2006 • No outside funding

  10. 2006 Capital Budget – Further Direction • Finance selected projects through a mix of cash and debt • Debt finance all proposed projects - 2nd generation bonds • $309,000 paid off in 2005 = $2,950,000 of annual debt support starting in 2006 • $514,000 paid off in 2006 = $4,950,000 of annual debt support starting in 2007

  11. 2006 Capital Budget- Sales Tax Options • Discussion / Direction