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Capital Investment Program CRF
MISSION
The purpose of the CIP Capital Reserve Fund is to set aside funds annually for the advancement of future
Capital Investment Projects. The funds may be utilized for preliminary design for improved cost
estimation or for associated debt obligations or any other capital expense related to the project. This
avoids resource competition and cash flow demands on the Fund Balance and allows for better planning
and implementation of tangible assets that add value to the community.
SERVICE TO COMMUNITY
Leverage our resources by re-investing in the community.
BUDGET NOTES
New Initiatives & Priorities
Cost Value
Park West Fire Station Land Acquisitions & Design
2,500,000
Town Center Capital Project Stormwater Improvements
750,000
Northwest Site Due Diligence
300,000
Total
$3,550,000
CIP CAPITAL RESERVE FUND
2017 Actual
2018 Actual
2019 Estimated 2020 Proposed
Beginning Balance
-
$
200,798
$
404,264
$
4,278,769
$
Interest Earnings
798
$
3,466
$
4,505
$
-
$
Transfer in from General Fund
200,000
$
200,000
$
3,870,000
$
200,000
$
Transfer out to General Fund
-
$
-
$
-
$
(3,550,000)
$
Ending Fund Balance
200,798
$
404,264
$
4,278,769
$
928,769
$
Year Over Year % Change Total
101.3%
958.4%
Year Over Year $s Change Total
200,798
$
203,466
$
3,874,505
$