2018 Capital Budget

PROPOSED FUNDING PLAN For the 2018 Capital Budget GENERAL FUNDING GOALS  Maintain our current annual debt levy of about $2.4 million  Maintaining a steady debt levy is a key component of our long-term financing goals.  The $2 million levy supported borrowing in our 2018 capital budget fits into our long-term goal.  Maintain a positive cash position in the Municipal Facilities Fund while moving forward with necessary projects  We used $4 million in cash from the Municipal Facilities Fund in 2013 to provide a necessary one-year gap in debt that was needed to meet our goal.  Additional cash is projected to be needed from the Municipal Facilities Fund in 2022, 2023, and 2024; after the debt for our municipal building is paid-off. RECOMMENDED FUNDING SUMMARY (for the Proposed 2018 Capital Budget) New GO Debt Cash on Hand Impact Fees To t a l Public Works & StormUtility (10-year tax levy debt) $ 2,000,000 $ 1,455,000 $ - 0 - $ 3,455,000 TID (debt paid with tax increment only) 1,900,000 - 0 - - 0 - 1,900,000 Water Utility (20-year service revenue debt) 1,340,000 150,000 249,000 1,739,000 Park Projects (expecting $106,000 DNR grant reimb) - 0 - 120,000 616,000 736,000 Fire Station #2 & #4 (cash-on-hand from tipping fees) - 0 - 70,000 130,000 200,000 Sewer Utility (paid from service revenue only) - 0 - 50,000 48,000 98,000 T otal proposed 2018capital budget $ 5,240,000 $ 1,845,000 $ 1,043,000 $ 8,128,000 Includes $705,000 from the sale of the Distribution Center A total of $6.8 million was made available from the sale. Remaining $2.9 million to be spent on infrastructure projects over the next couple years. Village of Menomonee Falls 2018 Capital Improvement Funding Plan NEW GO DEBT CASH ON HAND Capital Water Current GO Municipal Capital Dist Center Fire Park Water Water Sewer Sewer CASH GRAND Project # Description Projects Utility TID #12 TOTAL Facilities Projects Sale Proc Impact Fees Impact Fees Utility Impact Fees Utility Impact Fees TOTAL TOTAL Comments Municipal Facilities 22035 Fire Station #2 & #4 Additions/Mods Design 70,000 130,000 200,000 200,000 Public Works Projects 41206 2018 Sidewalk Program 130,000 130,000 130,000 41207 2018 Curb & Gutter Program 150,000 150,000 150,000 41208 2018 Roads Program 700,000 700,000 700,000 Slag seal & crack filling in Operating Budget Transportation Projects 41209 Main St (Parking Improvement - Phase III) Design & Construction 535,000 535,000 200,000 200,000 735,000 Use State proceeds from Main St transfer 41210 Sheridan Dr (Hillcrest to Ann Ave & Vill. Park) Design & Acquisition 665,000 665,000 665,000 41211 Jacobson Dr / Hiawatha Dr / Dardis Pl Design & Watermain Construction 310,000 310,000 40,000 40,000 350,000 41212 Cheyenne Dr (Stand Pipe to Cherokee Dr) Design & Watermain Construction 25,000 285,000 310,000 310,000 41122 63202 Lilly Rd (Silver Spring to Mill Rd) Construction & Signal Installation 200,000 1,900,000 2,100,000 300,000 150,000 50,000 500,000 2,600,000 Suplus funds from 2017 Capital Budget Parks Projects 64069 Path Extension (Menomonee River Park) Construction 120,000 120,000 240,000 240,000 $106,000 to be reimb by a DNR Grant 64070 New Parking Lot (Mill Pond Park) Remediation & Construction 496,000 496,000 496,000 Impact Fees per 2017 Impact Fee Study update Water Utility Projects 72060 Lannon Rd (1/2 mi Extn, N from Lisbon) Watermain Design & Construction 150,000 150,000 187,000 187,000 337,000 Impact Fees per 2014 Impact Fee Study 72061 St Francis Dr (St Mark to Roosevelt) Watermain/Storm Relay Design & Constr 260,000 225,000 485,000 485,000 72062 Patton Dr (Cleveland to Roosevelt) Watermain Design & Construction 370,000 370,000 370,000 Sewer Utility Projects 73042 Crossroads Shop Ctr (Sewer/Water Convrsn) Design 62,000 48,000 110,000 110,000 Storm Utility Projects 74018 Thorndell Dr (Culvert Replacement) Design & Construction 250,000 250,000 250,000 Suplus funds from 2017 Capital Budget 2,000,000 1,340,000 1,900,000 5,240,000 70,000 870,000 705,000 130,000 616,000 150,000 249,000 50,000 48,000 2,888,000 8,128,000 2/15/2018 3:16 PM Page 1 of 1